American Express® Velocity Business Card
The American Express Velocity Business Card lets you earn up to 2 Velocity Points per dollar on your business expenses and comes with two single entry domestic Virgin Australia lounge passes every year³.
- Access a line of unsecured funding with flexible spending power²
- Two complimentary single entry passes to the Virgin Australia Lounge³
- Automatic enrolment into the Virgin Australia Business Flyer program⁴
- Complimentary Travel Insurance
- Apple Pay, Google Pay and Samsung Pay
Overview
The American Express Velocity Business Card lets you earn Velocity Frequent Flyer Points on your business expenses, with an uncapped earn rate of 1 Velocity Point per $1 spent.
With this Card, you’ll also receive two single entry domestic Virgin Australia lounge passes every year and complimentary travel insurance. If you’re looking for a business charge Card that earns a good rate of Velocity Points, the American Express Velocity Business Card could be suitable.
Key Information & How to Apply
Key facts about this card
- Signup bonus
- 200,000 bonus Velocity Points¹ , when you apply by 27 October 2026, and spend $6,000 on eligible purchases on your Card within the first 3 months of approval date. T&Cs apply. New American Express Card Members only.
- Annual fee
- $249 p.a. and $99 per Employee Card up to 99 cards
- Interest-free days
- Up to 51 days
- Minimum monthly repayment
- 100% of outstanding balance
- Minimum credit limit
- No minimum credit limit specified
- Minimum income requirement
- An annual business revenue of $75,000 or more with a valid ABN registered for GST
- International transaction fee
- 3.5%
To apply for this card, you will need
- To be an Australian citizen or permanent resident aged 18 or over and a Director or controller of the business
- An annual business revenue of $75,000 or more with a valid ABN registered for GST
- Have a good credit history and no payment defaults
- Your Australian driver’s licence number and proof of income
- 10-15 minutes to complete your application
Sign-up bonus
Earn 200,000 bonus Velocity Points¹ when you apply for the American Express Velocity Business Card by 27 October 2026, are approved and spend $6,000 on eligible purchases on your new Card within the first 3 months of approval.¹ Available for new American Express Card Members only. T&Cs apply.
This offer is not available to existing Amex Card Members, or if you have been the primary Card Member of an Australian Amex Card in the past 18 months.
What you could do with the bonus Velocity Points
To give you an idea, it would cost 71,000 Velocity Frequent Flyer Points + around $235 for a return Virgin Australia Business Class flight from Adelaide to Bali.
For 80,000 Velocity Points, plus taxes & carrier charges, you could also fly one-way from Sydney to London in Economy Class with Virgin’s partner airlines Etihad Airways, Qatar Airways or Singapore Airlines.
Amex Velocity Business travel benefits
Here’s an overview of the travel benefits you can expect..
Airport lounge access
American Express Velocity Business Card Members receive two single entry domestic Virgin Australia lounge passes every year³. These can be used prior to Virgin Australia domestic flights when you’re departing from an airport where a Virgin Australia Lounge is available.
Complimentary travel insurance
This Card comes with complimentary domestic and international travel insurance. This insurance is underwritten by Chubb and is available when using your American Express Velocity Business Card to pay for your trip.
Employee Card Members can also use the travel insurance benefit when you pay for your return trip using your Card.
Before using this insurance, we’d encourage you to read the PDS here.
Earning points
With the American Express Velocity Business Card, you’ll earn 1 Velocity Frequent Flyer Point per $1 spent on eligible transactions (excluding government payments).
There is no monthly or annual point-earning cap. You can earn an unlimited number of points at the full rate.
Plus, you’ll earn an extra Velocity Point for every dollar spent (bringing the total to 2 Velocity Points per $1) on eligible Virgin Australia purchases.
Velocity Points may expire if there is no activity in your Velocity Frequent Flyer account for 24 months. But earning Velocity points with your Card will keep your account active.
Earning points for ATO & government payments
Payments made directly to the Australian Tax Office (ATO) or other government bodies in Australia with your Amex Velocity Business Card will still earn Velocity Points, but at a reduced rate of 0.5 points per $1.
