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50,000 bonus Velocity Points with the American Express Velocity Platinum

American Express Velocity Platinum - 50,000 Velocity Points

The American Express Velocity Platinum card has 50,000 Velocity Point bonus on offer, along with bonus status credits, a number of Virgin Australia perks including lounge passes, bonus points, and a free domestic flight.

  • 50,000 Velocity point bonus
  • 100 Velocity Frequent Flyer Status Credits
  • Two Virgin Australia lounge passes each cardholder year
  • One free domestic flight with Virgin Australia each cardholder year
  • 2.5 Velocity points earned per $ spend on selected Virgin Australia purchases, 1.5 Velocity points earned per $ on everything else except for government bodies and the ATO
  • 0% p.a. on balance transfers for the first 12 months with 1% establishment fee - maximum balance transfer is $10,000 or 70% of your approved credit limit, whichever is less
  • $375 annual fee
  • 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. Previous and existing bank-issued American Express companion cardholders are eligible for this offer
  • $1,500 minimum spend within the first 3 months required to trigger bonus Velocity points
  • $50,000 minimum spend within your Card Membership year to receive Status Credits

Find out more or apply →

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American Express are offering 50,000 bonus Velocity points for new cardholders of the 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 Virgin flight, and two Virgin Australia lounge passes for use in domestic Virgin lounges.

American Express also added another ongoing benefit to the Velocity Platinum card earlier this year, 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 cardholders and is a neat way of bumping up your status credit balance if you’re on the hunt for Silver, Gold or Platinum Velocity status.

How you could use the bonus points from this card

All redemption figures shown are examples only and exclude accompanying taxes and fees. Points redemption price data is provided by a third-party, so inaccuracies may be present. Please check with the airline directly for a complete and accurate total redemption cost.

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 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.

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 Velocity Platinum American Express

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

Card Details

CardAmerican Express Velocity Platinum
Loyalty programVelocity Frequent Flyer
Points earned from spend2.5 Velocity points earned per $ spent with Virgin Australia,
1.5 points earned per $ on all eligible spend except at government bodies including the ATO where you will earn 0.5 point per $ spent
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 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 2.5 Velocity Points per dollar spent with Virgin Australia, and 1.5 Velocity Points per dollar on all other expenses except for utilities and the ATO.

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

Free Virgin Australia domestic Economy flight

With the Velocity Platinum card, you can also redeem a free domestic return flight with Virgin Australia to selected cities each cardholder year.

The city pair list that this flight can be redeemed for is wider than that offered with the Qantas Ultimate card.

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 both Sydney and Adelaide to Perth but not the other way around, which reduces the value somewhat for those who frequent Western Australia.

Virgin Australia and American Express Lounge passes

The 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-w

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 the American Express Lounge in Sydney’s International Terminal for you and a guest, plus two children travelling with you.

You can also buy additional access at $55 per visit.

American Express Sydney Lounge 2

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.

Other American Express Velocity Platinum benefits

There is also a range of insurances, with domestic and international travel insurance, 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 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.

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.

If you hold a bank-issued American Express – such as from Westpac, Commonwealth Bank or NAB – that won’t affect whether you’re eligible for bonus points with an American Express branded card offer. There’s more in our guide to this here.

However American Express don’t allow existing cardholders, 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 bonus Velocity Points with the American Express Velocity Platinum was last modified: February 6th, 2018 by Keith

Summing up

The Velocity Platinum American Express 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 bonus Velocity Points with the American Express Velocity Platinum was last modified: February 6th, 2018 by Keith

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Point Hacks Credit Card Information

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We have not taken into consideration your personal circumstances or financial situation when providing the information on this website. It is important you read the relevant PDS from the product issuer and seek the independent advice of an appropriately qualified professional before making a decision on a product.

While we invest a great deal of time and energy into ensuring we provide with you with the most up to date and accurate information, we do not warrant the accuracy of statements or information contained on the Website relating to third party goods and services, including credit card information, loyalty schemes and rewards. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability arising from any person acting on those statements or information to the fullest extent permitted by law. Where conditions or warranties are implied by law and cannot be excluded, our liability will be limited to the re-supply of information. You should confirm the accuracy of information provided on this Website with the third party product provider before acting on it.

Comments Expand Comments

  1. Logged into my Amex account and under the ‘refer a friend’ it’s states you receive 30k and they receive 60k. I was on the phone to Amex at the same time and asked the operator about this and he told me that the friend who signs up and qualifies would get the 60K plus what ever is also being offered on the website 50k so total 110k. Surely that isn’t correct?

