Velocity Frequent Flyer Points Credit Cards

Compare Velocity credit cards that offer up to 200,000 bonus points, rewards for your everyday spending and a range of complimentary extras.

Exclusive to finder.com.au - American Express Credit Card Offer

American Express Velocity Platinum Card - Exclusive Offer

Receive 70,000 bonus Velocity points

Offer ends 26 September 2018

Eligibility criteria, terms and conditions, fees and charges apply

Exclusive to finder.com.au - American Express Credit Card Offer

Exclusive to finder, collect 70,000 bonus Velocity Points when you meet the spend requirement. Plus, receive a complimentary Virgin Australia domestic return flight and lounge passes.

  • $375 p.a. annual fee.
  • 20.74% p.a. on purchases
  • 0% p.a. for 12 months with 1% BT fee on balance transfers
  • Up to 55 days interest free
  • Minimum income requirement of $65,000 p.a.
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Rates last updated September 22nd, 2018
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
American Express Velocity Platinum Card - Exclusive Offer
70,000 bonus points
Velocity Frequent Flyer
1.5
20.74% p.a.
$375 p.a.
finder Exclusive: Ends 26 September 2018 Receive 70,000 bonus Velocity Points when you spend $3,000 within the first 3 months. Plus, Status Credits & lounge passes.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
60,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus points in the first 3 months with a $64 first year annual fee. Plus, the chance to win 1 million Velocity Points.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Velocity Frequent Flyer
0.66
0% p.a. for 14 months (reverts to 20.74% p.a.)
$129 p.a.
Enjoy 0% p.a. interest on purchases for 14 months. Plus, the chance to earn 1 million Velocity Points. Ends 31 Oct 2018.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with $64 first year annual fee and 0% p.a. balance transfer offer. Plus, the chance to earn 1 million Velocity Points. Ends 31 Oct 2018.
American Express Velocity Escape Card
Velocity Frequent Flyer
1
20.74% p.a.
$0 p.a.
Earn uncapped Velocity Points on purchases, pay $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
ANZ Rewards Travel Adventures card
40,000 bonus points
ANZ Rewards Program
1.5
20.24% p.a.
$225 p.a.
Receive 40,000 bonus Velocity Points, 2 yearly Virgin Australia lounge passes, plus enjoy $0 overseas purchase transaction fees.
Virgin Australia Velocity High Flyer Card - 80k Bonus Points offer
80,000 bonus points
Velocity Frequent Flyer
1
20.74% p.a.
$289 p.a.
Get the chance to earn 1 million Velocity Points and earn up to 80,000 bonus points. Plus, a 15 month balance transfer offer. Ends 31 Oct 2018.
American Express Velocity Business Card
Velocity Frequent Flyer
1
$249 p.a.
Take advantage of Velocity Points per $1 spent, no pre-set spending limit, data that feeds into MYOB and up to 51 days interest-free on purchases.
Citi Platinum Credit Card
200,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 10,000 bonus reward Points per month for 20 months. This adds up to 200,000 points, which can be converted to 80,000 Velocity Points.
American Express Explorer Credit Card
75,000 bonus points
Membership Rewards Gateway
2
20.74% p.a.
$395 p.a.
Get 75,000 bonus Membership Rewards points, a yearly $400 Travel Credit and 2 entries per year to the American Express Lounge. Ends 26 Sept 2018.
Citi Prestige Card
400,000 bonus points
Citi Rewards Program
3
20.99% p.a.
$700 p.a.
Receive 20,000 bonus reward Points per month for 20 months. This adds up to 400,000 points, which can be converted to 200,000 Velocity Points.
Citi Signature Credit Card
300,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$195 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 15,000 bonus reward Points per month for 20 months. This adds up to 300,000 points, which can be converted to 150,000 Velocity Points.

Compare up to 4 providers

How do Velocity Frequent Flyer credit cards work?

Velocity credit cards offer you frequent flyer points for every $1 you spend on eligible purchases. Some cards also earn bank reward points that you can transfer to Velocity Points. With a Velocity Frequent Flyer credit card, you can also get thousands of bonus points and save with introductory 0% interest rates when you sign up for a card with a promotional offer.

Depending on the Velocity Frequent Flyer credit card you choose, you could also enjoy complimentary extras such as travel insurance, airport lounge access and concierge services. Use this guide to compare Velocity Frequent Flyer credit cards and find out more about them so that you can choose the best frequent flyer credit card for you.

The finder.com.au best* credit cards to earn Velocity Points

Compare the bonus point offers and earn rates on these Velocity Frequent Flyer credit cards.

