Point Hacks Credit Card Guide

American Express Velocity Escape Card Guide

American Express Velocity Escape - No Annual Fee

American Express Velocity Escape card is an entry-level 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 Point 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
  • 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

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Point Hacks receive a maximum of $120 per applicant for this card. More about this →

The American Express Velocity Escape credit 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.

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
Supplementary cardholdersFree
Minimum income requirement$40,000
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, or 1 point per $ everywhere else. Starting 16 May 2017, the card’s earn rate on government spend including at the ATO is reduced to 0.5 point per $ in line with many other cards American Express issue.

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

The card is also enabled for Amex Offers and Local Champion for more points and statement credit offers from Amex.

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 Card Guide was last modified: May 16th, 2017 by Keith

Summing up

The Velocity Escape American Express is a compelling no annual fee credit card given it’s 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 Card Guide was last modified: May 16th, 2017 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?

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