American Express Velocity Platinum Card: 75,000 Velocity Pts ($3000 Spend in 90 Days), 25,000 Pts in 2nd Year, $375 Annual Fee

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CaptainHoltisDad on 08/05/2023 - 15:37 thechampagnemile.com.au (556 clicks)
Last edited 08/05/2023 - 18:54 by 1 other user

• 75,000 bonus Velocity Points when you apply online via The Champagne Mile by 1 June 2023, are approved, and spend $3,000 on eligible purchases on your new Card within the first 3 months.
• Additional 25,000 bonus Velocity Points in your second year upon fee renewal.
• Take off with a complimentary Virgin Australia domestic return flight to selected destinations each year you hold the card (T&Cs apply).
• Take off with a complimentary Virgin Australia domestic return flight to selected destinations each year you hold the card (T&Cs apply).

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  duodeta on 08/05/2023 - 15:49

  +4

  Cant afford annual fee of 375

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  xyron on 08/05/2023 - 16:26

  -1

  $750 for 100,000 velocity points doesn't seem like a great deal to me, especially factoring in how hard it is to use AMEX in everyday spending patterns these days.

  • 

    yellowrhino93 on 08/05/2023 - 16:28

    +4

    Includes a return domestic flight yearly, then all the other stuff like lounge passes. Pays itself off on the flight alone

    • 

      xyron on 08/05/2023 - 16:31

      +1

      Oh right, those perks should definitely be mentioned in the OP then - changes the equation somewhat.

      I last had this card around 2017 and found it hard to find places that took it even back then, outside of major retailers. Was very difficult to achieve the minimum spend with it on regular things like council rates, car rego, body corp fees etc.

      • 

        abs898 on 08/05/2023 - 16:58

        +2

        It's a different world now since 2017

        • 

          xyron on 08/05/2023 - 16:58

          -2

          @abs898: That's kinda my point, even fewer places take AMEX now than did in 2017.

          • 

            abs898 on 08/05/2023 - 17:10

            +2

            @xyron: I would counter that, we pay at 90% of places using Amex; sure yes sometimes there is a surcharge of 1-1.5% at some places like council, body corp but that can be justified when you redeem rewards for airlines or hotel

          • 

            Aroundthewicket on 08/05/2023 - 17:11

            +4

            @xyron: I would disagree with you Xyron. A large chunk of small businesses take AMEX now. I think its mainly due to “square” POS terminals accepting AMEX.

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              xyron on 08/05/2023 - 17:16

              @Aroundthewicket: That is interesting and useful, but I tend to find that these CC points deals only make sense when you can funnel your "big" expenses through them without copping big surcharges. I guess if you live in a council area that takes AMEX or you pay enough in tax to make the ATO surcharge worth copping, it might be a different story. I myself was eyeing off this AMEX but just couldn't justify it as most of my small business' expenses are disbursed from income! https://www.ozbargain.com.au/node/761623

              • 

                ONEMariachi on 09/05/2023 - 08:00

                +1

                @xyron: It's $1000/month. Surely you'd get close enough to it with just your groceries? I'm at about $800/month for me and my partner at coles/woolies.

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                  xyron on 09/05/2023 - 09:07

                  @ONEMariachi: With inflation we're probably getting close, but not really - baby due in June and thereafter, we probably will blitz $1k a month in groceries!

                  • 

                    ONEMariachi on 09/05/2023 - 10:46

                    @xyron: yeah should be good in that regard then. I guess, if you haven't already and the finances allow it. You can get ahead on some clothes etc to push you over the mark. Babies grow a size like every month lol

            • 

              abs898 on 08/05/2023 - 20:56

              @Aroundthewicket: Agreed, also Amex has really been pushing shop small

      • 

        JAF on 08/05/2023 - 17:18

        +2

        Amex is easy enough to use at most places now especially since you can use it through PayPal. Aldi is the only place I frequent that doesn’t accept it

      • 

        yellowrhino93 on 08/05/2023 - 17:41

        +1

        Ive had it since the 2016, it's hard to find a place that doesn't take it now or through alternative payment methods. Outside of aldi and a couple of places I rarely use a MasterCard/visa

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  JAF on 08/05/2023 - 17:20

  Great deal op. I would apply but I only recently cancelled my Amex Qantas in December 2022 so I wouldn’t be eligible for this because of 18 month waiting period ugh!

  • 

    abs898 on 09/05/2023 - 02:49

    +1

    Ok see you in July 2024

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  xor on 08/05/2023 - 17:50

  In the earlier offer through Velocity I got the first and second year in the first month (75000 + 25000 velocity points), plus the chosen bonus of 30000 points though Velocity

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  az9k on 09/05/2023 - 07:58

  I couldn't care less about the free trip or the lounge passes, could I just claim the points and quit before the yearly fee? Similar to the other Virgin credit card offers? Or is this charged on signup to the card.