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Velocity Credit Cards

Book your next holiday sooner with up to 200,000 bonus Velocity Points. Compare Velocity credit cards that offer status credits, lounge passes and perks you can get with Virgin Australia.

Name Bonus points Points per $ spent Purchase rate p.a. Annual fee
ANZ Rewards Black Credit Card
Finder Award
ANZ Rewards Program
Bonus points
180,000
Points per $ spent
2
Purchase rate p.a.
20.99%
Annual fee
$375
Go to siteMore Info
Get 180,000 bonus ANZ Reward Points (worth $800+ in digital gift cards) and $150 back when you spend $3,000 in the first 3 months.
American Express Velocity Platinum Card
Velocity Frequent Flyer
Bonus points
60,000
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$375
Go to siteMore Info
Get 60,000 bonus Velocity Points when you spend $3,000 in the first 3 months. Plus a return domestic flight each year.
ANZ Rewards Platinum - Velocity Points
Velocity Frequent Flyer
Bonus points
100,000
Points per $ spent
1.5
Purchase rate p.a.
20.99%
Annual fee
$149
Go to siteMore Info
Get up to 100,000 bonus Velocity Points: 70k points when you spend $2,000 in the first 3 months and 30k points after 15 months.
American Express Velocity Business Card
Velocity Frequent Flyer
Bonus points
100,000
Points per $ spent
1
Purchase rate p.a.
0%
Annual fee
$249
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 100,000 bonus Velocity Points when you spend $3,000 in the first 2 months.
American Express Platinum Business Card
Finder Award
Membership Rewards Ascent Premium
Bonus points
350,000
Points per $ spent
2.25
Purchase rate p.a.
0%
Annual fee
$1,750
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 350,000 bonus Membership Rewards Points when you spend $12,000 on eligible purchases in the first 3 months.
ANZ Rewards Platinum
ANZ Rewards Program
Bonus points
100,000
Points per $ spent
1.5
Purchase rate p.a.
20.99%
Annual fee
$149
Go to siteMore Info
Get 100,000 bonus ANZ Reward Points (worth $440 in eGift cards) and $50 back when you spend $2,000 on eligible purchases in the first 3 months.
American Express Velocity Escape Card
Velocity Frequent Flyer
Bonus points
N/A
Points per $ spent
0.75
Purchase rate p.a.
23.99%
Annual fee
$0
Go to siteMore Info
Save with a $0 annual fee and earn 0.75 Velocity Points per $1 on everyday purchases.
American Express Platinum Edge Credit Card
Membership Rewards
Bonus points
N/A
Points per $ spent
1
Purchase rate p.a.
23.99%
Annual fee
$0 first year ($195 after)
Go to siteMore Info
Save with a $0 annual fee in the first year. Plus, $200 Travel Credit every year.
American Express Explorer Credit Card
Membership Rewards
Bonus points
50,000
Points per $ spent
2
Purchase rate p.a.
23.99%
Annual fee
$395
Go to siteMore Info
Get 50,000 bonus Membership Rewards Points when you spend $4,000 in the first 3 months.
American Express Business Explorer Credit Card
Membership Rewards Gateway
Bonus points
N/A
Points per $ spent
2
Purchase rate p.a.
23.99%
Annual fee
$0 first year ($149 after)
Go to siteMore Info
ABN holders w/ $75,000 revenue. Save with a $0 first-year annual fee and earn up to 2 points on eligible business spending.
St.George Amplify Signature
Amplify Rewards
Bonus points
150,000
Points per $ spent
1.5
Purchase rate p.a.
19.49%
Annual fee
$199 first year ($295 after)
Go to siteMore Info
150,000 bonus Amplify Points (worth $675 in gift cards) when you spend $12,000 in the first 12 months. Plus, a first-year annual fee discount.
American Express Platinum Card
Membership Rewards Ascent Premium
Bonus points
150,000
Points per $ spent
2.25
Purchase rate p.a.
0%
Annual fee
$1,450
Go to siteMore Info
Earn 150,000 bonus Membership Rewards Points when you spend $5,000 in the first 3 months. Plus, a $450 Travel Credit each year.
American Express Gold Business Card
Membership Rewards Ascent
Bonus points
75,000
Points per $ spent
1.5
Purchase rate p.a.
0%
Annual fee
$169
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 75,000 bonus Membership Rewards Points when you spend $1,000 within the first 2 months. Plus, earn 1.5 points per $1 on eligible spending with Membership Rewards.
Citi Premier Card - Cashback Offer
Citi Rewards Program
Bonus points
N/A
Points per $ spent
1
Purchase rate p.a.
21.49%
Annual fee
$300
More Info
Receive $600 cashback when you spend $2,000 through Apple Pay, Google Pay or Samsung Pay in the first 3 months.
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Best Velocity credit card offers for May 2024

