Best Virgin Australia Velocity credit card sign-up offers

Boost your Velocity Points balance with our roundup of the best credit card sign-up deals, beginning at a sizeable 100,000 points.

By Chris Chamberlin, March 5 2020
Best Virgin Australia Velocity credit card sign-up offers

While most Velocity Frequent Flyer members won't be earning points in the air for a little while, there are still plenty of opportunities to build-up your points on the ground: ready to use for an adventurous holiday when normality returns.

For instance, you could take home up to 100,000 bonus Virgin Australia Velocity points from a single credit card application: usually enough for up to 24 one-way business class upgrades on Virgin Australia.

Across cards issued by American Express, Bank of Melbourne, BankSA, Citibank, Commonwealth Bank, NAB, St.George and Virgin Money, here are April's most points-laden Velocity credit card sign-up offers.

IMPORTANT UPDATE: With Virgin Australia in voluntary administration, Velocity Frequent Flyer members are currently unable to spend their frequent flyer points in any way, which will remain so until at least May 19 2020.

Some credit card issuers have also paused points transfers to the Velocity program during this time, as indicated below.

10 best Virgin Australia Velocity Frequent Flyer credit card sign-up offers

1. St.George Amplify Signature Visa with Amplify Points

Sign-up Bonus: Apply online for the Amplify Signature with Amplify Points card by June 2 2020 and spend $12,000 on eligible purchases each year for the first two years, to unlock up to 200,000 bonus Amplify Points: awarded as 130,000 points in year one, and 70,000 points in year two.

With Amplify Points converting to Velocity at a 2:1 rate, that's a reward of up to 100,000 bonus Velocity points.

Note: As of April 22 2020, points conversions from the Amplify Rewards program to Velocity Frequent Flyer are currently suspended. Conversions from Amplify Rewards to Malaysia Airlines Enrich and Singapore Airlines KrisFlyer remain available.

Rewards: Earn the equivalent of 0.75 Velocity points per $1 spent, uncapped: further boosted to 0.825 Velocity points per dollar spent via St.George's 'birthday bonus', being a 10% bonus counted on all the points earned via the card over the past year (or part-year, for new customers), except on the already generous sign-up bonus.

Annual Fee: Pay a reduced annual fee of $139 in the first year, reverting to $279 thereafter. No additional cardholder fee.

This same bonus points and reduced annual fee offer is also available on the near-identical Bank of Melbourne Amplify Signature Visa with Amplify Points and the BankSA Amplify Signature Visa with Amplify Points credit cards when applying online.

2. Virgin Australia Velocity High Flyer Card

Sign-up Bonus: Apply before April 30 2020 and you could earn 25,000 bonus Velocity points per month across the first three months (spend at least $3,000/month) – plus, an extra 25,000 bonus Velocity points after your first card anniversary, for an all-out bounty of up to 100,000 bonus Velocity points.

Rewards: Collect one Velocity point per $1 spent up to $8,000 per month, and 0.5 Velocity points per $1 spent thereafter: except on government and government-related charges, which don't earn points.

Annual Fee: $289, for which you'll also receive a $129 Virgin Australia flight voucher plus two Virgin Australia lounge passes every year.

3. Virgin Australia Velocity Flyer Card

Sign-up Bonus: Apply by April 30 2020 and spend at least $1,500 in each statement period for the first three months to earn 20,000 bonus Velocity points in each of those months. Plus, 10,000 bonus Velocity points after your first card anniversary, for an all-out bounty of up to 70,000 bonus Velocity points.

Rewards: 0.66 Velocity points per $1 spent up to $1,500 per month and 0.5 Velocity points thereafter, except on government and government-related payments which don't award points.

Annual Fee: $64 in the first year, $129 thereafter.

4. NAB Rewards Signature Card

Sign-up Bonus: Receive 90,000 bonus NAB Rewards points when you apply and spend $3,000 on everyday purchases within the first 60 days of opening your account, plus 30,000 bonus NAB Rewards points when you keep your card for over 12 months. Converted to Velocity at a 2:1 rate, that's worth up to 60,000 bonus Velocity points.

Note: As of April 22 2020, points conversions from the NAB Rewards program to Velocity Frequent Flyer are currently suspended. Conversions from NAB Rewards to Air New Zealand Airpoints, Cathay Pacific Asia Miles, Flybuys, and Singapore Airlines KrisFlyer remain available.

