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AmEx Velocity Platinum Card - $349 Annual Fee - 100,000 Velocity Points + Domestic Return Flight

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$349 annual fee
100,000 velocity points
Return domestic Virgin flight yearly
2 virgin lounge passes yearly

If you book a flight using the velocity points - Perth to Abu Dhabi one way BUSINESS = 70,000 points + $80. That ticket costs $3,774!!

To save time before you apply for your American Express Velocity Platinum Card, it's best to make sure you can say yes to the following:

I am aged over 18
I am an Australian citizen or permanent resident or hold a current Business Long Stay Visa (subclass 457)
I have a personal gross (pre-tax) annual income of $65,000 or more
I have no history of bad debt or payment default
And if self employed, I have been trading for at least 18 months or 12 months if I hold an existing American Express issued Card


AmEx Referral Wiki (Bonus of a further 10,000 points with referral link)

Referral Links

Business Explorer Card: random (1)

Referrer: 40,000 Reward Points

Centurion Personal Charge Card: random (7)

Referee gets 200,000 MR points. Referrer gets 150,000 MR points.

Related Stores

American Express
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closed Comments

  • +1

    Not bad . If you want to buy gift cards, its 100000 Velocity points for $550 for coles Myer. The return domestic is roughly worth $300

    • +1

      Mmm. $550 of gift cards so with the $349 annual fee you would be $201 in front. Worth it?

      • +1

        Well I think the current ANZ Black credit card offers around $250 of gift cards, with free annual fee for 1 year. So around $49 more value than this deal.

  • +4

    FWIW - must spend $1,000 on your new Card within the first 3 months

    • +3

      Offer only available to new American Express Card Members who apply by 30 September 2015, are approved and spend $1,000 in the first 3 months of Card Membership. Card Members who currently hold or who have previously held any other Card product offered by American Express Australia Limited in the preceding 12 month period are ineligible for this offer. Please allow 8 to 10 weeks after the $1,000 spend benchmark has been met for the 100,000 Velocity Points to be awarded to the Card Member's Velocity Platinum Account. This advertised offer is not applicable or valid in conjunction with any other advertised or promotional offer.

      So you won't get the Velocity points unless you spend $1000 in the first 3 months

      • Just applied for amex david jones means that I am ineligible for this offer?

        • Only direct AMEX cards may be a problem, but even so many people with an existing card are being approved.

          There's no guarantee that you will get the 110K points.

        • +1

          FYI - I am a DJ's Amex Cardholder and applied and was approved for this and received the 110k bonus points ok :)

        • @vvti85: thanks dood!

    • Do-able within a month.

      An example of monthly expense
      $150 petrol
      $80 phone
      $500 dining out
      $200 grocery
      $200 misc spending

      • +33

        $500 dining out! My extent is treating myself to a big mac meal once a week.

        • +17

          Treating or punishing yourself?

        • +3

          $500 dining out? You definitely have a girlfriend, don't you?

      • +6

        just pay 1000 on your electricity bill….u will use that in 6 months

      • +1

        If you buy a $400 wishcard ($380 with 5% at Ent Book, etc) every month.
        You'll hit the $1k mark, have 12mths to use the wish cards (Woolies, Caltex, Dan, Masters, BIGw, Etc)

        That shouldn't be too difficult.

        It's better then some of the others like Virgin where you had to spend $5k in 3mths, just to get 10k points.

    • Just nice, can buy the Samsung Note 5.

  • +1

    Can referral be used to get more points?

  • DAMMIT! Just got this with 80k points a week ago. (profanity)

    • Same here :( maybe someone will sign up using my referral link in the wiki so it makes up the difference <hint hint>!

      • Done :)

        • Wow, I just checked - thanks Kokomo!

      • It's been approved. Did you get any extra points?

        • Yes, I got 20k :) Big thanks!

    • +1

      Call up Amex and express your displeasure that others are getting 110k points on offer now. Some others have done this and received an extra 30k points.

  • Interesting… worth cancelling Platinum Edge for this?

    • +3

      I think the Edge is a better card for earning points unless you frequent a lot of restaurants and bars.

      This card earns 3 pts per $1 on (most) restaurants/bars, 2 on travel related expenses and 1 for everything else.

      You're also locked in to Velocity points with this card (whereas with the Edge you can pick and choose).

      That said, the signup points bonus on this card is awesome

      • I don't go to restaurants and bars that often.

        I only use Edge for Petrol and Groceries. I'm using my Citi Signature for everything else.

        • In that case the 100k bonus points is probably more than you'd earn on the Edge in the next year, right?

        • Edge is $195 a year

          This is $350

          For the $150 extra per year I dont mind not using the lounge!!

      • +1

        You can also transfer Velocity points to Kris Flyer so would work out to 65,000 KF miles. It cost me 61,625 KF miles Adelaide to Istanbul on Singapore Business class.

