Why Consider the American Express Velocity Escape Card?

If you’re keen on racking up Velocity Points without having to fork out an annual fee, the American Express Velocity Escape Card could be just what you’re after. This card is a solid choice for anyone who loves to travel and wants to make their spending work harder for them.

Whether you’re a seasoned Velocity Points collector or just getting started, the Amex Velocity Escape offers a straightforward way to earn rewards on your everyday purchases.

Let’s dive into what makes this card stand out, how you can make the most of its benefits, and what you need to know before applying.

Key Benefits of the American Express Velocity Escape Card

When it comes to earning Velocity Points, the American Express Velocity Escape Card ticks quite a few boxes. The standout feature is the earn rate, you’ll earn Velocity Points on every eligible dollar you spend.

These points can be put towards flights, upgrades, and a range of other rewards through Virgin Australia’s Velocity Frequent Flyer program. For frequent flyers or those planning a big trip, this is a great way to build up points quickly.

One of the major perks of this card is that it comes with no annual fee. While many rewards cards charge a yearly fee for the privilege of earning points, the Velocity Escape lets you enjoy all the benefits without that extra cost.

This makes it an excellent option for those who want to maximise their points without paying extra.

Here’s a breakdown of how you earn Velocity Points:

• 1.75 Velocity Points per $1 spent on eligible purchases with Virgin Australia.
• 0.75 Velocity Points per $1 spent on all other eligible purchases (excluding government bodies in Australia).
• 0.5 Velocity Points per $1 spent on purchases at government bodies in Australia.

Additionally, the card offers uncapped points earning potential, meaning there’s no limit on how many Velocity Points you can accumulate. This is especially advantageous for frequent spenders who want to maximise their rewards.

American Express is also known for its world-class customer service and comprehensive insurance options, giving you peace of mind when you travel.

The card comes with Card Refund and Purchase Cover, which protects eligible purchases, and access to Amex Offers, where you can access exclusive deals and discounts just for being a cardholder.

Potential Drawbacks of the American Express Velocity Escape Card

While the American Express Velocity Escape Card has plenty of perks, it’s important to consider a few potential drawbacks before applying.

First, American Express cards aren’t as widely accepted as Visa or Mastercard, particularly in smaller stores or regional areas. While acceptance has improved significantly in recent years, it’s something to keep in mind if you frequently shop at places that may not take Amex.

Another point to consider is the interest rate. The card comes with an interest rate of 23.99% p.a. on purchases, which is on the higher end compared to some other credit cards.

Therefore, it’s best suited for those who pay off their balance in full each month. Carrying a balance could quickly negate the benefits of the points you’re earning due to the high-interest charges.

Lastly, while there’s no annual fee, there is a foreign transaction fee on purchases made overseas or in foreign currencies. If you often travel internationally or shop from overseas websites, this fee could add up.

How do I apply for the American Express Velocity Escape Card?

Applying for the American Express Velocity Escape Card is simple:

Step 1 – Start by visiting the official American Express Velocity Escape Card website.

Step 2 – Once the page opens, click on “Apply Now” to access the secure online application form.

Step 3 – Carefully fill out the application form, providing all the requested details. Follow the prompts until you’ve completed the form.

Step 4 – Finally, review the information you’ve entered and submit your application. American Express will assess your application and perform a credit check.

Step 5 – If your application is approved, your new Velocity Escape Card will arrive within 5 to 10 business days

Frequently Asked Questions About the American Express Velocity Escape Card

What do I need to apply for the American Express Velocity Escape Card?

Before you apply for the American Express Velocity Escape Card, you’ll need to meet a few basic requirements:

• Age: You must be at least 18 years old to apply for this card.
• Residency: You need to be an Australian citizen, permanent resident, or hold a long-term visa.
• Credit History: A solid credit history is crucial. American Express will check your credit score as part of the application process, so it’s wise to review your credit report beforehand.
• Proof of Income: You’ll need to show evidence of a stable income. While Amex doesn’t specify a minimum income, demonstrating regular earnings will increase your chances of approval.
• Identification: A valid ID such as a driver’s licence or passport is required to verify your identity.

When will I receive my card after applying?

After you’ve been approved, your American Express Velocity Escape Card should arrive within 5 to 10 business days. You’ll need to activate it before you can start using it, which can be done online or over the phone.

How can I request a higher credit limit on this card?

If you’ve been using your Velocity Escape Card responsibly and find that you need a higher credit limit, you can request an increase.

This can be done by contacting American Express customer service or through your online account. Amex will review your credit history and financial situation before approving a credit limit increase.

What should I do if I can’t pay my credit card bill?

If you’re having trouble making a payment on your Velocity Escape Card, it’s important to contact American Express as soon as possible.

They may be able to help you set up a payment plan or offer temporary relief options. The key is to communicate early to avoid late fees and keep your account in good standing.

How to Contact American Express?

If you need assistance with your American Express Velocity Escape Card, there are several ways to get in touch:

• Phone Support: Call American Express customer service at 1300 132 639 during business hours, Monday to Friday.
• Online Account: Log in to your American Express online account to manage your card, check your balance, and send secure messages to the support team.
• Mobile App: Use the Amex mobile app to manage your card on the go, make payments, and access customer support directly from your smartphone.