Amex’s new Velocity Points offer spells happy holidays for platinum customers!

Tara McCabe

19 Feb 2020

redactor/hero-images/1392/Amex_credit_cards_Velocity_content.jpg

Got an American Express credit card stashed in your wallet? Dreaming about jetting off somewhere sunny? Then listen up! As of yesterday, the credit card giant is offering Platinum and Centurion card holders the opportunity to earn some sweet bonus Velocity Points.

So if you have one of these American Express credit cards then you could bag up to 20% bonus Velocity Points up until 29th February this year when transferring Membership Rewards Points to Velocity Points. 

Now you might have blue skies and tropical climes in your eyes already, but don’t get too carried away just yet! As with most things, there are a few boxes to tick before the extra Velocity Points grace your account.

To earn the bonus points you’ll have to be a current Amex Platinum or Centurion card holder and be a member of one of these rewards programs:

  • • Ascent

  • • Gateway

  • • Premium Ascent

  • • Business Ascent

  • • David Jones Membership Rewards program

You’ll need a minimum of 2,000 Membership Points to transfer, or 1,998 if you’re a Business Ascent member, and be a current member of the Velocity Frequent Flyer program. You may also have to sit kicking your heels for one business day while your points make their way to your Velocity Frequent Flyer account.

Ascent, Gateway, Business and David Jones rewards members should be able to snag a sweet 15% worth of bonus Velocity Points on transfers, while eligible Premium Ascent members can enjoy an even better 20% worth of bonus points.

RELATED: Everything you need to know about the American Express Membership Rewards program

Don’t have an Amex Platinum credit card? Irritated that you missed out on this offer? If you’re looking for a piece of plastic for your wallet and think you could benefit from deals like this in the future, why not check out the American Express Platinum credit cards below so that you don’t miss out next time!

Promoted

American Express Velocity Platinum Card
  • 50,000 bonus Velocity Points offer (conditions apply)

  • 2 complimentary lounge passes per year

  • 1.25 Velocity Points per $1 spend

If you’re a constant jetsetter and you love bulking up your Velocity Points, you might be interested in checking out American Express’s Velocity Platinum Card. With this platinum credit card you could bag yourself 50,000 bonus Velocity Points if you apply online and spend $3,000 within the first three months of being approved. Plus if you like a bit of comfort before you fly, then you’ll be happy to hear that with this credit card you can enjoy two complimentary passes to the Virgin Australia lounge each year at a number of domestic airports across the country. Just keep in mind that this card does come with a $375 annual fee and a purchase rate of 20.74%.

Promoted

American Express Platinum Edge Credit Card
  • $200 travel credit each year

  • Earn 3 Membership Rewards points per $1 spent at major supermarkets and petrol stations

  • Complimentary travel insurance (conditions apply)

If you travel a lot and you don’t mind booking through American Express Travel, you could be eligible for a neat $200 worth of travel credit every year to put towards flights, hotels and car hires with this credit card. And, as long as you book your return flight with your Amex card, you, your partner and your children could benefit from complimentary travel insurance. Plus if you often find yourself taking your Amex card grocery shopping with you, you might be interested to know that for every $1 spent at participating supermarkets and petrol stations you could earn 3 rewards points. The card does come with a $195 annual fee and a purchase rate of 20.74%, but if you think the fee is worth the points and you’re a stickler for paying off your bill within the 55 interest free days period, then it might be worth looking into.

If you’re still on the hunt for a credit card to compliment your wallet, why not head to Mozo’s credit cards comparison page to have a look at more options.

Mozo may receive advertising fees from the financial institutions, issuers of financial or credit products and third party advice providers that are shown on this page. These fees are based on a cost per click, cost per acquisition, or a fixed fee.