Virgin Australia Business Flyer program
Card Members will also be automatically enrolled into the Virgin Australia Business Flyer program4. Your Business can save on business travel while earning Velocity Points for both the Business and individual travellers when flying. As a Virgin Australia Business Flyer member:
- Access discounts of up to 6%-10% off eligible flights
- Earn Velocity Points for your Business in the air and on the ground
Using points
There are many ways to redeem Virgin Australia Velocity Points, both in the air and on the ground.
If you don’t want to use your points for flights, Velocity Points can be redeemed for wine, hotels, car hire bookings and products or gift cards from the Velocity Rewards Store.
But you’ll generally get the best value for your Velocity Points by redeeming for UpgradeMe Points upgrades or reward seats on Virgin Australia.
You can also get good value for your points by booking reward seats on many of Virgin Australia’s partner airlines. These include Singapore Airlines, Qatar Airways, United Airlines, Etihad Airways, and Air Canada.
You can check the number of Velocity Points you’d need to book a reward seat on the Velocity Frequent Flyer website.
It’s also possible to convert Velocity Frequent Flyer Points into Singapore Airlines KrisFlyer miles! You’d just need to transfer at least 5,000 Velocity Points at a time, and the conversion rate is 1.55 Velocity Points = 1 KrisFlyer mile.
Note that taxes & carrier charges are payable in addition to the points on reward seats. The availability of reward seats may also be limited, particularly in Business Class on popular international routes and during peak travel periods.
See our Overview of Velocity Frequent Flyer Redemptions for more information.
Summary
Pros
- Earn 1 Velocity Point per $1 spent, with no cap on the number of points earned
- Two single entry domestic Virgin Australia lounge passes every year³
- Possibility to convert Velocity Points earned from this Card into Singapore Airlines KrisFlyer miles
- This is a Charge card and will allow you to access a line of unsecured funding with flexible spending power²
- Complimentary domestic and international travel insurance
- Compatible with Apple Pay, Google Pay & Samsung Pay
Cons
- $99 fee per Employee Card added
- International transaction fees apply
- Points are earned at a reduced rate when spending with government bodies
- By earning Velocity Points rather than Amex Membership Rewards Points, you lose the flexibility to transfer points to other frequent flyer programs (other than KrisFlyer)
- Access a line of unsecured funding with flexible spending power²
- Two complimentary single entry passes to the Virgin Australia Lounge³
- Automatic enrolment into the Virgin Australia Business Flyer program⁴
- Complimentary Travel Insurance
- Apple Pay, Google Pay and Samsung Pay
Frequently Asked Questions (FAQs)
To apply for an Amex Velocity Business Card in Australia, you would need to be an Australian citizen, resident or long-term visa holder and be a director or controller of a GST-registered business with a valid ABN and turnover of at least $75,000 per year. Other criteria may apply.
No, the American Express Velocity Business Card is a Charge card. This means you will need to pay off the Card balance in full each month. (There are flexible payment options if needed, but interest applies if your business needs to use this.)
The American Express Velocity Business Card is a Charge card. Unless American Express tell you otherwise, your American Express Charge card comes with flexible spending power, also known as no-pre-set spending limit. This means that the amount you can spend is dynamic and can adapt based on your transaction patterns, your businesses credit rating and other factors. The way you use your Card can help your spending power grow, particularly in the first few months. To help maximise your spending power, you can make regular transactions and don’t miss any payments.
American Express Velocity Business Card Members receive two single entry domestic Virgin Australia lounge passes every year.
Yes, but payments to government bodies including the Australian Tax Office (ATO) will earn points at a reduced rate of 0.5 Velocity Frequent Flyer Points per dollar (instead of the usual 1 point per dollar on everyday purchases).
The Amex Velocity Business Card is designed for small to medium-sized businesses, has a lower annual fee and is a Charge card. The Amex Velocity Platinum Card is a personal credit card offering a free annual return Virgin Australia flight, Amex Centurion Lounge visits and a higher Velocity points earn rate, in return for a higher annual fee. Both Cards earn Velocity Points, offer Virgin Australia ounge passes and include complimentary travel insurance.