Rewards: Earn 3.75 NAB Rewards points (1.875 Velocity points) per $1 spent on overseas purchases and with Webjet in Australia; 2.5 NAB Rewards points (1.25 Velocity points) per dollar spent at major department and hardware stores, and 1.25 NAB Rewards point (0.625 Velocity points) per $1 spent on all other purchases.

Annual Fee: $295, with no additional cardholder fee.

5. AMEX Velocity Platinum Card

Sign-up Bonus: Eligible new American Express Australia customers who apply and spend $3,000 on the card within the first three months can take home 50,000 bonus Velocity points.

Rewards: Most purchases provide 1.25 Velocity points per $1 spent, uncapped. That is, except with Virgin Australia where cardholders earn 2.25 Velocity points per $1 spent, and on government payments, which give 0.5 Velocity points per dollar spent.

Annual Fee: There's a $375 annual fee which includes up to four additional cardholders at no extra charge, and is mostly offset by inclusions such as a free domestic return economy class flight every year.

6. St.George Amplify Platinum Visa with Amplify Rewards

Sign-up Bonus: Apply online for the St.George Amplify Platinum with Amplify Rewards card by June 2 2020 and you could earn up to 50,000 bonus Velocity points, which come served in two chunks via the Amplify Rewards program.

It starts with 70,000 bonus Amplify Points (35,000 bonus Velocity points, via a 2:1 conversion) when you spend at least $6,000 on eligible purchases within 12 months of card approval. Then, an additional 30,000 Amplify Points (15,000 Velocity Points) in the second year of your account being active, after spending a further $6,000 on eligible purchases.

Note: As of April 22 2020, points conversions from the Amplify Rewards program to Velocity Frequent Flyer are currently suspended. Conversions from Amplify Rewards to Malaysia Airlines Enrich and Singapore Airlines KrisFlyer remain available.

Rewards: Via the Amplify Rewards scheme, earn one Amplify Point per $1 spent: equal to 0.5 Velocity Points per dollar spent, uncapped.

Annual Fee: $49 in the first year, $99 thereafter. There's no additional cardholder fee, or separate fee for the Amplify Rewards program.

7. Commonwealth Bank Platinum, Ultimate Awards Mastercards

With near-identical offers across two cards from the same bank, the CBA Platinum Awards Mastercard and the newly-launched CBA Ultimate Awards Mastercard share 10th place.

Sign-up Bonus (Platinum Awards): Eligible new customers can earn 100,000 bonus CBA Awards points when applying by June 30 2020 and spending $4,000 on eligible purchases within 90 days of card activation. Convert those points to Velocity at a 2:1 rate, and that bounty is worth 50,000 bonus Velocity points.

Sign-up Bonus (Ultimate Awards): The Ultimate card comes with a similar offer of 100,000 bonus CBA Awards points (50,000 bonus Velocity points after conversion) when applying by May 30 2020 and spending $5,000 on eligible purchases within 90 days of card activation.

Rewards (Platinum Awards): Via the CommBank Awards scheme, earn the equivalent of 0.5 Velocity points per $1 spent (1 CBA Awards points per $1 with a 2:1 conversion), up to a maximum of 75,000 Velocity points (150,000 CBA Awards points) per calendar year. No points are earned on ATO payments, however.

Rewards (Ultimate Awards): Earn 3 Awards points (1.5 Velocity points) per $1 spent on international transactions; 2 Awards points (1 Velocity point) per $1 spent at major supermarkets, department stores and petrol stations; and 1 Award point (0.5 Velocity points) per $1 spent elsewhere. From May 2020, all monthly spending above $10,000 (regardless of category) earns points at a reduced rate of 0.5 Awards points (0.25 Velocity points) per $1 spent.

Annual Fee: On the Platinum card, there's a $249 annual fee to pay, plus $10/year for an additional cardholder. The Ultimate card instead has a monthly fee of $35, which is waived if you spend at least $2,500 in your statement period and receive statements electronically, with no fee for an additional cardholder.

8. Citi Prestige Visa

Sign-up Bonus: Apply by June 30 2020, spend $7,500 within 60 days of approval on the Citi Prestige Visa and you could unlock 100,000 bonus points in the Citibank Rewards Program, equal to 50,000 Velocity points when converted at a 2:1 rate.

Note, this card optionally comes with a Linked Diners Club Card: however, only spends made using the Visa count towards the $7,500 threshold for bonus points.

