Offer ends: 4 Aug 2026
FIND OUT MORE & APPLY
Point Hacks may receive a commission from the card issuer for each applicant of this card More about this.
Offer available to new American Express Card Members only. T&Cs apply.
Card Overview
Earn 150,000 bonus Velocity Points + 100 Status Credits¹ when you apply by 4 August 2026, are approved and spend $5,000 on eligible purchases on your new American Express® Velocity Business Card within 2 months of your approval date.
Key Attributes
Earn
Velocity Points per $1
2 Points
on eligible Virgin Australia purchases⁵
1 Point
on everyday purchases, except for government bodies⁶
0.5 Points
on government spend⁶
Travel Benefits
Travel Insurance
Complimentary Travel Insurance⁸ when you use the Card to pay for your return trip (PDS)
Virgin Australia Lounge
Two complimentary single-entry passes to the Virgin Australia Lounge⁷
Flight Discounts
As a Virgin Australia Business Flyer Member, save up to 6% on great value fares on eligible flights, when booked via the Booking Portal⁵
Points Cap
No
Annual Fee
$249 p.a.
ATO Points
No
Overseas Transaction Fee
3%
of the converted amount
Interest-free Period
Up to 51 days
Purchase Rate
N/A
Cash Advance Rate
N/A
Why Choose This Card
The American Express Velocity Business Card is designed for business owners who want to turn everyday spending into Velocity Points while keeping control over expenses simple. You’ll earn points on every eligible purchase, with higher rates when spending with Virgin Australia, and all points automatically credited to your Velocity account each month for easy redemption on flights, upgrades and rewards. Up to 99 Employee Cards² can be added, helping consolidate business expenditure and grow your Velocity balance faster across your team.
Travel perks include two complimentary Virgin Australia Lounge passes each year, along with travel insurance that covers both domestic and international trips when they’re booked on the card.
Operating as a charge card, it provides flexible spending power³ with no pre-set limit and up to 51 days to pay, helping you manage cash flow more effectively. Combined with the opportunity to earn a substantial welcome bonus and no cap on point earning, it’s a strong option for businesses seeking both rewards and control in their day-to-day operations.
This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.
Where could 150,000 Velocity points take you?
You could redeem them for the following:
Experience Business Class at its best
Fly one-way from Australia’s East Coast to Istanbul in Qatar Airways Qsuite for 139,000 Points (redemption value calculated on 17 April 2026). Taxes and carrier charges apply**.
From Perth to the heart of Europe
Fly one-way from Perth to London, Paris or Amsterdam in Business Class for 139,000 Points (redemption value calculated on 17 April 2026). Taxes and carrier charges apply**.
Extra Benefits
Complimentary Insurance
Medical Emergency Expenses Cover, Business Trip Completion Cover, Trip Cancellation and Amendment Cover and Personal Liability Cover⁸ (PDS)
Mobile Wallet
Apple Pay, Google Wallet and Samsung Pay
Charge Card
Access a line of unsecured funding with flexible spending power³
The American Express Velocity Business Card is offering 150,000 bonus Velocity Points + 100 Status Credits for New American Express Card Members who apply by 4 August 2026, are approved and spend $5,000 or more on eligible purchases on your new card within the first 2 months of the approval date¹. T&Cs apply. Available for new American Express Card Members only.
The Card can benefit small businesses who travel frequently with Virgin Australia or any of its partner airlines. It offers 1 Velocity Point per $ spent on most purchases, automatic transfer of Points earned each month to Velocity Frequent Flyer, plus Travel Insurance along with Travel Inconvenience Cover.
The Card also attempts to simplify the monitoring of business expenditures with integrations into various accounting packages.
Earning Points
The American Express Velocity Business Card has the following variable earn rate structure:
- 2 Velocity Points per $1 spent for purchases with Virgin Australia
- 1 Velocity Point per $1 spent on Card purchases, except those listed in 0.5 Points category
- 0.5 Velocity Point per $1 spent on utilities, insurance providers (with the exception of American Express) and government bodies
Virgin Australia purchases will only attract the 2 Velocity Points per $1 for purchases made in Australia, that is, for purchases that are transacted in Australian Dollars.