How can I earn points with a Velocity credit card?

To start earning Velocity Points with a credit card, you need to add your Velocity Frequent Flyer membership details to your credit card account. Often, you'll be asked for these details when you apply. But if you have a credit card that earns reward points you can transfer to Velocity, you will need to add your frequent flyer details to your rewards account before transferring the points. You can also call your credit card company and provide these details over the phone.

The number of points you get per $1 is referred to as the "earn rate" and varies between cards. Some cards also offer different earn rates based on the type of transactions you make. For example, a Velocity reward card could offer up to 2 Velocity Points per $1 spent with Virgin Australia and 1 point per $1 on all other eligible purchases. The points you earn through your credit card are then added to your Velocity account at regular intervals, usually once a month or at the end of each statement period.

Will I earn points for all my spending?

While most everyday purchases you make on a Velocity credit card will earn you points, there are some transactions that won't be eligible for rewards. Usually this includes cash advances, account fees and charges, BPAY payments, government charges, business transactions and gambling transactions.

Types of credit cards that earn Velocity points

When you're comparing Velocity credit cards, there are two main options to consider:

  • Direct earn Velocity Frequent Flyer credit cards. These cards allow you to earn Velocity Points that are automatically transferred to your frequent flyer account. Currently, Virgin Money, American Express and ANZ are the only card issuers in Australia that offer direct earn Velocity Frequent Flyer credit cards.
  • Indirect earn Velocity rewards card options. Rather than earning points straight into your Velocity account, these cards give you the option of transferring points from a credit card rewards program into your Velocity account. You can also redeem points for other rewards with the credit card rewards program. Currently, American Express, Commonwealth Bank, Westpac, ANZ, HSBC, St.George, Bank of Melbourne, BankSA, Citi, Suncorp Bank, Card Services and Bank of Queensland allow you to transfer credit card rewards points to Velocity Points.

How to transfer your credit card rewards points to your Velocity account

How to get bonus points with a Velocity credit card

Some Velocity Frequent Flyer credit cards offer bonus points if you're a new card member. These offers have specific requirements you need to meet before you can get the bonus Velocity Points. For example, you might have to successfully apply for the card and then spend $3,000 on eligible purchases within the first 3 months to receive 50,000 bonus Velocity Points.

ccf-velocity-plane

How to compare Velocity Frequent Flyer credit cards

If you want a rewards credit card that earns Velocity Points, looking at these features will help you find one that suits your needs:

  • Earn rate. This is the number of points you'll earn per $1 spent. Looking at how much you're likely to spend on the card and the number of Velocity Points that will earn you can help you figure out the value of the card. Remember to check if a different earn rate applies for certain types of transactions or dual card accounts so that you can maximise your rewards.
  • Bonus points. If you're applying for a new Velocity rewards card, make sure you compare the bonus point offers available and what you need to do to get them. These offers can give you thousands of Velocity Points that you can use to redeem flights or other rewards. As well as the size of the bonus points offer, make sure to consider the spend requirement you'll need to meet to get the points. You should also look at the ongoing features of the card to decide if it's worth it.
  • Annual fee. The value you get from the Velocity Points you earn on this type of credit card is offset by the annual fee you pay. Some introductory offers may halve or waive the annual fee in the first year but it's also important to consider the standard annual fee.
  • Interest rates. If you regularly carry a balance, make sure you know what the standard interest rate is. There's no point earning Velocity Points if the interest you're charged is worth more than the rewards you redeem. If you do often carry a balance from month to month, you might want to consider a card with a low interest rate instead.
  • Interest-free days. Most Velocity credit cards offer up to a certain number of days interest-free if you pay off your balance in full by the due date on your statement. This feature can help keep credit card costs to a minimum but only if you fully repay the balance each month.
  • Complimentary travel insurance. If you have an overseas trip coming up, a Velocity credit card that offers complimentary travel insurance can help you save on the cost of buying cover outright. While complimentary credit card travel insurance conditions vary between providers, usually you and eligible family members travelling with you will get cover for medical expenses, lost or stolen luggage and legal liability. However, there are eligibility requirements, limits and exceptions involved, so make sure you read the terms and conditions before you apply.
  • Exclusive flight offers. Some Velocity reward credit cards offer a complimentary domestic flight or flight voucher each year you have the card and meet the eligibility requirements. For example, the American Express Velocity Platinum offers a complimentary Virgin Australia return domestic flight every year after your first card spend for that year. Similarly, the Virgin Australia Velocity Flyer and High Flyer credit cards both offer a $129 Virgin Australia gift voucher every year when you make a retail purchase in the 2 months prior to requesting your voucher.
  • Flying perks. Some Velocity credit cards also offer other flying perks, such as complimentary single entry passes to the Virgin Australia lounge or discounts on business class companion fares when you fly internationally with Virgin Australia. If you make use of these benefits, they can help offset the costs of the card.