Rewards: On eligible purchases made using the Visa, 3 Citi Points (1.5 Velocity point) can be earned per $1 spent overseas, and in Australia with major airlines, hotel chains and restaurants. At major Australian supermarkets, petrol outlets and national retailers, earn 2 Citi Points (1 Velocity point) per dollar spent, and on all other eligible transactions in Australia, earn 1 Citi Point (0.5 Velocity points) per dollar spent.

The optional Linked Diners Club Card instead provides a flat 2 Citi Points (1 Velocity point) per dollar spent on eligible purchases at home and abroad, although neither card provides points on government and government-related charges.

Annual Fee: $700, with or without the Linked Diners Club Card attached. There's no extra fee for additional cardholders, either.

9. AMEX Platinum Charge Card

Sign-up Bonus: Take home 80,000 bonus Membership Rewards Ascent Premium points as an eligible new customer – worth 40,000 Velocity Points after a 2:1 conversion – when applying for the AMEX Platinum Charge Card and spending at least $3,000 on purchases in the first three months.

Note: As of April 22 2020, points conversions from the American Express Membership Rewards program to Velocity Frequent Flyer are currently suspended. Conversions from Membership Rewards to all other airline and hotel partners, including Qantas Frequent Flyer, Cathay Pacific Asia Miles, Hilton Honors, Marriott Bonvoy, Singapore Airlines KrisFlyer and more, remain available.

Rewards: Most purchases accrue 2.25 Membership Rewards points per dollar spent (1.125 Velocity Points after conversion). However, government payments earn at a reduced rate of one Membership Rewards point per dollar spent (0.5 Velocity Points).

Annual Fee: $1,450, although the points you can earn are uncapped and can be converted to your preferred frequent flyer program as desired.

10. Citi Premier Visa

Sign-up Bonus: New customers who apply by June 30 2020 and spend $5,000 in the first 60 days from approval on the Citi Premier Visa can receive 70,000 bonus points in the Citibank Rewards Program, equal to 35,000 Velocity points when converted at a 2:1 rate.

As with the Citi Prestige Visa, this card account optionally includes a Linked Diners Club Card – but again, only spends made on the Visa card count towards the $5,000 minimum spend requirement to unlock those bonus points.

Rewards: On eligible Visa spend, earn 2 Citi Points (1 Velocity point) per $1 charged overseas, and in Australia at major airlines, hotel chains and restaurants. Spend at at major Australian supermarkets, petrol outlets and national retailers delivers 1.5 Citi Points (0.75 Velocity points) per dollar, and on all other eligible transactions within Australia, earn 1 Citi Point (0.5 Velocity points) per dollar spent.

The optional Linked Diners Club Card generates a flat 2 Citi Points (1 Velocity point) per dollar spent on eligible purchases at home and abroad. As with Citi's other cards, points aren't earned on government and government-related transactions.

Annual Fee: $395, whether or not the Linked Diners Club Card is requested, with no extra charge for additional cardholders.

Ranking Order & Updates

Ranking Criteria

This page offers a list of the most rewarding Virgin Australia Velocity Frequent Flyer credit card sign-up offers in Australia, as available at the time of publishing, across both direct-earning Velocity cards, and indirect-earning cards, where spenders first earn points in a bank's own loyalty program and can then convert them into Velocity points at a later date.

This list includes personal credit cards and general, public sign-up offers, but does not include business or corporate credit cards, or deals that are private, restricted or targeted, with the exception of any offers targeted to Executive Traveller readers, which may offer more points or reduced fees compared to a bank's standard public offering.

Credit cards listed above as part of this 'top 10' appear in descending order based on the total number of Velocity points offered via the card's sign-up bonus.

Where more than one card is offering the same number of bonus points, other factors such as annual fees, minimum spend requirements, points earning rates for ongoing purchases and sign-up incentives such as statement credits are considered in determining rank.

Ranking Updates

Following Virgin Australia's entry into voluntary administration, many Australian credit card issuers have temporarily paused the conversion of credit card points into Velocity points.

Depending on how this has been implemented on the bank's side, this has resulted in some offers disappearing from these ranks completely, while others remain listed but with a note reminding that those conversions are currently suspended.

Some banks with direct-earning card options such as Westpac have also withdrawn those direct-earn programs from sale for new customers.

When this article was last updated, points conversions from CBA Awards and Citibank Rewards remained possible, although as with other banks, this may change at short notice.

