Terms and Conditions

American Express approval criteria applies. Subject to Terms and Conditions. Fees and charges apply. Refer to American Express Australia Limited's website for details. You should consider if the Card is suitable for you before applying. Card benefit information is correct as at 14 August 2025 and is subject to change. This offer is only available to those who reside in Australia. Cards are offered, issued and administered by American Express Australia Limited (ABN 92 108 952 085), ®Registered Trademark of American Express Company.

*150,000 bonus Velocity Points: Offer only available to new American Express Card Members who apply by 7 October 2025, are approved and spend $5,000 on eligible purchases on their new Card in the first two (2) 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. 150,000 bonus Velocity Points will be awarded to the eligible Card Member's Account 8-10 weeks after the spend criteria has been met. $249 annual Card fee applies. Velocity membership and Points earn and redemption are subject to the American Express Velocity Business Card Points Terms and Conditions. This advertised offer is not applicable or valid in conjunction with any other advertised or promotional offer.

^{^}Velocity Frequent Flyer Runway to Rewards Offer refers to the following bonus Velocity Points offers (“Offer”):

1. 20,000 bonus Velocity Points,   
2. Double Velocity Points for 6 months (up to a maximum of 60,000 bonus Velocity Points), a bonus Velocity Points offer which doubles the Velocity Points earn rate for Velocity Points that satisfy the following eligibility conditions:
   •  Velocity Points must be earned using a card identified in these Terms and Conditions as a card eligible for the Offer ‘Eligible Card’, and this Eligible Card must be linked, and remain linked, to the cardholder’s Velocity Frequent Flyer account;
   • Velocity Points must be credited to the activity statement of your Velocity Frequent Flyer account during the six-month period from 1 October 2025 until 31 March 2026 (inclusive) and you are only eligible for bonus Velocity Points up to a maximum of 60,000 Velocity Points; and
   • Velocity Points earned through an acquisition bonus Points offer or any other bonus Points offer from a Charge Card issuer are not eligible for the bonus Velocity Points.

The Offer is limited to one Runway Upgrade per Eligible Card application. You must select one of the two available Runway Upgrade options identified in these Terms and Conditions. The Offer is available between 12:01am (AEST) 14 August 2025 and 11:59pm (AEST) 30 September 2025 (inclusive) (“Promotion Period”). To be eligible to receive either of the Runway Upgrade options available under the Offer, you must: 

1. be a Velocity Frequent Flyer member;
2. during the Promotion Period;
   • select one of the two available Runway Upgrade options by visiting here , prior to applying for an Eligible Card;
   • receive an email from Velocity Frequent Flyer to the email address nominated in your Velocity Frequent Flyer account confirming that the Runway Upgrade selection has been activated (‘Confirmation Email’); and
   • after receipt of the Confirmation Email, apply and be approved for an Eligible Card.
3. meet all required conditions relevant to your Eligible Card to receive the acquisition bonus Points offer from the Eligible Card issuer.

The selection of a Runway Upgrade option under the Offer is final and may not be changed once selected. Only one Runway Upgrade option is available per Eligible Card application during the Promotion Period. The Runway Upgrade options available under the Offer are separate from any bonus Points or other eligible offers from the Eligible Card issuer. The Runway Upgrade selection must be made prior to any new Eligible Card application by visiting here. The Offer is only available for new Eligible Card applications which are applied for and approved during the Promotion Period. Each Runway Upgrade option is subject to further terms and conditions as follows: 

20,000 bonus Velocity Points 

For an Eligible Card issued by American Express Company (‘American Express’) the 20,000 bonus Velocity Points will be allocated to your Velocity Frequent Flyer account within 30 days of you receiving the relevant eligible acquisition bonus Points associated with the individual card provided by the issuer of the Eligible Card. As long as your Velocity Frequent Flyer account remains active, the 20,000 bonus Velocity Points will be credited to your Velocity Frequent Flyer account in accordance with and subject to the Velocity membership Terms and Conditions. 

Double Velocity Points for 6 months (up to a maximum of 60,000 bonus Velocity Points)

For an Eligible Card issued by American Express the bonus Velocity Points earn rate will be calculated based on the total number of Velocity Points that satisfy the following: a) Velocity Points you have received in your Velocity Frequent Flyer account from the use of your Eligible Card ,excluding any bonus Velocity Points earned from an acquisition bonus Points offer from an Eligible Card issuer, and  b) Velocity Points you have received in your Velocity Frequent Flyer account with a Velocity Frequent Flyer activity date between 1 October 2025 and 31 March 2026 (inclusive). The bonus Velocity Points awarded will be equal to the total number of Velocity Points that satisfy both a) and b) above, up to a maximum of 60,000 bonus Velocity Points. For the avoidance of doubt, the relevant date for the calculation of bonus Velocity Points is the date Velocity Points are credited into your Velocity Frequent Flyer account which may vary from the date Velocity Points may appear on the statement for your Eligible Card. The date of receipt of Velocity Points in your Velocity Frequent Flyer account will vary based on the statement cycle of the issuer of your Eligible Card. The bonus Velocity Points will be credited to your Velocity Frequent Flyer account by 30 April 2026. 

As long as your Velocity Frequent Flyer account remains active, the bonus Velocity Points will be credited to your Velocity Frequent Flyer account in accordance with and subject to the Velocity membership Terms and Conditions. 

Eligible Card means:

• American Express Velocity Business Card