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Velocity Frequent Flyer credit cards give you a way to get flights and other rewards faster by offering you Velocity Points per $1 spent on your everyday purchases. If it’s a new card, you could also get thousands of bonus points through an introductory offer.
There's no single credit card that's best for everyone as all our needs are different - and what's best for you might not be best for someone else. Keep in mind that we don't compare every product in the market, but we hope that our tools and information will allow you to compare your options and find the best credit card for you.
If your goal is to collect as many Velocity Points as possible through a credit card, there are two main features and options you’ll need to look at to narrow down your search:
If you’re interested in a card that offers you ongoing opportunities to earn Velocity Points, compare the details of these credit cards that offer more than 1 Velocity Point per $1 spent on eligible purchases.
This two-card bundle offers you 2 Diners Club Reward points per $1 spent on the Diners Club card (uncapped), which you can transfer to Velocity Points at a 1:1 rate. That means you essentially earn 2 Velocity Points per $1 spent, after the points are converted. The World Mastercard offers a lower rate of 0.75 points per $1 spent but is handy when you’re spending with businesses that don’t accept Diners Club cards.
Beyond the earn rates, this account charges an annual fee of $299 and offers complimentary travel insurance, access to Diners Club airport and member lounges and premium Mastercard benefits, such as complimentary hotel room upgrades. Because it’s a charge card, you’ll have to pay off the balance in full by the due date on each statement to keep the account in good standing.
This credit card earns 2 points per $1 spent on everyday purchases as part of the Membership Rewards Gateway program. With this program, a minimum transfer of 2,000 points gives you 1,500 Velocity Points. The result is that you earn the equivalent of 1.5 Velocity Points per $1 spent with the card. Occasionally, Velocity also offers bonus points when you transfer rewards from a credit card partner, which could boost the conversion by around 10-15%.
Another standout detail of the Amex Explorer is that its $395 annual fee is completely offset by a yearly $400 Travel Credit you can put towards flights, hotels, car hire or experiences booked through American Express Travel. It also offers two complimentary entries per year to the American Express Lounge at Sydney or Melbourne airport, complimentary travel insurance and purchase insurance – including for smartphone screen covers.
This Amex card earns Membership Rewards points through the Ascent program, which offers a transfer rate of 1:1 to Velocity. This means you can earn the equivalent of 1 Velocity Point per $1 spent on most purchases, with higher rates of 3 points per $1 spent on purchases at major supermarkets (including Coles and Woolworths) and 2 points per $1 spent at major petrol stations. If you want to use a credit card to pay the Australian Taxation Office (ATO) or other government bodies, you’ll get a reduced rate of 0.5 points per $1 spent.
Similar to the American Express Explorer, this card’s $195 annual fee is completely offset by a $200 Travel Credit. It also offers complimentary international travel insurance, purchase protection insurance for eligible stolen or broken items, refund protection insurance and extended warranty coverage.
How to transfer your credit card reward points to Velocity
When you’re comparing Velocity Frequent Flyer credit cards, looking at the following details will help you find one that works for you:
If you want one of the best credit cards for earning Velocity Points, you’ll generally need to decide whether you’d prefer loads of points in one go through a bonus point offer, or more points per $1 spent on a card with one of the highest earn rates. If you want to get a card that has both a competitive bonus points offer and a high earn rate, make sure you compare Velocity credit cards regularly so you can jump on an offer that fits your goals.
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EXPIRED: Book with flexibility until 2022 and spend the school holidays in 1 of 30 destinations around Australia.
