American Express Velocity Escape Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$0

Velocity Frequent Flyer

American Express Velocity Escape Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$0

Velocity Frequent Flyer

Mozo Review   American Express Velocity Escape Card Review

Last updated: 14 August 2018.

What's hot:
  • $0 annual fee

  • Up to 2 Velocity points per $1 spent

  • 55 interest free days

What's not:
  • 1% credit establishment fee for balances transferred

  • 20.74% purchase rate

Mozo snapshot:

The American Express Velocity Escape Card is all about giving you the rewards you want faster, so that you can escape sooner. With a standard earning rate of 1 velocity point per $1 spent and the potential to double that on purchases with Virgin Australia, not to mention the $0 annual fee, this is a card that is truly rewarding.



Key features:
The American Express Velocity Escape Card has a $0 annual fee, as well as a high 20.74% interest rate but if you pay off your card in full each month you'll get 55 interest free days. 

With a balance transfer offer of 0% for 12 months you'll be able to move across any debt you have on an existing card, but bear in mind that the card also comes with a 1% credit establishment fee which is paid upfront. 

You'll get the usual American Express perks like refund and purchase protection and access to American Express travel assistance no matter where you are in the world, but watch out for the 3% foreign currency margin if you do make any purchases overseas with the card.

As this card is linked to the Velocity Frequent Flyer program you'll earn most rewards points (2 points per dollar spent) when you use your card to purchase flights with Virgin Australia. All other purchases will earn 1 point per dollar spent, except at government bodies where you will earn 0.5 points per dollar. Points never expire so you can save them up for a big escape or use them for weekend escape essentials like car hire or hotels.


Who it's good for:

Anyone who wants to get great value for their rewards spend and wants to fly with Virgin or its partner airlines. It comes with a free supplementary card so the Velocity Escape card is particularly good for couples who want to combine their points earnings to get rewards fast.

Any catches?

You'll need to be earning over $40,000 to be eligible for the Velocity Escape card.

Rewards program details

Rates and fees information correct as at 26 September 2018.

What your points get you

Fly Sydney to London

119,600 points

Fly Sydney to Melbourne

7,800 points

$100 Giftcard

19,500 points

$100 Cash

-

Points earning

1 point per dollar on Amex, uncapped

Rewards scheme

Points automatically transferred to your Velocity account

Flights available with Virgin, Air New Zealand, Etihad Airways, Singapore Airlines and other partners.

Earn 1 additional Velocity Point per $1 spent with Virgin Australia. Earn 0.5 Velocity Points per $1 spent at government bodies.

Value of rewards points

Spend $19,500 (AmEx)

Spend $7,800 (AmEx)

Spend $119,600 (AmEx)

Uncapped

Never

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Close

Rate and fee details

Rates
  • 20.74% p.a.

  • none

  • 0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

  • no

  • none

  • 55

Fees
  • $0.00

  • none

  • none

  • none

  • $30.00

  • none

  • 3.00%

  • $10.00

  • $7.00

  • $0.00

Features
  • $30.00

  • 2.5

  • up to 4

  • The maximum balance transfer that can be approved is $10,000 or 70% of approved credit limit, whichever is less.

Payment options

Apple Pay, Google Pay, Samsung Pay

Rewards privileges

Purchase Protection,
Account alerts by SMS

Customer Reviews

How are American Express credit cards rated by the Mozo community?

Overall customer rating
6.6/10
Price
5.5/10
Features
6.8/10
Customer service
6.7/10
Convenience
5.8/10
Trust
7.0/10

Latest reviews of American Express Velocity Escape Card

  • Overall
    3/10
    Too hard to Internet check acc

    Too complex.

    Too complex.

    Price
    3/10
    Features
    3/10
    Customer service
    4/10
    Convenience
    3/10
    Trust
    3/10

    Emma | Queensland

    reviewed about 3 years ago

  • Overall
    1/10
    Customer service is terrible

    I have been a member for a very long time however this doesn't seem to make any difference with...

    I have been a member for a very long time however this doesn't seem to make any difference with American Express. They treat you like a number or worse if you fall accidentally behind in a payment, their rewards program is not good value & the customer service is terrible.

