Offer ends: 19 Jan 2027
FIND OUT MORE & APPLY
Point Hacks may receive a commission from the card issuer for each applicant of this card More about this.
Card Overview
Earn 120,000 bonus Velocity Points¹ when you apply by 19 January 2027, are approved and spend $6,000 on eligible purchases on your new American Express® Velocity Business Card within 3 months of your approval date. T&Cs apply. Only available to new Card Members who have not held any American Express® Card within the last 18 months.
Key Attributes
Earn
Velocity Points per $1
2 Points
on eligible Virgin Australia purchases⁵
1 Point
on everyday purchases, except for government bodies⁶
0.5 Points
on government spend⁶
Travel Benefits
Travel Insurance
Complimentary Travel Insurance⁸ when you use the Card to pay for your return trip (PDS)
Virgin Australia Lounge
Two complimentary single-entry passes to the Virgin Australia Lounge⁷
Flight Discounts
As a Virgin Australia Business Flyer Member, save up to 6% on great value fares on eligible flights, when booked via the Booking Portal⁵
Bonus Minimum Spend
$6,000
on eligible purchases within 3 months of the Card approval date.
Annual Fee
$249 p.a.
Points Cap
No
ATO Points
Yes
Overseas Transaction Fee
3.5%
of the converted amount
Interest-free period
Up to 51 days
Why Choose This Card
The American Express Velocity Business Card is designed for business owners who want to turn everyday spending into Velocity Points while keeping control over expenses simple. You’ll earn points on every eligible purchase, with higher rates when spending with Virgin Australia, and all points automatically credited to your Velocity account each month for easy redemption on flights, upgrades and rewards. Up to 99 Employee Cards² can be added, helping consolidate business expenditure and grow your Velocity balance faster across your team.
Travel perks include two complimentary Virgin Australia Lounge passes each year, along with travel insurance that covers both domestic and international trips when they’re booked on the card.
Operating as a charge card, it provides flexible spending power³ with no pre-set limit and up to 51 days to pay, helping you manage cash flow more effectively. Combined with the opportunity to earn a substantial welcome bonus and no cap on point earning, it’s a strong option for businesses seeking both rewards and control in their day-to-day operations.
This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.
Where could 120,000 Velocity Points take you?
You could redeem them for the following:
Sleep your way to Doha
Fly one-way from Australia’s East Coast to Doha in Qatar Airways Qsuite for 119,500 Velocity Points (redemption value calculated on 19 October 2026). Taxes and carrier charges apply**.
Perth to Istanbul, in style
Fly one-way from Perth to Istanbul (via Doha) in Qatar Airways Business Class for 119,500 Velocity Points (redemption value calculated on 19 October 2026). Taxes and carrier charges apply**.
Extra Benefits
Complimentary Insurance
Medical Emergency Expenses Cover, Business Trip Completion Cover, Trip Cancellation and Amendment Cover and Personal Liability Cover⁸ (PDS)
Virgin Australia Business Flyer
Your Business can save on business travel while earning Velocity Points for both the Business and individual travellers when flying⁹
Mobile Wallet
Apple Pay, Google Wallet and Samsung Pay
Charge Card
Access a line of unsecured funding with flexible spending power³
The American Express Velocity Business Card is offering 120,000 bonus Velocity Points1 for New American Express Card Members who apply by 19 January 2027, are approved and spend $6,000 or more on eligible purchases on your new card within the first 3 months of the approval date¹. T&Cs apply. Only available to new Card Members who have not held any American Express® Card within the last 18 months.
The Card can benefit small businesses who travel frequently with Virgin Australia or any of its partner airlines. It offers 1 Velocity Point per $ spent on most purchases, automatic transfer of Points earned each month to Velocity Frequent Flyer, plus Travel Insurance along with Travel Inconvenience Cover.
The Card also attempts to simplify the monitoring of business expenditures with integrations into various accounting packages.
Earning Points
The American Express Velocity Business Card has the following variable earn rate structure:
- 2 Velocity Points per $1 spent for purchases with Virgin Australia
- 1 Velocity Point per $1 spent on Card purchases, except those listed in 0.5 Points category
- 0.5 Velocity Point per $1 spent on utilities, insurance providers (with the exception of American Express) and government bodies
Virgin Australia purchases will only attract the 2 Velocity Points per $1 for purchases made in Australia, that is, for purchases that are transacted in Australian Dollars.
