Velocity Credit Cards

Compare Velocity credit cards that offer bonus points, status credits, lounge passes and other perks. To give you more choice, we've included cards that earn points you can transfer to Velocity.

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Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
American Express Velocity Platinum Card
120,000
Velocity Frequent Flyer
1.25
20.74% p.a.
$375
120,000 bonus Velocity Points & 120 Velocity Status Credits when you spend $4,500 in the first 3 months.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
N/A
Velocity Frequent Flyer
0.66
20.74% p.a.
$0 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. on balance transfers for 28 months (with no BT fee). Plus, $0 annual fee in the first year. Ends 31 October 2021.
American Express Velocity Escape Card
10,000
Velocity Frequent Flyer
0.75
20.74% p.a.
$0
Get 10,000 bonus Velocity Points when you spend $750 in the first 3 months, 0.75 points on your everyday purchases, uncapped, and a $0 annual fee for the life of the card.
American Express Velocity Business Card
75,000
Velocity Frequent Flyer
1
0% p.a.
$249
ABN holders w/ $75,000 revenue. Receive 75,000 bonus Velocity Points when you spend $3,000 in the first 2 months.
Citi Premier Card
130,000
Citi Rewards Program
1
21.49% p.a.
$150 annual fee for the first year ($300 p.a. thereafter)
Enjoy 130,000 bonus points (worth $450 in eGift cards) when you spend $4,000 within the first 90 days. Plus, a first-year annual fee discount.
Citi Rewards Card - Points & Gift Card Offer
90,000
Citi Rewards Program
1
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Receive 90,000 bonus Citi reward Points (worth $400 in gift cards) and a $100 Coles eGift Card when you spend $3,000 in the first 90 days. Ends 31 October 2021.
CommBank Ultimate Awards Credit Card with Qantas Points
70,000
Qantas Frequent Flyer
0.8
20.24% p.a.
$450
Receive 70,000 bonus Qantas Points when you apply and spend $5,000 in the first 90 days from card approval. Plus, 0% foreign fees.
American Express Platinum Edge Credit Card
50,000
Membership Rewards
1
20.74% p.a.
$195
Earn 50,000 bonus points when you spend $1,500 within the first 3 months. Plus, a $200 statement credit offer.
Westpac Altitude Platinum Card
130,000
Westpac Altitude Rewards
1
20.49% p.a.
$49 annual fee for the first year ($150 p.a. thereafter)
Get 130,000 bonus Altitude Points (worth $450 cashback) when you spend $3,000 in the first 90 days, a 0% balance transfer offer and a $49 discounted annual fee.
NAB Rewards Business Signature Card
100,000
NAB Rewards
1.25
18.5% p.a.
$175
Get 100,000 bonus NAB Rewards points when you spend $4,000 on everyday business purchases in the first 60 days. ABN required.
American Express Business Explorer Credit Card
100,000
Membership Rewards Gateway
2
3.99% p.a. for 6 months, reverts to 19.99% p.a.
$149
ABN holders w/ $75,000 revenue. Get 100,000 bonus points when you spend $3,000 in the first 3 months. Plus, 2 airport lounge passes.
American Express Platinum Business Card
200,000
Membership Rewards Ascent Premium
2.25
0% p.a.
$1,750
ABN holders w/ $75,000 revenue. Get 200,000 bonus Membership Rewards points and a $300 credit when you spend $5,000 in the first 3 months.
St.George Amplify Signature
200,000
Amplify Rewards
1.5
19.74% p.a.
$279
Up to 200,000 bonus points (100k first year & 100k second year) - worth $900 in gift cards - when you spend $12,000/yr for the first 2 years.
St.George Amplify Platinum
130,000
Amplify Rewards
1
19.74% p.a.
$49 annual fee for the first year ($99 p.a. thereafter)
Receive 130,000 bonus Amplify Points when you spend $3,000 in the first 90 days. Plus, a 0% balance transfer offer and a first-year annual fee discount.
American Express Platinum Card
200,000
Membership Rewards Ascent Premium
2.25
0% p.a.
$1,450
Up to 200,000 bonus points (150k when you spend $3,000 in the first 3 months and 50k in year 2). Plus, a $450 Travel Credit per year.
David Jones American Express Platinum Card
70,000
Membership Rewards
1
0% p.a. for 12 months, reverts to 20.74% p.a.
$295
Earn 70,000 bonus Membership Rewards Points when you spend $1,500 outside DJs in the first 3 months. Plus 0% p.a. on purchases for 12 months.
BankSA Amplify Platinum
130,000
Amplify Rewards
1
19.74% p.a.
$49 annual fee for the first year ($99 p.a. thereafter)
Earn 130,000 bonus Amplify Points when you spend $3,000 in the first 90 days, plus a $49 first-year annual fee.
Bank of Melbourne Amplify Platinum
130,000
Amplify Rewards
1
19.74% p.a.
$49 annual fee for the first year ($99 p.a. thereafter)
Get 130,000 bonus Amplify points when you spend $3,000 in the first 90 days and and a first-year annual fee discount.
Bank of Melbourne Amplify Signature
200,000
Amplify Rewards
1.5
19.74% p.a.
$279
Up to 200,000 bonus points (100k in the 1st year & 100k in the 2nd year) - worth $900 in gift cards - when you spend $12k/year for the first 2 years.
BankSA Amplify Signature
200,000
Amplify Rewards
1.5
19.74% p.a.
$279
Up to 200,000 bonus points (100k first year & 100k second year) - worth $900 in gift cards - when you spend $12,000/yr for the first 2 years.
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A Velocity credit card gives you a way to earn frequent flyer points for every $1 you spend on eligible purchases. Some of these credit cards also have big bonus point offers when you sign up, which can help you get Velocity rewards flights, status and other perks you want sooner.

