American Express Velocity Escape Card

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American Express Velocity Escape Card

Highlights

  • Earn Velocity Points and enjoy a $0 annual card fee.
  • Velocity Points earned on your card are transferred directly to your Velocity account each month and can be redeemed for a range of rewards including flights, accommodation, car hire, gift cards, and much more.
  • Earn 0.75 Velocity Points per $1 spent, except for government bodies in Australia where you will earn 0.5 Velocity Points per $1 spent.

Pros and cons

Pros

  • No annual fee, but still earn points.
  • Earn 1.75 Velocity Points per $1 spent on purchases with Virgin Australia.
  • Get 0.5 points per $1 when paying tax to the ATO using the card.
  • 55 days interest-free on purchases when the previous balance has been cleared in full.

Cons

  • Doesn't come with complimentary travel insurance.
  • No complimentary lounge access.
  • No access to the concierge service.
  • There is no balance transfer offer for this card.

Our review

Convenience

Customer service

Rates and fees

Rewards

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The basics

  • Additional cardholders. Add up to 4 additional cards for family and friends at no extra charge. The main account owner is responsible for managing the credit limit, repayments, etc.
  • Digital wallets. You can use this card with Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. This card cannot be used for gambling transactions.

Rewards and benefits

  • Complimentary travel insurance. This card does not offer international travel insurance.
  • Concierge services. The American Express Velocity Escape Card does not come with access to a concierge service.
  • Insurances. Purchases made with the card are covered by refund and purchase insurance, as well as standard fraud protection.
  • Rewards points. Use the American Express Velocity Escape Card to earn 1.75 Velocity points per $1 spent with the Velocity Frequent Flyer program. Earn 0.75 Velocity Points per $1 spent on all other purchases. Spend with government bodies, for example, the ATO earns 0.5 Velocity Points per $1 spent.
  • Sign-up bonus. There is currently no signup bonus for this card.

Rates and fees

  • Annual fee. This card has an annual fee of $0, making it one of the few rewards cards with no annual fee.
  • Balance transfers. There is no balance transfer offer on this card at this time.
  • Foreign exchange fee. All purchases made in a foreign currency will encounter a 3% foreign transaction fee.
  • Interest-free period. The American Express Velocity Escape Card has up to 55 days interest-free on purchases.
  • Purchases. The American Express Velocity Escape Card does not have an introductory interest rate offer on purchases. All applicable purchases will attract the standard rate of 23.99% p.a. interest.
Nilooka Dissanayake

Reviewed by Nilooka Dissanayake

Writer

User reviews

Convenience

Customer service

Rates and fees

Rewards

Trust

Use it anywhere

Reviewed by Jonathan

It’s very effective and works very well, and also it’s reliable. Also you can use it anywhere around the country.

The colour of the card looks awesome as well. You can use it at any ATM too. I have used this card for three years and it’s great value.

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