        • Was that including taxes and everything?

        • @Jayphen: About $450 in taxes. If I actually paid for the ticket would have cost me over $5,000

        • How did you get 65,000? I made it 110000/1.35 = 81k approx.

        • @MadamePolyglot: yeah my bad. Couldn't remember the conversion

    • +4

      "Card Members who currently hold or who have previously held any other Card product offered by American Express Australia Limited in the preceding 12 month period are ineligible for this offer"

      • Yes, this is what concerns me. I have the Westpac amex 60k qff deal so does this mean I can't apply for this?

        • +2

          Yes you can, the amex is actually attached to your Westpac and is bank issued not AMEX issued.

    • u cant ? coz its for new amex customers

      • Would like some actual confirmation from someone with an existing amex and applies got this one…

        • umm the actual confirmation is stated in the terms… how is that not clear enough

          (i was replying to the dude with the platinum edge)

        • Lots of recent first hand experiences on Australian Frequent Flyers forum from people successfully getting new AMEX bonuses despite already being current AMEX (not bank issued Amex) customers - even when disclosing their existing card:

          http://www.australianfrequentflyer.com.au/community/american…

        • My recent (bank and amex-issued) amex scenarios might help confirm this for some:

          June 2013 - Applied and approved for Amex Plat Velocity (50k bonus pts)
          May 2014 - Closed Amex Plat Velocity
          May 2014 - Approved for NAB plat amex/visa (40k bonus pts)
          March 2015 - Closed NAB plat amex/visa
          June 2015 - Applied and approved for Amex Plat Velocity (80k bonus pts)

          What this shows is in my experience if you keep 12+months between AMEX ISSUED amex cards, then you're considered a new customer. A bank-issued amex does not affect your customer status with Amex when they are the card issuer.

  • +1
    • Wouldn't use a referral, you'll get less points!

      • Really? Bummer

        • +2

          Yeah just checked to see if I get a new referral code if the referee would get 100k points, not to be. So no now the ethical dilemma of referring friends and collecting 20k while they collect 80k, or point them in the direction of this deal….

          I've e-mailed AMEX to see if there will be any change to the referral code to reflect the 100k points fingers crossed. Will update when I get response from AMEX.

        • +9

          @Bargain Hunter 007: Great news! Just got a response from AMEX

          "You will be glad to hear that you can certainly recommend your 'American Express Velocity Platinum Card' to a friend/family and receive 20,000 bonus points. Your friend will receive 110,000 points on spending $1000.00 in the first 3 months of card membership.

          You can check the offer details and complete the referral at our website mentioned below.
          https://www316.americanexpress.com/iFormsSecure/un/iforms.do…
          "
          Worth chucking this in the info I say!

          <referral solicitation not permitted>

  • Thanks OP.

    Approved and card is being sent out.

  • Anyone know if you have to wait to get the card etc to book the flights? Or can you call them as soon as you're approved?

    • still need to wait for the card (FYI I applied on Monday, received card Friday arvo); from memory, you may need to book the flight 21 or more days in advance, too.

  • +2

    My credit rating has been taken punch the last 2 years, too many applications. Got almost 200K Qantas points already through application. I think I will pass this one.

    • +1

      May I know what is your credit score? Just wondering if my score will qualify.

      • It is classified as BAD. I took few mortgage in the past as well. But last time I applied for CC was 2 months ago, CBA Qantas, and my credit rating is BAD, and it got approved.

        • Hmmm… my rating is 'AVERAGE'. Do you think I have a chance in getting it?

          Also, did you put in your repayments and all expenses accurately in the application form?

        • @wildstone: Amex are one of the toughest. Often irrationally tough (declined a card upgrade with the same credit limit, despite my perfect payment history with them over years, and large amount of spending).

  • Anybody know how much tax you'll have to pay for return flights to LA from Sydney? (economy)

    • +1

      Used to only be around $100-$150 each way. No fuel surcharge unlike QF

    • +2

      as of this moment

      $107.89 for syd->lax
      $43.19 for lax->syd

  • I can't find interest free days on this at all…any ideas?

  • -1

    How limited are the free return flights? Like what are the chances that the flight you want will be "unavailable"? Looking for Sydney to Cairns next year, but it's in school holidays…

    • -1

      Tried to find out, am in the same boat, cant see exclusions.

    • -1

      If you go to Virgin Australia website and search for flights you are after and if saver fare is available you will be able to book. Regardless of price. Few of us are going to Brisbane from Melbourne and back on the 16th of July and everyone was able to book flights yesterday. That is less than 21 days in advance that some people claim.

  • +1

    This is the only card I have been rejected on and I got the ANZ Black Rewards AND CommBank Platinum Awards a week after applying for this (during the last points bonanza in May).

    Great deal but make sure your house is well and truly in order before applying!