Interested? Here's a closer look at what you need to know about Velocity Frequent Flyer credit cards.

How do Velocity Frequent Flyer credit cards work?

How can I earn points with a Velocity credit card?

All you have to do to get started is add your Velocity Frequent Flyer membership details to your credit card account – sometimes you're even asked to do this when you apply.

Then, when you use a Velocity credit card to pay for groceries, food delivery, a new outfit or any other eligible transaction, you'll get a set number of points per $1 spent. For example, if you got a card that offered 1 Velocity Point per $1 and spent $200 at the supermarket, you'd get 200 Velocity Points.

What is an eligible transaction on a Velocity frequent flyer credit card?

You can earn Velocity Points on most everyday spending, including food and drinks, travel bookings and even medical appointments. While it varies between cards, transactions that don't usually earn points include cash advances, balance transfers, gambling transactions and BPAY payments.

Types of credit cards that earn Velocity points

There are actually two ways to earn Velocity Points with a credit card: by earning Velocity Points directly or by transferring reward points to your frequent flyer account. Here's a closer look at how each one works:

  • Credit cards that earn Velocity Points directly

These cards earn Velocity Points that are automatically transferred to your frequent flyer account. Currently, American Express, BOQ Specialist, Virgin Money and Westpac all offer these "direct earn" Velocity Frequent Flyer credit cards.

  • Cards that let you transfer reward points to Velocity Frequent Flyer

With these cards, you can transfer points from a credit card rewards program into your Velocity account. You can also redeem points for other rewards offered directly through the credit card rewards program.

Credit card providers that give you this option include American Express, Commonwealth Bank, Westpac, ANZ, HSBC, St.George, Bank of Melbourne, BankSA, Citi, Suncorp Bank and Bank of Queensland. When you're comparing these cards, check the transfer rate (how many Velocity Points you'll get from a transfer), as it does vary.

Take it further: If you get a card that offers point transfers, keep an eye out for transfer bonus offers that can add to your Velocity Frequent Flyer balance. For example, you could get a 15% bonus when you transfer rewards points to Velocity Points during an offer period.

