American Express Velocity Business Card turns business spend into 100,000 Velocity Points, Virgin lounge access and travel cover for Aussie businesses

Overview for Aussie businesses

The American Express Velocity Business Card is designed for Australian small and medium enterprises keen to turn everyday spend into travel rewards. New cardholders can earn 100,000 bonus Velocity Points after spending $3,000 in the first two months, a big boost for business travel budgets.

With a $249 annual fee and a 3% foreign transaction charge, the card still stacks up for businesses that fly regularly with Virgin Australia or pay large recurring costs. Eligibility typically asks for at least $75,000 annual business revenue and no Amex card in the past 18 months.

How you earn and redeem Velocity Points

Cardholders can earn up to 2 Velocity Points per $1 on eligible purchases, including the standout feature: points on ATO payments. That means tax time can actually help you reach flight redemptions faster, which is pretty handy for SMEs.

Velocity Points are flexible: use them for domestic and international flights, upgrades, or other redemptions with Virgin Australia. For example, a one-way business class ticket to Los Angeles is in the ballpark of 95,500 points, so the 100,000 sign-up bonus has serious value.

Travel perks, insurance and lounge access

The American Express Velocity Business Card comes with two complimentary Virgin Australia lounge passes each year and often includes a 12-month Velocity Frequent Flyer Gold membership, helping businesses travel in comfort. Complimentary domestic and overseas travel insurance covers many common business trip risks.

These protections typically include delayed or lost luggage, trip cancellations and medical emergencies, giving owners and staff peace of mind on the road. For teams that travel frequently, the lounge access and insurance can quickly offset the annual fee.

Practical features for managing business spend

Beyond points and perks, the card supports automatic feeds for popular accounting packages like MYOB, Microsoft Excel and Quicken, saving time on reconciliations and reporting. There’s also no pre-set spending limit, which helps when cash flow varies or larger purchases are needed.

Additional cardholders can be added for $99 each per year, and up to 99 employee cards are supported, enabling centralised expense control while still earning Velocity Points. Apply online in minutes if your business meets the criteria and you want to capitalise on the current bonus offer.