Velocity Rewards: Earn Velocity Rewards Points with your credit card

Information verified correct on December 5th, 2016

Earn more Velocity frequent flyer points on your everyday expenses and redeem the rewards you want including flights, hotels, shopping and the latest gadgets.

Virgin Australia’s Velocity frequent flyer rewards scheme has collaborated with a number of Australia’s banks and card providers to offer cardholders the opportunity to earn Velocity points as they spend. These cards vary from zero annual fee cards to the platinum variety, with the earn rates varying from card to card.

It’s free to sign up and you can earn points in a number of ways, including travel purchases, online shopping and eligible everyday costs. There may even be some opportunities to earn bonus points when shopping with certain providers. These points can then be redeemed for an assortment of rewards such as flights, accommodation and merchandise via the Virgin Online Store.

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

Velocity Rewards Credit Card

The Virgin Velocity Flyer Card allows you to earn Velocity points on everyday spend. Your Velocity points are redeemable for domestic & international flights, accommodation, online shopping.

  • $64 p.a. annual fee for the first year ($129 p.a. thereafter) annual fee
  • 20.74% p.a. on purchases
  • 0% p.a. for 18 months on balance transfers
  • Cash Advance Rate of 20.99% p.a.
  • Up to 44 days interest free
  • Minimum Income Requirement of $35,000 p.a.

Compare Velocity Rewards Credit Cards

Rates last updated December 5th, 2016.

NAB Velocity Rewards Premium Card

25,000 bonus points, purchases and balance transfers offers have been extended until 22 Jan 2017.

October 3rd, 2016

Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer

Balance transfer offer changed to 1.9% p.a. for 15 months which is valid until 16 January 2017.

November 1st, 2016

Virgin Australia Velocity Flyer Card - 0% Interest Offer

0% purchase and balance transfer offers extended until 16 January 2017.

November 1st, 2016

View latest updates

Jonathan Choi Jonathan
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
0 0.66 $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
NAB Velocity Rewards Card
You gain both an Amex and Visa card which are linked to one single account and annual fee. Low interest rate offer on purchases and balance transfers.
1 0.5 15,000 bonus points $95 p.a. Go to site More info
American Express Velocity Platinum Card
Enjoy up to 50,000 bonus Velocity Points when you meet the minimum required spend and earn up to 3 rewards points per dollar spent. Also receive a complimentary return flight every year.
1 0 50,000 bonus points $349 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Receive 30,000 bonus Velocity Points and earn 1 Velocity Points per $1 spent. Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
0 1 30,000 bonus points $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
American Express Velocity Escape Card
Enjoy 7,500 bonus Velocity Points when you meet the minimum spend requirement and earn up to 2 points for every $1 you spend, together with a $0 annual fee.
1 0 7,500 bonus points $0 p.a. Go to site More info
NAB Velocity Rewards Premium Card
0% p.a. on purchases and balance transfers for 15 months and 25,000 bonus Velocity Points when you make an everyday purchase in the first 90 days of opening your account. You gain both Visa and American Express cards which are linked to one single account and annual fee.
1.5 0.5 25,000 bonus points $150 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Receive 0% p.a. for 12 months on purchases, 0% p.a. for 6 months balance transfers and an exclusive $129 Virgin Australia Gift Voucher every year.
0 0.66 $129 p.a. Go to site More info
American Express Velocity Business Card
A truly dedicated business rewards credit card which will allow you to earn up to Velocity Rewards points. Download all your card expenses in a format readable by Quicken, MYOB, Microsoft Excel and more, helping you simplify your quarterly BAS reporting.
1 0 $249 p.a. Go to site More info

What are the earn rates?

The earn rates differ from card to card, though you can generally expect to receive higher earn rates on premium credit cards. There are two types of Velocity credit cards, either a co-branded card that automatically loads the rewards points to your Velocity account or an indirect earn card that’ll allow you to convert your credit card rewards points to Velocity points. The earn rates between these different types of cards will also vary.

Some of the co-branded cards available are:

The indirect cards and providers that allow you to transfer your points to Velocity points include:

If you’re transferring your card rewards points to your Velocity account, some restrictions may apply. For example, in case of Bank of Melbourne, cardholders need to transfer minimum 3,000 Amplify points per transfer. If you have more than 3,000 Amplify points to transfer, you’ll need to do so in multiples of 500. For example, you will only be able to transfer amounts of 3,500 points, 4,000 points, 4,500 points, and so on.

At the time of writing, co-branded credit cards provide a more competitive earn rate and have the added bonus of automatically transferring your Velocity points to your account.

How can I earn Velocity points?

