Velocity Rewards · Credit card
American Express Velocity Platinum Card
50,000points
≈ $400 in value · −$40 after the $440 first-year fee
63rd of 66 bonus cards
Apply online, get approved, and spend $5,000 on eligible purchases on your new Card within 3 months of your approval date. Only available to new Card Members who have not held any American Express Card within the last 18 months. T&Cs apply.
- Annual fee
- $440
- Rewards program
- Velocity Rewards
- Purchase rate
- 23.99% p.a.
- Airport lounges
- Domestic
- Minimum credit limit
- $3,000
- Additional cardholder
- Free
- Annual fee
- $440
- Additional cardholder
- Free
- Foreign transaction fee
- 3.5%
- Late payment fee
- $30
- Rewards program
- Velocity Rewards
- Base earn rate
- 1.25 Velocity Rewards pts per $
- Travel spend
- 2.25 pts per $
- Government spend
- 0.5 pts per $
- Purchase rate
- 23.99% p.a.
- Interest-free days
- Up to 55
- Airport lounges
- Domestic
- Complimentary travel insurance
- Yes
- Purchase protection
- Yes
- Concierge
- No
- Network
- Amex
- Minimum credit limit
- $3,000
- American Express Velocity Platinum Card
October 20261 change
- 14Wed
- Bonus 100,000 pts → 50,000 pts−50k pts
September 20261 change
- 13Sun
- Rewards program now Velocity Rewards2 fields
Rewards program Velocity Frequent Flyer Velocity Rewards Base earn rate 1.25 0.5
The American Express Velocity Platinum Card has a suite of airline benefits including a complimentary domestic return flight on VA each year, travel insurance and earn Velocity Points with every dollar spent.
Also from American Express: Qantas American Express Ultimate Card $510 net · American Express Velocity Escape Plus Card $65 net · American Express Platinum Card $50 net · American Express Essential Rewards Credit Card $42 net · American Express Explorer Credit Card −$20 net · Qantas American Express Premium Card −$89 net · Qantas American Express Discovery Card no annual fee · American Express® Platinum Reserve Credit Card $395 fee · Low Rate Credit Card from American Express no annual fee · American Express Platinum Edge Credit Card $195 fee, $0 in year 1
50,000 pts Velocity Rewards, worth about $400 as of 2 November 2026. After the $440 first-year fee it nets −$40, 63rd of 66 bonus cards tracked by BankMate. No end date is published for the offer. From the provider's Consumer Data Right feed, refreshed nightly.