AmEx Platinum Charge Card: Get Velocity Platinum Status with Your Membership Rewards Points

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morrisoc on 03/11/2017 - 07:16 files.ozbargain.com.au (1225 clicks)
Last edited 03/11/2017 - 07:36 by 1 other user

If only I had that number of points I could be the boss of the air! Sadly that is not the case but even so if you have the amex charge you still get 20% bonus points for transferring.

As a Platinum Card Member, we're excited to offer you the unique opportunity to attain Platinum or Gold Velocity Frequent Flyer Membership for one year. Simply complete an eligible transfer of your Membership Rewards points to Velocity between 30 October and 30 November 2017.

To enjoy all of the Status benefits you have come to expect from a world-class frequent flyer program, simply:

Transfer 500,000 Membership Rewards points to upgrade to Velocity Platinum membership1.
Transfer 250,000 Membership Rewards points to upgrade to Velocity Gold membership.

Plus as an added bonus, you will also receive 20% bonus Velocity Points.

This unique offer will allow you to elevate your Velocity Frequent Flyer Status and receive 20% bonus Velocity Points, all at the same time.

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  Iwantthatbargain on 03/11/2017 - 07:36

  +2

  That's a hell lot of points ;)

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  grasstown on 03/11/2017 - 07:44

  You still have almost a month to earn the points balance :)

  • 

    Thatbargainhunter on 03/11/2017 - 07:48

    And pay it off by the due date by selling your children for organs

  • 

    ely on 03/11/2017 - 07:48

    Yeah, platinum edge + $83,334 in Woolworths gift cards and you can get gold, easy!

    • 

      wallysta on 03/11/2017 - 07:59

      +3

      Deal is on platinum charge card, so would have to be $250,000 in Woolworths vouchers

      • 

        ely on 03/11/2017 - 08:01

        Yeah, the description says that, but the copy on the image says "as a platinum card member" so I'm assuming that it's probably available for any Amex platinum. Not that $83,334 of groceries is really any more feasible than $250,000 of groceries anyway :D

      • 

        mini2 on 03/11/2017 - 08:24

        You would think most users have cotton onto the fact Edge/Explorer earn rate for everyday use is helluva better than the Plat Charge itself but the reward program is a bit more flexible.

      • 

        Peck on 03/11/2017 - 09:18

        +1

        @mini2: True I only use the Plat Charge for travel/hotels, and Explorer for everything else. But my Explorer points go to my Plat. rewards program. = win-win.

      • 

        [Deactivated] on 03/11/2017 - 10:06

        +1

        @elyobo: Your assumption would be incorrect. Amex doesn't consider credit cards "platinum", which is why having one will not grant you access to Centurion lounges, for which the access criteria is holding a platinum card.

      • 

        ely on 03/11/2017 - 10:10

        @Kyanar: Seems pretty bizarre on their part that a card with the name "platinum" in it would not be considered platinum, but what can you do ¯\_(ツ)_/¯

        Luckily I wasn't planning on spending $80k on groceries!

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  imahapyboy on 03/11/2017 - 08:22

  500,000 points? or 50,000 @@

  • 

    mini2 on 03/11/2017 - 08:25

    Five hundred thousand.

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  danielh on 03/11/2017 - 08:30

  I value it as 1c per point so platinum will cost you $5000 and Gold $2500. Please note that it states that you will have this level for one year only and I suspect there is a chance that you will not get a golden parachute down to the next level like a normal tiered person would.
  Just double check the conditions first if you expect to become gold after a year of platinum.

  • 

    mathew42 on 03/11/2017 - 09:19

    It is unclear to me if the act of transferring the points results in status or to gain status will cost you the points. If it is the former it is a nice bonus, if it is the latter, then not good value.

  • 

    djkelly69 on 03/11/2017 - 09:21

    +1

    You still get the points converted from Ascent Premium to Velocity (with a 20% bonus) as well as the status, so it is not costing you $2,500/$5,000.

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  Peck on 03/11/2017 - 08:52

  I got this offer, but don't they usually offer 30% bonus Virgin points for platinum charge cards about this time of the year?

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  castaway on 03/11/2017 - 09:07

  I only Amex Explorer card, do they have this 20% transfering offer ?

  • 

    wallysta on 03/11/2017 - 10:55

    +1

    There is a 15% bonus running at the moment from Velocity for transfers in

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  ronnknee on 03/11/2017 - 09:21

  +2

  Hypothetically, if you make a $167k purchase on flights/hotels (3 points/$1), get 500k points, transfer to Velocity and then refund, would you be able to keep the 600k Velocity points? Most likely you'll end up with a negative AMEX points balance but that's beside the points.

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  schmucky on 03/11/2017 - 09:23

  Shouldn't this stack with the bonus 15% deal?

  • 

    ronnknee on 03/11/2017 - 11:03

    No. It's just simply 20% instead of 15%.

  • 

    mini2 on 03/11/2017 - 14:06

    Transfer your Membership Rewards points between 30 October 2017 and 30 November 2017 and receive 15% Bonus Velocity Points, or 20% Bonus Velocity Points for Card Members enrolled in Membership Rewards Premium Ascent*.

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  Scotch on 03/11/2017 - 11:06

  +1

  Anyone know what the best AMEX card deal is at the moment. I realise that https://www.pointhacks.com.au/ are probably on deck with current offerings… but curious if anyone else knows of any good deals. Dont wanna pay an annual fee, or prefer an included bonus flight or points if i do. Thoughts anyone?

  • 

    thedriver on 03/11/2017 - 12:45

    I'm keen to know the same since ANZ ditched my Amex. I just haven't had a chance to put any time into investigating yet; the cost benefit analysis for all the options becomes quite complex.

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  skinny on 03/11/2017 - 17:02

  Velocity Gold / Platinum is easy to get with family pooling.. benefit is a crowded Lounge in Sydney & Melbourne - literally a fish market!