American Express Velocity Platinum Card - 60,000 Bonus Velocity Points with $3,000 Spend in 3 Months, $440 Annual Fee

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American Express Velocity Platinum Card - 60,000 Bonus Velocity Points with $3,000 Spend in 3 Months, $440 Annual Fee
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just-human on 06/11/2024 - 21:40 americanexpress.com (431 clicks)
Last edited 06/11/2024 - 21:42

So American Express have launched this offer along with its refreshed card benefits. The key changes includes unlimited Virgin Australia lounge access when flying with Virgin Australia as the Primary Cardholder. This can be good for people who will lose Gold status as part of the upcoming changes, however, it does not include unlimited guest access (you will have two guest passes a year). The requirement to get status credits has been split into two parts so people who don't quite meet the 50k spend can now get something.

Considering the VA Lounge pass is $450 a year this wouldn't be bad for a solo traveller who doesn't have status.

• 60k Velocity Points when you apply online by 21 January 2025, are approved, and spend $3,000 on eligible purchases on your new American Express Velocity Platinum Card within the first 3 months. T&Cs apply. Available to new American Express Card Members only.
• $440 (Up from $375).
• Earn up to 1.25 Velocity points per dollar spent.
• Complimentary Virgin Australia return domestic flight each year.
• 50 status credits for first $25k spent and another 50 for next $25k spent.
• Complimentary Virgin Australia lounge access when flying with Virgin Australia as the Primary Cardholder
• Two complimentary Virgin Australia lounge passes for guests each year.
• Complimentary travel insurance.
• Offer not available if you have held an American Express-issued card in the past 18 months.

Note: Registration is required to get unlimited lounge access so please remember to register.

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.

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Comments

  • GoIdDigger on 06/11/2024 - 21:44
    +13

    I got 130,000 (100k + 30k bonus) velocity points for this around 9 months ago. Not to mention the virgin lounge in Sydney can be a worse option than the food court if it’s peak hour.

    • just-human on 06/11/2024 - 21:46

      Yes, I signed up for the 120k bonus offer but there's no guarantee that it will come again given the declining state of card offers (I'm looking at you NAB for acquiring all the competition).

      This card will be good for those looking to get status now that the Velocity changes are in place or get lounge access.

      • GoIdDigger on 06/11/2024 - 21:55

        Yeah I hear ya. Just a shame to see it get this bad, especially with a hefty annual fee

  • xiaozaocha on 06/11/2024 - 21:58
    +1

    NAB 60000POINTS $1000spending and $95 fee

    • just-human on 06/11/2024 - 21:58
      +1

      The selling point here isn't necessarily the points. It's the lounge access and status credits for $440 which isn't bad considering the upcoming changes to Velocity.

      • dahax77 on 06/11/2024 - 22:03
        +2

        Have you been in a Virgin Lounge lately?

        • just-human on 06/11/2024 - 22:06

          Yes, the mornings have been quite busy but overall I can't say it's bad. Considering I haven't paid it's better than sitting in the crowded food court in Sydney.

        • mbck on 06/11/2024 - 22:07

          How are they?

          • Sim69 on 07/11/2024 - 01:58

            @mbck: imo they are okay. Better than Qantas clubs but not as good as Qantas business lounges.

        • Drakesy on 07/11/2024 - 16:37

          Yeah, it's pretty dire.

          IMHO though Qantas Club < Virgin Lounge < Qantas Business Lounge.

      • keji on 07/11/2024 - 07:26

        Selling point is the points because if you're an existing cardholder, then the bonus points aren't redeemable.

    • Blokeinhisundies on 06/11/2024 - 22:17

      Yeah, for churners NAB is a much better option. Even if you fly frequently I can't see the value in the lounge access as you should pretty quickly make it to Gold which gives you that anyway.

      Can't see this card being attractive unless you have churned everything else available. Even then, I think the annual fee makes it unattractive. HODL!

      • just-human on 06/11/2024 - 22:42

        Yes, but now Gold status will be a LOT harder to obtain for many flyers when the changes come into effect.

  • xeriah on 06/11/2024 - 23:21

    does the lounge access apply to current holders?

    • just-human on 06/11/2024 - 23:27
      +2

      Yes, I believe it does because they have updated the benefits page for existing cardholders. Do keep in mind that existing cardholders will lose the Centurion Lounge access on 24 April 2025 so we do lose something.

      • z28 on 07/11/2024 - 11:38
        +1

        Question about existing card holder: once registered, does the $3000/3 months spend need to be made or not ?

        • just-human on 07/11/2024 - 11:53

          Not sure, but my understanding is one purchase needs to be made after registration. Don’t quote me though I’m not AMEX :).

  • mrpickle on 07/11/2024 - 02:08

    How do you register for the unlimited lounge access? Can't find it anywhere (I'm an existing card holder so wondering if this only applies once mine renews???)

    • Rifty6210 on 07/11/2024 - 07:52
      +3

      Click on the benefits link which @just-human linked above. You will find the “Enrol VA Lounge Access” button under the Airport Lounge Access tab.

  • barseeker on 07/11/2024 - 07:58

    What is amex going to do with existing escape card holders since its no longer available to apply for? Hope they upgrade it to a gold card

  • Hinee on 07/11/2024 - 09:10
    +1

    $3,000 minimum credit limit is worth mentioning.

  • a1234my on 07/11/2024 - 09:16

    Also lost the centurion lounge if you traveling to airport that have one.

    • Oldmate88 on 07/11/2024 - 10:25

      Are you sure about that? I can't see this card listed on the website for centurion access

      • a1234my on 07/11/2024 - 10:58

        Is not in this new offer.
        Not sure will it be remove for old card.
        Checked with chat that the old card still have access.

  • barseeker on 07/11/2024 - 12:07

    Is it worth changing from Platinum reserve to this card since they are going to increase my annual fee from $300 to 400 soon?

  • Oldmate88 on 07/11/2024 - 18:10

    I've just lost Gold status, so keen to kind any card that would get my lounge access (plus wife +2yr old kid)

  • kanade on 07/11/2024 - 20:51

    I was waiting to see if the benefits from the refresh would outweigh the current benefits from Explorer card though, the new changes/offers doesn't look enticing.

  • jusoh on 08/11/2024 - 11:18

    Anyone knows anything about referrals?

    • Jayphen on 06/12/2024 - 17:24

      It should be 60,000 points for the referee, 20,000 for the referrer. However, for some reason adding a Velocity Platinum referral code is not possible here on Ozbargain

      • bk1973 on 08/12/2024 - 02:30

        There used to be a Velocity Platinum referral on here, but it was removed when AMEX paused new applications for the card for several months while doing their “makeover”.

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