Best Virgin Australia Velocity credit card sign-up offers

As Australia gets travelling again, you could earn as many as 120,000 bonus Velocity Points from a single card application.

By Chris Chamberlin, March 3 2021
Best Virgin Australia Velocity credit card sign-up offers
Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

The information provided on this page is purely factual and general in nature. You should seek independent advice and consider your own personal circumstances before applying for any financial product.

As domestic borders come down and travellers return to the skies, now could be a great time to re-think your points strategy – and potentially, grow that points pool even further through a new credit card.

Right now, you could collect up to 120,000 bonus Virgin Australia Velocity Points from a single credit card application: and of course, earn even more Velocity Points as you continue to spend.

We've crunched the numbers to uncover the 15 most rewarding Velocity credit card sign-up offers in Australia this March, including direct-earning Velocity credit cards, as well as 'indirect earning' products, where points are manually converted from a bank loyalty program to Velocity Frequent Flyer.

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

1. Westpac Altitude Black Mastercard

Sign-up Bonus: Eligible new customers can earn up to 120,000 bonus Velocity Points via Westpac's Altitude Black Mastercard and its Altitude Velocity rewards path.

Simply apply by March 31 2021 and spend $4,000 or more on eligible purchases within 90 days of card approval to receive an initial 90,000 bonus Velocity Points. Then, earn an additional 30,000 bonus Velocity Points after your first eligible purchase in the second year of your card account being active.

Rewards: Eligible purchases generate 0.75 Velocity Points per dollar spent, excluding certain transactions such as payments to the ATO, which earn no points.

Annual Fee: $250, plus a $50 per year 'Altitude Velocity fee'.

2. Citi Rewards Mastercard

Sign-up Bonus: Apply by June 30 2021 and spend $3,000 on eligible purchases using the Mastercard within 90 days of approval, to unlock 100,000 bonus Velocity Points.

An optional Linked Diners Club Card can also be added to this account, but only eligible spends made using the Citi Rewards Mastercard are counted towards that spending tally for bonus points.

Rewards: Although the signup bonus is provided in straight Velocity Points, the rewards you'll earn from everyday purchases are instead served via the Citibank Rewards program, adopting a 2.5:1 conversion rate from Citi Points to Velocity Points.

On eligible Mastercard purchases, earn 1 Citi Point (0.4 Velocity Points) per $1 spent overseas (uncapped), as well as on eligible domestic spends up to $10,000 per statement period.

The optional Linked Diners Club Card instead provides a flat 2 Citi Points (0.8 Velocity Points) per dollar spent on eligible purchases at home and abroad. Neither card provides points on government and government-related charges.

Annual Fee: $99 in the first year and $199 in subsequent years, with no added fee for the optional Linked Diners Club Card.

3. St.George Amplify Signature Visa with Amplify Points

Sign-up Bonus: Apply online for the Amplify Signature with Amplify Points card by September 28 2021 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 100,000 points in year one, and 100,000 points in year two.

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

Rewards: Earn the equivalent of 0.75 Velocity Points per $1 spent on eligible purchases, 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.

Bank disclaimer: Eligible purchases do not include interest, fees and charges, cash or ATM cash advances, cash equivalent transactions, gambling transactions, a purchase from or payment to a local, state or federal government or government related agency, BPAY or similar transactions (such as Post Billpay), refunds and balance transfers debited to the card account.

Annual Fee: $279, with no additional cardholder fee.

This same bonus points 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.

4. AMEX Platinum Charge Card

Sign-up Bonus: Receive 150,000 bonus Membership Rewards points when you apply online, are approved and spend $3,000 on the purchases with the first three months.

Plus, get an additional 50,000 Membership Rewards points in the second year upon fee renewal. That's up to 200,000 Membership Rewards points in total, worth up to 100,000 Velocity Points when converted at a 2:1 rate.

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.

5. Westpac Altitude Platinum Mastercard

Sign-up Bonus: Apply by March 31 2021, select Altitude Velocity as your loyalty option and spend $3,000 on eligible purchases within 90 days of card approval to earn 60,000 bonus Velocity Points.

Rewards: Earn 0.5 Velocity Points per $1 spent on eligible purchases, uncapped. Certain transactions, such as ATO payments, don't earn points.

