American Express are offering 50,000 Velocity Points for new Card Members of the American Express Velocity Platinum Card.

The card has a $375 annual fee, with the benefits helping to offset this in both the first and subsequent years, including a free domestic return Virgin flight, two Virgin Australia lounge passes for use in domestic Virgin lounges and two more American Express lounge passes to be used at either the Sydney or Melbourne American Express lounges.

New eligible Card Members of the American Express Velocity Platinum Card will receive the 50,000 bonus Velocity Points after spending $3,000 or more in the first 3 months from approval.

How you could use the bonus points from this card

All redemption figures above exclude any accompanying taxes, fees and charges. Points redemption price data is provided by a third-party. For an exact total redemption cost, please consult with the airline directly.


This is still one of the highest Velocity Points-earning cards in the market and is handy for ongoing use for Virgin Australia frequent flyers and Velocity Points hunters.

The American Express Velocity Platinum is a card to consider holding for the frequent Virgin flyer, especially for those who travel in Economy and can make good use of the included lounge passes and free flight.

Virgin Australia A330 Business Class

Travel between Sydney/Melbourne and Perth in Virgin Australia’s A330 Business Class for 35,500 Velocity Points, one of our favourite ways to use Velocity Points

Digging into the benefits of the American Express Velocity Platinum Card

The American Express Velocity Platinum is the card to apply for if you usually fly with Virgin Australia and can take advantage of the bonus points from Virgin Australia spend and accompanying lounge passes.

Card Details

CardAmerican Express Velocity Platinum
Loyalty programVelocity Frequent Flyer
Points earned from spend1.25 Velocity points earned per $1 on all eligible spend except for government bodies
1 Additional Velocity point per $1 spent on selected Virgin Australia purchases
0.5 Velocity points per $1 on Government spend
Points capNone
Earns points at ATOYes (reduced earn rate of 0.5 point/$)
Travel benefitsEach year: 2x Virgin Australia lounge passes, 2x American Express Sydney/Melbourne lounge visits, free Virgin Australia domestic flight
Included insurancesDomestic and international travel insurance, travel inconvenience insurance, refund and purchase protection (PDS)
Overseas transaction fee3% of the converted amount
Minimum income requirement$65,000
Annual fee$375

Earning Velocity points from spend

When using your card in Australia, you’ll receive 2.25 Velocity Points per dollar spent with Virgin Australia, and 1.25 Velocity Points per dollar on all other expenses except for government bodies where you will earn 0.5 Velocity Points per dollar spent.

Your Velocity Points will be swept over to your Velocity account on a monthly basis, and additional card members are free of charge.

Free Virgin Australia domestic Economy flight

With the American Express Velocity Platinum Card, you can also redeem a free domestic return flight with Virgin Australia to selected cities each Card Member year.

It differs depending on your departure airport (Sydney in the map below), however, in a nutshell, it is to/from most cities within a couple of hours’ flight time of the departure airport. Read the full guide below for more information.

Amex Velocity Platinum Map

Image courtesy American Express

In all likelihood, the free domestic flight will cover the cost of the annual fee of the card alone—or close to, at least. In 2015, American Express removed the option to redeem the free flight from Sydney, Melbourne and Adelaide to Perth but not the other way around.

Virgin Australia and American Express Lounge passes

The American Express Velocity Platinum Card comes with two free single-entry passes to Virgin Australia domestic lounges each year. You can use these passes prior to travelling on a Virgin Australia domestic flight (not a Virgin Australia international flight or any flight with another carrier).

Virgin Lounge Melbourne Interior

Virgin Australia Melbourne Lounge

If you don’t have Velocity status, this is nice little perk which will see you enjoy their excellent domestic lounges—save this up for a leisure trip, in my opinion.

On top of those, you’ll also receive two access passes to an American Express Lounge at Sydney or Melbourne’s International Terminal, plus two children travelling with you. You can also buy additional access at $55 per visit.

American Express Sydney Lounge

Notably, this benefit is only available to the top-tier American Express cards at most banks, so this is quite a perk for a card with a lower annual fee.

Status Credits

Another noteworthy ongoing benefit of the American Express Velocity Platinum Card is the Velocity Status Credits.

American Express are offering 100 Velocity Status Credits as a target for spending $50,000 in 12 months (your account membership year)—this applies to both existing and new Card Members and is a neat way of bumping up your Status Credits balance if you are on the hunt for Silver, Gold or Platinum Velocity status.

Other benefits

There is also a range of insurances, including domestic and international travel insurance, and travel inconvenience insurance available for travel purchased on the card, as well as refund and purchase protection.

The full PDS outlining the details of all the benefits included with the American Express Velocity Platinum Card can be found here.

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.

American Express Apple Pay, Google Pay and Samsung Pay support

American Express cards support Apple Pay, Google Pay and Samsung Pay, meaning you can use this card on your smartphone for easier payments. Find out more in our guides below.

50,000 Velocity Points and free domestic Virgin Australia flight with the American Express Velocity Platinum Card was last modified: August 13th, 2019 by Daniel Sciberras

Eligibility criteria for bonus points for existing American Express Card Members

American Express are quite specific about whether existing Card Members will be eligible for bonus points if they apply for a card, are approved, and meet the minimum spend criteria.

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

American Express don’t allow existing Card Members, even for different types of American Express cards (e.g. Charge, Credit or Business) to be eligible for bonus points offers for cards in a different family.

50,000 Velocity Points and free domestic Virgin Australia flight with the American Express Velocity Platinum Card was last modified: August 13th, 2019 by Daniel Sciberras

Summing up

The American Express Velocity Platinum Card is aimed at those really looking to maximise their Velocity earn from spend.

The additional lounge access, insurance and other perks are nice to have but are secondary in importance compared to the high Velocity Points earn potential.

50,000 Velocity Points and free domestic Virgin Australia flight with the American Express Velocity Platinum Card was last modified: August 13th, 2019 by Daniel Sciberras