For example, a purchase of a return Sydney to Los Angeles airfare through the Australian version of the Virgin Australia website would attract the 2 Velocity Points, however, a return Los Angeles to Sydney flight purchased through the US version of the site (and billed in USD) would not.
Card Details
| Card | American Express Business Velocity Card |
| Loyalty program | Velocity Frequent Flyer |
| Points earned from spend | 1 Velocity Point earned per $1 on all eligible spend except for government bodies 2 Velocity Points per $1 spent on selected Virgin Australia purchases 0.5 Velocity Points per $1 on Government spend |
| Points cap | None |
| Earns Points at ATO | Yes (reduced earn rate of 0.5 Point/$) |
| Travel benefits | Each year: 2x Virgin Australia lounge passes |
| Included insurances | Medical Emergency Expenses Cover Business Trip Completion Cover Trip Cancellation and Amendment Cover Personal Liability Cover (PDS) |
| Overseas transaction fee | 3.5% of the converted amount |
| Mobile wallet | Apple Pay, Google Pay and Samsung Pay |
| Minimum income requirement | Annual business revenue of $75,000 or more |
| Annual fee | $249 p.a. |
Virgin Australia Business Flyer program
Card Members will also be automatically enrolled into the Virgin Australia Business Flyer program9. Your Business can save on business travel while earning Velocity Points for both the Business and individual travellers when flying. As a Virgin Australia Business Flyer member:
- Access discounts of up to 6%-10% off eligible flights4
- Earn Velocity Points for your Business in the air and on the ground
Complimentary Insurance
Complimentary Domestic and Overseas Travel Insurance comes as a feature of the Card, providing both the Card Member and any additional Card Members with cover when you use the Card to pay for the return trip.
The Card also comes with Travel Inconvenience Cover, providing coverage for flight delays, missed connections or delayed luggage, and Travel Accident Cover, where up to $20,000 of outstanding charges will be waived when the Card Member finds themselves in a serious accident while travelling for business.
Full terms and conditions for this insurance can be found here Insurance Terms and Conditions – American Express Velocity Business Card.
This guide references some of the benefits of insurance policies provided with this Card. You should read the PDS and obtain independent professional advice before obtaining this product.
Complimentary Virgin Australia Lounge Entry
Two complimentary single entry passes to the Virgin Australia lounge are on offer every year, allowing Card Members to experience the amenities available in Virgin Australia branded lounges within Australia.
For a more about the benefits of lounge access, take a look at our guide to Virgin Australia lounges →.
Keeping track of Business Spending
To assist with keeping track of the business’s financial performance and spending, the American Express Velocity Business Card allows for statements and transaction details to be downloaded and balances to be viewed using Quicken, MYOB or Microsoft Excel.
This is a Charge Card
An important point to note is that this Card is a Charge card, meaning that the balance of the Card must be paid in full every month.
Unless American Express tell you otherwise, your American Express Charge Card comes with flexible spending power, also known as no-pre-set spending limit. This means that the amount you can spend is dynamic and can adapt based on your transaction patterns, your businesses credit rating and other factors. The way you use your Card can help your spending power grow, particularly in the first few months. To help maximise your spending power, you can make regular transactions and don’t miss any payments.
Mobile wallet integration
American Express Cards work with Apple Pay®, Google Wallet™ and Samsung Pay, meaning you can use this card on your smartphone for easier payments.
Read the Point Hacks guide to using Apple Pay or for using Google Wallet and Samsung Pay, including instructions on how to add your American Express card to those services.
With this feature set up, it means you could still use your NFC-enabled phone to make purchases with your American Express account, even if your physical card is lost or stolen and pending replacement.
Summing Up – American Express Velocity Business Card
With a moderate annual fee, the Card provides many small business and travel friendly features, such as complimentary Travel Insurance, Travel Inconvenience Cover and Transport Accident Cover and the ability to easily monitor business transactions.
Small businesses can earn meaningful travel rewards through a generous earn rate on Virgin Australia purchases, and if travel rewards aren’t the preferred redemption option, the ability to redeem for a large variety of redemption options.
Ultimately the American Express Velocity Business Card could be viewed alongside the consumer-centric offering from American Express, the Velocity Platinum. This has a higher annual fee but offers a number of additional categories of spend with bonus Points, and a free domestic Virgin Australia flight each year, which for some people may work better to earn you more Velocity Points and offer greater value.
