American Express Velocity Platinum Credit Card

The basics

• Additional cardholders. Add up to 4 additional cards for family and friends at no extra charge. The main cardholder will be responsible for the management of the account, for example, making sure repayments are on time and managing credit.
• 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. Amex automatically block any transaction classified as such.

Rewards and benefits

• Complimentary travel insurance. This card comes with complimentary international travel insurance. Cover is active on trips that begin and end in Australia and was paid for using the card. More detailed conditions are described on the American Express website. Includes medical emergency expenses cover, transport accident cover, up to $10,000 cover for loss or damage to baggage, money, or documents, plus travel inconvenience cover up to $200 if your flight is delayed.
• Concierge services. The American Express Velocity Platinum Credit Card comes with two passes for the Virgin Australia Lounge network each year. Additionally, you get two passes for The Centurion® Lounge at Sydney and Melbourne airports each year.
• Free flight. Get a complimentary free domestic flight each year. Available on flights between selected cities in Australia.
• Insurances. Items purchased with the card are covered by purchase protection, refund protection, and fraud protection guarantee.
• Sign-up bonus. American Express offers 60,000 bonus Velocity Points when you apply online, are approved, and spend $3,000 on eligible purchases on your new Card within the first 3 months. Available to new Amex Card Members only.

Rates and fees

• Annual fee. The annual fee for this card is $375 p.a.
• Balance transfers. There is no balance transfer offer available on this card at this time.
• Foreign exchange fee. Purchases made in a foreign currency, for example, while travelling overseas or when shopping online, will attract a 3% fee. All fees will be charged in Australian dollars.
• Interest-free period. The American Express Velocity Platinum Credit Card has up to 55 days interest-free on purchases. There is no interest-free period when you carry a balance over from the previous statement period.
• Purchases. With no introductory offer on purchases currently available, all purchases made with the American Express Velocity Platinum Credit Card will attract an interest of 23.99% p.a.