There isn't one best Velocity credit card for everyone, so we've looked at different cards on the market to pick out 3 popular offers with everything from bonus points to $0 annual fees.

Velocity Points per $1 spent - Amex Velocity Platinum

American Express Velocity Platinum

What we like about it:

  • The American Express Velocity Platinum Card has the highest Velocity Point earn rate currently offered on a credit card, at 1.25 Velocity Points per $1 on everyday purchases.
  • It also has a big 60,000 bonus Velocity Points offer for new Amex card members.
  • You'll also get 1 additional point per $1 for eligible Virgin Australia spending, meaning you can earn up to 2.25 Velocity Points per $1 with this card.
  • Travel benefits include a return domestic flight with Virgin Australia each year, lounge passes, complimentary travel insurance and bonus Velocity Status Credits if you spend $50k in a year.

Annual fee and purchase rate

  • $375 annual fee
  • 23.99% p.a. interest rate on purchases

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Bonus Points with Velocity Transfers - Westpac Altitude Black Credit Card

Westpac Altitude Black Credit Card

What we like about it:

  • The Westpac Altitude Black Credit Card currently offers up to 150,000 bonus points for new cardholders.
  • Offers point transfers to Velocity Frequent Flyer, with a minimum of 1,000 Altitude Points. Details of the transfer rate are shown when you log in to your Altitude Rewards account.
  • Earns 6 points per $1 spent (up to $10,000 per month) on flights purchased in Australia directly with Qantas, Jetstar, Emirates and Singapore Airlines, then 1.25 points per $1 spent thereafter.
  • Also offers complimentary overseas travel insurance and purchase insurances.

Annual fee and purchase rate

  • $295 annual fee
  • 19.99% p.a. interest rate on purchases

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Velocity Points and $0 annual fee - Amex Velocity Escape Card

What we like about it:

  • The American Express Velocity Escape Card is the only direct-earn Velocity credit card with an ongoing $0 annual fee.
  • It earns 0.75 Velocity Points per $1 on eligible spending, with 0.5 points per $1 for spending with government bodies.
  • Offers an additional point per $1 for eligible spending with Virgin Australia, giving you up to 1.75 Velocity Points per $1 spent.

Annual fee and purchase rate

  • $0 annual fee, ongoing
  • 23.99% p.a. variable

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How do I earn points with a Velocity credit card?

The first step is to add your Velocity Frequent Flyer membership details to the credit card account. Then, you'll earn points per $1 spent when you use the Velocity credit card to pay for groceries, food delivery, a new outfit or any other eligible transaction.

If your new card also offers bonus points, you'll usually need to meet a spending requirement to get them. For example, a card could offer 60,000 bonus Velocity Points when you spend $3,000 on eligible purchases in the first 3 months.

Types of credit cards that earn Velocity Points

1. Credit cards that earn Velocity Points directly

These cards earn Velocity Points per $1 spent, which are added to your frequent flyer account. Currently, American Express, BOQ Specialist, Virgin Money and Westpac offer these "direct earn" Velocity Frequent Flyer credit cards.

  • Pro: It's easy to see how many Velocity Points you earn for your credit card spending.
  • Con: You're limited to only earning Velocity Points.

2. Reward cards that offer Velocity Points transfers

With these cards, you can transfer points from a credit card rewards program into your Velocity Frequent Flyer account. Some even offer an auto-transfer option.

  • Pro: Sometimes you'll get point transfer bonuses with these cards. For example, 15% more Velocity Points than usual when you transfer points during the promotional period.
  • Con: The point transfer rate varies but usually you'll end up with fewer Velocity Points than what you had in reward points. A typical transfer rate is 2 reward points to 1 Velocity Point.