You’ll have to weigh up whether the business specific features of the Velocity Business Card are more important than the benefits of the Velocity Platinum.
Eligibility Criteria
These are the minimum requirements to be eligible to apply for this Card. Other additional eligibility criteria, such as proof of income, will generally be required later on.
-
Be aged 18 years or over
-
Be an Australian citizen, permanent resident, or hold a long-term visa
-
Have a good credit history and no payment defaults
-
Annual business revenue of $75,000 or more
-
To be eligible for the bonus offer, you must not hold, or have held, any American Express Card issued in Australia in the past 18 months
Frequently Asked Questions
Can additional cardholders be added and do their spends earn points?
You can add up to 99 employee cards², with a fee of $99 per annum per card.
Does this card include travel insurance?
Yes, complimentary insurance cover⁸ is available when you pay for your trip with the card, including baggage, delay and accident insurance.
What lounge access benefits are included?
You’ll get 2 complimentary lounge passes⁷ for use in Virgin Australia Domestic Lounges. If you find you’re flying Virgin Australia often, the card also provides a discount on Virgin Australia lounge memberships.
Who is eligible for the bonus Velocity points on this card?
New Card Members only (those who haven’t held any Amex card issued by American Express Australia in the past 18 months) and who meet the minimum spend requirement.
What's the difference between a credit card and a charge card?
A charge card must be paid off in full at the end of every statement period. The AMEX Velocity Business Card is a charge card.
Terms and Conditions
American Express approval criteria applies. Subject to Terms and Conditions. Fees and charges apply. All information is correct as at 28 October 2026 and is subject to change. This offer is only available to those who reside in Australia. Cards are offered, issued and administered by American Express Australia Limited (ABN 92 108 952 085). ®Registered Trademark of American Express Company.
1. Bonus & Eligibility
120,000 bonus Velocity Points: Offer only available to new American Express Card Members who apply by 19 January 2027, are approved and spend $6,000 on eligible purchases on their new Card in the first three (3) months from the Card approval date. Eligible purchases do not include Card fees and charges, for example annual fees, interest, late payment, cash advances, balance transfers, traveller’s cheques, and foreign currency conversion. Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the past 18 months are ineligible for this offer. 120,000 bonus Velocity Points will be awarded to the eligible Card Member’s Account 8-10 weeks after the spend criteria has been met. Velocity membership and Points earn and redemption are subject to the American Express Velocity Business Card Points Terms and Conditions as amended from time to time. $249 Annual Card Fee applies. This advertised offer is not applicable or valid in conjunction with any other advertised or promotional offer. Information correct as at 28 October 2026.
2. Employee Cards
Employee Card Members must be over 18 years of age. The Business and the Primary Card Member are jointly and severally liable for all Employee Card spending. Each employee is entitled to only one (1) Employee Card.
3. Flexible Spending Power
Unless we tell you otherwise, your American Express Charge Card comes with flexible spending power, also known as no-pre-set spending limit. This means that the amount you can spend is dynamic and can adapt based on your transaction patterns, your Business’ credit rating, and other factors. The way you use your Card can help your spending power grow, particularly in the first few months. To help maximise your spending power, make regular transactions and don’t miss any payments.
4. Extend your cash flow by up to 51 days
Depending upon when you make a purchase, when your statement is issued and whether or not you are carrying forward a balance on your Account from your previous statement period. If you pay by direct debit, your payment will be processed 10 days after your statement is issued.
5. Velocity Points
Velocity Points are earned in accordance with and subject to the Velocity American Express Cards Points Terms and Conditions, and exclusions apply. Eligible purchases do not include cash advances and fees and charges for foreign currencies. These do not earn Velocity Points. For the full list of exclusions, please refer to the Velocity American Express Card Points Terms and Conditions available here. The earn rate of 2 Velocity Points per $1 spent on Virgin Australia only applies to purchases made in Australia.
6. Earning Points
You will earn 0.5 points per $1 spent at participating merchants classified as ‘government’ including the Australian Taxation Office, the Australian Postal Corporation, federal/state and local government bodies. Industry specific earn rates may apply when you use a payment account, payment aggregator, services of a third party or online retailers that sell goods for another merchant. For example a payment made to Local Government bodies processed through a payment aggregator may earn rates at the government earn rate.