  2. Rob

    Hi all,

    I’ve met my $1500 spend criteria for the bonus points. I know the terms say the points will arrive within 8-10 weeks of the minimum spend being met, however I’m keen to hear if anyone has had recent experience where they have been credited their bonus points earlier?

    Many thanks

  3. I applied for this, got the card, but before activating it, I chickened out and cancelled the card. The reason for me cancelling the card is that I won’t be able to maximise the benefits of this card for I won’t be able to use the free domestic flight since I’m from Darwin and no free flights are coming and going to Darwin NT.

    The question is, will it hurt my credit rating if I received the card, didn’t activate it, then cancel it after about a week?

  4. Neal

    Hi Keith/Matt,

    For the 100k sign up bonus points and the 18 month exclusion period of previous cardholder, is it 18 months from card cancellation date or 18 months from contract cancellation date with Amex? Contract cancellation being card cancellation + 60 days i.e when you cancel a card, they state that your credit contract will terminate in another 60 days after card cancellation.

    Thank you.

    • Keith Author

      Great question. As far as I know it’s from date of cancellation but if you are on the cusp like this it may be worth giving Amex a call to double check your eligibility date, as it would be annoying to apply thinking you were eligible and then be knocked back.

  5. JD

    Hi there, I’ve just applied for this one and been approved (yay). How long will the 100k points take to credit to my account, if I spend $1500 quite soon in the first month this Jan?

    Looking to book a reward seat to Europe this year with this and other points I’ve accumulated, hence trying to figure out timings for when I’d be able to make this booking. Thanks in advance.

    • I agree the timing is important to get right! From the terms and conditions on the application page:

      100,000 bonus Velocity Points will be awarded to the eligible Card Member’s account 8-10 weeks after the spend criteria has been met

  6. Jimmy

    Hey Keith,

    Does the exclusive 100k point offer work in conjunction with the referral bonus? I tried signing up from a referral link but reverts to the normal offer.

  7. Where do i go to find referrals from other pointhacks users who are looking to earn some bonus referral points?

    Does the person how is referred by someone get any bonus over and above the 100,000k sign on bonus points?

  8. Tony

    Hey guys,

    If the application for the card is in my defacto partner’s name, can I have it linked up to MY velocity membership number to earn the 100k points?? If not is there a way around this?


  9. Anth


    If I apply for the card on the 27th and am already conditionally approved, will I make it in time before the 31/07 cutoff date to be eligible for the bonus points? The application said it may take up to 5-10 business days to process my application.


  10. DR

    does the Amex velocity platinum automatically get me velocity platinum status and will I be able to access international lounges as well?

  11. Mitch


    I was wondering whether anyone knows if the 2 Virgin passes can be used together, as a couple in 1 visit that is?


    • Yep, that is permitted.

      Under Section 13 d) of the Lounge Terms and Conditions:

      “You cannot transfer Single Entries to other people (for example, to other Velocity Members) but you can use your Single Entries to enable other people who are travelling with you to gain access to the lounge.”

      So basically you have to be with your travelling companion to let them in using one of your passes. To avoid doubt, two people must use two passes, as a single pass does not include guesting privileges.

  12. Jo

    Based on AMEX’s website, the new earn rate will be applied to existing cardholders after October 2017.


    From 3 October 2017, you will earn:
    * 2.5 Velocity Points per $1 spent on purchases with Virgin Australia.
    * 1.5 Velocity Points per $1 spent everywhere else, excluding the providers below.
    * 0.5 Velocity Points per $1 spent at government bodies in Australia, such as Australia Post and the Australian Tax Office.

  13. my wife is an additional card holder on my account… if she applies for this card do you think it would get knocked back on this basis, or allowed as she fits the criteria otherwise and has never had a direct Amex account?

    • Holding a supplementary card alone won’t make someone ineligible for the bonus – and you can link your existing card as a supplementary cardholder to your application as you go to help with identification (or not, if you prefer).

  14. SIMON


    I couldn’t quiet understand the points earning rate. I previously held a american express velocity platinum card with the earn rate of 3 points per $1 at cafe/restaurants and 1 point per $1 on general spend. Will this earn rate be revised as per the new rates shown in the article ??

    • Amex have said they have no set date or plans for changing existing cardholders to the new earn rate regime. I’ll make that clearer. I am guessing they will move existing cardholders at some point though.

