Qantas Travel Money vs Velocity Global Wallet Card

Both of these frequent flyer travel cards let you earn points as you spend. But which one is right for your next trip?

The Qantas Travel Money and the Velocity Global Wallet Card are prepaid debit cards that offer you a way to load and spend funds in a range of different currencies. You can also earn frequent flyer points per $1 spent on purchases overseas and in Australia, making these debit cards convenient for travelling, shopping online or for earning more points when spending.

Here we compare the main features of Qantas Travel Money and Velocity Global Wallet Card cards side by side so you can decide which one is right for you.

Qantas Travel Money versus Velocity Global Wallet Card

If you're a member of the Qantas or Velocity Frequent Flyer program, you may already have a preference for one of these cards based on the points you can earn. But alongside this perk, it's worth comparing a range of other features, including what currencies you can load and spend, the minimum and maximum amounts you can load on each card, currency conversion charges, and other fees. Check the table below to compare all these key details against how you intend to use your travel money card.

Feature/fee/rate qantas-cash-card-sml

Qantas Travel Money


Velocity Global Wallet Card

Points earn rate per $1 1.5 Qantas Points per $1 spent in foreign currency
0.25 Qantas Points per $1 spent in AUD
2 Velocity Points per $1 spent in foreign currency
0.33 Velocity Points per $1 spent in AUD
Currency conversion fee 0% Note: Standard foreign exchange/currency conversion rates will still apply when you transfer funds between currencies, make a payment in a currency not loaded on the card or for any other transactions involving foreign exchange. For currencies loaded on the card: 0%
For currencies not loaded on the card: 2.25% of the AUD amount of the transaction made in a currency not loaded on the card
Load fees
  • Bank transfer or BPAY: $0
  • Debit card: 1% of load amount
  • Bank transfer: $0
  • BPAY: 0.5% of load amount
  • Debit card: 1% of load amount
Minimum load amount $50 $1
Maximum load amount $20,000 $25,000
Daily transaction limits Point of sale: $15,000
ATM: $3,000 Cash withdrawals over the counter: $350
ATM: $2,500 Note: Velocity Global Wallet Card does not outline any other limits. But individual merchants may apply other limits to your transactions.
ATM withdrawal fees AUD$1.95, USD$1.95, GBP£1.25, EUR€1.50, THB70, NZD$2.50, SGD$2.50, HKD$15, CAD$2, JPY¥160, AED6.50 AUD$1.95
Monthly inactivity fee Nil $1.95 (applicable monthly after 12 months of inactivity)

Velocity Global Wallet activated before 1 September 2017

If you have a Velocity Global Wallet Card card that was activated before 1 September 2017, you'll earn 1 Velocity Point per $2 spent in AUD (equivalent to 0.5 Velocity Points per $1 spent) until 1 October 2017. After this date, the updated standard earn rate applies.

Different international and domestic ATM fees also apply for cards activated before 1 September 2017, until 1 October 2017 when all ATM withdrawals attract a fee of AUD$1.95. Refer to your product disclosure statement for more information.

Other factors to compare

girl-tablet-pexels-250x250In addition to the above key features and fees, you should also compare the following when deciding which frequent flyer travel card is right for you:

    • Additional cards. Qantas only allows one card per person but Velocity will issue a supplementary card for $10 as long as your primary card is currently valid. This is important to consider if you'd prefer to have a backup card in case your primary card is lost, damaged or stolen.
    • Loading funds. You can top up either card with funds via BPAY, which can take up to two or three business days to process; or bank transfer, which can take up to one business day. While these two options have no charge with the Qantas Travel Money card, if you use BPAY to load funds onto the Velocity Wallet, you'll pay a fee worth 0.5% of the total transferred to your card. Both cards also charge a 1% fee for any funds you load onto them using a debit card.
    • Account management. Both travel cards let you check your balances, view transactions and transfer funds between currencies online or using a smartphone app.
    • Worldwide acceptance. The Qantas Travel Money is supported by Mastercard, while the Velocity Global Wallet Card is supported by Visa. Both networks offer international global acceptance and security, but you may have a preference.
    • Rewards program. Both cards have the dual purpose of a frequent flyer membership card and travel money card. You might want to base your decision on which rewards program you'd rather use to earn points. Or simply put, would you rather fly Qantas or Virgin? If you belong to both programs, you should also consider the earn rates and which card offers maximum points value depending on your spending plans. It's also worth noting that applying for the Qantas Travel Money card gives you complimentary Qantas Frequent Flyer membership, saving you $89.50. There is no fee to join Velocity.
    • Emergency cash and card replacement. The Velocity Global Wallet Card has a charge of $15 for emergency cash transfers up to $3,000, but replacement cards are free. Mastercard Global takes care of Qantas Travel Money emergency services.


It's difficult to present an objective verdict because it depends how you want to use the card. Based on reward earn rates, the Velocity Global Wallet Card wins for both international and domestic spending, with 2 points per $1 and 0.33 points per $1 respectively. When compared to Qantas Travel Money, that's an extra 0.5 points per $1 on your international spend and an extra 0.08 points per $1 on your Australian spend.

Note that the Australian dollar earn rates for both cards are quite low when compared to many frequent flyer credit cards. So if you're goal is to earn points on everyday spending, it may be worth looking at other options that offer more points.

Frequent flyer points are only one way to compare these two travel cards. Other factors, such as where you're travelling to, also play a part. For instance, the Velocity Global Wallet Card would be the better choice for a trip to South Africa as it supports the South African Rand and the Qantas Card doesn't. The fact is there is no one "best" travel card to suit everyone, which is why it's important to compare existing options based on your individual circumstances, so you can find one that ticks all your boxes.

Pictures: Shutterstock

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Amy Bradney-George

Amy is a senior writer at with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

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