The American Express Velocity Platinum Card
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?
$5,000 within 90 days — about $1,667 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: 14 October 2025. Date comparison uses the Australia/Sydney calendar. The issuer’s closing time and timezone are not recorded. Check availability with the issuer.
Should I keep it after the first year?
Keeping the card costs $440 each year ($440 annual fee) — the first year was $440.
There is no bonus in year two. The fee buys points on your spending, plus the card's perks.
Ongoing earn: 1.25x Velocity points per $1.
Keeping pays off only if the ongoing earn and benefits are worth $440/yr to you.
$450 in Coles gift cards (96,516 of 106,250 Velocity points; 9,734 left over) − $440 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
This offer has ended. I keep this page so you can check the old terms.
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.
- Gift card prices can change. I check them again at renewal time.
Did this help you make a decision?
Enjoy a complimentary annual Virgin Australia return economy domestic flight between selected cities after your first Card spend each anniversary year. Receive 100 Velocity Frequent Flyer Status Credits when you spend at least $50,000 on eligible purchases in your Card Membership year.
Terms and evidence
Full current terms
Offer terms
Signup Bonus
100,000 points
Velocity
Minimum Spend
$5,000
within 90 days (about 3 months)
Cash Bonus
Offer Expires
October 14, 2025
a year ago
Ongoing Earn Rate
1.25x points per $1 spent
Fees
First Year Annual Fee
$440
Ongoing Annual Fee
$440
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.
Benefit history (7 changes)
- No Additional Cardholder FeeUpdated May 2026
- Digital Wallet IntegrationUpdated May 2026
- Installment PlansUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
- Travel InsuranceUpdated May 2026
- Status CreditsUpdated May 2026
- Lounge AccessUpdated May 2026
Now Virgin Australia Lounge.
Offer terms history (15 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 18 Oct 2026
Changes from terms version 14
Changes from terms version 13
No recorded term changes from the previous version.
Changes from terms version 11
No recorded term changes from the previous version.
Changes from terms version 9
Changes from terms version 8
No recorded term changes from the previous version.
Changes from terms version 6
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Expiration changed from 26/06/24 to no expiration2 years ago
- Expiration changed from 15/05/24 to 26/06/24, Bonus from 100K to 60K, Second Year Bonus from NaN to 0, Notes from Includes Complimentary Virgin Australia return Economy domestic flight between selected cities each year after your first Card spend each anniversary year to Enjoy a complimentary annual Virgin Australia return economy domestic flight between selected cities after your first Card spend each anniversary year. Receive 100 Velocity Frequent Flyer Status Credits when you spend at least $50,000 on eligible purchases in your Card Membership year.2 years ago
- Expiration changed from no expiration to 15/05/24, Bonus from 60K to 100K3 years ago
- Bonus lowered from 75k to 60k3 years ago
- Bonus increased from "60000" to "75000"3 years ago
- Lowered bonus points to 60,0003 years ago
Discussion
About these ended terms (published 23 Sep 2025) — not the current offer.
Community and personal tools
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