When managed well, Credit or Charge Cards can be a great way to earn Points. But those opportunities aren’t just for individuals – businesses can also use Points to their advantage. One of those more rewarding choices is the Amex Velocity Business Card.
Attached to Velocity Frequent Flyer, the loyalty program of Virgin Australia, the Amex Velocity Business Card comes loaded with Points. It starts with a hefty 160,000 bonus Velocity Points for eligible new businesses that apply by 30 May 2023 and spend $3,000 or more on eligible purchases within 2 months of the card approval date.
There’s also the separate choice of an exclusive benefit courtesy of Velocity Frequent Flyer. Among these, 30,000 bonus Velocity Points are an option. That’s up to 190,000 bonus Velocity Points into your personal Velocity Frequent Flyer account. But be quick, the choice of exclusive benefit ends on 31 March 2023.
On Virgin Australia’s partner airlines such as Singapore Airlines and Qatar Airways, that’s more than enough Velocity Points to fly you to the other side of the world in Business Class. With either airline, this costs just 139,000 Velocity Points one-way as at March 2023, plus taxes, fees and carrier charges. Read on!
This content is created in partnership with Velocity Frequent Flyer.
American Express is a Point Hacks commercial partner.
What’s the current Amex Velocity Business Card offer?
The latest Amex Velocity Business Card offer is tough to beat – and blows past the card’s previous 100,000-point deal.
Now, you can collect a cool 160,000 bonus Velocity Points when you apply by 30 May 2023 and spend $3,000 on eligible purchases within the first two months from card approval date.
But that’s not all – Velocity Frequent Flyer has an extra benefit. That’s a new promotion under which eligible new Velocity Points earning credit and charge card holders can select an additional benefit.
Fortunately, the Amex Velocity Business Card is one such eligible card. Provided you activate this offer from Velocity and choose your exclusive benefit before applying by 31 March 2023, here’s what you could get.
- 30,000 bonus Velocity Points, or
- 250 Velocity Status Credits, or
- a $200 Coles Gift Card.
Add this benefit from Velocity to the bonus Points already on offer from American Express, and that’s up to 190,000 bonus Velocity Points.
What could you do with all those Velocity Points
With so many Velocity Points to spend thanks to your Amex Velocity Business Card, you’ll be spoiled for choice as to how you redeem them.
You might decide to use them all for one big international trip in serious comfort, or use those Points towards numerous domestic journeys. Want some inspiration? Here’s a look at just a few of the many ways you could spend your sizeable bonus of Velocity Points.
Option 1: Fly Business Class to Europe or the United States
With at least 160,000 Velocity Points to spend courtesy of the Amex Velocity Business Card, the world is truly your oyster. You could fly Business Class to any destination served by Virgin Australia’s many partner airlines – and for that, you’d part with no more than 139,000 Velocity Points, one-way plus taxes, fees and carrier charges where applicable.
For instance, you could fly from Sydney to London via Singapore with Singapore Airlines. Or how about Brisbane to Paris via Doha with Qatar Airways? Maybe even Melbourne to New York via Abu Dhabi with Etihad Airways.
Whichever route you choose, Business Class Reward Seat redemptions are capped at 139,000 Velocity Points one-way, as at March 2023, plus taxes, fees and carrier charges.
If you’re bound for the US, United Airlines is another great Velocity partner. Business Class Reward Seats with United from Australia to New York would be no more than 127,500 Velocity Points per person, one-way, as of March 2023. Taxes and fees apply.
Option 2: Fly Business Class to Vancouver or Singapore
While we’re talking about Virgin Australia’s network of partners, Air Canada is another strong link in the Velocity chain.
With non-stop flights from both Sydney and Brisbane to Vancouver, you could book a Business Class Reward Seat using your Velocity Points. Subject to availability and as at March 2023, this costs 104,000 Velocity Points one-way from either Australian city, plus taxes and fees.
Closer to home, Singapore Airlines isn’t just a great option when flying further afield. As the name suggests, flights to Singapore are the airline’s bread and butter. For these, you’d pay no more than 67,000 Velocity Points for a one-way Business Class ticket from Australia’s east coast capital cities. Round trip, that’s just 134,000 Velocity Points. Both figures are again subject to payment of taxes, fees and carrier charges, and are correct as of March 2023.
Option 3: Do business across Australia with Virgin Australia
International travel is nice, but you’ve got a business to run, after all. If those opportunities are mainly across Australia, why not use your Velocity Points on Virgin Australia flights?
Even with 160,000 Velocity Points to spend, that’s enough for up to 20 one-way Economy Class Reward Seats. These bookings start at 7,800 Velocity Points per person, one-way (at of March 2023) – plus taxes, fees and carrier charges.