Mistakes to avoid with a Velocity Frequent Flyer credit card

Here are a few things that you must keep in mind while using a Velocity credit card:

  • Cash advances. These transactions, such as ATM cash withdrawals or foreign currency purchases, don't earn points and will accrue a fee and high cash advance interest immediately.
  • Balance transfers. Balance transfers don't earn frequent flyer points and if you need to concentrate on paying down an existing debt, you probably shouldn't be using a rewards card that might tempt you to spend.
  • High annual fees. Most frequent flyer credit cards come with high annual fees. Remember to make sure that the value of the rewards you'll earn will outweigh this cost.
  • Capped points. Some frequent flyer credit cards have a cap on how many points you can earn. So if you reach a certain amount of points, you might earn a reduced rate or not be able to earn any more points. Based on how much you plan to spend, make sure it doesn't exceed the points cap or you could miss out on potential rewards value.
  • Overspending. Make sure your frequent flyer card doesn't tempt you to spend just for the sake of earning more points. Remember that you have to repay everything you spend and the rewards won't be worth it if your balance starts collecting interest and you fall into debt.

How can I earn more points with a Velocity Frequent Flyer credit card?

Here are some of the ways you could maximise the Velocity Points you earn with a frequent flyer credit card:

  • Shop with bonus points partners. Some Velocity frequent flyer credit cards offer bonus points for spending with specific partners. For example, you may be able to earn bonus Velocity Points when shopping with Virgin Australia, another retail partner or when you spend money overseas. Make sure you know what bonuses are available so you can get more Velocity Points with your credit card.
  • Pay for big ticket items on your card. Whether you're booking travel, buying furniture or going to a major event, paying with your Velocity credit card can help you earn more points for these big-ticket expenses. Just make sure you can pay off the purchases before interest is charged, otherwise the cost could outweigh the value of the Velocity Points you earned.
  • Take advantage of bonus points offers. A wide range of Velocity credit cards offer bonus points when you first sign up for a card, which could help boost your frequent flyer balance. You'll usually need to meet some terms and conditions, such as applying before a certain date and spending a particular amount of money in the first few months you have the card, so make sure you understand what you need to do to qualify.
  • Spend with Velocity partners. As a Velocity member, you can also earn points when you spend with program partners such as Virgin Australia, Coles, BP service stations, Jetts Fitness, Virgin Mobile and a wide range of retailers on the Velocity eStore. If you use your Velocity credit card with these partners, you'll earn points twice: once through Velocity and once through your card. See our guide to earning Velocity Points to get started.

Velocity Points hack: Get higher membership status

The higher your Velocity membership status is, the more benefits you'll get, including bonus points, advanced seat selection on flights, priority boarding, Virgin Australia airport lounge entry and more. You can reach a higher membership level by earning Status Credits when you fly with Virgin Australia and its partners. You can also earn Status Credits through the Coles flybuys program. You'll need 250 Status Credits to move from Red to Silver status, 500 for Gold and 1,000 for Platinum.

How many points can I earn with a Velocity Frequent Flyer credit card?

If you want to work out if a Velocity credit card is right for you, a simple option is to calculate how many points you'll earn each month based on your regular monthly card spending. You can use the table below for some examples of how to estimate the points you'll earn each statement period.

American Express Velocity Platinum Card Virgin Australia Velocity High Flyer Card
Annual Fee $375 p.a. $289 p.a.
Points per $1 spent in Australia 1.5 Up to 1
Groceries – $500 750 500
Fuel – $200 300 200
Utilities – $150 225 150
Phone – $100 150 100
Entertainment – $450 675 450
Virgin Australia – $350 1,050 (purchases with Virgin Australian earn up to 3 Velocity Points) 350
Miscellaneous – $100 150 100
Total Velocity Points earned per month 3,300 1,850

As you can see, the number of points you'll earn largely depends on the earn rate of the card and how much you spend each month on eligible purchases. The more you spend and the higher the earn rate, the more Velocity Points you'll earn with your Velocity Frequent Flyer credit card. When making these calculations, you should factor in whether you can afford to pay off the balance before the statement period ends (to avoid collecting interest) and whether the value of the rewards will outweigh the yearly costs of the card.