For example, a purchase of a return Sydney to Los Angeles airfare through the Australian version of the Virgin Australia website would attract the 2 Velocity Points, however, a return Los Angeles to Sydney flight purchased through the US version of the site (and billed in USD) would not.
Card Details
| Card | American Express Business Velocity Card |
| Loyalty program | Velocity Frequent Flyer |
| Points earned from spend | 1 Velocity Point earned per $1 on all eligible spend except for government bodies 2 Velocity Points per $1 spent on selected Virgin Australia purchases 0.5 Velocity Points per $1 on Government spend |
| Points cap | None |
| Earns Points at ATO | Yes (reduced earn rate of 0.5 Point/$) |
| Travel benefits | Each year: 2x Virgin Australia lounge passes |
| Included insurances | Medical Emergency Expenses Cover Business Trip Completion Cover Trip Cancellation and Amendment Cover Personal Liability Cover (PDS) |
| Overseas transaction fee | 3% of the converted amount |
| Mobile wallet | Apple Pay, Google Pay and Samsung Pay |
| Minimum income requirement | Annual business revenue of $75,000 or more |
| Annual fee | $249 p.a. |
Complimentary Insurance
Complimentary Domestic and Overseas Travel Insurance comes as a feature of the Card, providing both the Card Member and any additional Card Members with cover when you use the Card to pay for the return trip.
The Card also comes with Travel Inconvenience Cover, providing coverage for flight delays, missed connections or delayed luggage, and Travel Accident Cover, where up to $20,000 of outstanding charges will be waived when the Card Member finds themselves in a serious accident while travelling for business.
Full terms and conditions for this insurance can be found here Insurance Terms and Conditions – American Express Velocity Business Card.
This guide references some of the benefits of insurance policies provided with this Card. You should read the PDS and obtain independent professional advice before obtaining this product.
Complimentary Virgin Australia Lounge Entry
Two complimentary single entry passes to the Virgin Australia lounge are on offer every year, allowing Card Members to experience the amenities available in Virgin Australia branded lounges within Australia.
For a more about the benefits of lounge access, take a look at our guide to Virgin Australia lounges →.
Keeping track of Business Spending
To assist with keeping track of the business’s financial performance and spending, the American Express Velocity Business Card allows for statements and transaction details to be downloaded and balances to be viewed using Quicken, MYOB or Microsoft Excel.
This is a Charge Card
An important point to note is that this Card is a Charge card, meaning that the balance of the Card must be paid in full every month.
Unless American Express tell you otherwise, your American Express Charge Card comes with flexible spending power, also known as no-pre-set spending limit. This means that the amount you can spend is dynamic and can adapt based on your transaction patterns, your businesses credit rating and other factors. The way you use your Card can help your spending power grow, particularly in the first few months. To help maximise your spending power, you can make regular transactions and don’t miss any payments.
Mobile wallet integration
American Express Cards work with Apple Pay®, Google Wallet™ and Samsung Pay, meaning you can use this card on your smartphone for easier payments.
Read the Point Hacks guide to using Apple Pay or for using Google Wallet and Samsung Pay, including instructions on how to add your American Express card to those services.
With this feature set up, it means you could still use your NFC-enabled phone to make purchases with your American Express account, even if your physical card is lost or stolen and pending replacement.
Summing Up – American Express Velocity Business Card
With a moderate annual fee, the Card provides many small business and travel friendly features, such as complimentary Travel Insurance, Travel Inconvenience Cover and Transport Accident Cover and the ability to easily monitor business transactions.
Small businesses can earn meaningful travel rewards through a generous earn rate on Virgin Australia purchases, and if travel rewards aren’t the preferred redemption option, the ability to redeem for a large variety of redemption options.
