AmEx Velocity Platinum Card - 50,000 Velocity Points Bonus ($349 Annual Fee & $65k+ Income)

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Rashed on 30/12/2016 - 23:34 americanexpress.com (480 clicks)
Last edited 18/03/2017 - 12:46 by 1 other user

AMEX Velocity Platinum Card 50,000 Velocity Points ($349 Annual Fee & $65k+ Annual Income). This introductory offer is available to new American Express Card Members only.

Main Features:

• Receive 50,000 bonus Velocity Points when you apply or 80,000 via referral link, after spending $1500 on your new Card within the first 3 months.

• Earn up to 3 Velocity Points per $1 spent on eligible purchases

• Complimentary Virgin Australia return domestic flight after your first Card spend each year. Please Note that, from 30th of March 2017, Amex Platinum Edge and Reserve will no longer offer complimentary flights, but instead will come with travel credits, so if you prefer the flight, this is the card for you. As this card still offer value for money return flights such as Perth to Sydney. Destination Guide

• Enjoy 2 complimentary Virgin Australia, and 2 Amex lounge invitations each anniversary year at selected airports

• Velocity points can be used to book reward flights with Virgin Australia, Delta Air Lines, Singapore Airlines (When points are transferred to Singapore Airlines Krisflyer program, it can also be used to book other Star Alliance member flights) , SilkAir and selected codeshare flights operated by Etihad Airways and Virgin America.

• Complimentary domestic and international travel insurance

• Discounted International Business Class Companion Fares

• 0% p.a. on balance transfers for the first 12 months - A one-off credit plan establishment fee of 1% applies to any balances transferred.

• Virgin Australia Domestic Reward Chart

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My referral link: http://amex.com.au/refer/xiaodydjAn (Bonus of a further 30,000 points with referral link)

You can also use any fellow OzBargainer's link from this referral system below.

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• 

  [Deactivated] on 31/12/2016 - 00:27

  -1

  That $65k requirement is weird. You can get a $400+k loan with that sort of income.

  • 

    kev98 on 31/12/2016 - 01:10

    +6

    A loan for a house maybe but not unsecured credit

• 

  ezza on 31/12/2016 - 00:35

  +4

  This has been around for ages with the same inclusions… not really a good deal compared to other credit card offers on www.finder.com.au - there are a few with $0 for first year and a bonus sum of points.

  • 

    Rashed on 31/12/2016 - 02:48

    -1

    Everybody have different requirements, wants, and needs, better to have as many choice as possible.

• 

  Thatbargainhunter on 31/12/2016 - 02:38

  Agree with the 65k requirement.

  Someone on $50k single with no kids, has way more disposable income than a sole income earner on 65k with 2 kids.

  • 

    Rashed on 31/12/2016 - 02:46

    Please note this is household gross pre-tax annual income.

• 

  Mugsy on 31/12/2016 - 07:50

  +1

  I'll bite again when they make this 100,000+ points like they have in the past (I think I got 110,000 with referral).

  Also, I think you can only get the bonus points if you haven't had an Amex Velocity in the past year if my memory serves me correctly.

  • 

    NotAMoodle on 19/02/2017 - 14:01

    110,000 - Those were the days :)

  • 

    yanman on 11/04/2017 - 15:31

    Was that 100k member points or velocity points? The Amex Explorer has 100k, 110k with referral which equates to 83k VFF.

    • 

      Mugsy on 11/04/2017 - 22:53

      Velocity points. It was an Amex Velocity card. Still haven't used those points… saving them up for a trip to Europe.

  • 

    gsxr600rr on 15/05/2017 - 20:52

    Credit is slowly but surely becoming more expensive. I don't see these free points becoming more common in the future, i see them become less common.

    The way airlines make money is by credit card companies basically paying the airline a higher $/point rate than you get it at.

    When the spread of credit becomes greater i.e the buy/sell profit credit card companies make becomes greater, they will naturally not need these incentives to compete for customers' credit.

• 

  yanman on 31/12/2016 - 09:31

  Virgin Australia Domestic Reward Chart -> Is this one-way? And does it mean the points + tax required for a flight or the points you earn?

  Destination Guide -> Does this work for anyone? I click on a start City but it won't let me select a destination.

  • 

    MrBr0 on 31/12/2016 - 09:43

    +1

    the flight is a return

  • 

    Rashed on 31/12/2016 - 15:26

    +1

    For destination guide, you need to click on the city of Departure. Say for example if you select Perth, it will show you all the cities you can travel to, from Perth.

    • 

      yanman on 31/12/2016 - 19:49

      Yep did that. The animation shows some jumps to other cities but they're not clickable - the label, the dot or any other part :/

      • 

        Rashed on 31/12/2016 - 19:57

        +1

        Amex Velocity Flights: https://s23.postimg.org/yh5ywe3i3/Amex_Velocity_Flights.png

• 

  [Deactivated] on 31/12/2016 - 10:13

  +1

  How do people afford all these credit hits on their file all the time
  I swear this place must have people earning 300k

  Starting to turn into Whirlpool

  • 

    Berek on 31/12/2016 - 12:57

    +2

    On the Internet nobody knows you're a broke dog.

    • 

      [Deactivated] on 31/12/2016 - 12:59

      haha too true

• 

  dave on 15/01/2017 - 08:41

  It says promotion only available if you haven't had an Amex in the last 18 months. Does anyone know if they check? I'm up for a new card soon and prefer velocity points then Qantas so this is ideal for me, the last Amex I had was about 12 months ago..

  • 

    Rashed on 15/01/2017 - 09:08

    +1

    Did you have an Amex issued card? If yes, which one?

    • 

      dave on 15/01/2017 - 22:09

      Yup, Amex Velocity Platinum - same as this post. Cheers!

      • 

        Rashed on 15/01/2017 - 22:19

        +2

        Card Members who currently hold or who have previously held any other Consumer Credit Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer. Better wait at least 18 months, before applying, since you had the same card you want to apply for, if you have held a card with a different reward program, then maybe (I have seen people getting sign up points without waiting), but when it is the same reward program, there is almost no chance, and it is not a risk worth taking.

      • 

        dave on 17/01/2017 - 06:54

        @Rashed: thanks for the heads up! Will wait the 18 months before applying again :)