American Express Velocity Gold Credit Card

 
Amount spent per month: 
$3000
 
 
 
 
balance transfer
purchase rate
annual fee
Get up to 15,000 Velocity points bonus.
Enjoy 2 complimentary passes to the Virgin Australia lounge.
One off 1% applies to balance transfers.
0.99% p.a.
6 months
then 20.74%
20.74% p.a.
ongoing
$99
1st year
then $199
 
over 12 mths (up to)
Application
Pros & Cons
Our Review
Rates & Fees
Rewards & Points
Eligibility
Similar Cards

The Pros

Escape sooner with the bonus of Velocity Points.
Enjoy 2 complimentary Single Entry passes to the domestic Virgin Australia lounge each anniversary year at selected airports.
Complimentary domestic and international travel insurance.
No extra cost for additional card holders.

The Cons

The annual fee goes up to $199 p.a. in the 2nd year.
If you’re doing a balance transfer then there’s a 1% balance transfer fee.
Not all businesses accept American Express and some of them will add surcharges to your purchases.

Our review of the American Express Velocity Gold Credit Card

Start planning your next escape and enjoy two complimentary single entry passes to the Virgin Australia lounge, a great Velocity Points earn rate and complimentary Domestic and International Travel Insurance.

Rates & Fees

Additional Card Fee
$0 p.a.
Balance Transfer Fee
1%
Annual Fee
$99 p.a.
Balance Transfer Rate
0.99% p.a.
Balance Transfer Period
6 months
Cash Advance Fee
0%
Cash Advance Rate
Duplicate Statement Fee
$7
Foreign Exchange Fee
3%
Interest Charged From
Statement date
Interest Free Period
Up to 44 days on purchases
Late Payment Fee
$6
Maximum Credit Limit
Minimum Credit Limit
Minimum Repayment
100%
Over Limit Fee
$15
Overseas ATM Balance Fee
$1.25
Overseas ATM Withdrawal Fee
$1.25
Overseas Emergency Card Replacement Fee
$0
Transaction Verification Fee
$0

Rewards & Points

First Purchase Bonus
Frequent Flyer Points (AmEx)
2 pts per $1 spent
Frequent Flyer Points (MC/VISA)
Reward Points (AmEx)
2 pts per $1 spent
Reward Points (MC/VISA)
Rewards Program
Velocity Frequent Flyer
Sign Up Bonus
15,000 Velocity points
Spend for SYD/MEL Return
Extended Warranty Insurance
International Travel Insurance
Interstate Flight Inconvenience
Personal Item Theft Cover
Price Protection Insurance
Purchase Protection Insurance
Transport Accident Insurance

Minimum criteria for this card

Be over 18 years old
Earn a regular income of more than $40,000 per year
You are a resident or citizen of Australia
Have no history of bad credit
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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