Velocity Escape Card card image
Mini meca 2021

American Express Velocity Escape Card

Advertiser disclosure
Purchase rate
20.74% p.a.
Balance transfer rate
No current offer
Annual fees
Interest free days on purchases

Mozo editorial review American Express Velocity Escape Card - last updated: 3 May 2022

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What's hot
  • 2021 Credit Card Provider of the Year
  • $0 annual fee
  • Up to 55 interest-free days
What's not
  • 20.74% p.a. 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 Velocity Points on offer, a $0 annual fee and up to 55 interest-free days this is a card that is truly rewarding.

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

You'll get the usual American Express perks like card refund cover and card purchase cover 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.

What's more, 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.

Current offer up for grabs: When you transfer a minimum of 2,000 Membership Rewards points to your Velocity Frequent Flyer Account in one transaction by 31 May 2022 you could receive 15% bonus Velocity Points. Centurion, Platinum Charge, Platinum Business or Rewards Advantage Card Members will receive 20% bonus Velocity Points.

Who is it 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 up to four additional cards at no extra cost, so the Velocity Escape card is particularly good for couples who want to combine their points earnings to get rewards fast.

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Any catches

You'll need to be earning over $40,000 to be eligible for the Velocity Escape card (along with some other eligibility criteria).

Rewards program details

Rates and fees information correct as at 30 June 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

119,600 points

Fly Sydney to Melbourne one-way

7,800 points

$100 Giftcard

19,500 points

$100 Cash


Points earning

0.75 points per dollar on Amex, uncapped

Rewards scheme

Points automatically transferred to your Velocity account.

Redeem Velocity Points with Virgin, Air New Zealand, Etihad Airways, Singapore Airlines and other partners.

Earn 0.5 Velocity Points per $1 spent at government bodies, earn 1.75 Velocity Points per $1 spend on selected Virgin Australia products and services.

Value of rewards points

Spend $26,000 (AmEx)

Spend $10,400 (AmEx)

Spend $159,467 (AmEx)



How do we calculate these points?
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.


Rate and fee details


20.74% p.a.


No current offer


















up to 4


Payment options

Apple Pay, Google Pay, Samsung Pay

Rewards privileges

Account alerts by SMS,
Card Purchase Cover

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