American Express Velocity Platinum Card - 100,000 Bonus Velocity Points with $3,000 Spend in 3 Months, $440 Annual Fee

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American Express Velocity Platinum Card - 100,000 Bonus Velocity Points with $3,000 Spend in 3 Months, $440 Annual Fee
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Ljusoh on 22/01/2025 - 15:51 americanexpress.com (3622 clicks)
Last edited 02/02/2025 - 11:04 by 1 other user

Looks like they updated to match the 100k Qantas bonus.

Worth the wait.

$440 for 100,000 Velocity points.
The cost of 1 point is $0.0044

I have recently redeemed by return business class trip with Singapore Airlines through Velocity.
137,000 points for SIN-MEL return, which costs $3500-$4500 depending on when you book.
Take $4000 exchanged by 137,000, that is a value of $0.029 per point.

Cost per point: $0.0044
Value redeemed per point: $0.029

Obviously that depends on how you redeem, but generally it's worth it if used right.

Referral Links

Business Explorer Card: random (1)

Referrer: 40,000 Reward Points

Centurion Personal Charge Card: random (9)

Referee gets 200,000 MR points. Referrer gets 150,000 MR points.

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Comments

      • WastedWombat on 23/01/2025 - 16:42

        Thanks for the extra tips. I think I'll go for it. Will definitely be making use of the lounge access and comp flight. Never used my velocity points but with this bonus I may actually have enough for something.

  • dannii on 23/01/2025 - 13:06

    Does anyone know if I would be able to apply for this card if I currently have a Amex Qantas Business Rewards Card which doesn't seem to come up on my credit check.

  • Purkulator on 23/01/2025 - 21:27
    +1

    I'm tossing up between this one and the AMEX explorer which gives effectively 50k velocity points but apparently you can seek a cash refund for the flight credit so effectively the fees is 0. Which card gives better value?

    • Meovel on 01/02/2025 - 02:32

      Are you sure you can seek for cash refund?

      • Purkulator on 01/02/2025 - 10:42

        Cash as in cash credit on the statement, yes rather than voucher credit

        • Shad on 06/02/2025 - 00:08

          How can that be done?

  • bohn on 24/01/2025 - 10:23
    +1

    If I use the flight for a family member, and I am not going, can they also use the lounge?

  • Ettienne Dabuguine on 24/01/2025 - 10:59

    Does this provide free Qantas FF program?

    Do I need that to use the points?

  • supersaverdude on 24/01/2025 - 12:20

    Dam, I was hoping to refer a friend to this card but looks like they'll be better off applying without my referral link? It says my link will only give them 60k points. Does this sound right?

    • bohn on 24/01/2025 - 14:06

      sometimes referral is less than going direct, other times it's more.

    • supersaverdude on 29/01/2025 - 10:30

      My referral link has just increase to 100k points for the applicant and 30k for me. So if anyone else was also in my boat wanting to refer friends make sure you check yours!

  • dizzie131 on 24/01/2025 - 21:34

    I currently have a corporate AMEX through work… it’s a company card, but registered to me.
    Does anybody know if this excludes me from the bonus points?

  • Piska on 25/01/2025 - 04:01
    +1

    It shows me 120k velocity points

    • carey1815 on 26/01/2025 - 07:20

      As in the Offer is showing you 120k points?

      • UrMumsOnlyFan on 26/01/2025 - 08:11

        Clicking on the deal link I see:-

        Personalised Offer

        Receive 120,000 bonus Velocity Points1
        when you apply online and 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. New American Express Card Members only1

        • AlexG on 26/01/2025 - 12:06

          Got the same offer. I wonder if it’s because I used to have a David Jones AMEX and when AMEX ended their relationship with DJs I cancelled the card.

          • UrMumsOnlyFan on 26/01/2025 - 12:17

            @AlexG: Very unlikely for there to be any actual personalisation, probably just randomised … for whatever dumb purpose that serves.

            Previous example - AmEx Explorer: 100,000 Membership Rewards Points (with $4000 Spend in 3 Months) & $400 Travel Credit, $395 Annual Fee

            Sometimes the offer shows 50,000, you have to try a few times for the 100,000 offer to appear.

