Point Hacks Credit Card Guide

American Express Velocity Escape Guide

American Express Velocity Escape

The American Express Velocity Escape is an entry-level card Velocity Point-earning card with no annual fee. The points earn rate of 1 Velocity Point earned per $ spent for no ongoing fee is aimed at budget-conscious points-hunters.

  • No annual fee
  • 2 Velocity Points per dollar earned on spend with Virgin Australia
  • 1 Velocity Point per dollar earned everywhere else except government bodies where you will earn 0.5 points per $1 spent
  • 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
  • Annual fee: $0 p.a.

Find out more or apply →

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The American Express Velocity Escape Card is a Velocity point-earning card with no annual fee, and as a result comes with very few additional benefits outside of earning points – but it does that one thing well.

The Velocity Escape Card is a great entry-level offering as a gateway into the world of Velocity points earn.

Who’s the American Express Velocity Escape card for?

This card will likely suit those:

  • who frequently travel on Virgin Australia
  • who are averse to cards with high annual fees and are looking for a no or low annual fee card that still earns Velocity points
  • who may not meet the income threshold for premium Velocity earning credit cards
  • where the higher cost of a premium Velocity Card outweighs the benefit of the card’s additional features, due to your income or spending being too low to either use these features or obtain maximum value from them
  • those who want to start earning Velocity points from their credit card spend with little risk.

Card Details

CardAmerican Express Velocity Escape
Loyalty programVelocity Frequent Flyer
Points earned from spend2 Velocity points earned per $ with Virgin Australia, 1 point per $ everywhere else except government bodies in Australia where you will earn 0.5 point per $ spent
Points capNone
Earns points at ATOYes
Additional card membersFree
Minimum income requirement$40,000 p.a.
Annual feeNone

The Velocity Escape American Express is visually cut from the same cloth, but targeted at a different customer to the high-end sister card the Velocity Platinum.

The Escape offers few ongoing benefits, but with a bargain of an annual fee for free.

This means it’s one of the best no or low annual fee cards out there for Velocity point earn for those who don’t want a heap of benefits with their card and don’t want to stump up for the annual fee.

You’ll earn 2 Velocity points per $ spent with Virgin Australia, 1 point per $ everywhere else with the exception of transactions to government bodies and the ATO, which earn 0.5 points per $ spent in line with many other cards American Express issue.

Additional card members are free of charge for those who want to earn more points by adding household members onto their account.

The card is also eligible for Amex Offers, which provide American Express cardholders with rotating promotions and discounts for a variety of products and services, as well as the Local Champion game, where cardholders use the Amex app to earn additional bonus point per $ spent at retailers where they shop the most.

Considering this card for Business-related transactions?

American Express offer a range of both business and consumer charge and credit cards. They do permit business transactions to be made on personal cards, unlike some other banks, but you might find some of the other business-focused benefits of the business cards to be appealing or more appropriate.

So – if you’re a sole trader or a business looking to earn points with your business spend – this card would still work for that purpose.

There’s a full list of business and personal consumer American Express cards which might be suitable for earning points from business-related transactions here.

American Express Velocity Escape Guide was last modified: September 20th, 2018 by Keith

American Express Apple Pay & Android Pay support

American Express cards supports Apple Pay & Android, meaning you can use this card on your smartphone for easier payments. Find out more in our guides for each of the compatible services.

American Express Velocity Escape Guide was last modified: September 20th, 2018 by Keith

Summing up

The American Express Velocity Escape Card is a compelling no annual fee credit card given its full 1 point per $ earn rate and with no annual fee and a great entry level card for ongoing Velocity points earn.

American Express Velocity Escape Guide was last modified: September 20th, 2018 by Keith

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Comments Expand Comments

  1. Alex

    Hi Keith,
    Is there a way to transfer your velocity points earnt on this AMEX card elsewhere, and how do I do this?
    Thanks,
    Alex.

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