Velocity Business Charge Card card image

American Express Velocity Business Charge Card

Advertiser disclosure
Purchase rate
n/a
Balance transfer rate
No current offer
Annual fees
$249
Interest free days on purchases
51
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Mozo editorial review American Express Velocity Business Charge Card - last updated: 8 February 2024

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What's hot
  • No pre-set spending limit
  • Earn up to 2 Velocity points per $1 spent
  • 2 complimentary single-entry passes each year to the Virgin Australia lounge at select domestic airports
What's not
  • $249 annual fee
  • $99 per employee card (99 card limit)
Mozo snapshot

If you’re looking for the right charge card for your business, you might want to consider the Amex Velocity Business Card. Right now, new customers can earn 200,000 Velocity bonus points when you spend $5,000 on eligible purchases within two months of approval. 

Plus, there’s the award-winning track record – Amex was crowned 2022 Mozo Experts Choice Credit Card Provider of the Year.

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Key features

The American Express Velocity Business Card makes it easy to manage your cash flow, with up to 51 days to pay for your purchases and no pre-set spending limit. Paid off each month, this charge card is a great way to be on top of business expenditure.

With up to 99 employee cards on the same business account, this charge card can cater for businesses with 10 employees or 80. Business owners can manage all these cards from one statement, and rewards points on all cards are pooled.

If you’re looking at a lot of business trips, the rewards system for this card might catch your eye. You’ll score 2 Velocity Points for every $1 spent with Virgin Australia, as well as 1 point for every $1 spent on most other purchases (0.5 points for $1 for ATO and government spend). 

Velocity rewards points can be used to save on flight upgrades, accommodation, and car rental for you and your employees. You will also receive 2 annual single-entry passes to Virgin Australia lounges at select domestic airports, making business travel feel like a breeze.

Right now, receive up to 200,000 bonus Velocity Points when you apply by 15 May 2024 and spend $5,000 within the first 2 months. Plus join Virgin Australia Business Flyer to jump direct to Tier 2 and receive a complimentary 12-month Velocity Frequent Flyer Gold Membership. Both offers are available for new American Express Card Members only.

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Who is it good for

Available to business owners with annual revenue of $75,000 or more, the Velocity Business Card could be the right choice for anyone looking to manage their business's cash flow while getting great value on travel rewards with the Velocity program.

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Any catches

This card does come with fees attached. The primary cardholder is subject to a $249 annual fee, while additional employee cards each incur a $99 annual fee.

Rewards program details

Rates and fees information correct as at 15 April 2024. 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

1 point 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 2 Velocity Points per $1 spent on travel with Virgin Australia and 0.5 Velocity Points per $1 spent at government bodies.

Two complimentary passes to the Virgin Australia lounge at selected domestic airports each year.

Special offers

Receive 200,000 bonus Velocity Points when you apply by 15 May 2024 and spend $5,000 within the first 2 months. Join Virgin Australia Business Flyer to jump direct to Tier 2 and receive complimentary 12-month Velocity Frequent Flyer Gold Membership. Available for new members only.

Value of rewards points

Spend $19,500 (Amex)

Spend $7,800 (Amex)

Spend $119,600 (Amex)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

n/a

none

No current offer

no

none

51

Fees

$249.00

none

none

none

$20.00

none

3.00%

$10.00

$7.00

$99.00

Features

none

none

up to 99 Employee Cards ($99 per Card)

Charge Card. Late payment fee is the greater of $20 or 3% of the overdue amount applies after cash flow days.

Payment options

Apple Pay, Google Wallet, PayID, Samsung Pay

Rewards privileges

Travel Insurance

Customer Reviews

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