Ultimately the American Express Velocity Business Card could be viewed alongside the consumer-centric offering from American Express, the Velocity Platinum. This has a higher annual fee but offers a number of additional categories of spend with bonus Points, and a free domestic Virgin Australia flight each year, which for some people may work better to earn you more Velocity Points and offer greater value.
You’ll have to weigh up whether the business specific features of the Velocity Business Card are more important than the benefits of the Velocity Platinum.
150,000 bonus Velocity Points + 100 Status Credits¹ with the American Express Velocity Business Card was last modified: April 29th, 2026 by
Eligibility Criteria
These are the minimum requirements to be eligible to apply for this Card. Other additional eligibility criteria, such as proof of income, will generally be required later on.
-
Be aged 18 years or over
-
Be an Australian citizen, permanent resident, or hold a long-term visa
-
Have a good credit history and no payment defaults
-
Annual business revenue of $75,000 or more
-
To be eligible for the bonus offer, you must not hold, or have held, any American Express Card issued in Australia in the past 18 months
Frequently Asked Questions
Can additional cardholders be added and do their spends earn points?
You can add up to 99 employee cards², with a fee of $99 per annum per card.
Does this card include travel insurance?
Yes, complimentary insurance cover⁸ is available when you pay for your trip with the card, including baggage, delay and accident insurance.
What lounge access benefits are included?
You’ll get 2 complimentary lounge passes⁷ for use in Virgin Australia Domestic Lounges. If you find you’re flying Virgin Australia often, the card also provides a discount on Virgin Australia lounge memberships.
Who is eligible for the bonus Velocity points on this card?
New Card Members only (those who haven’t held any Amex card issued by American Express Australia in the past 18 months) and who meet the minimum spend requirement.
What's the difference between a credit card and a charge card?
A charge card must be paid off in full at the end of every statement period. The AMEX Velocity Business Card is a charge card.
Terms and Conditions
American Express approval criteria applies. Subject to Terms and Conditions. Fees and charges apply. All information is correct as at 14 January 2026 and is subject to change. This offer is only available to those who reside in Australia. Cards are offered, issued and administered by American Express Australia Limited (ABN 92 108 952 085). ®Registered Trademark of American Express Company.
1. Bonus & Eligibility
150,000 bonus Velocity Points + 100 Status Credits: Offer only available to new American Express Card Members who apply by 4 August 2026, are approved and spend $5,000 on eligible purchases on their new Card in the first two (2) months from the Card approval date. Eligible purchases do not include Card fees and charges, for example annual fees, interest, late payment, cash advances, balance transfers, traveller’s cheques, and foreign currency conversion. Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the past 18 months are ineligible for this offer. 150,000 bonus Velocity Points will be awarded to the eligible Card Member’s Account 8-10 weeks after the spend criteria has been met. 100 Status Credits will be issued by Velocity into the Card Member’s Velocity Frequent Flyer account within 30 days of receiving the 150,000 bonus Velocity Points. Any Status Credits earned through this offer are subject to expiry after 12 months from date of issue. Velocity members also need to fly on Virgin Australia marketed flights to earn Eligible Sectors in addition to Status Credits to upgrade or maintain a new level of membership, for more information visit here. Velocity membership and Points earn and redemption are subject to the American Express Velocity Business Card Points Terms and Conditions as amended from time to time. $249 Annual Card Fee applies. This offer is not applicable or valid in conjunction with any other advertised or promotional offer.
2. Employee Cards
Employee Card Members must be over 18 years of age. The Business and the Primary Card Member are jointly and severally liable for all Employee Card spending. Each employee is entitled to only one (1) Employee Card.
3. Flexible Spending Power
Unless we tell you otherwise, your American Express Charge Card comes with flexible spending power, also known as no-pre-set spending limit. This means that the amount you can spend is dynamic and can adapt based on your transaction patterns, your Business’ credit rating, and other factors. The way you use your Card can help your spending power grow, particularly in the first few months. To help maximise your spending power, make regular transactions and don’t miss any payments.