7. Virgin Australia Lounge Access
Virgin Australia Guest Lounge Passes are subject to the American Express® Velocity Business Card Benefits Terms and Conditions. Two single entry passes to the Virgin Australia lounge will be activated on the Primary Card Member’s Velocity Frequent Flyer membership account annually, on or after each anniversary of membership. The Virgin Australia lounge is operated by Virgin Australia Airlines Pty. Ltd. in selected domestic airports in accordance with the Virgin Australia Lounge Terms and Conditions, and as amended from time to time. Visit the Virgin Australia website for up-to-date information on Virgin Australia’s Lounge network.
8. Velocity Business Card Insurance
The insurance on American Express Cards is subject to terms, conditions and exclusions (such as maximum age limits, pre-existing medical conditions and cover limits). You must use your American Express Velocity Business Card to pay for your trip in order to be covered under the travel insurance and pay for eligible items for those items to be covered under the retail insurance benefits. It is important you read the American Express Velocity Business Card Insurance Terms and Conditions and consider whether the insurance is right for you. We do not provide advice about the insurance or whether it is appropriate for your objectives, financial situation or needs.
This insurance is underwritten by Chubb Insurance Australia Limited (ABN 23 001 642 020, AFSL No. 239687) under a group policy of insurance held by American Express Australia Limited (ABN 92 108 952 085, AFSL No. 291313). Access to this insurance is provided solely by reason of the statutory operation of section 48 of the Insurance Contracts Act 1984 (Cth). Card Members are not a party to the group policy, do not have an agreement with Chubb and cannot vary or cancel the cover. American Express is not the insurer, does not guarantee or hold the rights under the group policy on trust for Card Members and does not act on behalf of Chubb or as its agent. American Express is not an Authorised Representative (under the Corporations Act 2001 (Cth)) of Chubb.
9. Virgin Australia Business Flyer program
Virgin Australia Business Flyer membership is available to businesses with an active ABN/ACN and an Australian business address that spend up to $500,000 per annum on domestic air travel spend. Virgin Australia Business Flyer membership is available to eligible Australian businesses. Travel agents, travel wholesalers, air travel consolidators and persons re-selling air travel are not eligible to join. Certain travel management companies approved by Virgin Australia may be eligible to join. Virgin Australia Business Flyer Terms and Conditions apply. Virgin Australia Business Flyer (VABF) has multiple Tier Levels. The Tier Level determines the types of Program Benefits the Virgin Australia Business Flyer member is entitled to access. Certain Program Benefits may only be provided to a specific Tier Level. Please see the VABFwebsite https://virginaustralia.com/businessflyer and Terms and Conditions for information on the Program Benefits. The Program Benefits are incorporated into these Terms. For more information, please see the Virgin Australia Business Flyer Terms and Conditions.
The Fare Advantage Discount: The Fare Advantage Discount of up to 6% applies to Flex and Business Class fares operated and marketed by Virgin Australia and is available to Virgin Australia Business Flyer members. The Fare Advantage Discount levels are subject to change without notice. Please check the Virgin Australia Business Flyer website for current discount levels. Fare Advantage Discounts can only be booked through the Booking Portal, our Guest Contact Centre, or a registered self-ticketing Travel Management Company (TMC) or travel agent and are not available through the public Virgin Australia website. If your TMC or travel agent is not registered to process Fare Advantage Discounts, please instruct your TMC or travel agent to contact the Virgin Australia Business Flyer Team at [email protected]. Fare Advantage Discounts cannot be used in conjunction with any other offer or discount and cannot be combined with any other Unpublished Fares or Promotional Fares. Fare Advantage discounts do not apply to Virgin Australia flights operated by Qatar Airways, any bookings made via the Virgin Australia Groups department, sale fares or other tactical fares offered from time to time, and bookings for children and infants. Fare advantage discounts are not available on Virgin Australia services to and from Onslow (ONS). If you have any questions regarding the application of Fare Advantage Discounts, please contact the Virgin Australia Business Flyer team. Virgin Australia Business Flyer Terms and Conditions apply.
