Velocity Frequent Flyer Points Credit Cards

Compare Velocity credit cards that offer up to 80,000 bonus points, rewards for your everyday spending and a range of complimentary extras.

Virgin Money Credit Card Offer

Virgin Australia Velocity Flyer Card - Bonus Points Offer

Receive up to 60,000 bonus Velocity Points

Offer ends 30 June 2018

Eligibility criteria, terms and conditions, fees and charges apply

Virgin Money Credit Card Offer

Receive up to 60,000 bonus Velocity Points in the first 3 months and a long-term balance transfer offer. Plus, a discounted annual fee of $64 for the first year.

• $64 p.a. annual fee for the first year ($129 p.a. thereafter).
• 20.74% p.a. on purchases
• Cash advance rate of 20.99% p.a.
• Up to 44 days interest free
• Minimum income requirement of $35,000 p.a.

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Velocity Frequent Flyer Credit Cards Comparison

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Name	Product	Bonus Points	Rewards Program	Rewards Points per $ spent	Purchase rate (p.a.)	Annual fee	Product Description
Virgin Australia Velocity Flyer Card - Bonus Points Offer		60,000 bonus points	Velocity Frequent Flyer	Visa/MC 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 Velocity Points in the first 3 months and enjoy a discounted annual fee of $64 for the first year.	Go to site More info	Compare	loading Fetching your data...
Virgin Australia Velocity Flyer Card - 0% Interest Offer			Velocity Frequent Flyer	Visa/MC 0.66	0% p.a. for 14 months (reverts to 20.74% p.a.)	$129 p.a.	Buy now and pay later with 0% p.a. interest on purchases for 14 months. Plus, 0% p.a. on balance transfers for up to 6 months.	Go to site More info	Compare	loading Fetching your data...
American Express Velocity Escape Card			Velocity Frequent Flyer	Amex 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.	Go to site More info	Compare	loading Fetching your data...
Virgin Australia Velocity Flyer Card - Balance Transfer Offer			Velocity Frequent Flyer	Visa/MC 0.66	20.74% p.a.	$64 p.a. annual fee for the first year ($129 p.a. thereafter)	Take advantage of 0% p.a. on balance transfers for up to 18 months. $64 in the first year ($129 p.a. thereafter), plus, bonus Velocity Points.	Go to site More info	Compare	loading Fetching your data...
ANZ Rewards Travel Adventures card		40,000 bonus points	ANZ Rewards Program	Visa/MC 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.	Go to site More info	Compare	loading Fetching your data...
American Express Velocity Platinum Card		50,000 bonus points	Velocity Frequent Flyer	Amex 1.5	20.74% p.a.	$375 p.a.	Receive 50,000 bonus Velocity Points, a complimentary Virgin Australia return Economy domestic flight each anniversary year, plus, 2 lounge passes.	Go to site More info	Compare	loading Fetching your data...
Virgin Australia Velocity High Flyer Card - 80k Bonus Points offer		80,000 bonus points	Velocity Frequent Flyer	Visa/MC 1	20.74% p.a.	$289 p.a.	Take off sooner with up to 80,000 bonus Velocity Points and earn up to 1 Velocity Point per $1 spent. Plus, a 15 month balance transfer offer.	Go to site More info	Compare	loading Fetching your data...
American Express Velocity Business Card			Velocity Frequent Flyer	Amex 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.	Go to site More info	Compare	loading Fetching your data...

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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.

• Virgin Australia Velocity High Flyer Card - Bonus Points offer. Enjoy a 80,000 bonus points offer and earn up to 1 per $1 spent on eligible purchases.
• American Express Velocity Platinum Card. Earn a bonus 50,000 Velocity Points when you meet the spend requirements and enjoy an earn rate of 1.5 points per $1 spent.
• ANZ Rewards Travel Adventures card. This card has a bonus 40,000 Velocity Points offer and earns up to 1.5 ANZ Rewards points per $1 that you can convert to Velocity Points at a rate of 2:1.
• Virgin Australia Velocity Flyer - Bonus points offer. Earn up to 60,000 bonus points in the first 3 months when you meet spending requirements, plus up to 0.66 Velocity Points per $1 spent on everyday purchases.