Annual Fee: $150, plus a yearly 'Altitude Velocity fee' of $50. No additional cardholder fee applies.

6. Virgin Australia Velocity High Flyer Card

Sign-up Bonus: Apply by March 31 2021 and you could earn 20,000 bonus Velocity Points per month for the first three months, when you spend at least $3,000 per month. That's up to 60,000 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.

7. 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.

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.

8. AMEX Velocity Platinum Card

Sign-up Bonus: Apply online, be approved and spend $3,000 on your new card within the first three months to earn 50,000 bonus Velocity Points.

Rewards: Take home 1.25 Velocity Points per $1 spent on most purchases, except at Virgin Australia where you'll earn a higher 2.25 Velocity Points per $1 spent, and at government bodies in Australia where you'll earn a reduced 0.5 Velocity Points per $1 spent.

Annual Fee: $375, with no additional cardholder fees, and a complimentary domestic return flight included every year.

9. Commonwealth Bank Diamond, Ultimate Awards Mastercards

With identical offers across two cards from the same bank, the CBA Diamond Awards Mastercard and the CBA Ultimate Awards Mastercard share this rank.

Sign-up Bonus: Eligible new customers can earn 100,000 bonus CBA Awards points when applying for either card by April 29 2021 and spending $5,000 on eligible purchases within 90 days of card activation. Convert those points to Velocity at a 2:1 rate, and the bounty is worth 50,000 bonus Velocity Points.

Rewards (Diamond Awards): Via the CommBank Awards scheme, earn the equivalent of 0.625 Velocity Points per $1 spent (1.25 CBA Awards points with a 2:1 conversion), up to a maximum of 500,000 Velocity Points (one million 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, up to $10,000/month. Above this threshold, all eligible spends earn 0.5 Awards points (0.25 Velocity Points) per $1 spent.

Annual Fee: On the Diamond card, there's a $349 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.

10. Suncorp Clear Options Platinum Visa

Sign-up Bonus: Receive 100,000 bonus Suncorp Rewards points when you apply before May 31 2021 and spend $3,000 on eligible transactions in the first 90 days from approval. When converted from Suncorp Rewards to Velocity at a 2:1 rate, that's a bounty of 50,000 Velocity Points.

Rewards: Collect 1.25 Suncorp Rewards points per $1 spent on eligible transactions – equal to 0.625 Velocity Points per $1 spent after conversion.

Annual Fee: $129

11. St.George Amplify Platinum Visa with Amplify Points

Sign-up Bonus: Apply online for the St.George Amplify Platinum with Amplify Points card by September 28 2021 and you could earn 80,000 bonus Amplify Points, equal to 40,000 bonus Velocity Points.

You'll achieve that goal when you apply by September 28 2021 and spend $3,000 within 90 days: serving up those bonus Amplify Points, which can be converted from Amplify Rewards across to Velocity Frequent Flyer at a 2:1 rate.

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: $99, with no additional cardholder fee, or separate fee for the Amplify Rewards program.

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

12. Virgin Australia Velocity Flyer Card

Sign-up Bonus: Apply by March 31 2021 and spend at least $1,500 per statement period for the first two months. This provides 20,000 bonus Velocity Points per month, up to 40,000 bonus Velocity Points overall.

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.

13. Commonwealth Bank Platinum Awards Mastercard

Sign-up Bonus: Scoop up 80,000 bonus CBA Awards points – that's 40,000 Velocity Points, following a 2:1 conversion – when you apply by April 29 2021 as an eligible new customer and spend $4,000 on eligible purchases within 90 days of card activation. 

Rewards: Via the CommBank Awards program, you'll receive 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.

Annual Fee: There's a $249 annual fee, as well as a $10/year charge to add an additional cardholder.

14. NAB Rewards Platinum Card

Sign-up Bonus: Earn an easy 60,000 bonus NAB Rewards points when you apply and spend $1,000 on everyday purchases within the first 60 days of opening your NAB Rewards Platinum Card account. Converted to Velocity at a 2:1 rate, that's worth 30,000 Velocity Points.

Rewards: Earn 3 NAB Rewards points (1.5 Velocity Points) per $1 spent on overseas purchases and with Webjet in Australia; 2 NAB Rewards points (1 Velocity point) per dollar spent at major department and hardware stores, and 1 NAB Rewards point (0.5 Velocity Points) per $1 spent on all other purchases.

