The American Express Velocity Business Card
The American Express Velocity Business Card - earn Velocity Points on your Business spend.
- Purchase rate
- 23.99%
- Annual fee
- $249.00
Interest Rates
| Type | Rate | Comparison | Applies To |
|---|---|---|---|
| Purchase Flexible Payment Option rate applied to the portion of your statement balance carried forward up to your FPO limit. | 23.99% | — | — |
Fees
| Fee | Type | Amount |
|---|---|---|
| Annual Fee Charged yearly | Ongoing | $249.00 |
| Business Employee Card Fee Charged yearly · $99 annual Employee Card fee per Card for up to 99 Cards (this limit includes both active and cancelled Employee Cards). | Ongoing | $99.00 |
| Late Payment Fee When you do not pay the minimum payment required by the due date as shown on your statement. · Three percent (3%) or $20, whichever is greater, will be charged on any overdue amount. | Event | 3% of balance |
| Currency Conversion Fee 3.5% of the converted amount. Payable when any charge is processed in a currency other than Australian dollars. | Purchase | 3.5% of transaction |
| Dishonour Fee $20 for each dishonour or debit rejection. | Event | $20.00 |
| Over the Counter Fee $3 Payable if you pay your Card Account in person at Australia Post by EFTPOS. | Payment | $3.00 |
Features
- Additional cards — up to 99
- $99 annual Employee Card fee per Card for up to 99 Cards.
- Bill payment (BPAY) — Ways to pay your bill
- Bonus rewards — New Card Member Offer
- Digital banking — Amex App
- The Amex App lets you quickly and easily manage your Card Account anytime, anywhere.
- Digital wallet — Apple Pay
- Digital wallet — Google Pay
- Digital wallet — Samsung Pay
Eligibility
- Minimum age — 18 years
- 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
- Employee 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.
- Business customersMust be a Director or Controller of the business
- Business customersAn active Australian Business Number (ABN).
- Business must be GST registered.
- Minimum turnover — $75,000.00 p.a.
- Applications are assessed based on the information provided and are subject to credit approval.
More Information
Published by American Express under the Consumer Data Right · Last updated 9 July 2026 · Product ID c5bb5574-b7cb-4216-bc45-d2bb9a60dce2 · View Source Data (JSON)