4. Extend your cash flow by up to 51 days
Depending upon when you make a purchase, when your statement is issued and whether or not you are carrying forward a balance on your Account from your previous statement period. If you pay by direct debit, your payment will be processed 10 days after your statement is issued.
5. Velocity Points
Velocity Points are earned in accordance with and subject to the Velocity American Express Cards Points Terms and Conditions, and exclusions apply. Eligible purchases do not include cash advances and fees and charges for foreign currencies. These do not earn Velocity Points. For the full list of exclusions, please refer to the Velocity American Express Card Points Terms and Conditions available here. The earn rate of 2 Velocity Points per $1 spent on Virgin Australia only applies to purchases made in Australia.
6. Earning Points
You will earn 0.5 points per $1 spent at participating merchants classified as ‘government’ including the Australian Taxation Office, the Australian Postal Corporation, federal/state and local government bodies. Industry specific earn rates may apply when you use a payment account, payment aggregator, services of a third party or online retailers that sell goods for another merchant. For example a payment made to Local Government bodies processed through a payment aggregator may earn rates at the government earn rate.
7. Virgin Australia Lounge Access
American Express Velocity Business Card Members receive two complimentary single entry passes each Membership year. The Card Member must be travelling with Virgin Australia domestically. Access is to Virgin Australia-branded lounges in Australia only. Name on boarding pass must match the name on the Velocity Business Card. The Velocity Business Card Member must present his or her valid Card and same-day boarding pass (containing their Virgin Australia Velocity Frequent Flyer number and status) to Virgin Australia lounge agents. Single entry passes are valid for 12 months from the date of issue. The Virgin Australia Lounge is operated by Virgin Australia Airlines Pty Ltd in selected domestic airports in accordance with the Virgin Australia Lounge Terms and Conditions and Lounge Rules as amended from time to time. All access is subject to space availability. This benefit is subject to change. Visit virginaustralia.com/lounge for full Terms and Conditions.
8. Velocity Business Card Insurance
The insurance on American Express Cards is subject to terms, conditions and exclusions (such as maximum age limits, pre-existing medical conditions and cover limits). You must use your American Express Velocity Business Card to pay for your trip in order to be covered under the travel insurance and pay for eligible items for those items to be covered under the retail insurance benefits. It is important you read the American Express Velocity Business Card Insurance Terms and Conditions and consider whether the insurance is right for you. We do not provide advice about the insurance or whether it is appropriate for your objectives, financial situation or needs.
This insurance is underwritten by Chubb Insurance Australia Limited (ABN 23 001 642 020, AFSL No. 239687) under a group policy of insurance held by American Express Australia Limited (ABN 92 108 952 085, AFSL No. 291313). Access to this insurance is provided solely by reason of the statutory operation of section 48 of the Insurance Contracts Act 1984 (Cth). Card Members are not a party to the group policy, do not have an agreement with Chubb and cannot vary or cancel the cover. American Express is not the insurer, does not guarantee or hold the rights under the group policy on trust for Card Members and does not act on behalf of Chubb or as its agent. American Express is not an Authorised Representative (under the Corporations Act 2001 (Cth)) of Chubb.
** Reward Seat fares
Reward Seat fares are based on Economy Reward Seat availability on Virgin Australia and partner airlines for the selected route (correct as at 17 April 2026). The base fare is payable in Velocity Points, with applicable taxes, fees, and carrier charges payable in addition to the Points redeemed.
Reward Seats are limited and may not be available on all flights or during peak travel periods. Bookings must be made via the Virgin Australia website. Reward Seat bookings and associated charges do not earn Velocity Points. A payment surcharge may apply.
Changes or cancellations can be made for a fee and any fare difference, provided they are requested at least 24 hours before the scheduled departure. For international partner airlines, voluntary changes may require cancellation and rebooking on a new ticket. Where eligible, the original ticket value will be refunded.
Some flights may be operated by partner airlines, and different baggage allowances or conditions may apply. For full fare rules and conditions, visit velocityfrequentflyer.com.
Offer available to new American Express Card Members only. T&Cs apply.