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AmEx Velocity Business Card: 200,000 Velocity Points & 12 Months of Velocity Gold with $5000 Spend in 2 Months, $249 Annual Fee

280

Card includes travel insurance.

When you apply by 15 May 2024, are approved and spend $5,000 on eligible purchases on your new American Express® Velocity Business Card within 2 months of your approval date.

Plus join the Virgin Australia Business Flyer program to jump direct to Tier 2 and receive a complimentary 12-month Velocity Frequent Flyer Gold Membership if you meet the eligibility and minimum spend criteria19. T&C’s apply. Both offers are available for new American Express Card Members only.

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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Velocity Frequent Flyer
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closed Comments

  • +2

    Does anybody have any reviews on the complimentary travel insurance? Is it comprehensive?

  • +3

    200k points + gold status seems very generous for only $249 annual fee seems very generous. thanks for sharing

    • yeh the gold is super handy

  • +1

    Its a business card. Will they ask us to prove out turnovers?

    • +3

      To apply for an American Express Velocity Business Card you need to:
      Be aged 18 years or over
      Be an Australian citizen or permanent resident
      Be a Director or Controller of the business
      Have a good credit history and no payment defaults
      Have an annual business revenue of $75,000 or more
      Have a valid ABN registered for GST

      Information to have ready:
      Your personal income and your business revenue
      Your driver’s licence (if you have one)
      The details of your business’ ownership as it appears on ASIC (for the Director and/or Beneficial Owner)

      So, yes

  • +2

    Can a business card like this be used to service everyday expenses? Or must they be business related expenses?

    • Great question actually… I filled in the form until a statement that the card only can be used for business expenses n investment (except real estate). I decided not to continue since I don't think we spend more than 5K in 2 months. Having said that, how would they know if the transactions are biz or not.

  • So if you have a personal Amex card already, can you get the business Amex card for sign up bonus?

    • Im interested in this

    • No

    • +1

      I received mine today and called. They confirmed that I was eligible for the points bonus but I think it was because I’d been a customer for almost 20 years.

  • Sounds like i have to start a business…

    • And gross $75k annually

      • -1

        Hedge fund it is.

  • Can someone share referral link for "American Express Platinum Business Card" .

    • Done
      Sent dm

  • My last Amex business card they didn't even ask for proof of turnover. I think if you have history with them they are extremely relaxed on approvals.

  • +1

    Applied for this without supplying financials.
    Simply stated my turnover.
    Card was approved in under 5 minutes.

  • Anyone applying for this offer, make sure you club it with this offer of an additional 30K points or 200 status credits.
    https://www.ozbargain.com.au/node/830988

  • Has anyone had an experience where if you apply for Amex card after cancelling a previous one 6 months ago, you still got the bonus?
    Or are they pretty stringent

  • +1

    finally got the card, didnt need to supply financials either

    • After submitting the form, does it instantly approve or says it’s being processed ?

      • They had issues with id verification so they called us a few times. The bonus points show up as soon as you spend over the minimum.

        • How long would you say after the last call made you got the approval?
          They also just called me to confirm ID.

  • +1

    Received my 200k velocity to my personal velocity account. Easy.

    • I am wondering if ATO payment will count towards eligible transactions to meet the criteria? It isn't mentioned in exclusion. Wondering if you know?

    • In how much time?

  • Has anyone got their account upgraded to gold? If yes, how long it took after meeting the spending criteria?

    • Took me 5 weeks from after hitting point spend (with lots of emails and barely any replies). The gold benefit gives you up to 12 mths to allocate to a velocity member, which is handy as don't intend to use it immediately.

      • So we need to talk to chat/support and tell them to assign the gold membership? What about the pilot gold as well?

        • Just been on chat with AMEX, 1st rep linked me the card benefit page and said here it is…
          2nd rep tells me to ask Velocity for gold since they have access to it….
          I remember a time AMEX used to have good CS

        • +1

          You have to email velocity business - [email protected], I didn't talk to amex CS as I figured it's out of their hands now

          • @oldmate78: Did you apply for the business account about the same time or did you already have one?

        • +1

          Yeah, need to sign up to velocity business (I did this just after hitting my initial spend) and link your velocity personal. Then multiple emails sent to velocity business team for the business account to be jumped to tier 2. Once on tier 2, you get the ability to allocate velocity gold onto any linked personal velocity accounts (which I have 12mths to do, haven't allocated it yet).

          • @oldmate78: Awesome thanks for the info, very handy. I applied for my business account ~1.5 weeks ago but haven't heard anything from them, so sent a follow up email yesterday. What was your time frame from applying to creation? Also applied for the wife's business account yesterday. Have already hit both spends though so time is of the essence!

          • @oldmate78: Got my business account and talking to VFF Business email. They are asking for the campaign or promotion but the AMEX website no longer lists the 12m gold benefit. What did you give them to show this deal?

        • They didn't ask me, but also the site was still up when I was emailing them.

  • Can you apply this via ABN only?

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