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American Express Velocity Escape

American Express Velocity Escape

3.5 from 10 reviews

See the Best No Annual Fee Credit Cards in 2019 as rated by Australians on ProductReview.com.au.

Pros

  • $0 Annual Fee

  • 0% p.a. on Balance Transfers for the 12 months

  • Earn up to 0.75 Velocity Points per $1 spent, uncapped

Cons

  • 1% Balance Transfer Fee

  • 3% Foreign Transaction Fee

Details

CategoryNo Annual Fee Credit Cards, Frequent Flyer & Travel Credit Cards, Balance Transfer Credit Cards and Rewards Credit Cards
Contact Number 612 9271 8664
24-Hour Phone Contact No
Online Live Chat Yes
Card TypeAmerican Express
BenefitsReduced First Year Annual Fee
Minimum Credit Limit $2,000
Maximum Credit Limit $25,000
Minimum Income $40,000
Additional Cardholders 4
Additional Cardholder Fee $0 p.a.
Minimum Repayments2.5%
Rewards ProgramVelocity Frequent Flyer
Points Earn Rate 0.75 points per $1
Points Conditions
  • 0.75 Velocity Points per $1 spent, excluding government bodies in Australia

  • 0.5 Velocity Points per $1 spent at government bodies in Australia

  • 1 additional Velocity Point per $1 spent on purchases with Virgin Australia

There is no cap on earn rate.

Contactless PaymentsApple Pay, Fitbit Pay, Google Pay and Samsung Pay
Rates & Fees
Purchase Rate20.74% p.a.
Late Payment Fee$30
Annual Fee$0 p.a.
Foreign Transaction Fee 3%
Interest Free Period 55 days
Balance Transfer Rates
Balance Transfer Period 12 months
Balance Transfer Rate 0% p.a.
Balance Transfer Fee 1%

Visit official website

Reviews

Review distribution

5 star
2
4 star
5
3 star
1
2 star
0
1 star
2

thi4888

thi4888Sydney, NSW

  • 4 reviews
  • Verified customer

Great rewards card with no annual fee, especially if you have a Velocity account

published
Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateJune 2013
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses, Online Shopping, Overseas/Travel and Special Purchases
See all answers

V_QLD

V_QLD

  • 2 reviews

a good card to earn Velocity points with no annual fee

published

Using my AMEX since 10/2015. No annual fee and major retailers accept it with no surcharge so I'm quite happy with the card. The web portal is easy to use and AMEX support was very helpful when I called them.
The only downside is that earning points rate was dropped to 0.75 recently..

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateOctober 2015
Main Point of ContactPhone
Card / Account Used ForEveryday Expenses, Online Shopping and Special Purchases
See all answers

The reviewer stated that an incentive was offered for this review

Wisey

WiseyMetropolitan Adelaide, SA

  • 4 reviews

Great if you clear balance monthly

published

The card has limited use as some retailers don't accept and some charge quite a high rate for use. The interest rate's high so only use if you clear monthly.

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateFebruary 2017
Main Point of ContactOnline
Card / Account Used ForOnline Shopping and Overseas/Travel
See all answers

The reviewer stated that an incentive was offered for this review

D_p

D_pMelbourne

  • 8 reviews
  • Verified customer

convenient card with no annual fee

published

Have had this card for a number of years, handy to have, and build my velocity ff points. Can take part in amex offers which is a great feature.
Available on apple pay, so it's convenient and i don't have to carry the card around.

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Main Point of ContactPhone
Card / Account Used ForEveryday Expenses and Online Shopping
See all answers

James

JamesMelbourne

  • 5 reviews
  • Verified customer

Lots of promotions

published

American Express Velocity Escape is a nice card which has zero annual fees. It is able to collect more Velocity points per dollar when compared with the visa or master cards. However, many shops still reject Amex cards due to the high surcharge. I never used it overseas and I think additional charge required when using it overseas with a different currency. I never transfer the balance either because I don't have any outstanding credit card debts. Overall, I still think Qantas points is better than Velocity points but this one has more than 50 interest-free days while the Qantas card has only 40 days. Lastly, the Amex website has a lot of promotions which is the main reason I applied for this card.

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateJune 2018
Main Point of ContactPhone
Card / Account Used ForEveryday Expenses
See all answers

muffy

muffygold coast

  • 7 reviews
  • 1 like

one of the better cards

published

No problems with this card. Statement always accurate and on time. They have good member offers though some of these are a bit rich for the average shopper. Might suggest they make these offers a bit more realistic for everyone. Velocity rewards mount up quickly, haven't tried to redeem as yet so will have to wait and see about that.

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateApril 2015
Main Point of ContactPhone
Card / Account Used ForEveryday Expenses, Online Shopping and Special Purchases
See all answers

The reviewer stated that an incentive was offered for this review


Zeeshan

ZeeshanMetropolitan Adelaide, SA

  • 24 reviews
  • 38 likes

Watchout for hidden charges

published

I pay my credit in full every month. I suddenly checked my statement and found $9.45 interest charges on my account. When I called them up they said they don't know why this has been charged even though I pay in full every month. So they just apologized and rollover the charges. They will also transfer 1500 velocity points as an apology. But I don't care about the velocity point instead I am waiting for rollover and then close my account.

Just an advice, be carful and check your full balance on credit card every month.


Disappointed

DisappointedSydney, NSW

  • Verified customer

Worst Experience With Balance Transfer to AMEX

published
Joe

JoeGreater Melbourne (Inner), VIC

  • 8 reviews
  • 7 likes

No annual fee with big reward

published

I joined them to accumulate velocity frequent flyer point.
Very happy except lots of shops dont accept Amex or they charge 3% surcharge.
Happy with 24/7 call center and friendly staff.
Feels secure with sms fraud alert when I purchase from overseas or bigger amount
Not too long before I can go to free holiday!

BSF

BSFAU

  • 50 reviews
  • 15 likes

How a credit card should be - with some big provisos

published

I have had this card for more than 6 months now and even travelled overseas with it. I really enjoy using it. There are 2 big drawbacks though:- there are still many small business and food vendors that refuse to take it so i am forced to carry a second card, and nearly everytime I use it I have have to fiddle with the EFTPOS reader as the card must use a chip that doesn't read perfectly everytime
- customer service and website operates better than any card I have any used
not every vendor accepts it so I still need other cards, not every EFTPOS terminal reads the card well

1 comment
BSF
BSF

I finally and reluctantly gave up this card - enjoyed using it, enjoy using their website and even calling customer support - they are very good

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