    Price
    2/10
    Features
    3/10
    Customer service
    1/10
    Convenience
    4/10
    Trust
    3/10

    Name not supplied | New South Wales

    reviewed about 5 years ago

  • Overall
    7/10
    Meets my needs - good customer service

    This credit card meets my needs - rewards system could be better but then again could be worse -...

    This credit card meets my needs - rewards system could be better but then again could be worse - customer service good.

    Price
    10/10
    Features
    5/10
    Customer service
    9/10
    Convenience
    7/10
    Trust
    7/10

    Romaine | Victoria

    reviewed about 5 years ago

  • Overall
    2/10
    A bit unreliable as to who accepts these cards

    I just opened a credit card account with AMEX after spending about an hour on the phone working...

    I just opened a credit card account with AMEX after spending about an hour on the phone working out confusing issues with the card. The first shop I tried to use it in told me that they don't accept these cards. This makes me a bit nervous when shopping. The next shop accepted it though, so I have to look at it as a bit of a hit and miss kind of card. They do offer a lot of options for you like SMS and email alerts for just about anything to do with the card, like reaching set limits and reminders, I think that's pretty good.

    Price
    2/10
    Features
    5/10
    Customer service
    4/10
    Convenience
    2/10
    Trust
    2/10

    Gary | New South Wales

    reviewed about 5 years ago

  • Overall
    8/10
    Good rewards, no annual fee - bpay debt monthly!

    Not the best credit card rates, but if you're frugal and pay off debt every month you will find...

    Not the best credit card rates, but if you're frugal and pay off debt every month you will find that the benefits outweighs the cost (which is zero, coz not annual fee) Customer service not the best, which is surprising given that AE is so globalised. Had problems with direct debit for which I've called a few times, with each time being promised that the issue is resolved, lo and behold I get another "faulty direct debit" text from AE. Not that they're rude or didn't speak English, but somehow the system failed the customer. Customer interface is not AE's strongest asset, their iPhone mobile app is subpar compared with the kaching app, their website, well...sucks, ease of access to info not so great. Velocity account linkage is not as seamless, even if this is a velocity AE card, was told to call the other party when I rang AE and then Virgin to ask about an issue. But velocity rewards are so good!

    Price
    5/10
    Features
    8/10
    Customer service
    6/10
    Convenience
    1/10
    Trust
    7/10

    Name not supplied | New South Wales

    reviewed about 5 years ago

American Express

About American Express

American Express is a global mega provider of credit cards, including gold cards, platinum cards, charge cards and more. With American Express, you can find a credit card to suit your lifestyle, tastes and aspirations. If you're a rewards points junkie, be sure to check out the hugely popular American Express rewards programs, including Qantas Frequent Flyer points and Qantas Club rewards.

See American Express credit cards

American Express

American Express

Qantas Discovery Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$0

American Express

American Express

Qantas Ultimate Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$450

American Express

American Express

Qantas Premium Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$249

American Express

American Express

Platinum Edge Credit Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$195

American Express

American Express

Velocity Platinum Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$375

American Express

American Express

Essential Credit Card

14.99% p.a.

0% p.a. for 12 months and then 14.99% p.a. (3.00% balance transfer fee)

$0

American Express

American Express

Explorer Credit Card

20.74% p.a.

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$395

Woolworths

Woolworths

Everyday Platinum Credit Card

0% p.a. for 14 months and then 21.99% p.a.

19.99% p.a.

$49 $0 in the first year

American Express

American Express

Explorer Credit Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

20.74% p.a.

$395

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 6 months and then 20.99% p.a.

0% p.a. for 14 months then 20.74% p.a.

$129

American Express

American Express

Velocity Escape Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

20.74% p.a.

$0

Westpac

Westpac

Altitude Black with American Express

No current offer

20.24% p.a.

$499 $300 in the first year

ANZ

ANZ

Rewards Black

No current offer

18.79% p.a.

$375

Citi

Citi

Platinum

0% p.a. for 12 months and then 21.74% p.a. (0% balance transfer fee)

20.99% p.a.

$149 50% off annual fee when you spend $24,000 in the preceding year., $49 in the first year

St.George

St.George

Amplify Signature

No current offer

19.49% p.a.