Family perks you can enjoy with a Velocity Frequent Flyer Credit Card

As a member of the Velocity program, you will also be able to take advantage of a range of family benefits. These could include:

  • Additional cardholders. Velocity Frequent Flyer credit cards often allow you to include an additional cardholder on the account. This means your partner or other eligible family members would get their own card linked to the account to help maximise rewards, with all the Velocity Points going to your frequent flyer account. Note that you would still be responsible for all spending on the credit card account.
  • Parental leave. If you are a Silver, Gold or Platinum Velocity member expecting a new baby, you can pause your membership for up to six months. You can then restart it without losing your membership status.
  • Transferring points. If any of your relatives are enrolled in the Velocity program, you can transfer your points between members to help redeem points faster. See our guide on how to transfer your Velocity Points between family members for more information.
  • Lounge access. If you're a Silver Velocity Frequent Flyer, you'll get two single-entry passes for Virgin Australia lounges in Australia. Gold or Platinum Velocity Frequent Flyers can also bring additional guests and up to 2 children under 12 years old to the lounge, which could mean you and your family could wait for your flight in style before your next trip. Plus, some premium Velocity Frequent Flyer credit cards offer airport lounge access that may cover you and a guest.
  • Reward perks for Gold and Platinum members. If you're higher up in the Velocity status tiers, you can take advantage of guaranteed Rewards Seats each year for family holidays. Gold members can redeem points for up to four return Rewards Seats for their family for any holiday destination in Australia. Platinum members can use their points for return Reward Seats for up to four family members to a selection of hundreds of international holiday locations, as well as for upgrades on international flights.

The Virgin Australia Velocity Frequent Flyer program may also add benefits for family members or run specials from time to time. You can compare more family benefits of the Velocity Frequent Flyer program with our guide.

Virgin Australia Velocity Frequent Flyer credit cards can be a smart way to get more frequent flyer rewards from your everyday purchases. With so many different costs, earn rates and other perks available, comparing a range of Velocity credit cards and offers will help you apply for one that suits your needs.

Frequently asked questions about Velocity credit cards

Want to know more about Velocity rewards credit cards? Here, you'll find answers to the most common questions about them. If you have a specific question that you want to ask about Velocity frequent flyer credit cards, you can also get in touch with us using the contact box below.

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46 Responses

  1. Default Gravatar
    DarrenSeptember 13, 2018

    To get double points on buying velocity flights with a Virgin credit card, do you have to book online with Virgin or can you purchase through a travel agent?

    • finder Customer Care
      JeniSeptember 13, 2018Staff

      Hi Darren,

      Thank you for getting in touch with finder.

      You have to book your flights online to avail this double points promo.

      After you log in on your Velocity Frequent Flyer account, click on PROMOTIONS then click the Virgin Australia Double Points offer hyperlink then click on the BOOK NOW button to proceed with your booking. Please note that in order to eligible for this, you must book your flights using your Velocity membership number and travel before 30 November 2018.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  2. Default Gravatar
    KarenJune 8, 2017

    I am about to do major home renovations and would like to know which card would be my best option to gain Frequent Flyers whilst purchasing electrical goods and paying labour costs.

    • Default Gravatar
      LiezlJune 8, 2017

      Hi Karen,

      Thanks for your question. Unfortunately, we can’t actually recommend one specific card to our users as the best option depends entirely on your own financial situation.

      We can, however, provide you a streamlined comparison to help you in deciding. You can check your options for frequent flyer credit cards on this page. Moreover, this page lists the eligible purchases that will let you earn reward or frequent flyer points.

      I hope this has helped.

      Cheers,
      Liezl

  3. Default Gravatar
    WendyApril 18, 2017

    What exactly qualifies as retail purchases to unlock the bonus points in the first three months, and what qualifies in general to earn points? i.e can you have your mortgage debited from the card to earn points?
    Thanks,
    Wendy

    • finder Customer Care
      HaroldApril 26, 2017Staff

      Hi Wendy,

      Thank you for your inquiry.

      Most everyday purchases will earn points on your card. However, eligible purchases generally exclude cash advances, balance transfers, gambling transactions and government purchases.

      I hope this information has helped.

      Cheers,
      Harold

  4. Default Gravatar
    DebNovember 1, 2016

    I have a NAB velocity American Express Card, does this entitle me to access Virgin Lounges ??

    • finder Customer Care
      LouNovember 1, 2016Staff

      Hi Deb,

      Thanks for your question.

