Top deal: Virgin Australia Velocity High Flyer credit card
A solid 60,000 Virgin Australia frequent flyer points are up for grabs with the Virgin Australia Velocity High Flyer credit card, along with 150 status credits to help boost you through the ranks of Silver, Gold or Platinum status with Velocity.
But as you'd expect, there are a few hoops to jump through to get the full bounty – for starters, the bonus points are delivered over the first six months rather than as a lump sum: 10,000 points in each of the months that you charge at least $3,000 to the card, up to the maximum of 60,000 bonus points after the half-year.
With a normal earning rate of 1.25 Velocity points per dollar, a cardholder spending exactly $3,000 per month during the bonus period would ultimately net 4.58 Velocity points per dollar or 82,500 points overall, with any transactions over and above that $3,000 'minimum' earning at the usual 1.25/$1 rate.
Those points can transform into a premium economy flight from Sydney or Brisbane to Los Angeles with a co-pay of around $104, or from Sydney to Abu Dhabi with an $84 payment.
Add to that the 150 status credits – yours after merely using the Velocity High Flyer credit card to purchase a flight with Virgin Australia just once within three months of card approval.
That's any Virgin Australia flight to any destination: from a quick Sydney-Melbourne hop of that longer trek to Los Angeles: just remember to book the flight via the Virgin Australia website or the airline's telephone contact centre.
Flights booked via travel agents, including online travel agents such as Expedia, don't trigger the bonus status credits unless the airfare is charged to the card directly by the airline.
For more information, head to the Virgin Money website and apply by April 30 2015.
Also read: Virgin Australia Velocity Flyer Card review
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Qantas - Qantas Frequent Flyer
02 Jul 2011
Total posts 1381
And the biggest hoop - $289 annual fee.
Suspect $3000 spend / month is pushing it for many people to get maximum points.
12 Jun 2013
Total posts 738
And with a relatively mediocre earn rate of 1.25 points per dollar, it seems difficult to extract all that much value from it. I'm sure there's a certain combination of spending patterns which can do it (if you spend precisely $3000 a month every month on that card) but requires a level of attention that I can't be bothered with.
(Also, rent aside, I don't spend $3000 a month most months.)
Virgin Australia - Velocity Rewards
08 Jun 2014
Total posts 257
Yeh no, rather get the points straight up like I did with my Amex and continue to use the card as I please which I do...