Some of the ways you can expect to earn Velocity points on your credit card include:

  • Airline travel. Velocity points are earned on the basis of earn rate per mile. This rate is higher for premium class seats. You can also expect to earn bonuses as you move up the Silver, Gold and Platinum Velocity tiers.
  • Eligible credit card purchases. You can also earn Velocity points on eligible everyday purchases. For example, American Express Platinum card earns 3 points for every dollar spent on Virgin Australia, 2 points for every dollar spent on other airlines, accommodation, major cruises and even enables points earning on payment of utility bills at a rate of 0.50 points for every dollar spent. These rates and eligible purchases will differ from card to card.
  • Car hire. Hiring a car from Europcar, Thrifty and Hertz from more than 12,000 locations across the globe can earn 4 points for every dollar spent.
  • Hotel stays. Bonus points can be earned on hotel stays when Velocity members book with Velocity’s online accommodation partners.
  • Fuel. Earn 2 Velocity points for every litre of fuel and 2 Velocity points for every $1 spent in-store up to $100, per transaction at participating BP service stations.
  • Velocity eStore. Earn 2 Velocity points for every dollar spent on Velocity eStore. It includes over 200 local and international stores.
  • Wining and dining. Earn 300 points for every honoured booking when reservations are made through bookarestaurant.com/velocity.

There are several other opportunities to earn points in travel purchases, entertainment and home expenses. Cardholders can use these options to quickly accumulate points on their account and redeem these points for their chosen rewards.

What can I redeem my points for?

  • Flights around Australian and the world - redeem your points for any seat you want on a Virgin Australia airline, or redeem your points for a Reward Seat with a limited availability.
  • Car hire - You can redeem points for the hire of a car in selected countries around the world. You can use your points for the whole balance, or use a mix of Velocity Rewards points and cash.
  • Hotels and accommodation - Choose from one of 75,000 partner hotels around the world and choose to pay with your points
  • Holiday extras - use your points for a range of activities at a variety of locations. These include Onsport Golf Club, SeaWorld, Wet'n'Wild and Warner Brothers Movie World. You can also use your points on cruise liners, limousines and even Virgin Galactic!
  • Online Shopping - Not only will you earn points shopping at Westfield and onsport online, you can redeem points at these web sites too.
  • Donations to charities - You can redeem your Virgin Velocity points for donations to charities through Virgin Unite. Virgin Unite aims to help make people's lives better.
  • Virgin Online Store - From an iPad to fashion accessories to household appliances, whatever you need you could most probably find it in the Virgin Velocity Online Shop.

What should I consider when comparing credit cards that can earn Velocity points?

Velocity credit cards vary from card to card and the right option will depend on your needs and rewards goals. Some of the factors you may like to consider include:

  • Are the points restricted? What good is a 3 or 4 points per dollar earn rate if the points are capped to a low amount or will expire in a short duration. If you regularly use your card and have the ability to earn points beyond the cap in place or if you intend to save up your points beyond the expiry, either of these restrictions could limit your choices.
  • Does the rewards program compliment my spending habits? The rewards program should align with your spending behaviour. Increasing the expenses just to accumulate higher reward points can lead to superfluous expenses and even unsustainable debt. Cards must be chosen according to the monthly expense budget of the individual.
  • Rewards programs. Make sure that the rewards program on offer is right for you. If you’re looking at a Velocity frequent flyer card, but you often fly with Qantas, you may wish to reconsider your choice.
  • Other features. Reward points are only a part of the total benefits provided by a card. Other features such as annual fees, complimentary insurance, balance transfer options, foreign currency conversion or purchase rates are just some of the factors you’ll need to consider when comparing your card options.

If you’re a Velocity frequent flyer, a Velocity credit card could be a worthwhile way to rack up points. However, as there are a number of rewards credit cards on the market, it’s wise to compare your options before making your final choice.

Frequently asked questions

How can I choose an ideal Velocity point card?

There is no such thing as the one perfect credit card, so you’ll need to compare your options with your lifestyle to ensure that it’ll work for you. For example, if you travel overseas regularly, a card with complimentary travel insurance could come in handy. Whereas if you’re carrying an existing debt, a balance transfer could be an option. In the end, the right card will depend on your financial situation and what you want out of your card.

I already have a large number of rewards points with another frequent flyer program. Should I transfer them to Velocity points?

Before transferring the points to another rewards scheme it is better to look at the options to redeem the points directly. Transferring points to another program usually comes at a lower earn rate. See our transferring frequent flyer points guide before making a decision.

How can I move to higher level Velocity membership?

Velocity rewards system has three level of membership besides the entry level. They are Silver, Gold and Platinum. Higher level provides better earning and redemption perks. These memberships depend on the status credits earned on eligible Virgin Australia and partner airlines purchases. A higher class ticket will earn faster credits which can lead to faster upgrades of the membership. Status credits are valid for a period of 12 months, from the date flown.

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