      • I was just about to ask this question… good to get the increase to 1.5 points… but shame to lose the restaurant bonus, clocked some good points there. But I guess it will roughly even out over time…

    • Not to our knowledge – this is for the Virgin Australia lounges, right? They are digital passes so would ‘expire’ in your account, but then should be replaced by new passes for your next cardholder year assuming you renew and pay your annual fee…

  15. frequentflyer

    Do you have any insights on either actual or quoted discount on non-flex business class fares? I’m just interested in ball park figures – is it 5-10% or 40-50%

    • I don’t have any specific examples, but I understand it’s on the lower end. Give Amex Travel a call, they will probably do a quote for you if you say you are considering the card.

  16. Rodney

    Hi Keith

    Any news on the Per-Syd routes? I applied and recommended to friends on that basis… Now I feel like a bit of a fraud!

    • It’s a bit uncertain, to be honest. The current take is to try to book and test your luck, especially if you’re an older cardholder. Amex Travel have been saying it’s possible, Amex HQ are saying it’s not on the offer pages.

  17. Marie

    Thanks for your response Keith. Hopefully the same doesn’t apply to existing cardholders, I will phone them tomorrow.
    Love the info on this site btw, it’s very helpful. Cheers

  18. Marie


    Have you received a response from Virgin regarding what they are planning to do for cardholders who obtained the card (more than a year ago for myself) and got it specifically for the Perth-Sydney route which I use each year to fly my mum to Sydney.


    • My focus so far has been on what’s happening for applicants under the current promotion rather than existing cardholders. As an existing cardholder you should talk directly to Amex and see if the benefit has been dropped for you as well (I’m not sure if it has), and if so, voice your displeasure. I will report back though if I find out what they are doing, if anything, for new applicants so you’re aware.

  19. Hi Salem – I’ve been in touch with Amex about the PER-SYD flights and have been told that map you’ve linked is not valid now, with PER-SYD and PER-ADL not included any more. They are working out how to deal with customers who applied for the card on that basis, I’ll report back when I hear more.

  20. Hey Phil – I’ve been told by Amex with certainty that PER-SYD is not on offer with the card any more. Frustrating. They are figuring out what they will do for customers who applied on this basis. I will reply back when I hear more.

  21. Stephen Dacey

    I have an existing AMEX Platinum card. I rang AMEX wanting to convert from that card to this Velocity AMEX card, to get the 100,000 Velocity points but they wouldnt do it, not even with threat of cancellation of the existing card. If I do cancel my existing card, I cannot re-apply to get bonus points offers for 12 months!! Might just cancel my card anyway. There are still some other good deals out there, with 0% balance transfers!.

  22. Zander

    Hi Keith,

    Great site!

    Regarding the offer – how long does it take before the 100,000 points expire from the time you qualify for the points?

    Also the free domestic flight every year – does it work on a calendar year basis or a 12 month rolling cycle i.e. You will only qualify for another free domestic flight 12 months after redeeming the first flight?

    • Thanks!
      The Velocity points are subject to the Velocity points expiry terms, which is 36 months of inactivity – as long as you have activity you keep your points.
      Free flight – it’s on cardholder year, not calendar year. You can book your flight anytime during your cardholder year and you’ll get another on your account when you roll over and pay your next annual fee. If you don’t use it, you can’t keep it.

      • Zander

        Well that’s great news. I make sure to make use of the free domestic flight.

        Thanks for the quick response!

    • Not much, except chat to Amex directly before/during your application and see if they are willing to waive that requirement for some reason with your circumstances – i.e. submit previous payslips / tax returns etc.

  23. Cooperellie

    Hi Keith, I just rang the AMEX customer service number (1300366105) and they confirmed that they do NOT fly Syd – Cairns anymore.
    The one place I wanted to go!! Oh well.



    • Thanks for the update – as I said, I have put a question into my contacts at Amex on this and the Perth-Sydney flight changes and should hear back pretty quickly. The Sydney – Cairns option IS explicitly listed in that PDF which is linked to from the offer page, so I would be surprised if it has been removed.
      Both the flight maps I’m aware of also list Sydney – Cairns:
      This one and this one.. I think you have strong legs to stand on in pushing for Sydney Cairns given the documentation to support this, and wouldn’t trust that response without further clarification.

  24. Cooperellie

    Hi Keith,

    Can you confirm whether the Sydney – Cairns return flight is still an option. The flight is not showing up on the AMEX map from Sydney any more, yet I notice that you are still showing this flight in your map above.
    Thanks for your help.



  25. Simon

    Hello Keith

    Long time lurker, I have been following your site for last 2 years now, came back last year (July) from 3 points tickets to Europe on Qantas with a zero balance on return and back up to 150k now.

    My question is this. GIven I am self employed and my wife is a stay at home home mum I have to be careful with my applications.