ccf-velocity-plane

How to find the best credit card for earning Velocity Frequent Flyer points

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 and, generally, 1 Velocity Point per $1 is a competitive earn rate for a direct earn card. Make sure you also check for any points caps or spend thresholds in your comparison.
  • Bonus points. Some Velocity credit cards some with bonus point offers on sign-up. These offers typically range from 10,000 to 120,000 points when you meet the spend requirements. For example, a card might offer 80,000 bonus points when you spend $4,000 in the first 3 months.
  • Annual fee. Although some Velocity Frequent Flyer cards charge $0 annual fees, you can usually expect more competitive earn rates and extra features if a card has a higher annual fee.
  • Interest rates. This will usually hover around 20% p.a. If you regularly carry a balance between statement periods, the interest costs you'll accrue can easily outweigh the value of your Velocity Points. So, rewards cards are best suited to cardholders who regularly pay their account in full.
  • Complimentary travel insurance. 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.
  • 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 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.
  • Lounge passes. Many Velocity Frequent Flyer cards also offer complimentary single entry passes to Virgin Australia lounges, where you can enjoy complimentary food and beverages, high-speed Wi-Fi, dedicated check-in, bathrooms and shower facilities as well as meeting rooms and working spaces. If you have an American Express Velocity card, you may also receive passes to visit the American Express lounges at Sydney and Melbourne airport.

How many Velocity Points do I need for a flight?

You can get Reward Seat flights from 7,800 Velocity Points, not including carrier charges that are billed separately. For example, this is enough for a one-way economy flight from Sydney to Melbourne. Below are a few other examples to give you an idea of the points you'd need for a return flight:

  • Sydney to Melbourne in business class: 31,000 points
  • Brisbane to Perth in economy: 35,600 points
  • Sydney to Fiji in business class: 71,000 points

This means a competitive Velocity credit card bonus points offer will give you enough points for a reward flight (or flights). You'll find more examples and tips on redeeming points in Finder's guide to the Velocity Frequent Flyer program.

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. The complete list of Velocity everyday partners is available on the Velocity website.
  • Pay for big ticket items on your card. 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. Many Velocity credit cards offer bonus points when you first sign up for a card, which will help boost your frequent flyer balance. You'll usually need to meet some conditions to take advantage, such as spending a particular amount of money in the first few months you have the card.
  • 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.
  • Additional cardholders. Many Velocity Frequent Flyer credit cards allow you to link additional cardholders to the single account. All of the points earned on the additional card are pooled within the one Velocity account. This can be an easy way to boost your Velocity Points if you request an additional card for your partner or for employees if you're using a business card.

Score more perks with Velocity Status Credits

Status Credits help you reach higher Velocity membership tiers that unlock bigger benefits like priority boarding, Virgin Australia airport lounge passes and additional baggage.

Flying is the main way to earn Status Credits but there are a couple of other ways – including Velocity Frequent Flyer credit cards that have bonus Status Credits offers. For example, a card might offer 100 Velocity Status Credit when you spend $4,000 in the first 3 months. It's rare to find a Velocity credit card that also offers Status Credits, so it is a competitive feature.

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

The maximum number of Velocity Points you can earn with your credit card will depend on the card's bonus points offer and earn rate, plus how much you spend. When you're looking at Velocity Frequent Flyer credit cards, you can use these factors to get an idea of how many points you'll earn each month.

The table below has examples for two Velocity credit cards to give you an idea of how it works.

Card costs and monthly spendAmerican Express Velocity Platinum CardVirgin Australia Velocity High Flyer Card
Annual Fee$375 p.a.$289 p.a.
Points per $1 spent on eligible purchases1.25 points per $1 (0.5 points per $1 with government bodies in Australia).

Plus 1 additional point per $1 for eligible Virgin Australia purchases.

1 point per $1 up to 8,000 points per month, then 0.5 points per $1 for the remainder of that statement period.
Groceries – $500625 Velocity Points500 Velocity Points
Fuel – $200250 Velocity Points200 Velocity Points
Streaming/subscriptions – $4050 Velocity Points40 Velocity Points
Phone – $100125 Velocity Points100 Velocity Points
Dining out – $200250 Velocity Points200 Velocity Points
Virgin Australia – $5001,125 Velocity Points500 Velocity Points
Entertainment – $100125 Velocity Points100 Velocity Points
Total Velocity Points earned per month2,550 Velocity Points1,640 Velocity Points

From these examples, we can see that even a small difference in the earn rate can have a big impact on how many points you earn. In this case, the American Express card would earn 910 Velocity Points more per month – which could mean an extra 10,920 points per year compared to the Virgin Australia card.

But there are a few key points to think about:

  • 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, think about whether you can afford to pay off the balance before the statement period ends (to avoid collecting interest).
  • Always check the card's annual fee to decide if the value of the rewards (and other perks) will outweigh the yearly costs of the card.

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 will help you find one you want.

Chance of approval in the Finder App

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Pictures: Shutterstock

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