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Flight churn value

The American Express Velocity Escape Plus Card: American Express Velocity Escape Plus Card (Velocity Bonus Offer)

Ended — kept for reference

This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.

I'd like to use my bonus for:

Can I get this?

This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.

Can I get this bonus if I have held a card before?

I have not checked the waiting period for this bonus.

See the waiting rules for every Australian bank →

What must I spend?

$3,000 within 90 days — about $1,000 per month.

Can I get the card?

I do not have a minimum income for this card.

Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.

How long is this available?

The listed end date has passed: 4 August 2026. Date comparison uses the Australia/Sydney calendar. The issuer’s closing time and timezone are not recorded. Check availability with the issuer.

33,000 Velocity points
1.00 points per dollar

Should I keep it after the first year?

Keeping the card costs $95 each year ($95 annual fee) — the first year was $95.

There is no bonus in year two. The fee buys points on your spending, plus the card's perks.

Ongoing earn: 1.00x Velocity points per $1.

Keeping pays off only if the ongoing earn and benefits are worth $95/yr to you.

The maths behind churn value

33,000 Velocity points at 1.7¢ a point − $95 in first-year fees. This is flight value, not cash. It assumes you earn the bonus and pay in full.

This offer has ended. I keep this page so you can check the old terms.

+30,000sign-up bonus
+3,000from $3,000 spend
=33,000Velocity points
×1.7¢per point
=$561value of the points
+$50cashback
−$95first-year fees
=$516churn value

Sydney → London · Business (150,000 pts/way)

22% of one way trip

Points via Air Canada

What this calculation assumes
  • You make the required purchases and the bonus is paid.
  • You pay the balance in full — any interest changes the outcome.
  • The required spend is ordinary planned spending, not extra cost.
  • You close the card before the next annual fee, or you decide keeping it is worth that fee.

Did this help you make a decision?


Terms and evidence

Full current terms

Offer terms

Low FeeOffer Ended

Signup Bonus

30,000 points

Velocity

Minimum Spend

$3,000

within 90 days (about 3 months)

Cash Bonus

$50Virgin Australia Statement Credit

Offer Expires

August 4, 2026

2 months ago

Ongoing Earn Rate

1.00x points per $1 spent

Fees

First Year Annual Fee

$95

Ongoing Annual Fee

$95

From year 2 onwards

Purchase Interest Rate

23.99% p.a.

The value above assumes you pay in full and never pay this. Any interest changes the outcome.

Offer terms history (4 versions — old terms, for checking)

These are published versions of this offer's terms. Each version preserves the conditions available at that time.

Published 21 May 2026

Ended 21 May 2026

No recorded term changes from the previous version.

Published 16 Mar 2026

Changes from terms version 2

Bonus:
40,00030,000
Points Per Dollar:
1.751.00
Bonus Cash Description:
$50 Virgin Australia Statement CreditVirgin Australia Statement Credit

Published 22 Feb 2026

Ended 16 Mar 2026

Changes from terms version 1

Bonus Cash:
$50
Bonus Cash Description:
$50 Virgin Australia Statement Credit
Interest Rate:
23.99

Published 8 Feb 2026

Ended 22 Feb 2026

First recorded terms

Bonus Velocity:
40,000
Annual Fee:
$95
Minimum Spend:
$3,000 in 90 days
Source wording history

Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.


Discussion

About these ended terms (published 21 May 2026) — not the current offer.


Community and personal tools

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