Should I get the American Express® Velocity Business Card?
Receive 200,000 bonus Velocity Points for new American Express Card Members who apply by 15 May 2024 and spend a minimum of $5,000 on eligible purchases in the first 2 months of approval. Plus, join the Virgin Australia Business Flyer program to instantly reach Tier 2 and receive a free 12-month Velocity Frequent Flyer Gold Membership upon meeting eligibility and spending requirements.
American Express® Velocity Business Card Overview
Annual Fee
$249
Bonus Points
Earn 200,000 bonus Velocity Points when you apply by 15 May 2024, are approved and spend $5,000 on eligible purchases on your new American Express® Velocity Business Card within 2 months of your approval date. Plus join the Virgin Australia Business Flyer program to jump direct to Tier 2 and receive a complimentary 12-month Velocity Frequent Flyer Gold Membership.
Points Earn Rate
2 Velocity Points per $1 spent on travel with Virgin Australia, and 1 Velocity Point per $1 spent through Sniip* with bonus Velocity Points available^.
Rewards Program
Velocity Points
Cash Flow
Up to 51 days to pay for purchases
Designed for SMEs
Increase your reward points and enjoy travel extras
*Use your American Express Credit Card to pay bills through Sniip, and earn full points for ‘everyday purchases’ on all payments (including payments to government bodies such as the ATO). The Sniip MCC code for Amex is 7399, which should not be excluded from your Credit Card reward programs. This means, when you pay with Sniip you can earn full reward points.
^ Earn bonus Velocity Points when you pay business bills through Sniip. Link your Virgin Australia Business Flyer account to your Sniip account to earn bonus Velocity Points (plus 1 Velocity Point per $1) when you pay business bills through Sniip. Learn more.
Benefits of the American Express® Velocity Business Card
Redeem points to offset business travel:
Utilise your Velocity Points to access savings on business-class flights, upgrades, hotel accommodations, and car rentals for both you and your staff. Earning and redeeming Points are governed by the Velocity Membership Terms and Conditions.
Unlock greater savings:
As a Virgin Australia Business Flyer Member, enjoy up to 6% off eligible fares when booked via the Booking Portal or through a travel management company.
Complimentary Travel Insurance:
When you pay for your return trip with your American Express Velocity Business Card, enjoy complimentary Travel Insurance for yourself, your family, and your Employee Card Members, ensuring peace of mind when travelling.
Get comfortable for less:
Receive two complimentary passes annually to the Virgin Australia lounge at selected domestic airports. Additionally, save on discounted annual Virgin Australia Domestic Lounge Memberships for your team.
No pre-set spending limit:
With the American Express Velocity Business Card, you’ll have the flexibility of no pre-set spending limit, subject to various factors like income and expenses. This allows you to manage purchases, investments, and supplier payments without needing your business or personal assets as collateral. Additionally, since your statement is paid in full monthly, you avoid accruing interest on the balance.
More breathing room:
Give your business the advantage of up to 51 cash flow days to pay for purchases.
Flexible Payment Option:
Gain better cash flow management by opting to repay a portion of your balance, up to your FPO limit, gradually. This empowers you to adapt to changes and capitalise on business opportunities. Interest charges may apply.
Centralise and manage employee spending:
Boost your cash flow and streamline reporting by providing Employee Cards to essential team members. Consolidating their spending under one payment method offers enhanced control and visibility. Additionally, Employee Cards earn Points at the same rate as the Primary Card.
Earn more Velocity Points on your payments:
Earn Velocity Points per $1 spent on your Card with:
– 2 Points per $1 on travel spend with Virgin Australia
– 1 Point per $1 on everyday spend (including ATO and government spend when you pay through Sniip).
Additionally, benefit from earning uncapped points and the convenience of having points transferred automatically to your Velocity account each month.
Business automations for financial reporting:
Streamline your business’ reporting and reconciliation with automatic feeds from your American Express Card Accounts into your existing Microsoft® Excel, Quicken™, and MYOB®.
Increased security with fraud protection:
Protect your card from unauthorised transactions with American Express’ global fraud detection and unauthorised transaction liability coverage.
Fast card replacement:
Replace lost or stolen Cards worldwide within 48 hours.