What are Virgin Australia Velocity credit cards and how do they work?

As the name suggests, credit cards affiliated with Virgin Australia's Velocity Frequent Flyer scheme allow cardholders to earn Velocity points from their everyday credit card expenses.

Some cards will automatically credit these points to a customer's Velocity Frequent Flyer account every month, while other cards will first provide points in the bank's own loyalty program, which the cardholder can later convert into Virgin Australia Velocity points at a pre-set conversion rate.

Virgin Australia Velocity Frequent Flyer credit card FAQs

Can you combine frequent flyer miles and points?

In Virgin Australia's Velocity Frequent Flyer scheme, yes, eligible family members can transfer Velocity points between their accounts at no charge. This can be useful in a household where both members of a couple are earning Velocity points, as these can be combined in order to book a flight.

Keep in mind that Velocity Frequent Flyer members are currently unable to spend their frequent flyer points in any way, which will remain so until at least May 19 2020.

Can you link Velocity Frequent Flyer accounts?

Velocity offers a 'family pooling' feature where eligible members of the same household can opt to pool all the Velocity points they earn (and optionally, status credits too) into one person's nominated account. This is separate to manual family points transfers, which are also available.

Can I earn miles or points if I buy a ticket for someone else?

Yes. While the traveller may earn their own miles or points from the flight itself (depending on the airline and airfare), purchasing a flight is just like any other transaction, with the credit cards above offering a certain number of Velocity points per dollar spent on purchases, including airfares.

Can I use Velocity points to buy a ticket for someone else?

Yes, and unlike Qantas Frequent Flyer, Velocity Frequent Flyer members can use their hard-earned points to book flights and upgrades for anybody, including not only family members, but also friends, colleagues, clients and more.

Keep in mind that Velocity Frequent Flyer members are currently unable to spend their frequent flyer points in any way, which will remain so until at least May 19 2020.

10 best Virgin Australia Velocity Frequent Flyer credit card sign-up offers

Credit card

Bonus Velocity points

Velocity points per $1 spent *

Annual fee

Other benefits

St.George Amplify Signature with Amplify Points

Up to 100,000

0.825 (incl. B'day Bonus)

$139 (1st year)
$279 (ongoing)

Priority Pass account with two yearly lounge visits

Virgin Australia Velocity High Flyer Card

Up to 100,000

1 (0.5 above $8,000/month)

$289

Yearly $129 VA flight voucher + Virgin lounge passes

Virgin Australia Velocity Flyer Card

Up to 70,000

0.66
(0.5 above $1,500)

$64 (1st year)
$129 (ongoing)

Offset the annual fee with a $129 VA flight voucher every year

NAB Rewards Signature Card

Up to 60,000

0.625

$295

Earn triple points on overseas transactions

AMEX Velocity Platinum Card

50,000

1.25

$375

Free return flight every year, airport lounge passes

St.George Amplify Platinum with Amplify Points

Up to 50,000

0.5

$49 first year, $99 ongoing

Low annual fee with no cap on earn rate or extra rewards fee

CBA Platinum & Ultimate Awards

50,000

0.5 (Platinum)
0.5 (Ultimate <$10k/mth)
0.25 (Ultimate, >$10k/mth)

$249 (Platinum)
$35/month (Ultimate, waived on >$2.5k spend)

Pay no overseas transaction fees on the Ultimate Awards card

Citi Prestige Visa

50,000

0.5 (Visa)
1 (Linked Diners)

$700

Priority Pass account, hotel benefits

AMEX Platinum Charge Card

40,000

1.125

$1,450

Unlimited lounge access, hotel status boosts

Citi Premier Visa

35,000

0.5 (Visa)
1 (Linked Diners)

$395

Bonus points at some Australian merchants, no Diners forex fees

* Velocity Points earned per $1 spent is based on everyday eligible purchases on transactions within Australia. For cards that earn Velocity points via a bank loyalty program ('indirect earn' cards), this figure considers the card's earning rate on spend and its conversion rate to Velocity, to display the equivalent number of Velocity points earned per $1 spent. Some spending categories may also earn more, fewer or no points on each card than the standard earn rate indicated above, such as government transactions, overseas purchases, spend directly with Virgin Australia, etc.

Chris Chamberlin

Chris Chamberlin is the Associate Editor of Executive Traveller and lives by the motto that a journey of a thousand miles begins with a single step, a great latte, a theatre ticket and a glass of wine!