• Video Transcript

  G'day, I'm Angus Kidman from finder and I'm here to talk to you about frequent flyer credit card bonus points offers.

  These are the offers that you see where it says "hey sign up for this credit card and we'll give you 100,000 bonus frequent flyer points" and that's a really tempting offer. You know, that many points could get you on a return trip to London.

  And this can be a great way to top up your reward point balance but you do have to be aware of the traps. Now the biggest trap is this: very often these cards will have some kind of spend requirement where you have to spend a certain amount of money within a given period of time in order to qualify for the full set of points.

  So let's say that I saw an offer that promised 50,000 Qantas Frequent Flyer Reward Points. Great I think, but then when I actually look at the conditions it turns out that I have to spend $5,000 on that card within the first three months in order to get those bonus points.

  Now you probably could do that with your everyday spending, but there's something else you need to be aware of and that's that you can only spend on what are known as eligible transactions.

  So normal regular purchases like groceries or petrol or Hawaiian shirts are totally covered by that but there are some things that aren't. Usually you'll find that payments to Bpay, payments to the ATO or cash advances will not be included as eligible transactions so make sure you're aware of what the rules are and what the time period is where you have to make those purchases.

  Every single card is going to have a slightly different kind of offer so it's really important to understand all the details before you sign up for it.

  Now if you compare frequent flyer credit cards at finder as well as showing you all those terms and conditions we'll also tell you about the key features of the card. Things like the annual fee and the interest rate on purchases, and that way you can pick a card that not only helps you maximise your points total but is also a great card for everyday spending.

How do Velocity Frequent Flyer credit cards work?

These credit cards are linked to your Virgin Australia Velocity Frequent Flyer account so you can earn frequent flyer points for every $1 spent on eligible purchases. Some Velocity credit cards also offer other travel benefits, such as complimentary travel insurance, airport lounge passes and flight vouchers. These perks can help you get more value from the card you choose.

How can I earn points with a Velocity credit card?

When you apply for a Velocity credit card, you will be asked to provide your frequent flyer membership details. If you don't already have Velocity Frequent Flyer account, you can sign up for free during this process. Once your Velocity reward credit card is approved and activated, you can start earning Velocity Points for your spending on the card.

The amount 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.

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

There are also some indirect earning Velocity Frequent Flyer credit cards that come with both a Visa or Mastercard and an American Express card, such as the CommBank Business Awards Platinum. These dual or companion card accounts earn a different amount of points per $1 depending on if you use the Visa/Mastercard option or the Amex option.

Usually, the Amex card earns more points per $1, while the Visa or Mastercard has wider acceptance. This type of card can help you maximise your rewards based on when and where you use your card.

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 amount of points you'll earn per $1 spent. Looking at how much you're likely to spend on the card and the amount 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. But remember to 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.
• 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.

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.

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.

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.

Pictures: Shutterstock.

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.

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

  Most everyday spending will earn Velocity Points on a Velocity credit card. However, eligible purchases generally exclude cash advances, balance transfers, gambling transactions and government purchases. Check the terms and conditions of each Velocity rewards card you're comparing for specific details of when you will and won't earn Velocity Points.

• How can I get Velocity Frequent Flyer bonus points with a credit card?

  Velocity credit card offers can give you thousands of introductory bonus points when you first sign up for a card. To claim these points, you'll usually have to meet the following conditions:

  • Be a new cardholder. You can only get signup bonus points on a Velocity credit card if you're not already a cardmember. Some credit card providers, such as American Express, also require that you don't have an existing credit card account with them and that you haven't held a credit card account with them in the recent past.
  • Apply during the promotional period. Bonus point offers are usually only available for a limited time, so you'll have to apply before the offer's end date. This date is included in the fine print.
  • Provide your membership details. To start earning points, you'll need to provide your Virgin Australia Velocity membership number and the name linked to the account.
  • Meet the spending requirement. Velocity rewards credit cards that offer bonus points usually require you to spend a specific amount of money on the card in the first few months you have it. For example, a card might offer you a bonus 50,000 Velocity Points when you spend $5,000 on eligible purchases in the first three months from when your card is approved.