You’ll find these most favourably priced redemptions on the shortest domestic routes. This covers popular hops like Sydney to Melbourne, Brisbane to Sydney and Melbourne to Adelaide. Or, make the same trips in Business Class instead you could take 10 one-way flights (five return trips) when using Points for Business Class Reward Seats. These Business Class Reward Seats start at 15,500 Velocity Points, one-way, as of March 2023. As always, taxes, fees and carrier charges apply, and can vary slightly by route.
Best of all, you have the freedom to spend your Velocity Points on flights for anybody. When you’re running a business, this can include the company’s employees. Rather than buying full-price airfares in dollars, using Points means you only need to pay the additional taxes, fees and carrier charges.
Other benefits of the Amex Velocity Business Card
The Amex Velocity Business Card comes with more than just a one-off boost to your Velocity Points balance. It also makes business easier and more rewarding. Here’s what else you can look forward to.
- Earn up to 2 Velocity Points per $1 spent on eligible purchases (such as on Virgin Australia flight bookings).
- Earn uncapped Velocity Points with no pre-set spending limit.
- Issue up to 99 Employee Cards under the one account. (A $99 Annual Employee Card Fee applies per Employee Card).
- Automatically sync your business’ American Express Velocity Business Card transactions with MYOB for easy expense reconciliation.
- Two domestic Virgin Australia Lounge passes per year for the account’s primary cardholder.
- Up to 51 days to pay for purchases, assisting with your business’ cash flow.
- Complimentary domestic and international travel insurance on eligible return trips paid for using an Employee Card or the primary Amex Velocity Business Card.
You can read more about the benefits and features of this Card in our American Express Velocity Business Card guide.
Eligibility for the Amex Velocity Business Card
To apply for the Amex Velocity Business Card, a few boxes need to be ticked.
First, the primary applicant must be a Director or Controller of the business – and must also be an Australian citizen or permanent resident.
The business itself also needs to have a valid ABN and be registered for GST. The business’ annual turnover must be $75,000 or more. It goes without saying for a card with no pre-set spending limit, a good credit history is essential too, with no payment defaults on file.
American Express also shares that its Velocity Business Card is designed for businesses with an annual turnover of up to $2 million.
As a reminder, the Amex Velocity Business Card has a $249 annual fee. In addition, up to 99 supplementary ‘Employee Cards’ can be issued on that account at an additional annual cost of $99 per Employee Card.
Just note, as a ‘charge card’ (rather than a ‘credit card’), the business would generally need to pay off the account’s closing balance in full each month. Some businesses may qualify for Amex’s ‘Flexible Payment Option’ service though, allowing a portion of the balance to paid off over a longer period.
Ready to apply for the Amex Velocity Business Card?
Whether you’re ready to explore the world in comfort or save cold hard cash on your upcoming business trips, here are the simple steps to follow for this offer.
- Register by 31 March 2023 for Velocity’s ‘choose your exclusive benefit’ promotion, and make your selection. To recap, that choice is between 30,000 Velocity Points, 250 Status Credits or a $200 Coles Gift Card and to be eligible for the exclusive benefit promotion you must make the selection and apply for the Card by 31 March 2023.
- Apply for the Amex Velocity Business Card by clicking the ‘FIND OUT MORE & APPLY’ button in our Card guide.
- Be approved for the Amex Velocity Business Card and wait for it to arrive.
- Activate the card and spend $3,000 on eligible purchases in the first two months. (The annual fee and any applicable Employee Card annual fees don’t count towards this).
- Watch your personal Velocity balance grow by 160,000 Points. These bonus Points are typically awarded between 8-10 weeks after meeting the minimum spend requirement.
- Continue monitoring your personal Velocity Frequent Flyer account for the exclusive benefit you chose in step one. If you’ve selected the Coles Gift Card, you’ll find the details of the Coles Gift Card in your email once that’s been issued.
- Put all those Velocity Points to work!
The Amex Velocity Business Card: Summing up
With a solid offer of bonus Velocity Points, the Amex Velocity Business Card could be seriously rewarding for your business. After all, bonus Points are just the start of the deal. The more your business spends on the card each month, the higher your Velocity balance will soar.
So what are you waiting for? The Amex Velocity Business Card awaits.
Feature image courtesy of Unsplash/Krakenimages.
Choose your own exclusive benefit with Velocity’s new credit card campaign
|Expiry: 31 March 2023|
Get an extra 30,000 Velocity Points, 250 Status Credits or a $200 Coles Gift Card if you take out an eligible new Velocity Points earning credit card with an annual fee by 31 March 2023 and meet the minimum spending requirements. But before you apply select which exclusive benefit you’d prefer.
This offer comes in addition to any sign-up bonus provided directly by the credit card issuer. This means, if you qualify for bonus Velocity Points from the credit card itself, you could double dip with a second reward of your choice from Velocity.