American Express Velocity Business Card

Name: American Express Velocity Business Card
Brand: American Express
Rating: 4.6 (1 reviews)

Earn up to 200,000 bonus Velocity Points. Get 170,000 Bonus Velocity Points when you apply online, are approved, and spend at least $5,000 within 2 months of approval. Plus, earn 30,000 bonus Velocity Points when you activate your offer on VelocityFrequentFlyer.com. The offer is valid for New American Express Card Members exclusively.
Earn 2 points for every $1 spent on Virgin Australia services and up to 1 point per $1 spent on other transactions. Earn 0.5 points per $1 on ATO and government expenditures.
Get 2 complimentary single-entry passes to the Virgin Australia Lounge at chosen domestic airports annually.

Pros and cons

Receive up to 200,000 bonus Velocity Points when you meet the criteria.
A charge card that has no pre-set spending limit.
You have up to 51 days to pay for purchases.
Add up to 99 employee cards.
Use your points to pay off transactions, utilities, annual fees, etc.
Redeem your Velocity Points to upgrade flights, book hotel reservations, and car rentals.
There is no limit to the amount of points you can earn.
Set up monthly points transfer to your Velocity account.
Option to pay off a portion of your balance.
With the Amex App, you can monitor business spending and activity 24x7.

Additional cardholders. The American Express Velocity Business Card allows up to 99 additional cardholders for a fee of $99 per year per card. This is a great way to share your account with multiple family members and colleagues. You will be responsible for managing the account and making repayments.
Digital wallets. This card is compatible with Apple Pay, Google Pay, and Samsung Pay.
Gambling transactions. American Express has blocked this card from making any gambling-related purchases.

Airport lounge passes. Comes with two complimentary single-entry passes for select domestic Virgin Australia airport lounges.
Complimentary travel insurance. Get complimentary domestic and international travel insurance for you, your spouse, and Employee Card Members.
Concierge services. The American Express Velocity Business Card does not include a concierge service.
Insurances. Cardholders get complimentary travel insurance, fraud protection, purchase protection insurance, medical emergency expense cover, personal liability cover, business trip completion, trip cancellation, and amendment cover.
Rewards points. Earn 2 points per $1 on Virgin Australia services, up to 1 point per $1 on other purchases, and 0.5 points per $1 on ATO and government spending. Redeem points through the Velocity Frequent Flyer program, with no expiry as long as your account remains active.
Sign-up bonus. Earn up to 200,000 bonus Velocity Points. Get 170,000 Bonus Velocity Points when you apply online, are approved, and spend at least $5,000 within 2 months of approval. Plus, earn 30,000 bonus Velocity Points when you activate your offer on VelocityFrequentFlyer.com. The offer is valid for New American Express Card Members exclusively.

Annual fee. The ongoing annual fee for this card is $249, which is similar to other business cards of this type.
Balance transfers. This card does not have a balance transfer offer.
Foreign exchange fee. This card has a 3% foreign transaction fee on all purchases made in a foreign currency, either overseas or online.
Interest-free period. The American Express Velocity Business Card offers up to 51 days interest-free on purchases.
Purchases. This is a charge card, so the balance must be paid in full each month.