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American Express
The American Express Essential Rewards Credit Card
Velocity Frequent FlyerAmex Experiences ticketing perks, smartphone screen cover, purchase/refund cover
Annual fee A$108
Apply45,400points/yr
Net value+A$346
Rank#2 of 40
Earn by category
Points a year · total 45,400Earn rules
| Category | Conditions | Rate | Monthly cap |
|---|---|---|---|
| Base earn | 0.5 pts / A$1 | ||
| Dining & cafés | Eligible eats & drinks in Australia: restaurants, cafes, bars, selected food delivery (e.…calculated as 70% of this category | 2.5 pts / A$1 | 4,000 points (shared) |
| Bills & subscriptions | Selected streaming subscriptions in Australia (Spotify, Netflix, Disney+, Binge, Kayo, St…calculated as 20% of this category | 1.5 pts / A$1 | 4,000 points (shared) |
| Everything else | Selected major retailers in Australia (The Iconic, JB Hi-Fi, Kmart, Bunnings, Uniqlo, Ama…calculated as 30% of this category | 1 pts / A$1 | 4,000 points (shared) |
- Monthly caps apply to bonus earn above the base rate; base earn continues after the cap.
- Earns Membership Rewards points; calculated at 2 points = 1 point
- Sign-up bonus: 15,000 points · 30,000 bonus MR points (= 15,000 Velocity at 2:1) for A$3,000 spend within 3 months; new Amex Card Members only.
- 1 point ≈ 1¢ (assumption, Oct 2026). Earn rates and annual fees follow each issuer’s disclosure.
Where these points go
This card earns or transfers to these programs.
Velocity Frequent FlyerVirgin Australia · 1 point ≈ 1¢Used in your result
Verified 2026-10-23 · American Express disclosure·Report an error