Winston1
Member
- Joined
- Apr 25, 2013
- Posts
- 229
100,000 Velocity points!
Not quite as good as the previous 110k offer last year, but better than the 80k which it has recently been and likely the best it will be for a while.
There's so much that you can do with 100,000 velocity points, and it comes with the added bonus of a free flight every year should you decide to keep the card. For a Perth person it comes with the added bonus of a PER-SYD flight which is the longest flight available and emily covers the annual fee. I have just recently booked my PER to SYD flight without issue despite Sydney not being one of the official destinations. Others have had the same experience.
East coast people have a better variety of destinations, just not quite as far as us Perthians can redeem (as they don't offer the longer Perth flight for eastern residents - still, there's not much to do in Perth )
The main features of this card are:
- Receive 100,000 bonus Velocity Points when you apply by 15 August 2016, are approved and spend $2,000 on your new Card within the first 3 months[SUP]1[/SUP]. This introductory offer is available to new American Express Card Members only.
- Earn up to 3 Velocity Points per $1 spent on eligible purchases[SUP]2[/SUP]. See Reward Yourself section for more details.
- Complimentary Virgin Australia return domestic flight after your first Card spend each year[SUP]3[/SUP].
- Enjoy 2 complimentary Virgin Australia lounge invitations each anniversary year at selected airports[SUP]4[/SUP].
- 0% p.a. on balance transfers for the first 12 months[SUP]5[/SUP] - A one-off credit plan establishment fee of 1% applies to any balances transferred. Learn more.
- Complimentary domestic and international travel insurance[SUP]6[/SUP].
- Discounted International Business Class Companion Fares[SUP]7[/SUP].
Get the rewards you deserve faster with the American Express Velocity Platinum Card, plus we'll transfer your Velocity Points directly to your Velocity Account each month. You can redeem them for a range of flights, accommodation, car hire, gift cards and much more.
- 3 Points per $1 spent at restaurants in Australia and Virgin Australia[SUP]2[/SUP].
- 2 Points per $1 spent on airlines, accommodation, major cruise and tour operators and spend in foreign currency[SUP]2[/SUP].
- 1 Point per $1 spent on everything else, except those in the 0.5 points category[SUP]2[/SUP].
- 0.5 Points per $1 spent on utilities, telecommunications companies, non American Express provided insurance and government bodies[SUP]2[/SUP].
Between this and the platinum edge 3 points per dollar can be had on a lot of things.
As a side note, local champion has recently been re-introduced for the Velocity Platinum Card. This means you can earn an extra 1 point per dollar if you become the local champion somewhere. See HERE for more details.
The other great thing about all AMEX cards is statement credits. This basically means that Amex offer you money back if you participate in an offer they make. They can be very lucrative, especially if you have supplementary cards (different cards, same account).
Recent examples are:
Spend $40, get $10 back up to 3 times @ BP
Spend $120 or more & Get $50 Back @ Cellarmasters
Spend $20 or More & Get $10 Back @ Event Cinemas
Spend $125 or more & Get $25 Back @ BCF
Spend $300 or more & Get $50 Back @ Good Guys
Spend $150 or more & Get $30 Back @ Budget
Spend $50 or more & Get $25 Back @ Harris Farm
Spend $10 or more & Get $5 Back @ Kiki K
Spend $750 or More & Get $100 Back @ HP Online
Spend $500 or More & Get $100 Back @ Mantra Online
Spend $350 or More & Get $50 Back @ Qantas Online
Spend $300 or More & Get $60 Back @ Luxury Escapes
Spend $250 or More & Get $50 Back @ Hilton Hotels & Double Tree By Hilton
Spend $75 or More & Get $15 Back @ Aveda Online
There's a great thread discussing statement credits HERE.
As well as frequent statement credits, there's the amazing SHOP SMALL which is held once or twice a year. It basically allows you to claim multiple statement credits from participating small businesses. Generally it is spend $20, get $10 back - 10 times for every card you have. I have multiple supplementary cards on my Platinum Velocity which I register, so the value I claim back is usually in the hundreds of dollars.
Onto what you can do with your 100,000 points.
The natural option is to use the points on Virgin Australia. Be it domestic or International travel. Generally taxes are higher on international flights.
As an example, you could fly business from Sydney to Melbourne for 15,500 points plus $21.10 in taxes. Economy is nearly half the points, but same taxes. So it's obvious the 100,000 points will take you a long way.
Another great way to use velocity points is to transfer them to Krisflyer for use on Singapore airlines. The transfer rate is 1:1.35 (Krisflyer:Velocity)
The below resource (PDF) is great for award redemptions on Singapore Airlines.
It basically summarises the points needed for differing classes of travel to/from Singapore. The 'points required' look like they include the online booking discount.
Remember, 100,000 velocity points equates to 74,074 kris flyer points.
AWARD REDEMPTIONS ON SINGAPORE AIRLINES (PDF)
Of course I would be extremely grateful if anyone was to use my referral link should you decide to sign up to this card.
I'm sorry this post has bulged to the size that it is. I just believe that if people are going to honour me by using my referral link, the least I can do is try and provide useful information in their decision making process.
Thanks
MY REFERRAL LINK
Complimentary Flight Destinations
Sydney to: Adelaide, Albury, Hobart, Launceston, Melbourne, Canberra, Port Macquarie, Ballina Byron, Coffs Harbour, Gold Coast, Brisbane, Maroochydore, Hervey Bay, Rockhampton, Mackay, Hamilton Island, Townsville, Cairns
Melbourne to: Adelaide, Mildura, Hobart, Launceston, Canberra, Sydney, Newcastle, Coffs Harbour, Gold Coast, Brisbane,Maroochydore
Brisbane to: Adelaide, Hobart, Melbourne, Canberra, Sydney, Newcastle, Rockhampton, Mackay, Hamilton Island, Townsville, Cairns
Canberra to: Adelaide, Melbourne, Sydney, Brisbane, Coolangatta, Townsville
Adelaide to: Melbourne, Hobart, Sydney, Canberra, Brisbane, Coolangatta
Perth to: Karratha, Port Hedland, Broome, Newman, Sydney
Hobart to: Melbourne, Sydney, Brisbane, Adelaide
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