  • My ANZ Platinum Rewards card that I got last year with the first year's fee waived is due for renewal in a month. Do you guys think the best option would be to cancel that card, get this Amex card and transfer the ~60k ANZ points to Velocity pts (~27k). I plan to visit LA (I will be living in Melbourne) and I was told it would take about 140k pts to get a return ticket. That means I would just have to make up 13k pts to get a return ticket? Does my math check out? Am I missing anything?

    • +1

      Be aware of this in their T&Cs:

      "Card Members who currently hold or who have previously held any other Card product offered by American Express Australia Limited in the preceding 12 month period are ineligible for this offer."

      • Does the ANZ Amex card fall under this category since it is issued by ANZ and not Amex?

        • +1

          That's a good question and hopefully someone more knowledgable than me will have an answer for you ;)

        • +1

          @dazweeja:

          If your amex card is issued by a bank (ie. ANZ, Commonwealth etc) then you ARE still eligible for AMEX deals like this one.

  • +9

    Just a tip: You can use your AmEx card to pay bills (and get reward points) for billers that accept Post Billpay. Just tie your AmEx card to your PayPal account and pay at the Post Billpay website with PayPal.

    • Damn just tried my insurance company…not listed unfortunately.

      thanks for the tip, will keep it in mind for other payments.

    • Not all billers will accept Paypal being used through Post BillPay. It's a strange one, but they obviously have higher merchant fees than MC or Visa. Energy Australia accept Amex through their website, no surcharge.

    • How do you set the primary source on Paypal to your credit card? I thought your bank had to be the primary source.

      • Not sure if you can make it your primary source, but you can change the payment source to your credit card during any PayPal transaction.

        • Yes, I do that. Thanks

  • got 4 domestic flights in the states for 5.60 each using QFF, time to scam this too

    • please explain?

      • +4

        use qantas points, pay tax only..

        miami->atlanta 8000 points+5.60
        indiana->atlanta 8000 points+5.60
        atlanta->charlotte 8000 points+5.60
        charlotte->lax 16000 points+5.60

        40000 points.. all free

        • Booked through the qantas site?

        • +1

          @anawth:
          yep, uses AA or us airways

        • indiana->atlanta 8000 points+5.60

          Ummmm….who would go to Indiana?

        • +3

          @JohnHowardsEyebrows:
          brother plays in the nba and thats where he was playing that weekend, i was there 1 night

        • +3

          @unclesnake: As soon i saw the flights you listed, i immediately thought NBA haha. Turns out i was right. Just like when we went to the US earlier this year…why did you go to Oklahoma? Ummm cos NBA :)

        • @JohnHowardsEyebrows:

          Indiana Jones? 😀

        • I'm guessing for the Hawks hey? nice!

        • @unclesnake:
          you can use qantas points on AA or US airway website?
          i always though u need to book through qantas?

        • @andy2:
          you have to use qantas web site but it uses AA or us airways for the flights.

        • @unclesnake: Pretty cool man. Is it as dull as I imagine it (the place, not the NBA of course)?

        • @JohnHowardsEyebrows:
          literally saw nothing of the place, in and out… is it a dump?

  • Any reason you'd keep this after the first year?
    Apart from the lunge entry, it seems not much better then the Platinum Edge card.

  • With transferring between family, do they have to live ar the same residence? i can't seem to find any details on the website.. Basically wanting to find out whats stopping you getting 2 brothers who dont live at your residence to sign up then after a year transfer the 100,000 points to yourself?

    • in relation to my post i have found the following in the terms and conditions

      Eligible Family Member means any person a Member can demonstrate is related to that Member in any of the ways described as follows: husband/wife/domestic partner/de facto, parent/child, brother/sister, grandparent/grandchild, son/daughter-in-law, brother/sister-in-law, father/mother-in-law, uncle/aunt, nephew/niece, first cousin, or any foster, step or adopted relationship in any of these categories.

      So to me this would mean that i could get my brother to sign up, then after 12 months transfer his points over to me, or am i reading this incorrectly

      • +1

        You can transfer points to anyone pretty much. There is no means of prooving relationship to you. i have lent my friend 90k velocity points for his trip to US. He paid me back after few months by doing family transfer through velocity.

  • I haven't got an Amex yet. Any opinions… Should I sign up for this and use it for the first year and then change to the Platinum Edge (hopefully with a deal then)? I was going to sign up to the Platinum edge but no way would I be able to rack up 100k points in a year so this is appealing.

    • Do you earn more than $35,000 a year? I think that's one of the requirements. Being a student sucks :(

      • Yeah I earn enough for this card. It was more the order of which to sign up. Looking for anyone who uses either of these cards as their go to.

        • +1

          Get the 100k points first. No brainer. Then check your spending pattern. If it's worth getting the platinum edge without the bonus get it shortly after. If not, redeem the free flight on this card, cancel, and take out the edge 12 months later.

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