            • WastedWombat on 26/01/2025 - 15:56

              @UrMumsOnlyFan: I'm now seeing 120,000 points as well when I click the link.
              I literally just applied and got accepted this week for 100k - haven't even received my card yet.

              Is it a thing for Amex to give you the new offer if already accepted? Maybe through the chat?

              • UrMumsOnlyFan on 26/01/2025 - 16:53

                @WastedWombat: I don't recall reading any comments about people trying that.

                I imagine the odds are pretty low, but it can't hurt to ask the question.

              • Barnlord on 28/01/2025 - 15:59

                @WastedWombat: I signed up 2 weeks ago when the offer was only 60,000 points. Both live chat, call centre and supervisor rejected my request to receive the new offer.

                • WastedWombat on 29/01/2025 - 00:19

                  @Barnlord: That sucks to hear. I ended up calling their support line who said they weren’t able to see it in the 120k points but saw that I was approved for 100k. But they gave me their personal email to send through the screenshots and said they’ll look into it.

                  Fingers crossed. I’ll report back when I hear

                  • WastedWombat on 04/02/2025 - 09:36
                    +1

                    @WastedWombat: Came back to reply that after speaking with AmEx support - I received a callback around a week later and they are crediting my account with the extra 20k from the personal offer!

                    Should be added to the account with the next statement.

  • Purkulator on 26/01/2025 - 21:41

    So is it unlimited virgin lounge entry as long as I have a virgin domestic flight?

  • chintu123 on 26/01/2025 - 22:19
    +1

    It is saying "Receive 120,000 bonus Velocity Points when you apply online and 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. New American Express Card Members only1" for me.

    Am I missing something or the bonus has gone up to 120k?

  • Shad on 28/01/2025 - 23:50

    Not sure if the bonus has gone up, I too see 120k as bonus, applied n approved, waiting for card

  • alvchan on 29/01/2025 - 14:46

    Has anyone had experience signing up to this card as a retiree, with a steady income from super and fixed income pension?

    Looking to get this for parents to take advantage of the points. While they are not employed, they have sufficient coverage of the monthly spend from the super/pension so wondering how Amex will view this in their assessment?

  • TheKas on 30/01/2025 - 10:10

    If I book for my family of 4 Virgin domestic flights with this card, will all of them be allowed into the lounge?

  • MadMaxBargainRoad on 30/01/2025 - 18:17

    Has anyone successfully got a pro rata refund for its annual fee? $440 is quite a bit to swallow

  • gembel on 31/01/2025 - 09:56

    Looks like the bonus has gone back down to 100k. Not seeing the 120k anymore.
    Anyone can still see the 120k bonus?

    • Mickimoo on 31/01/2025 - 10:22

      Appears to be still there for myself.

    • UrMumsOnlyFan on 31/01/2025 - 13:56

      I still see 120.

    • desktopzero on 31/01/2025 - 16:14

      I think it’s randomised, I didn’t see it yesterday but refreshed this morning and it showed up.

    • sarakoth on 06/02/2025 - 15:33

      Yeah I only ever see 100K.. have clicked the link 4 or 5 times over the last week.. weird some are getting 120k

  • TheKas on 31/01/2025 - 11:11

    Do we get a pro rata refund of the annual fee if we cancel the card within the year?

  • Purkulator on 31/01/2025 - 16:02

    Would this card be better than the business velocity amex with 170k bonus $220 annual fee, 2 lounge passes?

    https://www.americanexpress.com/en-au/credit-cards/velocity-…

    • Drakesy on 02/02/2025 - 13:46

      That's for business operators. Different market, yes it is a better card though.

      • Purkulator on 03/02/2025 - 00:23

        Its basically $200 less annual fee but you don't get the complimentary flight. Both have unlimited lounge passes with virgin flight. But business card has gold status with more perks. Complimentary flight can be valued to around $600 if you can do a PER-MEL/SYD flight round trip. Depends what you value more?

        • Drakesy on 03/02/2025 - 09:34

          I think the fact you need an abn and business that turns over $x rules out a lot of people.

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