Velocity Points will only expire if you do not earn or redeem at least one Velocity Point for two years. As long as your Velocity Frequent Flyer account remains active, i.e. by earning and/or redeeming points at least once every 24 months, your points will not expire.
Yes, the American Express Velocity Business Card supports Apple Pay, Google Pay and Samsung Pay.
It is possible to add up to 99 Employee Cards to your American Express Velocity Business Card account, however there is a fee of $99 per Employee Card.
200,000 bonus Velocity Points: Offer only available to new American Express Card Members who apply by 27 October 2026, are approved and spend $6,000 on eligible purchases on their new Card in the first three (3) months from the Card approval date. Eligible purchases do not include Card fees and charges, for example annual fees, interest, late payment, cash advances, balance transfers, traveller’s cheques, and foreign currency conversion. Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the past 18 months are ineligible for this offer. 200,000 bonus Velocity Points will be awarded to the eligible Card Member’s Account 8-10 weeks after the spend criteria has been met. Velocity membership and Points earn and redemption are subject to the American Express Velocity Business Card Points Terms and Conditions as amended from time to time. $249 Annual Card Fee applies. This offer is not applicable or valid in conjunction with any other advertised or promotional offer.
Unless American Express tell you otherwise, your American Express Charge card comes with flexible spending power, also known as no-pre-set spending limit. This means that the amount you can spend is dynamic and can adapt based on your transaction patterns, your businesses credit rating and other factors. The way you use your Card can help your spending power grow, particularly in the first few months. To help maximise your spending power, you can make regular transactions and don’t miss any payments.
Virgin Australia Guest Lounge Passes are subject to the American Express® Velocity Business Card Benefits Terms and Conditions. Two single entry passes to the Virgin Australia lounge will be activated on the Primary Card Member’s Velocity Frequent Flyer membership account annually, on or after each anniversary of membership. The Virgin Australia lounge is operated by Virgin Australia Airlines Pty. Ltd. in selected domestic airports in accordance with the Virgin Australia Lounge Terms and Conditions, and as amended from time to time. Visit the Virgin Australia website for up-to-date information on Virgin Australia’s Lounge network.
Virgin Australia Business Flyer membership is available to businesses with an active ABN/ACN and an Australian business address that spend up to $500,000 per annum on domestic air travel spend. Virgin Australia Business Flyer membership is available to eligible Australian businesses. Travel agents, travel wholesalers, air travel consolidators and persons re-selling air travel are not eligible to join. Certain travel management companies approved by Virgin Australia may be eligible to join. Virgin Australia Business Flyer Terms and Conditions apply. Virgin Australia Business Flyer (VABF) has multiple Tier Levels. The Tier Level determines the types of Program Benefits the Virgin Australia Business Flyer member is entitled to access. Certain Program Benefits may only be provided to a specific Tier Level. Please see the VABFwebsite https://virginaustralia.com/businessflyer and Terms and Conditions for information on the Program Benefits. The Program Benefits are incorporated into these Terms. For more information, please see the Virgin Australia Business Flyer Terms and Conditions.
The Fare Advantage Discount: The Fare Advantage Discount of up to 6% applies to Flex and Business Class fares operated and marketed by Virgin Australia and is available to Virgin Australia Business Flyer members. The Fare Advantage Discount levels are subject to change without notice. Please check the Virgin Australia Business Flyer website for current discount levels. Fare Advantage Discounts can only be booked through the Booking Portal, our Guest Contact Centre, or a registered self-ticketing Travel Management Company (TMC) or travel agent and are not available through the public Virgin Australia website. If your TMC or travel agent is not registered to process Fare Advantage Discounts, please instruct your TMC or travel agent to contact the Virgin Australia Business Flyer Team at [email protected]. Fare Advantage Discounts cannot be used in conjunction with any other offer or discount and cannot be combined with any other Unpublished Fares or Promotional Fares. Fare Advantage discounts do not apply to Virgin Australia flights operated by Qatar Airways, any bookings made via the Virgin Australia Groups department, sale fares or other tactical fares offered from time to time, and bookings for children and infants. Fare advantage discounts are not available on Virgin Australia services to and from Onslow (ONS). If you have any questions regarding the application of Fare Advantage Discounts, please contact the Virgin Australia Business Flyer team. Virgin Australia Business Flyer Terms and Conditions apply.
