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American Express Velocity Escape Card - 12,500 Velocity Points + $0 Annual Fee for Life

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American Express Velocity Escape Card - 12,500 Velocity Points + $0 Annual Fee for Life
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Store Repfindercomau on 05/03/2018 - 11:10 finder.com.au (686 clicks)
Last edited 05/03/2018 - 12:15

Hey all!

Just sharing another exclusive credit card deal, this time for the American Express Velocity Escape Card which usually doesn’t offer any bonus points.

Note that to get this deal you must click through from the finder.com.au deal link.

Core features of this card

  • 12,500 bonus Velocity points when you spend $750 within 3 months of card activation (enough points to fly Syd to Melb in Premium Economy)
  • Purchase rate of 20.74% p.a.
  • $0 annual fee for life
  • Earn 2 Velocity Points per $1 spent with Virgin Australia
  • Earn 1 Velocity Point per $1 spent everywhere else
  • No points cap
  • Balance transfer offer of 0% p.a. for 12 months with 1% balance transfer fee (note: balance transfer limit is 70% of approved credit limit) - reverts to purchase rate of 20.74% p.a.

Eligibility criteria

  • Must be over 18 years of age
  • Must earn at least $40,000 per year
  • Must be an Australian citizen or permanent resident or hold a current Business Long Stay Visa (subclass 457)
  • Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer.
Financial American Express Credit Card

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closed Comments

  • faze on 05/03/2018 - 11:11
    +5

    Probably not worth it to get this card and exclude yourself from any Amex bonus point promotions for the next 18 months for just 12500 velocity points

    • Homr on 05/03/2018 - 11:27
      +3

      But this card is free fee for life. So its a free credit card with rewards points for life!!

      • ESEMCE on 05/03/2018 - 11:57
        -5

        It's not Interest Free I'm guessing… So you'll be paying Interest on everything you buy until you pay it down.

        • frente69 on 05/03/2018 - 12:11
          +8

          Like any credit card, if you pay the bill before the due date then you don't pay any interest. I don't see how people don't get this.

          If you can't afford to pay the bill at the end of the month, you should probably consider not having a credit card. Don't spend money you don't have.

          It's not about if you're rich or poor, it's about not racking up debt that you can't afford pay off.

        • Homr on 05/03/2018 - 12:33
          +3

          @frente69: ^^ditto

          I don't know anyone who chooses a particular credit card based on how low the interest rate is. You're better off getting a personal loan instead!

        • ESEMCE on 05/03/2018 - 12:37
          -2

          @frente69:
          Is it like any card?
          I knw there are some cards that include an Interest Free Period, but not all to my knowledge. Happy to stand corrected though. I am no expert on this.

          FYI having followed the link this offer has up to 55 days interest free…

        • Homr on 05/03/2018 - 12:46
          +2

          @scubacoles: All credit cards have interest free days. I don't know any credit cards that charges interest straight after purchase?

        • mrtin on 05/03/2018 - 13:39

          @Homr:
          i do believe there cards with no interest free days(at least when i was at the bank) but cant remember which one… but yes most do have interest free days.

      • t0087669 on 05/03/2018 - 12:51

        Isn't this card always Without annual fee?

    • Mugsy on 05/03/2018 - 13:41

      Was my first thought.

      There are better no annual fee credit cards out there more widely accepted than amex and the 100k points deals from Amex velocity offers more points for my money.

      I'd gladly pay the $400 annual fee for the 87500 point difference, than to spend the $80k+ using this Amex card to get the same number of points.

  • sigma on 05/03/2018 - 11:36

    Can we use this card with all Amex cashback promos?

    • MrBr0 on 05/03/2018 - 12:44

      yes

  • ESEMCE on 05/03/2018 - 11:57
    +1

    What's the Interest Rate?

    • Store Repfindercomau @ Finder on 05/03/2018 - 12:16

      D'oh - added that to the top, it's a purchase rate of 20.74% p.a.

      Thanks for the flag!

  • Gandalf the Thrifty on 05/03/2018 - 12:44

    So if we had bank issued Amex in last 18mths the offer applies?

    • nightelves on 05/03/2018 - 12:46
      +1

      Yes.

    • shake on 06/03/2018 - 01:03

      I have same question but would like the OP to answer this directly.

      OP - could you confirm please?

  • MitchyD1989 on 05/03/2018 - 13:19

    Nice, been looking for a Velocity credit card. signed up and approved :) Thanks!

  • phxsun on 05/03/2018 - 14:40
    +1

    I'm holding off for the next 100k point deal. I'm about 2 months away from being 18 months removed :D !

  • hd2002 on 05/03/2018 - 17:06
    The bonus points offer is for new customer only!

    he Exclusive Finder Offer of 12,500 bonus Velocity Points is only available to new American Express Card Members who apply online by 13 March 2018 through the Finder website.

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