Check out Finder's guide on transferring reward points to Velocity Frequent Flyer for full details on how it works – and transfer rates.

Which is better?

You can earn Velocity Points with both of these types of credit cards. A key difference with credit cards that offer point transfers is that you can also redeem points for other rewards offered directly through the credit card rewards program.

But Velocity also offers different rewards, so it doesn't really matter which type of card you choose. It's more important to focus on comparing the features and costs of different Velocity credit cards so you can find one you want.

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

Apart from the annual fee and interest rate, which are important when comparing any credit card, these are the things to look for:

Bonus points and sign-up offers

You can get a lot of value from Velocity credit card introductory offers, with some cards offering up to 100,000 bonus Velocity Points. That's enough for a return business class reward flight from Brisbane to Queenstown with Virgin Australia (71,000 points plus fees and taxes).

Points per $1 spent

Generally, 1 Velocity Point per $1 is competitive for a direct earn card. For point transfers, an equivalent of 0.5 Velocity Points per $1 is competitive. Make sure you also check for any points caps or spend thresholds in your comparison.

Travel perks

You can get valuable extras on platinum and higher-tier cards, and even some Virgin Australia-branded cards, including: Airport lounge access, Complimentary travel insurance, Concierge services, Flight or travel credit, Bonus Status Credits or other exclusive offers.

What Virgin Australia perks will I get?

If you're interested in benefits specifically for travel with Virgin Australia, the 2 main ones are:

Frequent flyer icon

Flights

The Virgin Australia Velocity Flyer and High Flyer credit cards both offer a $129 Virgin Australia gift voucher each year you have the card. And the American Express Velocity Platinum Card offers a domestic return flight with Virgin Australia each year.

lounge

Virgin Australia Lounge access

The Virgin Australia High Flyer and the American Express Velocity Platinum both offer 2 complimentary single-entry lounge passes for Virgin Australia lounges per year.

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

The number of Velocity Points you'll earn with a credit card depends on the card's bonus points offer, earn rate and how much you spend. To give you an idea of how it works, here's an example that looks at the yearly potential points based on earn rates for 2 different Velocity credit cards.

American Express Velocity Platinum CardVirgin Australia Velocity High Flyer Card
Annual Fee$375$329
Virgin Australia flight benefit1 return domestic Virgin Australia economy flight per year (assumed value of $179 per year)$129 Virgin Australia travel voucher per year
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
Points on everyday spending of $30,000 per year (incl. $1,000 with Virgin Australia)38,500 Velocity Points (assumed value of 2 cents/1,000 points) $77030,000 Velocity Points (assumed value of 2 cents/1,000 points) $600
Total yearly card value$574$440

In this example, spending with the American Express card would offer more value over the course of one year than the Virgin Money card. However, it does not factor in the value of any insurance covers, lounge passes or other perks.

Finder research shows 21% of Australians collect points through the Velocity Frequent Flyer program. And rising travel costs in 2023 mean that using points for reward flights can give you even more value.

How many Velocity Points do I need for a flight?

You can get Virgin Australia Reward Seat flights from 6,200 Velocity Points, not including carrier charges that are billed separately. For example, this is enough for a one-way Tier 1 economy reward flight from Sydney to Melbourne.

Here are some 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 (Tier 2 reward): 35,600 points
  • Sydney to Queenstown (NZ) in business class: 71,000 points

This means a competitive credit card bonus points offer will give you enough points for a reward flight (or flights).

Calculate how much your Velocity Points are worth

Choose Velocity Frequent Flyer as the program and put the number of points into this calculator to get a dollar value for them.

Points-to-dollars calculator 💵

Check out more examples and tips on redeeming points in Finder's guide to the Velocity Frequent Flyer program.

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Frequently Asked Questions

Finder Award winner and finalists for 2024

Discover which brands ranked highly at the Finder Awards for velocity credit cards.

Each year the Finder Credit Card Awards recognises Australia's top credit cards, with expert analysis of rates, fees and offers based on 12 months' worth of data. These cards might not currently have the most competitive deals for earning velocity points but you can use them as a benchmark against the latest offers.

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