Building up your Velocity Points balance is easy when you use the tier based system attached to AMEX’s Velocity Platinum Card to your advantage.
Here's what you'll earn:
- 2.5 points per $1 spent: at Virgin Australia
- 1.5 points per $1 spent: on all other purchases
- 0.5 points per $1 spent: at government bodies
The 50,000 bonus points is available to new cardholders who spend $3,000 within 3 months of being approved. You can also bag 100 Velocity Frequent Flyer Status Credits, when you spend a minimum of $50,000 within a year of being a member.
And if you want to cash in your points with an airline, you don’t just have Virgin to choose from but Air New Zealand, Etihad Airways, Singapore Airlines and others too. The best part is points never expire and there’s no cap on the amount you can earn.
Benefits of the AMEX Velocity Platinum Card that we haven’t mentioned yet include free travel insurance, purchase protection and complimentary lounge entry.
Who it's good for:
Rewards card lovers ready take advantage of the perks that the AMEX Velocity Platinum Card has to offer, while at the same time prepared to pay their bills in full and by the due date to avoid the hefty 20.74% purchase rate.
Remember that the bonus points are a Partner Exclusive, so you'll need to apply through Mozo to snag these points.
As well as having to fork out $375 for an annual card fee, you'll have to earn at least $65,000 a year and have a good credit rating to be eligible for the card.