American Express 50,000 Velocity Points

[mattburga]

Just noticed this when poking around the velocity site. Couldn't find a thread about this offer already. Feel free to delete this if there is one.

American Express: American Express Velocity Gold Card

I didn't see the annual card fee but I guess there would be one.

• 0.99% p.a. on balance transfers for the first 6 months[SUP]1[/SUP] - A one-off credit plan establishment fee of 1% applies to any balances transferred. Offer ends 31 October 2014.
• Earn up to 3 Velocity Points per $1 spent[SUP]2[/SUP]. See Velocity Frequent Flyer section for further details
• 50,000 bonus Velocity Points when you apply by 31 October 2014, are approved and spend $500 on your new[SUP]3[/SUP] Card within the first 3 months[SUP]3[/SUP]. This introductory offer excludes existing Card Members or those previous Card Members who have held any American Express Card in the last 12 months[SUP]3[/SUP]
• Enjoy a complimentary Virgin Australia return domestic flight every anniversary year after your first Card spend in that anniversary year[SUP]4[/SUP]
• Enjoy 2 complimentary single entry passes to the domestic Virgin Australia lounge each anniversary year at selected airports[SUP]5[/SUP]
• Complimentary Domestic & International Travel Insurance[SUP]6[/SUP]
• Discount Business Class Companion Fares[SUP]7[/SUP]

 

[mattburga]

$349 annual Card fee

 

[knasty]

I took it up a couple of years ago when the offer included 200 status credits. At the moment there are better offers out there for signon points unless you can get real value from the free flight.

 

[loramarthalas]

This is also available for QFF users too right?

I'm going to apply.

Has anyone had any luck applying and cancelling before the fees kick in?