      If you are referring to NAB Velocity Rewards Credit Card, unfortunately, this card does not come with complimentary lounge access.

      You can check this page to find out how to get Free Access to Virgin Australia Airport Lounges.

      Cheers,
      Anndy

  5. Default Gravatar
    brodyOctober 10, 2016

    Hi,

    I’m looking for a new credit card and not sure where to start.

    i travel with Virgin for work and catch approximately 20 flights per year.

    Expenses on the credit card would be 10k-20k per year.

    Any suggestions or advice would be appreciated. Velocity flyer card is what i was looking at.

    All repayments are made before due dates so interest inst an issue.

    Cheers,

    • finder Customer Care
      MayOctober 10, 2016Staff

      Hi Brody,

      Thank you for your inquiry. As finder.com.au is a comparison website, I’m afraid we can’t recommend one specific card to you.

      Nonetheless, if you are interested in applying for a credit card that would let you earn Velocity points, you may compare the credit cards listed above. Please review the criteria by clicking the name of the card and once you’ve found a card you’re eligible for and you want to apply for, you can click “Go to Site” to head over to the card issuer’s website.

      Cheers,
      May

  6. Default Gravatar
    IvanJune 11, 2016

    Can I transfer my qantas frequent flier points to velocity points

    • finder Customer Care
      LouJune 13, 2016Staff

      Hi Ivan,

      Thanks for your comment.

      Unfortunately, you can’t transfer your Qantas frequent flyer points to Velocity points. However, you can redeem Qantas points for flight rewards, travel perks and merchandise on the Qantas Store

      Cheers,
      Anndy

  7. Default Gravatar
    SimonSeptember 7, 2015

    Application for credit cards that have a minimum annual income of $50,000

    however, am only currently working part time by choice so that criteria in not achievable just yet. Is this factored into the application or is it very black and white that the minimum annual income must be met.

    • finder Customer Care
      JonathanSeptember 7, 2015Staff

      Hi Simon, thanks for your inquiry!

      Unfortunately the minimum annual income is an application requirement and requires supporting documentation. You may like to compare low interest rate credit cards on this page, which have lower minimum income requirements.

      Cheers,

      Jonathan

  8. Default Gravatar
    Macca9988August 29, 2015

    Do you gain status credits on your companion fares purchased on your credit card? Visa Virgin money cards and AMEX platinum velocity card companion to business ? Also the free flight on offer on the AMEX do you gain status credits?

    • finder Customer Care
      JonathanSeptember 1, 2015Staff

      Hi Macca9988, thanks for your inquiry!

      Companion membership fares will earn status credits to your account if Family Pooling is activated. Family Pooling allows you to group your family members’ Points or Points and Status Credits into one Account. Discount Economy fares/ Saver fares are ineligible for earning status credits. As a result the free flight would not qualify for this credits earning.

      I hope this helps.

      Cheers,

      Jonathan

  9. Default Gravatar
    DarrenJuly 12, 2015

    I am looking at applying for a Velocity Escape Card but special offer of 15,000 points is for those applying before 30 June will those points be credited to me in good faith if I apply today?

    • finder Customer Care
      SallyJuly 13, 2015Staff

      Hi Darren,

      Thanks for your question.

      If the 15,000 bonus points are only available to new applicants who apply before 30 June, then you will not receive the bonus points if you apply after that date.

      I hope this has answered your question.

      Thanks,

      Sally

  10. Default Gravatar
    sandraJuly 6, 2015

    With A Virgin Credit Card how do they go world wide is it recognised in a lot of countries?

    Also when they say “balance transfer” can you please explain a little further to help me understand which card is better for me?

    • finder Customer Care
      SallyJuly 7, 2015Staff

      Hi Sandra,

      Thanks for your question.

      Depending on which of the Velocity Frequent Flyer Rewards credit cards you choose, the card will either be a Visa, MasterCard or American Express. As each of these credit card types are widely accepted around the world, you will be able to use your card and access your funds internationally.

      Velocity rewards credit cards can also be used to earn and redeem points with Virgin Airways and their international airline partners, allowing you to earn and use the rewards points you receive on your card internationally.

      A balance transfer refers to the process of transferring a balance from an existing account to a new credit card account with another credit card company. Balance transfers are usually done to move your balance to a card with a lower interest rate in an attempt to better manage existing debt.

      If a balance transfer sounds of interest, you may wish to compare some of your credit card options here.

      I hope this has helped.

      Thanks,

      Sally

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