  When you're comparing Virgin Australia Velocity Frequent Flyer credit cards, make sure you check what you need to do to get the bonus Velocity Points. That way you can budget for this spending requirement, which will also help you get the most value out of the card you choose.

• What is the best Velocity Frequent Flyer credit card?

  With so many different Velocity credit cards available, there is no single "best" option on the market. Instead, you can find a card that suits your needs by comparing features such as the earn rate, annual fee, interest rates, complimentary extras and any introductory offers such as 0% interest rates or bonus Velocity Frequent Flyer point offers.

• Can I earn Velocity Points for credit card spending overseas?

  Yes, if you use your Velocity Frequent Flyer credit card overseas or online with an international retailer, you'll be able to earn points for all your eligible purchases. Just be aware that credit cards usually apply a currency conversion fee worth 2% to 3.5% of each transaction made in a foreign currency, which will add your costs.

  If you make a lot of purchases overseas, you may want to consider a frequent flyer credit card with no foreign transaction fee so you can earn rewards without this additional charge.

• How can I activate my Velocity credit card?

  When you get a new Velocity credit card, your bank or provider will include specific details of how to activate it. Usually, you can do this online through the provider's Internet banking service, or by calling a specific phone number and following the prompts to activate it.

  After you've activated your card, log in to your account and make sure you've added your Virgin Australia Velocity Frequent Flyer membership details to the account. Then you'll be all set to earn Velocity Points per $1 spent with the card.

• Can I earn Status Credits on a Velocity Frequent Flyer credit card?

  This depends. Virgin Australia Velocity Status Credits are designed to help you reach a higher membership level within the frequent flyer program. As such, the fastest way you can earn Status Credits is through eligible flights with Virgin Australia and other Velocity Frequent Flyer partners. However, sometimes a Velocity frequent flyer credit card may offer Status Credits when you meet specific spending requirements. You can compare the current offers in the table on this page to see what's available when you want to apply for a Velocity credit card.

  The only other way to earn Status Credits is through the flybuys rewards program, which offers 1 Status Credit per $100 spent at Coles, Coles online, Liquorland or First Choice Liquor. To earn Status Credits in this way, you need to link your Velocity Frequent Flyer account to your flybuys account and then scan your flybuys card when you spend $100 or more at these stores.

• How long are Velocity Points valid?

  Velocity Points will not expire as long as you earn or redeem them at least once every 24 months. Note that previously the expiry period was 36 months and any points earned from eligible activity prior to 1 June 2016 will not expire for 36 months.

• Can I claim missing Velocity Points?

  Yes. You can use the claim form on the Velocity website to file a claim for missing Velocity Points. All you have to is log into your account and select Claim Missing Points. You will have up to six months to claim your points with Virgin Australia, V Australia, Pacific Blue, Polynesian Blue and other partner flights. For accommodation, car hire and other partner companies, you only have three months to make your claim. Note that you may not be able to make claims for certain partner promotions if you have not given your Velocity number beforehand.

• Will the Velocity program benefit my family?

  Virgin Australia has added a number of family benefits for its frequent flyers. One such benefit is the ability to pool points together as a family to afford rewards earlier.

• Do Velocity Points expire?

  Velocity Points don't expire as long as you earn or redeem them at least once every 24 months. If you're using a Velocity credit card, this means that you can use it to earn Velocity Points and keep your account active, even if you're not planning to fly any time soon.

• What other types of Velocity frequent flyer cards can I get?

  Apart from credit cards, the only other type of card that earns Velocity Points is the Velocity Global Wallet. This is a prepaid travel money card that offers worldwide acceptance through the Visa network. It also doubles as your Velocity membership card.