Boost your rewards earning potential with the best Velocity Frequent Flyer card
The Velocity Rewards program is one of the most popular programs for Australian frequent flyers. With lucrative rewards and travel benefits on offer, members of the Velocity program can take advantage of ways to earn and redeem their points quicker with a credit card linked to the Velocity Frequent Flyer program.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Receive bonus Velocity Points and enjoy a long term offer on balance transfers.
- $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.
How do Velocity Frequent Flyer cards work?
Velocity Frequent Flyer credit cards work in one of two ways — they can be direct-earn cards, where every dollar you spend on the card sees points credited to your Velocity account, or you earn points to a separate rewards program with indirect-earn cards that you can then transfer to Velocity. Either way, these cards can reward you with Velocity points for your everyday spending, and can be a way for you to increase your points balance to redeem the rewards you want, sooner.
What features can you expect with a Velocity credit card?
Points earned per dollar spent
As mentioned, these cards allow you to earn points for every dollar you spend. The earn rates for these cards will differ, and if you have a dual card account (two cards linked to the same account) the earn rates for each card is likely to vary. You may also earn different points for different types of purchases. For instance, purchases with Velocity’s partners may earn more points than the standard earn rate.
You can earn more points in various ways. A common form of bonus points is those earned on sign-up. You might earn a set number of points just for taking up the card, for spending a certain amount within an allotted time period, or by making your first purchase. Bonus points can also be earned in other ways, such as making purchases with specific Velocity partner retailers or through various card promotions.
As Velocity is essentially a travel program, many Velocity credit cards offer complimentary travel insurance with the card. Protection for purchases such as extended warranty cover, refund cover and purchase security insurance may also be offered.
These cards may also offer other travel perks such as complimentary entry to partner airport lounges, discounts on flights and travel products and even free flights.
How to earn maximum Velocity points with your credit card
Most cardholders take up these cards to earn rewards for their purchases, so it’s important to understand how to use your card in order to get the most points. Generally, the following will apply:Back to top
Finding the best Velocity Frequent Flyer card* for you
Which is the best Velocity Frequent Flyer card*? It’s a tough question to answer, mainly because there is no one answer. What might be the best card for one person might not be for another. So how do you go about finding the most suitable card for you? Ask yourself the following questions to help narrow your search, and then use the comparison tables on finder.com.au to compare Velocity credit card features:
- How much do you spend on your card?
The amount you spend on your card will obviously affect the amount of rewards you can earn. If you only spend occasionally, a rewards card may not be the option for you. Work out how much you spend and then use the card’s earn rate to see your points earning potential. This will show you the value of the card.
- Do you pay your balance back in full each statement period?
As mentioned, rewards cards generally have higher rates than other standard credit cards. By paying back your balance in full you can avoid excessive interest and have a card that rewards you for your purchases, with minimal cost. If you carry your balance over you’ll need to see if the rate you’re charged on that balance is worth the rewards.
- How much do you travel?
The Velocity program offers a wide range of travel-related rewards, so frequent travellers will be the benefit the most. Have a look through the rewards on offer from the Velocity program and see if they appeal to you, and how long it is likely going to take you to redeem the rewards you want. If you’re not a frequent flyer, you may want to pay close attention to the ways you can earn points on everyday purchases and the non-flight rewards you can redeem.
Earn more points with the Velocity Frequent Flyer Rewards Program
The Velocity Frequent Flyer Rewards Program is Virgin Australia’s frequent flyer scheme that allows customers to earn Velocity Points whenever they fly with the airline or any of its international partners. Not only can customers earn points, but they can also take advantage of the many flights offered, including one-stop flights to Europe, flights to the Americas, Asia, the Middle East and more.
Members of the Velocity Frequent Flyer Program can also earn points all over the world by using the program’s network of partners, including hotels, car hire companies, travel assistance, insurance companies and more. Additionally, customers using a credit card that is linked to the Velocity program will be able to earn double the points, because they will be earning points by using their cards as well as with program partners.Back to top
Fees and charges you need to consider
Velocity Frequent Flyer credit cards can let you earn lucrative rewards for each dollar you spend, but they also may come with higher costs due to their associated benefits. Before applying for one of these cards it’s important to consider all of the associated costs to see if they outweigh the points-earning potential of the card. Compare these cards to make sure you take up a competitive option, and check all the following fees, rates and charges:
- Interest rate - The interest rates for reward credit cards tend to be on the higher end of the scale — around 15%-21% p.a. so make sure you take this rate into consideration. You’ll need to look at the purchase rate, cash advance rate and balance transfer rate (if you’re planning to bring a balance over).
- Annual fee - While some Velocity rewards cards don’t charge an annual fee, some can charge a fee in upwards of $300. The higher the return of the rewards, generally the higher the annual fee will be. Make sure you are getting a fair return for the fee you will be paying.
- Program joining fee - The Velocity program is free to join, so you won’t need to worry about this fee.
- Promotional rate offers - Purchase rate offers, balance transfer rate offers or even waived annual fee offers may be up for grabs with these cards. Check the terms and conditions of these promotions before you sign up, and also see the standard features of the card to make sure it’s still a competitive card after the offer ends.
Applying for a Velocity Frequent Flyer card
After you’ve compared cards and found the right one for you, the next step is applying. Just click the ‘go to site’ button for the card you want to apply for to fill out a secure online application form. Make sure you meet the eligibility criteria before you apply. You’ll need to supply certain documents including personal and contact details, employment and income information and details of your financials including debts, assets, and liabilities, so make sure to have those handy.
Compare Velocity Frequent Flyer credit cards here
What is the difference between a direct and indirect frequent flyer rewards card?
Direct earn cards accrue frequent flyer points directly within the program, whereas the points earned on indirect earn cards are credited to a general rewards points system that then require conversion into the relevant points. Indirect cards are slightly harder to compare because it takes some digging to discover what each point is worth.
Can I transfer my Velocity Points for other frequent flyer points?
You can’t directly transfer your Velocity Points to points in another program, but you can redeem your points for rewards with partnered airlines within the Star Alliance.
What if I'm an infrequent flyer?
As not everyone has the luxury of travelling frequently, air mile credit cards allow cardholders to earn points for regular purchases as well as on flights. If you’re an infrequent flyer, compare the programs and choose one that lets you earn and redeem miles or points for non-flight activities, such as shopping at the supermarket. Then consider your shopping patterns and look for non-flight rewards like vouchers, discounted goods and services that better suit your needs.
How many Velocity Points will I need for my next flight?
The number of points you’ll need to redeem for a flight will depend on the status of your ticket and the distance you intend to travel. You can use the ‘Mileage Calculator’ on the Virgin Velocity Frequent Flyer website to calculate how many points you’ll need for your next flight.