American Express Velocity Business Card: 150,000 Bonus Velocity Points with $3,000 Spend within 2 Months via Referral

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WoodYouLikeSomeCash on 21/05/2024 - 13:59 americanexpress.com (417 clicks)
Last edited 10/10/2024 - 10:51 by 1 other user

Referral required to get the 150,000 points offer.

Welcome Bonus: 150,000 bonus Velocity Points
Earn 150,000 bonus Velocity Points when you apply by 8 October 2024 via this page, are approved and spend $3,000 on eligible purchases in the first two months from Card approval date. Plus, if you join the Virgin Australia Business Flyer program within 2 months of Card approval, you will jump direct to Tier 2 and receive a complimentary 12-month Velocity Frequent Flyer Gold Membership if you meet the eligibility and minimum spend criteria. Both offers are available for new American Express Card Members only. T&Cs apply.

The card has an annual fee of $249.

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  nicolascage on 21/05/2024 - 14:11

  how do business cc's work? is an ABN sufficient?

  • 

    WoodYouLikeSomeCash on 21/05/2024 - 14:12

    +1

    Yes, minimum $75,000 turnover (not profit). Gotta be a company however.

    • 

      supermart on 21/05/2024 - 14:15

      +1

      and gst registered and must apply using the Velocity Business card referral link

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  Rav1 on 21/05/2024 - 14:24

  Guys I am new to credit card..i have never used credit card in my life..just wondering what does 150,000 velocity points means.. What can you do with those points?

  • 

    WoodYouLikeSomeCash on 21/05/2024 - 14:25

    +1

    Velocity is used for Virgin flights, hotels etc. You may find this article helpful.

  • 

    nicolascage on 21/05/2024 - 14:52

    +1

    they're used primarily to redeem flight tickets.

    There are different reward programs, velocity is mainly used to redeem flights for virgin flights. There's Qantas points, Kris Flyer miles for Singapore Air (SQ), and others. If you keep reading about these deals you'll come across reward programs in the comments, different airlines have their own but some airlines belong to a group where you can transfer points between rewards programs. so for example I can transfer velocity to kris flyer miles but it's not 1:1, it's more like 1.5(Velocity):1(Kris).

    choose a airline/program where you think you'll fly the most. for me it's with Singapore Air, and I stack velocity points and transfer to my kris flyer account. the benefit of this is I did notice recently with velocity, it's easier to redeem points through shopping, there's plenty of retailers through the velocity e-store where you can earn extra points - like shopping at Coles to get flybuys or Woolworths to get everyday reward points. and Coles allows you to transfer to velocity as well.

    bank's also have their own reward programs, and with these you can transfer to supported frequent flyer programs or get cashback, so do your reading, when you sign up to the cc, visit their reward program site and see what is available.

    other CCs offer a straight up cash back.

    google 'point hacks' for further info and promotions.

    and finally don't sign up to multiple ccs at the same bank, more often than not you won't receive the bonus points because there's a wait period between when you closed the last cc to signing up for a new one at the same bank.

    • 

      Rav1 on 21/05/2024 - 23:20

      Wooh thank you so much Nicolascage for this..I have understood which direction to go now and choose this properly..i wish I knew this Atleast 10yrs back.. Have not earned all this extra points which I could have..as my yearly expense is like 70k to 100k average..and just today I spend like 3.5k and bought a TV but have not earned any points..anyways time to figure this out quickly and not waste any dollar and earn points.. Cheers

      • 

        nicolascage on 30/05/2024 - 12:49

        yeah I'm still relatively new to this, the next step is to understand the lounges landscape. but for now it's stacking as many rewards points or getting Cashback as you can whenever you spend a dollar.

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  payless69 on 21/05/2024 - 15:51

  Can usernames be deceptive?

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  Killua27 on 21/05/2024 - 21:25

  If I’ve had a Qantas Amex within the last 18 months can I apply for this?

  • 

    WoodYouLikeSomeCash on 21/05/2024 - 21:27

    Card Members who currently hold or who have previously held any other Card product issued by American Express Australia Limited in the preceding 18-month period are ineligible for this offer.

    • 

      Killua27 on 21/05/2024 - 22:14

      thanks, got a few months to wait then.

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  zerokas on 21/05/2024 - 23:26

  +1

  This card also comes with 2 complimentary lounge passes every year. With gold you can take a + 1 already, but they come in handy when travelling with a group or family.

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  Azro on 27/09/2024 - 20:32

  Can I use a business card for personal purchases? Like buying groceries and similar everyday use?

  In the application form there are two questions:
  Gross Annual Business Revenue
  Gross Annual Personal Income

  If I am a sole trader and all my income comes from my business, how do I answer? Put "personal" as nil or copy it from "business"?

  • 

    WoodYouLikeSomeCash on 27/09/2024 - 20:34

    Can I use a business card for personal purchases? Like buying groceries and similar everyday use?

    Yes, Amex allows this.

    If I am a sole trader and all my income comes from my business, how do I answer? Put "personal" as nil or copy it from "business"?

    Put it in the Business section. Personal relates to thinks like share dividends/profits as well as rental income, etc.