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American Express Velocity Platinum

American Express Velocity Platinum

4.0 from 4 reviews

See the Best Frequent Flyer & Travel Cards in 2019 as rated by Australians on ProductReview.com.au.


Amex Lounge - BE AWARE

Be aware that the Amex lounge is in the International Airport section.
You have to go through security to get in. Unless you are on a international flight you can't use these passes.


Good card for earning Velocity points

This is a good card for earning Velocity points. In my opinion it is the best one on the market. The high annual fee is offset by the free flight each year. Living in Perth this can get me to Adelaide, Sydney or Melbourne. Check the PDS to see where you can go for free from your local capital city.

Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateJanuary 2018
Main Point of ContactPhone
Card / Account Used ForEveryday Expenses, Online Shopping, Overseas/Travel and Special Purchases

The Best Rewards Earner!!!

You can't look past American Express when you want the best rewards. This card has the highest earn rate of any credit card in Australia currently. Whilst Amex isn't accepted everywhere, it is accepted at most major retailers so I use this for about 90% of my purchases. App works brilliantly on your mobile and sign up Velocity bonus is always a bonus.

Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses

Worth it!

The card that’s provided the most rewards.
I applied for this card because of an offer of Velocity points. Normally I don’t play the incentive games; I just go for no fee, low rate cards.
This card has a pretty high interest rate and a steep annual fee ($375)...however, it provides me a return flight between capital cities once per year, airport lounge passes and travel insurance. This would cost me double what I’m paying for the annual fee.
The minimum $3000 limit is higher than what I would like but the benefits far outweigh the negatives.
Amex is also more readily accepted by merchants these days and the fees are similar to Visa and MasterCard.
Amex has a simple to use app and provide additional discount offers.
Highly recommend this card.

Customer Service
Rates and Fees
Rewards
Online Experience
Application Process
Card Start DateOctober 2018
Main Point of ContactOnline
Card / Account Used ForEveryday Expenses, Online Shopping, Overseas/Travel and Special Purchases

Questions & Answers

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Details

Velocity Platinum
Card TypeAmerican Express
BenefitsComplimentary Travel Insurance
Minimum Credit Limit$3,000
Maximum Credit Limit$10,000
Minimum Income $65,000
Additional Cardholders 4
Additional Cardholder Fee $0 p.a.
Rewards ProgramVelocity Frequent Flyer
Rates & Fees
Purchase Rate20.74% p.a.
Late Payment Fee$30
Annual Fee$375
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%

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