$279 $179 in the first year

Woolworths

Woolworths

Everyday Platinum Credit Card

1 point per dollar on Visa, uncapped

19.99% p.a.

$49 $0 in the first year

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0.66 points per dollar on Visa, up to $1,500 per month, then
0.5 points per dollar on Visa, uncapped

20.74% p.a.

$129

American Express

American Express

Explorer Credit Card

2 points per dollar on Amex, uncapped

20.74% p.a.

$395

Westpac

Westpac

Altitude Black with American Express

1.25 points per dollar on Amex, 0.75 points per dollar on Mastercard, uncapped

20.24% p.a.

$499 $300 in the first year

American Express

American Express

Velocity Escape Card

1 point per dollar on Amex, uncapped

20.74% p.a.

$0

NAB

NAB

Qantas Rewards Signature Card

1 point per dollar on Visa, up to $5,000 per month, then
0.5 points per dollar on Visa, up to $20,000 per month

19.99% p.a.

$395 $295 in the first year

St.George

St.George

Amplify Signature

0.75 points per dollar on Visa, uncapped

19.49% p.a.

$279 $179 in the first year

Virgin Money

Virgin Money

Virgin Australia Velocity High Flyer Card

1 point per dollar on Visa, up to $8,000 per month, then
0.5 points per dollar on Visa, uncapped

20.74% p.a.

$289

Woolworths

Woolworths

Everyday Platinum Credit Card

0% p.a. for 14 months and then 21.99% p.a.

$49 $0 in the first year

19.99% p.a.

American Express

American Express

Velocity Escape Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$0

20.74% p.a.

28 Degrees

28 Degrees

Platinum Mastercard

4.99% p.a. for 6 months and then 21.99% p.a.

$0

21.99% p.a.

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 18 months and then 20.99% p.a.

$129 $64 in the first year

20.74% p.a.

Citi

Citi

Platinum

0% p.a. for 24 months and then 21.74% p.a. (1.50% balance transfer fee)

$149 $49 in the first year

20.99% p.a.

American Express

American Express

Explorer Credit Card

0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

$395

20.74% p.a.

ANZ

ANZ

Low Rate

0% p.a. for 15 months and then 21.74% p.a.

$58

12.49% p.a.

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 6 months and then 20.99% p.a.

$129

0% p.a. for 14 months then 20.74% p.a.

NAB

NAB

Low Rate Platinum Card

13.99% p.a.

$100

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

ANZ

ANZ

Low Rate

12.49% p.a.

$58

0% p.a. for 15 months and then 21.74% p.a.

American Express

American Express

Essential Credit Card

14.99% p.a.

$0

0% p.a. for 12 months and then 14.99% p.a. (3.00% balance transfer fee)

St.George

St.George

Vertigo Platinum - Exclusive Offer

12.74% p.a.

$99

0% p.a. for 25 months and then 19.49% p.a.

NAB

NAB

Low Rate Platinum Card

0% p.a. for 9 months then 13.99% p.a.

$100

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

NAB

NAB

Low Rate Card

0% p.a. for 6 months then 13.99% p.a.

$59

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

Bendigo Bank

Bendigo Bank

Low Rate Platinum Mastercard

11.99% p.a.

$89

No current offer

Westpac

Westpac

Lite Card

9.90% p.a.

$108

No current offer

Woolworths

Woolworths

Everyday Platinum Credit Card

19.99% p.a.

0% p.a. for 14 months and then 21.99% p.a.

$49 $0 in the first year

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 14 months then 20.74% p.a.

0% p.a. for 6 months and then 20.99% p.a.

$129

Westpac

Westpac

Altitude Black with American Express

20.24% p.a.

No current offer

$499 $300 in the first year

ANZ

ANZ

Rewards Black

18.79% p.a.

No current offer

$375

St.George

St.George

Amplify Signature

19.49% p.a.

No current offer

$279 $179 in the first year

NAB

NAB

Low Rate Platinum Card

13.99% p.a.

0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)

$100

Bendigo Bank

Bendigo Bank

Low Rate Platinum Mastercard

11.99% p.a.

No current offer

$89

ANZ

ANZ

Frequent Flyer Black

19.99% p.a.

No current offer

$425