Amex Velocity Business Card delivers 100,000 Velocity Points, Virgin Australia lounge passes and SME-friendly perks
Amex Velocity Business Card lets Aussie SMEs turn everyday spend into 100,000 Velocity Points, Virgin Australia lounge access and practical business perks
Strong value for Aussie SMEs
The American Express Velocity Business Card is tailored for Australian small and medium enterprises that want to turn everyday spend into travel rewards. With 100,000 bonus Velocity Points on offer for new members, this card gives real bang for your business buck when you meet the sign-up criteria.
To grab the 100,000 Velocity Points you must apply by 27 August 2024 and spend $3,000 within two months of approval. The card requires a minimum business revenue of $75,000 and that you have not held an American Express card in the last 18 months to be eligible for the introductory offer.
How you earn and redeem Velocity Points
The Amex Velocity Business Card earns up to 2 Velocity Points per $1 spent on eligible purchases, including ATO payments and many everyday business costs. Earning on tax payments and software subscriptions helps accelerate points accumulation for businesses that want flights and upgrades sooner.
Velocity Points can be redeemed for Virgin Australia flights, upgrades and a wide range of travel and retail rewards. For example, a one-way business class seat from Sydney to Los Angeles can be redeemed for around 95,500 Velocity Points, making the 100,000 bonus especially useful for big-ticket redemptions.
Travel perks, insurance and integrations
The card includes two complimentary Virgin Australia lounge passes each year and a complimentary 12-month Velocity Frequent Flyer Gold membership, which boosts lounge access and priority benefits. Complimentary domestic and overseas travel insurance adds an extra layer of protection for corporate trips.
Practical business integrations are included too: automatic feeds to MYOB, Microsoft Excel and Quicken simplify bookkeeping and expense reconciliation. For SMEs juggling GST, payroll and invoicing, these feeds shave hours off manual data entry and reduce reconciliation headaches.
Fees, limits and deciding if it’s right for you
The annual fee sits at $249, which compares favourably given the points bonus, travel perks and insurance. Additional employee cards cost $99 each per year and there’s a 3% foreign transaction fee to factor in if you trade overseas often.
The card has no preset spending limit, offers up to 51 days interest-free on purchases and supports up to 99 additional cardholders, making it scalable for growing teams. Weigh the fee against the likely Velocity Points you can earn from regular business spend to see if the Amex Velocity Business Card will deliver net value for your company.