    Should I diversify and grab this card to have the velocity account? I already often buy my fuel from BP swipe velocity and pay with NAB 1.5 points per dollar AMEX so I am graduallly building a velocity balance already.

    The return flight Sydney to Perth is great value in itself so would cover card cost.

    • I find Velocity to be useful for redemptions on Virgin Australia for their primary use – they are a little cheaper than Qantas and award seats are generally more widely available. But Virgin’s network is not as wide as Qantas, so hard to say if Velocity will be of use to you specifically.

      The return flight from Sydney won’t get you to Perth unfortunately. Possibly the other way around (PER – SYD) but a bit of confusion around that at the minute which I Will try and clear up when I confirm with Amex next week.

      Either way, this is a huge sign up bonus – the biggest ever on a Velocity card, so it’s appealing to a lot of people.

    • Hi Jean – I got a formal response from Amex and Perth -> Sydney is now no longer offered with the card. I’ve been told that map you’ve linked is not valid now and that they are still working out how to deal with customers who applied for the card on that basis.

  26. Sean

    Amex has just changed the rule on existing Amex card holders:

    “Receive 100,000 bonus Velocity Points when you apply by 30 September 2015, are approved and spend $1,000 on your new Card within the first 3 months. Card Members who currently hold or who have previously held any other Card product offered by American Express Australia Limited in the preceding 12 month period are ineligible for this offer.”

    Existing card holders are applying for this promo like hotcakes and receiving their VA points. Go nuts, everyone!

  27. Nadia

    Thanks for the Information Keith

    Just confirming with Perth it would be a return flight to Sydney or one way twice as I noticed Sydney does not do Perth.


  28. kwai

    Is it me or I don’t see how 100,000 points is redeemable for 1 way from SYD – LAX in business. I have tried booking using the virgin australia site. Any other dates I see $3700 approx equivalent to 550k+ points. Am I doing anything wrong searching??

    • You need to be looking in the column that says ‘premium reward’ or ‘business reward’ which are the cheaper level seats. If it says ‘sold out’ then there’s no availability at the lower level for your dates. The high price is using points+pay which essentially swaps the points for cash at a much worse rate.

  29. Lisa

    If I am new to Amex and applied for this Platinum card through a referral, does that mean I will get both the welcome bonus of 100,000 points and the 110,000 points through referral?

    • Hey Lisa – no, you only get one or the other – 100k or 110k if you use a referral. If you then refer someone else to apply, they would get 110k and you would pick up the referral bonus – 20k points from memory.

  30. Sean

    I have Amex Plat Edge and would love to have this card with the domestic return tickets and 2 passes to the lounge more than make up for the annual fee.

    With the rule about existing card owners not qualify for the points, it’s a sad moment!

  31. Jane

    How long do you have to own the Amex card for to get and keep the 110,000 Velocity points? Could you cancel after only 1 year?

    • You’ll get the points as soon as you meet the eligibility criteria. You’re free to cancel any time after that but you’ll lose the benefits of the card at that point.

  32. David

    Has anyone had any issues with the Amex referral links? I used a link to apply for an Amex platinum velocity card to score the extra 10k points. I was approved and given a reference number. Two weeks passed and had not received a card only to be told by them on the phone today that they had no record of my name, application or reference number in their system. Very odd.

  33. Damon

    Hey Keith

    Awesome website.. I am pretty new to the whole FF thing, I am currently using an ANZ Rewards card for my business which, from what I can tell, is pretty lousy compared to Qantas and Velocity programs.. With this card it appears that as long as you pay your CC bills before the big interest kicks in, and avoid using it where merchants charge large fees, you are pretty much guaranteed to come out ahead each year? I would use the flight for Perth – Karratha each year which is around $700 return usually.. it just seems to good to be true! Am I missing any disadvantages to going with such a card? Thanks!

  34. Paul

    Hi Keith,

    I have an AMEX issued by the company I work for (business corporate card) in my name.

    If I sign up for this offer, is there a risk that I won’t get the bonus points?



  35. David

    QQ: Do you still earn the bonus points if you have an AMEX that was issued by a bank such as NAB, ANZ etc? Thanks!

  36. According to Amex’ terms, you wouldn’t get the bonus. Reports are mixed in that sometimes people do, but it’s not worth the risk in my opinion.

  37. There’s a 200,000 point referral limit. So you can refer up to 10 people for this card, once you have your account all set up, and yes, that would be an extra 200,000 points if you find 10 others who want to take up the offer through your referral.

  38. Henry

    It says it is only for new card holders. if im a secondary holder on a family members card would this not be available to me?

Links to this article

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