Best Velocity Frequent Flyer Credit Cards*

Information verified correct on September 23rd, 2016

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

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.
Rates last updated September 23rd, 2016
Bonus Points Rewards Points per $ spent (VISA/MC) Rewards Points per $ spent (AMEX) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0.66 0 $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
American Express Velocity Escape Card
American Express Velocity Escape Card
7,500 bonus points 0 1 $0 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0.66 0 $129 p.a. Go to site More info
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
30,000 bonus points 1 0 $144 p.a. annual fee for the first year ($289 p.a. thereafter) Go to site More info
American Express Velocity Platinum Card
American Express Velocity Platinum Card
50,000 bonus points 0 1 $349 p.a. Go to site More info
American Express Velocity Business Card
American Express Velocity Business Card
0 1 $249 p.a. Go to site More info
Rates last updated September 23rd, 2016
Rewards Points per $ spent (AMEX) Rewards Points per $ spent (VISA/MC) Bonus Points Annual fee
American Express Platinum Edge Credit Card
Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement. Enjoy 0% p.a. for 12 months on balance transfers and receive a complimentary Virgin Australia domestic economy return flight every year.
1 0 10,000 bonus points $195 p.a. Go to site More info
American Express Explorer Credit Card
Receive 100,000 Membership Rewards Bonus Points on eligible spend within the first 2 months of Card Membership. Also enjoy a $400 travel voucher and two complimentary airline passes per year.
2 100,000 bonus points $395 p.a. Go to site More info

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.

  • Bonus points

    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.

  • Complimentary insurances

    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.

  • Travel perks

    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.

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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:

Transactions that will earn you Velocity points

  • Purchases made in-store or online
  • Some bill payments made via your card through direct debit
  • Overseas purchases.

Transactions that won’t earn you Velocity points

  • Cash advances
  • Balance transfers
  • Government fees or charges
  • Payments made via BPAY.

Maximising your credit card Velocity rewards points

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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.

Learn more about the how to join Velocity for free

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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

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FAQs

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.

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2 Responses to Best Velocity Frequent Flyer Credit Cards*

  1. Default Gravatar
    mike | January 4, 2015

    hello could you please recommend a good travel rewards credit card for me. i’ve looked at most of them but and still confused my situation is i generally spend 1000 dollars per week on groceries and fuel etc and want the best bang for my buck. your help is greatly appreciated.

    • Staff
      Elizabeth | January 5, 2015

      Hi Mike,

      Thanks for your question.

      Unfortunately I’m unable to recommend a specific product for you. This page may be a good place to start for your comparison. When looking at rewards cards and deciding on which on is the best for you, it can help to take a look at the following features (remember this is just general information):

      - Earn rate: This is the rate you will earn points on your card. The higher the earn rate, the more points you’ll earn for spending.
      - Interest rate: The purchase rate of interest has a large effect on the cost of the card unless you repay your balance in full each statement period. See if the interest rate on the card is competitive when compared to other similar cards.
      - Annual fee: Does the card have an annual fee? This will also cost you and may take away from some of the rewards value you get from the card.
      - Rewards program: What program is the card attached to? Does this program have rewards that are of interest to you? How many points will you have to save to redeem rewards you want?

      I hope this information will be of some use to you.

      Thanks,

      Elizabeth

Credit Cards Comparison

Rates last updated September 23rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) 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.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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