American Express
The American Express Velocity Business Card
American Express · cred and chrg cards
Provider last updated this product 2026-07-09.
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You'll complete your application on
American Express's website. Confirm the rate and fees with them
before applying.
The American Express Velocity Business Card - earn Velocity Points on your Business spend.
Lending rates
| Type | Rate | Comparison | Purpose | Repayment | Fixed term | Applies to | Interest |
|---|---|---|---|---|---|---|---|
| PURCHASE | 23.99% | - | OTHER | OTHER | - | - | calculated daily, paid monthly |
| Flexible Payment Option rate applied to the portion of your statement balance carried forward up to your FPO limit. | |||||||
Fees
| Fee | Type | Amount | Details |
|---|---|---|---|
| Annual Fee | PERIODIC | $249 | - |
| Business Employee Card Fee | PERIODIC | $99 | $99 annual Employee Card fee per Card for up to 99 Cards (this limit includes both active and cancelled Employee Cards). |
| Late Payment Fee | EVENT | 3.00% | Three percent (3%) or $20, whichever is greater, will be charged on any overdue amount. |
| Currency Conversion Fee | PURCHASE | 3.50% | 3.5% of the converted amount. Payable when any charge is processed in a currency other than Australian dollars. |
| Dishonour Fee | EVENT | $20 | $20 for each dishonour or debit rejection. |
| Over the Counter Fee | PAYMENT | $3 | $3 Payable if you pay your Card Account in person at Australia Post by EFTPOS. |
| Record of Charge Fee | EVENT | $7 | Payable when you or the Employee Card Member requests a copy of an individual charge. $7 for charges in Australia, or $10 for other charges. |
Rate history
The figures behind this chart
| From | Until | Rate |
|---|---|---|
| 2026-09-25 | 2026-09-30 (current) | 23.99% |
Published figures as captured daily since 2026-09-25. A step is the day the provider's published figure changed; days without a published figure carry the last published value.
Features
- Enjoy exciting offers and deals with Amex Offers that add value to your Card Membership. Amex Offers must be saved to the Card and used for qualifying spend, subject to offer-specific criteria, to receive a benefit.
- Get pre-sale tickets and access to some of your favourite events, and enjoy the Amex Entertainment Lounge before the show at select venues. With Amex, you can dive into unforgettable experiences.
- Optimise your cash flow by choosing to pay off a portion of your balance, up to your FPO limit, over time. Subject to interest.
- Take advantage of up to 51 days to pay for purchases
- Escape the crowds with two complimentary passes to the Virgin Australia Lounge at selected domestic airports each Membership year when travelling on an eligible Virgin Australia domestic flight, subject to availability and eligibility criteria.
- Your Velocity Business Card has flexible spending power, also known as no pre-set spending limit, because it is a Charge Card.
Who can apply
- min age - 18
- residency status - You are an Australian citizen or permanent resident or hold a long term visaLong term visa means 12 months or more and does not include a student visa
- otherEmployee Card Members must be over 18 years of age. The Business and the Primary Card Member are jointly and severally liable for all Employee Card spending. Each employee is entitled to only one (1) Employee Card.
- businessMust be a Director or Controller of the business
- businessAn active Australian Business Number (ABN).
- other Business must be GST registered.
- min turnover - 75000.00
- otherApplications are assessed based on the information provided and are subject to credit approval.
The provider's own documents
Published by the provider under the Consumer Data Right. These are their documents, not ours - they are the authority on this product.
Last updated by data holder: 2026-07-09T05:00:00.000Z · Product ID: c5bb5574-b7cb-4216-bc45-d2bb9a60dce2