Annual Fee: $195, with no additional cardholder fee.

15. Bank of Queensland Platinum Visa Credit Card

Sign-up Bonus: Take home 80,000 bonus Q Rewards points when you apply, are approved and spend $3,000 in the first two months on eligible transactions.

When converted from Q Rewards to Velocity at a 3:1 rate, that's equal to approximately 26,666 Velocity Points.

Rewards: Earn 2 Q Rewards points (0.66 Velocity Points) for every dollar of eligible spend, without points capping or tiering. Eligible transactions include most purchases, but exclude cash advances, balance transfers, special promotions, BPAY payments, government-related transactions and similar.

Annual Fee: Enjoy a halved annual fee of $64.50 in the first year, continuing at $129 p.a. thereafter.

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 15' 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

These rankings were last updated on March 1 2021, with the most significant change being the Citi Rewards Mastercard's strong offer of 100,000 bonus Velocity Points, paired with a first-year annual fee of only $99.

This caused many other cards to move down the rankings by one position to make room, although the Citi Prestige Mastercard has departed this list for now, as Citi's website continued to list an offer in March 2021 that had expired in February, and had not been replaced.

Other changes this month include Suncorp extending the bonus points offer on its Suncorp Clear Options Platinum card from February to May 2021.

As of March 3 2021, the Amplify Signature suite of cards have seen offers extended until September, while Amplify Platinum returns to these rankings with an offer worth 40,000 bonus Velocity Points.

American Express has also refreshed its Platinum Edge credit card with a new card design, added perks (smartphone screen insurance), and a fresh bonus offer worth 25,000 Velocity Points plus $195 in cashback.

However, offers worth 25,000 Velocity Points no longer sit within the top 15 due to more competitive offers on other cards, so AMEX Platinum Edge has been nudged from these rankings for now.

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.

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.

15 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

Westpac Altitude Black Mastercard

Up to 120,000

0.75

$300

No additional cardholder fee

Citi Rewards Mastercard

100,000

0.4

$99 (1st year), then $199

Request a Linked Diners Club Card to maximise points

St.George Amplify Signature with Amplify Points

Up to 100,000

0.825 (incl. B'day Bonus)

$279

Priority Pass account with two yearly lounge visits

AMEX Platinum Charge Card

Up to 100,000

1.125

$1,450

Unlimited lounge access, hotel status boosts

Westpac Altitude Platinum Mastercard

60,000

0.5

$200

No additional cardholder fee

Virgin Australia Velocity High Flyer Card

Up to 60,000

1 (0.5 above $8,000
/month)

$289

Yearly $129 VA flight voucher + Virgin lounge passes

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

First-year offer of 75 bonus status credits + $100 back

CBA Diamond & Ultimate Awards

50,000

0.625 (Di)
0.5 (Ult <$10k /mth)
0.25 (Ult >$10k /mth)

$349 (Di)
$35 /mo (Ult, waived on >$2.5k spend)

Pay no overseas transaction fees on the Ultimate Awards card

Suncorp Clear Options Platinum Visa

50,000

0.625

$129

Points also convert direct to KrisFlyer, Skywards

St.George Amplify Platinum with Amplify Points

40,000

0.5

$99

Supports major mobile wallets, and no additional cardholder fee

Virgin Australia Velocity Flyer Card

Up to 40,000

0.66
(0.5 above $1,500)

$64 (1st year), then $129

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

CBA Platinum Awards

40,000

0.5

$249

Ability to convert points to other programs as well

NAB Rewards Platinum Card

30,000

0.5

$195

Earn triple points on overseas purchases

BOQ Q Rewards Platinum

26,666

0.66

$64.50 (1st year), then $129

0% p.a. balance transfer for 14 months

* 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.

Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

The information provided on this page is purely factual and general in nature. You should seek independent advice and consider your own personal circumstances before applying for any financial product.

Chris Chamberlin

Chris Chamberlin is the Associate Editor of Executive Traveller, and lives by the motto that a journey of a thousand miles begins not just with a single step, but also a strong latte, a theatre ticket, and later in the day, a good gin and tonic.