Velocity Platinum Amex - 50,000 bonus points for $500 spend in 3 months - $349 fee

[smit0847]

Not sure if there is a thread for this already? A fair bit of bang for your buck, even with the change in points earn!


American Express: American Express Velocity Platinum Card

50,000 bonus Velocity Points[SUP]2
[/SUP]Enjoy 50,000 bonus Velocity Points, when you apply, are approved by 31 July 2013 and spend $500 on your Card in the first 3 months of Card membership[SUP]2[/SUP]

• Earn 1.5 Velocity Points per $1 spent until 22 July 2013 after which you will earn up to 3 points per dollar spent[SUP]3[/SUP]. See Velocity Rewards section.
• Enjoy a complimentary Virgin Australia return domestic flight every year after your first Card spend[SUP]1[/SUP]
• Enjoy 2 complimentary Single Entry passes to the Virgin Australia lounge each year at selected airports[SUP]4[/SUP]
• Complimentary Domestic & International Travel Insurance[SUP]5[/SUP]
• Introductory offer - 50,000 bonus Velocity Points[SUP]2[/SUP]
• Discount Business Class Companion Fares[SUP]6[/SUP]

Apply today to start your next escape.
Enjoy 50,000 bonus Velocity Points, when you apply, are approved by 31 July 2013 and spend $500 on your Card in the first 3 months of Card membership[SUP]2[/SUP]

The Velocity American Express SeriesYou will earn 1.5 Velocity Points per $1 spent until 22 July 2013 after which you will earn:

• 3 Velocity Points[SUP]3[/SUP] per dollar spent on eligible Card purchases at:

- Virgin Australia[SUP]3[/SUP]
- Tens of thousands of restaurants in Australia[SUP]3[/SUP]

• 2 Points per dollar spent[SUP]3[/SUP] on eligible Card purchases at:

- Airlines, accommodation, major cruise and tour operators paid directly or through travel agencies[SUP]3[/SUP]
- Spend in foreign currency when overseas and online

• 1 Point per dollar spent[SUP]3[/SUP] on eligible Card purchases at:

- All other providers, excluding those below
- Insurances offered by American Express

• 0.5 Points per dollar spent[SUP]3[/SUP] on eligible Card purchases at:

- Utilities which are gas, water and electricity providers
- Insurance offered by companies other than American Express
- Telecommunication providers which includes goods and services purchased from phone, mobile and internet service providers
- Government bodies including the Australian Taxation Office, Australia Post, federal/state and local government bodies

• No limit to the number of Velocity Points you can earn
• Velocity Points earned on your Card are transferred directly to your Velocity Account each month and can be redeemed for a range of flights, accommodation, car hire, gift cards and much more[SUP]7[/SUP]
• With over 500 destinations to choose from, you can redeem your Points for domestic or international flights thanks to Velocity's global network of airline partners[SUP]7[/SUP].See where your Velocity Points could take you.

Take off with a complimentary flight[SUP]1[/SUP] every year
Enjoy a complimentary Virgin Australia return domestic flight every year after your first Card spend[SUP]1[/SUP]. There are no additional charges or taxes for you to pay and you will also receive a standard luggage allowance. Take a look at the destinations available to you here.
The Virgin Australia lounge is open to you
Escape the hustle and bustle of the airport with two complimentary Single Entry passes to the Virgin Australia lounge each year[SUP]4[/SUP]. Enjoy complimentary food and beverages, connect to free wireless broadband or simply relax, take time out and read the paper before your flight.
Substantial savings when you fly Business Class
Access substantial savings based on when and where you fly, when you and a guest travel Business Class to selected Virgin Australia international long-haul destinations, including flights to Europe and the US that codeshare with Etihad or Delta[SUP]6[/SUP].
Supplementary Cards[SUP]8[/SUP] with no annual Card fee
You have access to Supplementary Credit Cards at no extra cost. What's more, Velocity Points earned on each Supplementary Card will be credited to your Velocity Account, so you can earn Points faster[SUP]8[/SUP].

American Express Velocity Platinum Card

• Earn 1.5 Velocity Points per $1 spent until 22 July 2013 after which you will earn up to 3 points per dollar spent[SUP]3[/SUP]. See Velocity Rewards section.
• Enjoy a complimentary Virgin Australia return domestic flight every year after your first Card spend[SUP]1[/SUP]
• Enjoy 2 complimentary Single Entry passes to the Virgin Australia lounge each year at selected airports[SUP]4[/SUP]
• Complimentary Domestic & International Travel Insurance[SUP]5[/SUP]
• Introductory offer - 50,000 bonus Velocity Points[SUP]2[/SUP]
• Discount Business Class Companion Fares[SUP]6[/SUP]

 

[Demonoid]

Re: Velocity Platinum Amex - 50,000 bonus points for $500 spend in 3 months - $349 fe

As a Plat charge holder, I think I was ineligible for the bonus points - so signed the missus up and she was approved pronto. 50,000 points and a return flight for $349 is awesome. I do plan to cancel it later in the year once the point earn reverts to the coughpy 3-2-1 (I have already got my charge for that), and she's used the free flight. Then, we will churn through the next one with generous bonus points. Happy days!

 

[Ausbt]

Re: Velocity Platinum Amex - 50,000 bonus points for $500 spend in 3 months - $349 fe

I just cancelled mine a couple of weeks before the annual charge was due to hit. Surprisingly the two lounge passes credited through to my account. I now have six additional passes to the lounge! Only thing is, as a WP how do I use 'em? Going to have to find me some sort of sporting team and invite them all in (Netballers, I'm thinking ;-)

Was tempted to book the flight prior to cancelling, however the helpful Platinum line chap told me "if you book the flight, they will charge you the annual fee - you have to be an existing cardholder to actually take the flight". Interesting, I'm not sure how they can enforce that one...?