American Express Velocity Business Card

• Residency. You must be an Australian citizen or permanent resident.
• Credit history. You must have a good credit score with no history of bad debt or payment default.
• Age. You must be at least 18 years old to apply.
• ABN. Your business must have a valid ABN registered for GST.

Required documents

• Personal details. This includes your full name, date of birth, contact details and residential address.
• Business information. You'll need to include the name of your business and your registered ABN.
• Finances. You'll need to provide proof of individual annual income and business revenue through recent bank statements and payslips.

• Velocity Points per $1 spent. This card earns 1 Velocity Point per $1 spent on eligible purchases and 0.5 points per $1 on government transactions made with this card. You'll also earn 2 Velocity Points per $1 for eligible Virgin Australia purchases. Your Velocity Points are automatically transferred to your frequent flyer account each month and you can redeem them for flights with Virgin Australia and its partners, accommodation, products from the Velocity Store and much more.
• Virgin Australia lounge passes. Travel in style with 2 complimentary single-entry Virgin Australia lounge passes, which you can use at selected domestic airports every year. The perks will vary between lounges, but you can usually look forward to complimentary snacks, buffet meals and a full-stocked bar as well as work stations, desktop computers and high-speed Wi-Fi.
• Complimentary domestic and overseas travel insurance. When you use the card to pay for return business trips, you and your additional employee card members will be covered by complimentary travel insurance. Please see the card insurances terms and conditions for the eligibility requirements, inclusions and exclusions.
• Travel inconvenience cover. This insurance covers you in the case of flight delays, missed connections or delayed luggage as long as you purchase your trip using your card.
• Public transport accident cover. If you're travelling for business, American Express will waive up to $20,000 of outstanding charges on your card if you're in a serious accident.
• Easy tracking of business expenditure. In your monthly statements American Express will outline your GST-payable amount (where available) for transactions. Plus, you can download and keep track of statements and transactions using Quicken, Microsoft Excel or MYOB for easy business reporting.
• Card security. If your card is lost or stolen, you can usually get an emergency card replacement within 48 hours to virtually anywhere in the world. Online Fraud Protection Guarantee means your business won't be held responsible for unauthorised purchases made on your account.
• Mobile contactless payments. Whether you use an iPhone, Android or Samsung device, you can use Apple Pay, Samsung Pay and Google Pay to make convenient contactless payments with your smartphone at the checkout.

• Interest-free days. You have up to 51 days to pay off your purchases in full which gives you time to get your finances in order as your statements are monthly.
• Flexible Payment Option. Instead of paying off your balance in full each statement period, you can choose to pay off a portion of it over time with the Flexible Payment Option (subject to your Flexible Payment Option limit). This gives you a bit more flexibility, but you will get charged interest if you don't pay your closing balance in full by the due date each month. Check out the full Flexible Payment Option terms and conditions for more information.