Easy payments from your smartphone:
Quickly and securely make payments using your linked Card with Apple Pay®, Samsung Pay®, or GooglePay® on your mobile.
EARN 200,000 BONUS QANTAS POINTS
Receive 200,000 bonus Velocity Points for new American Express Card Members who apply by 15 May 2024 and spend a minimum of $5,000 on eligible purchases in the first 2 months of approval.
Plus, join the Virgin Australia Business Flyer program to instantly reach Tier 2 and receive a free 12-month Velocity Frequent Flyer Gold Membership upon meeting eligibility and spending requirements.
How do I earn and redeem my Velocity Points?
With your American Express® Velocity Business Card, you will gain complimentary membership to the Virgin Australia Business Flyer program to instantly reach Tier 2 and receive a free 12-month Velocity Frequent Flyer Gold Membership upon meeting eligibility and spending requirements. The Velocity Points you earn can be redeemed on flights, or transferred to any Virgin Ausralia Account.
Unlock a fool-proof method to earning full, uncapped (1 Velocity Point) on every bill payment (including government transactions like ATO and superannuation) when you pay through the Sniip mobile app. Learn how today.
Is this card right for me?
The below conditions are required to apply for the American Express® Velocity Business Card:
You’ll need the following information when applying for the American Express® Velocity Business Card:
Compare American Express Business Cards
Easily compare American Express Business Cards side by side to uncover the card that caters best to your unique needs. We take the heavy lifting out of the research and only list the best deals that are worth your while.
Frequently Asked Questions
Most credit cards offer an interest-free period ranging from 44 to 55 days. If you settle the entire balance before this period ends, no interest is accrued. Yet, failing to clear the full balance results in interest charges. Therefore, it’s crucial to monitor statements and settle the full amount before the interest-free period expires.
Redeem points directly on flights, accommodation, and car rental with American Express Travel online booking service, as well as Webjet and helloworld. Or transfer points to your choice of 12 world-class airline partners including Qantas, Virgin Australia, and Air New Zealand where you can use them for flights and upgrades.
The minimum income required to apply for an American Express Business Card varies from card-to-card.
- American Express Platinum Business Card: $XYZ
- American Express Qantas Business Rewards Card: $XYZ
- American Express Business Explorer Card: $XYZ
- American Express Velocity Business Card: $XYZ
Please note: these amounts are an estimation and the actual requirement may vary based on the economic climate and American Express’s lending criteria.
When you’ve applied for credit or a loan, a credit report detailing your financial history is created.
You’re entitled to receive a copy of your credit report every three months for free.
Included in your credit report is your credit rating, indicating the category your credit score falls into (e.g., low, fair, good, very good, excellent).
Accessing your report online typically takes one to two days. Alternatively, you may wait up to ten days to receive it via email or mail.
To obtain your free credit report, reach out to the following credit reporting agencies:
- Experian: 1300 783 684
- illion: 132 333
- Equifax: 138 332
As the information held by different agencies may vary, you may have credit reports with more than one agency.
Maximise and accelerate your points earn by paying all your bills through the Sniip mobile app. Earn 2.25 points on everyday purchases, and on all your bill payments (including ATO, land tax, insurance, superannuation, and more) when you pay through Sniip with your American Express card.
Sniip processes your transaction as a two-legged transaction. When you use a rewards credit card, you will earn points on the first leg of the transaction (payment into the Sniip Trust account) even if Amex isn’t accepted by your biller, and even if you’d earn reduced points / no points if you pay the biller directly (for example government billers).
Sniip will make payments via BPAY on the second leg of the transaction and this utilises the BPAY Scheme.
This process allows you to earn full points on all of your bills which is a big reason why our users love Sniip so much.
Sign up for Sniip for free today, and start earning uncapped points on every single bill payment!
Disclaimer:
Please note that the information provided here is for general informational purposes only and may not always reflect the most accurate or up-to-date details. We strongly advise users to refer to the official American Express website for the latest and most precise information regarding products, services, terms, and conditions. While we strive to ensure the accuracy of the information presented, we cannot guarantee its completeness or timeliness. Any reliance you place on the information provided here is strictly at your own risk. We encourage you to verify all information directly with American Express before making any decisions or taking any actions based on the information provided.