Eligible International Flight Discounts: are available on eligible international flights with Virgin Australia Business Flyer airline partners. Discounts vary by airline and fare class, with a discount of up to 10% available on select Business and Economy United Airlines fares. Please check the Virgin Australia Business Flyer website for current discount levels and applicable discount terms and conditions. Discounts can only be booked through the Booking Portal, our Guest Contact Centre, or a registered Travel Management Company (TMC) or travel agent and are not available through the public Virgin Australia website. If your TMC or travel agent is not registered to process these discounts, please instruct your TMC or travel agent to contact the Virgin Australia Business Flyer Team: [email protected]. Discounts cannot be used in conjunction with any other offer or discount and cannot be combined with any other Unpublished Fares or Promotional Fares. Fare Advantage discounts do not apply to any bookings made via the Virgin Australia conference and group travel area, sale fares or other tactical fares offered from time to time, and bookings for children and infants. If you have any questions regarding the application of Eligible International Flight Discounts, please contact the Virgin Australia Business Flyer team. Virgin Australia Business Flyer Terms and Conditions apply.
- Discounted Lounge Membership: Usual annual Lounge Membership Fee is $450 (plus $99 joining fee for all new standard Lounge Memberships), as at 18 May 2026. Discounted Membership Fee is available for the Virgin Australia Business Flyer member’s Key Contact, Account Administrators, Travel Bookers and Travellers. Subject to the Virgin Australia Business Flyer Terms and Conditions, and Virgin Australia Lounge Terms and Conditions. Virgin Australia Lounge entry is subject to space availability.
- Earning Points as a Virgin Australia Business Flyer member: Virgin Australia Business Flyer Members can earn up to 1,000,000 Points from completed travel on eligible flights marketed and operated by Virgin Australia or marketed by Virgin Australia and operated by eligible airline partners, per annum, based on the rolling 12-month period from when the Member joins Virgin Australia Business Flyer. Points aren’t earned on certain fees, taxes, or charges. Virgin Australia Business Flyer Terms and Conditions apply.
- Earning Points with Velocity Frequent Flyer: If the individual flying with Virgin Australia or a partner airline is a Velocity Frequent Flyer member, they may also earn Velocity Points on eligible flights in accordance with the Velocity Membership Terms and Conditions.
- Velocity Gold Membership: Virgin Australia Business Flyer Tier 2 members receive one complimentary annual Velocity Gold Membership. Virgin Australia Business Flyer Tier 3 members receive two complimentary annual Velocity Gold Memberships. These complimentary memberships are for member employees only, as nominated by the member.
- Program membership tiers: Virgin Australia Business Flyer has multiple Tier Levels. The Tier Level determines the types of Program Benefits the Virgin Australia Business Flyer member is entitled to access. Certain Program Benefits may only be provided to a specific Tier Level. Please see our website and the Virgin Australia Business Flyer Terms and Conditions for information on the Program Benefits. The Program Benefits are incorporated into these Terms. Whenever a Virgin Australia Business Flyer member is: (a) upgraded to a higher Tier Level (i.e. upgrade from Tier Level 1 to Tier Level 2); (b) retained at Tier Level 2 or 3 following the member’s annual Tier Level review; or (c) downgraded from Tier 3 to Tier 2 following the member’s annual Tier Level review, your business will have the option to choose a reward. To choose a reward, click on the link in the email sent to the member’s Key Contact and select from the options. The link in the email will expire in four weeks from receipt or once you have chosen your reward. Once a selection has been made, it cannot be changed. The Single Use Lounge Pass or Business Class Upgrade rewards must be allocated to a Velocity Frequent Flyer member who is directly employed or contracted by the Member within 1 year or they will expire. The bonus Points reward must be transferred to a Velocity Frequent Flyer member who is directly employed or contracted by the Member within 2 years or they will expire. Please note that any unallocated rewards will also expire if you are upgraded to a higher Tier Level (at which time we will provide you with new rewards to choose from). See the Virgin Australia Business Flyer Terms and Conditions for details of the available rewards and conditions of use.”
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