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- Velocity Frequent Flyer Credit Cards
American Express Velocity Escape Card
Balance transfer
N/A
Purchase rate
23.99% p.a. ongoing
Annual fee
$0.00 p.a. ongoing
Highlights
- Acquire Velocity Points while benefiting from a $0 annual card fee.
- Points accrued on your card seamlessly transfer to your Velocity account monthly and are redeemable for various rewards such as flights, lodging, car rentals, gift cards, and beyond.
- Earn 0.75 Velocity Points per $1 spent, except for transactions with Australian government entities, where you'll earn 0.5 Velocity Points per $1 spent.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
American Express
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes
Eligibility
Joint Application Accepted
N/A
Minimum Age
18 years
Minimum Credit Rating
Fair, Good, Very Good, Excellent
Minimum Income
$40,000.00
Temporary Residents Accepted
Yes
Additional cardholders
Additional Cardholders
4
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$2,000.00
Maximum Credit Limit
N/A
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2.5%
Balance transfers
Balance transfer offer
Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A
Balance transfer conditions
Balance Transfer From Personal Loan
No
Balance Transfer Limit Percentage
70%
Balance Transfer Revert Rate
N/A
Rates, fees, charges
Cash advances
Cash Advance Rate
N/A
Cash Advance Fee
N/A
Cash Advance Fee Percentage
N/A
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
23.99% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$0.00
Dishonour Fee
$6.00
Duplicate Statement Fee
$10.00
Foreign Exchange Fee Percentage
N/A
Late Payment Fee
$30.00
Rewards
Rewards program basics
Rewards Program
Velocity Frequent Flyer
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
0.75
Government Rewards Points Earn Rate
0.50
Overseas Rewards Points Earn Rate
0.75
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
Yes
Cardholder's Refund Protection
Yes
Cardholder's Transport Accident Insurance
No
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
No
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. Add up to 4 additional cards for family and friends at no extra charge. The main account owner is responsible for managing the credit limit, repayments, etc.
- Digital wallets. You can use this card with Apple Pay, Google Pay, and Samsung Pay.
- Gambling transactions. This card cannot be used for gambling transactions.
Rewards and benefits
- Complimentary travel insurance. This card does not offer international travel insurance.
- Concierge services. The American Express Velocity Escape Card does not come with access to a concierge service.
- Insurances. Purchases made with the card are covered by refund and purchase insurance, as well as standard fraud protection.
- Rewards points. Use the American Express Velocity Escape Card to earn 1.75 Velocity points per $1 spent with the Velocity Frequent Flyer program. Earn 0.75 Velocity Points per $1 spent on all other purchases. Spend with government bodies, for example, the ATO earns 0.5 Velocity Points per $1 spent.
- Sign-up bonus. There is currently no signup bonus for this card.
Rates and fees
- Annual fee. This card has an annual fee of $0, making it one of the few rewards cards with no annual fee.
- Balance transfers. There is no balance transfer offer on this card at this time.
- Foreign exchange fee. All purchases made in a foreign currency will encounter a 3% foreign transaction fee.
- Interest-free period. The American Express Velocity Escape Card has up to 55 days interest-free on purchases.
- Purchases. The American Express Velocity Escape Card does not have an introductory interest rate offer on purchases. All applicable purchases will attract the standard rate of 23.99% p.a. interest.
Reviewed by Credit Card Compare Staff
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Use it anywhere
Reviewed by Jonathan
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