American Express Velocity Business Card Overview
Earn 170,000 Velocity Points and enjoy complimentary Velocity Gold Status for 12 months, with a low $249 annual fee. Ideal for businesses aiming to maximise rewards.
Earn 170,000 bonus Velocity Points when you apply by 30 April 2025, 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 have your business join the Virgin Australia Business Flyer program to jump direct to Tier 2 and receive a complimentary 12-month Velocity Frequent Flyer Gold Membership if you meet the eligibility and minimum spend criteria. T&C’s apply. Both offers are available for new American Express Card Members only.
Amex Velocity Business: Key Features
The American Express Velocity Business Card in Detail
The American Express Velocity Business Card offers 170,000 bonus Velocity Points to new American Express Card Members who apply online and spend $5,000 or more on eligible purchases within the first 2 months of the approval date.
This Card is ideal for small businesses that frequently travel with Virgin Australia or any of its partner airlines. It offers 1 Velocity Point per $1 spent on most purchases, automatic transfer of Points earned each month to Velocity Frequent Flyer, plus Travel Insurance and Travel Inconvenience Cover. The Card also simplifies monitoring of business expenditures with integration into various accounting packages.
Velocity Frequent Flyer Gold Membership
For a limited time, new Card Members who join Virgin Australia Business Flyer (which is free) will jump straight to Tier 2 in the program which means you can get Velocity Frequent Flyer Gold Status for 12 months. Just keep in mind this is for new members only who join before April 30th 2025 and spend $5k in the first 2 months.
Earning Points
The American Express Velocity Business Card allows you to earn:
- 1 Velocity Point per $1 spent on eligible everyday business purchases
- 2 Velocity Points per $1 spent on eligible Virgin Australia flights booked through the Virgin Australia website, call centre, or travel agents
There are some exceptions where you will not earn points or earn points at a reduced rate. For example, spending on government bodies, utilities, or insurance will earn you 0.5 points per $1 spent.
Complimentary Insurance
The American Express Velocity Business Card comes with complimentary Travel Insurance and Travel Inconvenience Cover for eligible Card Members and their employees. The insurance covers medical emergencies, trip cancellations, and baggage loss, among other things. It is essential to read the PDS to understand the coverage and eligibility criteria.
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- Business Requirements: Your business must have a valid ABN registered for GST
- Business Turnover: Have an annual business revenue of $75,000 or more
- Credit Worthiness: Have a good credit history and no payment defaults
- Residency Requirements: Be an Australian citizen or a permanent resident
- Age Requirements: Be over 18 years of age
Complimentary Virgin Australia Lounge Entry
Card Members receive two complimentary single entry passes to the Virgin Australia Lounge each year. The passes are automatically loaded onto the Card Member's Velocity Frequent Flyer account and can be used at domestic Virgin Australia lounges.
Keeping Track of Business Spending
The American Express Velocity Business Card simplifies the monitoring of business expenses. The Card is compatible with various accounting software packages, allowing easy integration and management of your business expenditures.
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Other Benefits & Features
- Charge Card: The American Express Velocity Business Card is a charge card, not a credit card. This means 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.
- Apple Pay, Google Pay, and Samsung Pay: The American Express Velocity Business Card is compatible with popular mobile wallets, including Apple Pay, Google Pay, and Samsung Pay. This allows for convenient and secure payments using your smartphone or other compatible devices.
Summing Up: American Express Velocity Business Card
The American Express Velocity Business Card is an excellent choice for small businesses and sole traders who frequently travel with Virgin Australia or its partner airlines. With 170,000 bonus Velocity Points, and valuable travel benefits such as complimentary Velocity Gold Status, this Card offers a competitive edge in the market. Apply online to take advantage of this fantastic offer.
Terms & Conditions
1. 170,000 bonus Velocity Points: Offer only available to new American Express Card Members who apply for the American Express Velocity Business Card by 30 April 2025, 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 other Card product issued by American Express Australia Limited in the preceding 18-month period are ineligible for this offer. 170,000 bonus Velocity Points will be awarded to the eligible Card Member's Account 8- 10 weeks after the spend criteria has been met. $249 annual fee applies.
Subject to the American Express Velocity Business Card Points Terms and Conditions. This advertised offer is not applicable or valid in conjunction with any other advertised or promotional offer.
New American Express Card Members who: a) successfully apply for the American Express Velocity Business Card by 30 April 2025, ensuring they enter their Velocity Frequent Flyer number in the field provided in the Card application, and are approved; b) spend $5,000 on their new American Express Velocity Business Card in the first two (2) months from the Card approval date; and c) either:
(i) are already a Virgin Australia Business Flyer Member with a Tier 1 Level Status; or (
ii) sign-up to Virgin Australia Business Flyer within the first one (1) week from the American Express Velocity Business Card approval date, are eligible to be upgraded from Tier 1 to Tier 2 Level Status of Virgin Australia Business Flyer for 12-months (Jump to Tier 2 Offer), which includes a complimentary 12-month Velocity Gold Membership.
See here for Velocity Gold Membership Terms and Conditions. The tier jump can take up to two months to reflect in a member’s Virgin Australia Business Flyer account. For the avoidance of doubt, existing Virgin Australia Business Flyer members who are already at Tier 2 or 3 Level Status are not eligible for the Jump to Tier 2 Offer.
Card Members who currently hold or who have previously held any other Card product issued by American Express Australia Limited in the preceding 18-month period are not eligible for the Jump to Tier 2 Offer.
At the end of each 12-month anniversary, Virgin Australia reserves the right to review and change the Virgin Australia Business Flyer Member’s Tier Level based on the Member’s spend with Virgin Australia Business Flyer in the previous 12-months.
Jump to Tier 2 Offer and the Program Benefits available for Tier 2 Virgin Australia Business Flyer Members are subject to the Virgin Australia Business Flyer and Loyalty Terms & Conditions, as amended from time to time.
For more information regarding Tier Level Program Benefits, please visit https://virginaustralia.com/businessflyer
