American Express Velocity Business Charge Card

Name: American Express Velocity Business Charge Card
Brand: American Express
Rating: 4.6 (1 reviews)

Receive 200,000 Bonus Velocity Points when you apply by 15 May 2024, are approved, and meet the minimum spend criteria of $5,000 within 2 months of approval. New American Express Card Members only.
Earn 2 points per $1 spent on Virgin Australia services and up to 1 point per $1 spent on other purchases. Earn 0.5 points per $1 on ATO and government spending.
Enjoy 2 complimentary single-entry passes to the Virgin Australia Lounge at selected domestic airports every year.

Pros and cons

Receive 200,000 bonus Velocity Points when you meet the criteria.
Join the Virgin Australia Business Flyer program to jump direct to Tier 2 and receive a complimentary 12-month Velocity Frequent Flyer Gold if you meet the criteria.
Earn up to 2 Velocity Points per $1 spent.
No pre-set spending limit and up to 51 days to pay for purchases.

Additional cardholders. The American Express Velocity Business Charge Card allows up to 99 additional cardholders for a fee of $99 per year per card. This is a great way to share your account with multiple family members and colleagues. You will be responsible for managing the account and making repayments.
Digital wallets. This card is compatible with Apple Pay, Google Pay, and Samsung Pay.
Gambling transactions. American Express has blocked this card from making any gambling-related purchases.

Airport lounge passes. Comes with two complimentary single-entry passes for select domestic Virgin Australia airport lounges.
Complimentary travel insurance. None.
Concierge services. The American Express Velocity Business Charge Card does not include a concierge service.
Insurances. Cardholders get complimentary travel insurance, fraud protection, purchase protection insurance, medical emergency expense cover, personal liability cover, business trip completion, trip cancellation, and amendment cover.
Rewards points. Earn 1 Velocity point per $1 spent on eligible purchases. Points can be redeemed with the Velocity Frequent Flyer program and will not expire as long as you have an active account. Earn points with ATO payments at a lower rate.
Sign-up bonus. Get 200,000 Velocity Points when you apply by 15 May 2024, get approved, and spend $5,000 in eligible purchases in the first 60 days. Join the Virgin Australia Business Flyer program to jump direct to Tier 2 and receive a complimentary 12-month Velocity Frequent Flyer Gold if you meet the criteria.

Annual fee. The ongoing annual fee for this card is $249, which is similar to other business cards of this type.
Balance transfers. This card does not have a balance transfer offer.
Foreign exchange fee. This card has a 3% foreign transaction fee on all purchases made in a foreign currency, either overseas or online.
Interest-free period. The American Express Velocity Business Charge Card offers up to 51 days interest-free on purchases.
Purchases. This is a charge card, so the balance must be paid in full each month.