Card Features
Card Issuer
American ExpressVelocity Gold
The AMEX Velocity Gold offers 20,000 free bonus points when you apply before 29th February 2012.
The Velocity membership means points are redeemable with Virgin Australia and their airline group including Virgin Atlantic, Etihad, Delta plus more. Points earning is uncapped. Earn 1.25 points per $1 spent and 2.5 points per dollar when buying from the Virgin Australia group of airlines. Free membership of Velocity Rewards is also included.
The card also features a pair of free passes to the Virgin Australia lounge each year, complimentary domestic and overseas travel insurance, travel inconvenience cover, emergency card replacement, purchase protection up to 90 days, and refund protection for 90 days.
Rates & Fees
| Interest Rate | Balance Transfer | Annual Rate | Interest Free |
|---|---|---|---|
| 20.74%p.a. | n/a | $199 | 44 days |
Key Features
- 20,000 free points
- Up to 2.5 points per $1 spent
- Free Virgin lounge access for two once per year
- Travel insurance
- Travel inconvenience cover
- Purchase protection
Pros & Cons
Pros
- Great free points offer on sign up
- Up to 2.5 points per dollar spent
- Points redeemable at Virgin Australia and their group of airlines
- Lots of free travel insurance and purchase insurance
Cons
- Annual fee of $199
Review
Editors Review
A great card for frequent travellers with Virgin and their travel partner airlines. Lots of free benefits will likely outweigh the annual fee if you spend and travel enough
Similar Cards
| Product Name | Purchases | Balance Transfer | Annual Fee | |
|---|---|---|---|---|
|
|
19.99%p.a | 3.99%6 months | $150 |
|
|
19.74%p.a | n/a | $295 |
Terms and Conditions
Velocity is owned and operated by Velocity Rewards Pty Ltd as trustee of the Loyalty Trust. To earn and redeem Velocity Points, you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, available at virginaustralia.com/velocity, as amended from time to time.
Cards are offered, issued and administered by American Express Australia Limited. Credit provided by American Express Australia Limited (ABN 92 1088 952 085). Australian Credit Licence No. 291313. Registered Trademark of American Express Company. Applicants must be 18 years of age or over, reside in Australia and earn a minimum income of $40,000 per annum to apply for the American Express Velocity Gold Card. American Express income and credit approval criteria applies. Subject to Terms and Conditions. Interest rates, fees and charges apply. All interest rates are quoted as an Annual Percentage Rate. All information including fee, charges and interest rates, are correct as at 12 September 2011 and are subject to change.
Velocity Points are earned in accordance with the American Express Velocity Cards Points Terms and Conditions available here. Exclusions apply. Velocity membership and Points earn and redemption is subject to the Velocity Membership Terms and Conditions available at virginaustralia.com/velocity, and is amended from time to time. Earn rate of 2.5 Points per spent on Virgin Australia group of airlines only applies to purchases made in Australia.
Virgin Australia lounge entry passes are subject to the American Express Velocity Gold Card Benefits Terms and Conditions available here. Two single entry passes to the Virgin Australia lounge will be activated on the Basic Cardmember's Velocity membership card annually on or after the anniversary of membership. The Virgin Australia lounge is operated by Virgin Australia Airlines Pty Ltd in selected domestic airports in accordance with the Virgin Australia lounge Terms and Conditions, available at virginaustralia.com/lounge and as amended from time to time.
Offer only available to new American Express Velocity Cardmembers who apply, are approved by 31 January 2012 and spend $500 in the first 3 months of American Express Velocity Card membership. Please allow 6 to 8 weeks after the $500 spend benchmark has been met for the 20,000 Velocity Points to be awarded to the Cardmember's Velocity Account. Redemption values are valid as at 15 June 2011 and are subject to change. Fares shown are based on return Reward Class fares booked online at virginaustralia.com/velocity, valid as at 15 June 2011 and are subject to change. Additional baggage and credit card charges may apply and are payable in addition to Velocity Points redeemed. Reward seats have limited availability and are exclusive to Velocity members. All redemptions are subject to availability and to the Velocity Membership Terms Conditions available at virginaustralia.com/velocity