Eligible International Flight Discounts: are available on eligible international flights with Virgin Australia Business Flyer airline partners. Discounts vary by airline and fare class, with a discount of up to 10% available on select Business and Economy United Airlines fares. Please check the Virgin Australia Business Flyer website for current discount levels and applicable discount terms and conditions. Discounts can only be booked through the Booking Portal, our Guest Contact Centre, or a registered Travel Management Company (TMC) or travel agent and are not available through the public Virgin Australia website. If your TMC or travel agent is not registered to process these discounts, please instruct your TMC or travel agent to contact the Virgin Australia Business Flyer Team: [email protected]. Discounts cannot be used in conjunction with any other offer or discount and cannot be combined with any other Unpublished Fares or Promotional Fares. Fare Advantage discounts do not apply to any bookings made via the Virgin Australia conference and group travel area, sale fares or other tactical fares offered from time to time, and bookings for children and infants. If you have any questions regarding the application of Eligible International Flight Discounts, please contact the Virgin Australia Business Flyer team. Virgin Australia Business Flyer Terms and Conditions apply.
- Discounted Lounge Membership: Usual annual Lounge Membership Fee is $450 (plus $99 joining fee for all new standard Lounge Memberships), as at 18 May 2026. Discounted Membership Fee is available for the Virgin Australia Business Flyer member’s Key Contact, Account Administrators, Travel Bookers and Travellers. Subject to the Virgin Australia Business Flyer Terms and Conditions, and Virgin Australia Lounge Terms and Conditions. Virgin Australia Lounge entry is subject to space availability.
- Earning Points as a Virgin Australia Business Flyer member: Virgin Australia Business Flyer Members can earn up to 1,000,000 Points from completed travel on eligible flights marketed and operated by Virgin Australia or marketed by Virgin Australia and operated by eligible airline partners, per annum, based on the rolling 12-month period from when the Member joins Virgin Australia Business Flyer. Points aren’t earned on certain fees, taxes, or charges. Virgin Australia Business Flyer Terms and Conditions apply.
- Earning Points with Velocity Frequent Flyer: If the individual flying with Virgin Australia or a partner airline is a Velocity Frequent Flyer member, they may also earn Velocity Points on eligible flights in accordance with the Velocity Membership Terms and Conditions.
- Velocity Gold Membership: Virgin Australia Business Flyer Tier 2 members receive one complimentary annual Velocity Gold Membership. Virgin Australia Business Flyer Tier 3 members receive two complimentary annual Velocity Gold Memberships. These complimentary memberships are for member employees only, as nominated by the member.
- Program membership tiers: Virgin Australia Business Flyer has multiple Tier Levels. The Tier Level determines the types of Program Benefits the Virgin Australia Business Flyer member is entitled to access. Certain Program Benefits may only be provided to a specific Tier Level. Please see our website and the Virgin Australia Business Flyer Terms and Conditions for information on the Program Benefits. The Program Benefits are incorporated into these Terms. Whenever a Virgin Australia Business Flyer member is: (a) upgraded to a higher Tier Level (i.e. upgrade from Tier Level 1 to Tier Level 2); (b) retained at Tier Level 2 or 3 following the member’s annual Tier Level review; or (c) downgraded from Tier 3 to Tier 2 following the member’s annual Tier Level review, your business will have the option to choose a reward. To choose a reward, click on the link in the email sent to the member’s Key Contact and select from the options. The link in the email will expire in four weeks from receipt or once you have chosen your reward. Once a selection has been made, it cannot be changed. The Single Use Lounge Pass or Business Class Upgrade rewards must be allocated to a Velocity Frequent Flyer member who is directly employed or contracted by the Member within 1 year or they will expire. The bonus Points reward must be transferred to a Velocity Frequent Flyer member who is directly employed or contracted by the Member within 2 years or they will expire. Please note that any unallocated rewards will also expire if you are upgraded to a higher Tier Level (at which time we will provide you with new rewards to choose from). See the Virgin Australia Business Flyer Terms and Conditions for details of the available rewards and conditions of use.”
** Reward Seat fares
Reward Seat fares are based on Reward Seat availability on Virgin Australia and partner airlines for the selected route. The base fare is payable in Velocity Points, with applicable taxes, fees, and carrier charges payable in addition to the Points redeemed.
Reward Seats are limited and may not be available on all flights or during peak travel periods. Bookings must be made via the Virgin Australia website. Reward Seat bookings and associated charges do not earn Velocity Points. A payment surcharge may apply.
Changes or cancellations can be made for a fee and any fare difference, provided they are requested at least 24 hours before the scheduled departure. For international partner airlines, voluntary changes may require cancellation and rebooking on a new ticket. Where eligible, the original ticket value will be refunded.
Some flights may be operated by partner airlines, and different baggage allowances or conditions may apply. For full fare rules and conditions, visit velocityfrequentflyer.com.