Best Credit Card for Velocity Frequent Flyer Points

Velocity Frequent Flyer is the second largest frequent flyer program in Australia, but it is still very easy to earn Velocity Points through rewards credit cards.

This guide will go through all the essential information you need to find the best Velocity-earning credit card for you.

Best Virgin Australia Velocity Frequent Flyer credit card sign-up bonus point offers this month

Card	Bonus Points	Annual Fee	Offer end date
Velocity Points
Citi Prestige Card ↓	Up to 200,000 Velocity Points*	$700	27 May 2025
American Express Velocity Business Card ↓	170,000 Velocity Points	$249 p.a. ongoing	30 April 2025
America Express Platinum Business Card ↓	125,000 Velocity Points*	$1,750 p.a. ongoing	27 May 2025
Westpac Altitude Velocity Black ↓	Up to 120,000 Velocity Points	$295 p.a. plus $75 Annual Altitude Velocity Rewards Fee	ongoing
American Express Platinum Card ↓	112,000 Velocity Points*	$1,450 p.a.	8 April 2025
Citi Premier Credit Card ↓	110,000 Velocity Points*	$300 p.a.	27 May 2025
American Express Velocity Platinum ↓	100,000 Velocity Points	$440 p.a.	30 April 2025
St.George Amplify Rewards Signature ↓	90,000 Velocity Points*	$199 for the first year, $295 p.a. ongoing	30 April 2025
ANZ Rewards Black ↓	80,000 Velocity Points*	$375 p.a. ongoing	ongoing
NAB Rewards Platinum Card ↓	Up to 80,000 Velocity Points*	$95 first year, $195 p.a. ongoing	31 July 2025
American Express Explorer Credit Card ↓	50,000 Velocity Points*	$395 p.a.	8 April 2025
* Equivalent Velocity Points when transferred

The offers displayed on this page are selected from a range of products across pointhacks.com.au as at the time of publishing this article. The use of terms “Best” and “Top” are derived from the highest bonus points offered.

What is the best credit card for Velocity Frequent Flyer Points?

Find below a roundup of some Velocity Point earning cards with noteworthy bonus offers to know about this month.

Citi Prestige Card

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• Sign-up Bonus: Up to 200,000 bonus Velocity Points¹
• Rewards Earn Rate: 3 Citi reward points per $1 spent on Eligible Transactions made directly with major airlines, hotel chains and restaurants in Australia. Plus 3 Points per $1 spent on eligible transactions made overseas. 2 Citi reward Points per $1 spent on Eligible Transactions made directly with major supermarkets, petrol outlets and national retailers. 1 Citi reward Point per $1 spent on all other eligible transactions. 
• Annual Fee: $700 p.a. ongoing
• Offer expires: 27 May 2025

Up to 200,000 bonus Velocity Points¹ are on offer for new cardholders of the Citi Prestige Credit Card. It comes with a vast range of perks including unlimited Airport lounge access for you and one guest courtesy of Priority Pass², "4th Night on Us"⁵ benefit when you book 4 consecutive nights at a range of hotels with Luxury Escapes, and an Uber Premier $100 cashback⁶. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under license from Citigroup Inc.

American Express Velocity Business

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• Sign-up Bonus: 170,000 bonus Velocity Points
• Rewards Earn Rate: 1 Velocity Point per $1 spent on eligible everyday business purchases and 2 Velocity Points per $1 spent with Virgin Australia. 
• Annual Fee: $249 p.a. and $99 per Employee Card up to 99 cards
• Offer expires: 30 April 2025

The American Express Velocity Business Card is offering 170,000 bonus Velocity Points for new American Express Card Members who apply by 30 April 2025, are approved and spend $5,000 on eligible purchases on your new Card within the first 2 months of approval*. The card lets you access a line of unsecured funding with flexible spending power^ and offers business owners and sole traders up to 2 Velocity Points per dollar on purchases within Australia. T&Cs apply. Available for new American Express Card Members only.

American Express® Platinum Business Card

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• Sign-up Bonus: 250,000 Membership Rewards Bonus Points*
• Rewards Earn Rate: Earn 2.25 Membership Rewards points per $1 on all eligible business purchases, except for spend with government bodies, for which you will earn 1 point per $1 spent. 
• Annual Fee: $875 in the first year (normally $1,750 p.a)*
• Offer expires: 27 May 2025

New American Express Card Members can earn 250,000 Membership Rewards Bonus Points in the first year* when you apply, are approved and spend $12,000 on eligible purchases on your American Express Platinum Business Card in the first 3 months of your approval date. Plus, enjoy a half annual Card fee of $875 (normally $1,750) in the first year. The Card is aimed at small and medium-size businesses who want to maximise their points earned, as well as business and travel benefits. Offer ends 27 May 2025. T&Cs apply.

Westpac Altitude Velocity Black

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• Sign-up Bonus: Up to 120,000 bonus Velocity Points plus 2 Virgin Australia Domestic Lounge passes with the Westpac Altitude Velocity Black Credit Card
• Rewards Earn Rate: Earn 0.75 Velocity Points per $1 up to a maximum of $250,000 spent on eligible purchases annually. Bonus Qantas Points not included in the cap. 
• Annual Fee: $295 p.a. plus $75 Annual Altitude Velocity Rewards Program fee if you choose to earn Velocity Points

The Westpac Altitude Velocity Black has up to 120,000 Velocity Points on offer for new cardholders. The card comes with 2 Virgin Australia Domestic Lounge invites per year and offers decent points earn rates on ongoing spend.

Citi Premier Credit Card

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• Sign-up Bonus: 110,000 bonus Velocity Frequent Flyer Points¹
• Rewards Earn Rate: 2 Citi reward Points per $1 spent on Eligible Transactions online or overseas and 1 Citi reward Point per $1 spent on Eligible Transactions everywhere else, capped at 200,000 Citi reward Points over a 12-month period. 
• Annual Fee: $300 p.a. ongoing
• Offer expires: 27 May 2025

The Citi Premier Credit Card offers 110,000 bonus Velocity Points¹ for new cardholders who spend $8,000 or more on eligible purchases within 3 months from approval. The card earns up to 2 Citi reward Points per dollar on eligible transactions and includes complimentary membership and two airport lounge visits every year when you enrol in Priority Pass™, plus the ability to automatically transfer Points from the Citi Rewards Program to Velocity Frequent Flyer each month with Points Autosweep⁴. Offer ends 27 May 2025. This product is provided by National Australia Bank Limited, using certain trademarks temporarily under license from Citigroup Inc.

American Express Platinum Card

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• Sign-up Bonus: 150,000 bonus Membership Rewards points¹
• Rewards Earn Rate: Earn 2.25 Membership Rewards points per $1 on all eligible purchases, except for spend with government bodies, for which you will earn 1 point per $1 spent. 
• Annual Fee: $1,450 p.a.
• Offer expires: 6 May 2025

The American Express Platinum Card is offering 150,000 bonus Membership Rewards Points¹ for new American Express Card Members who apply by 6 May 2025 and spend $5,000 on eligible purchases in the first 3 months of approval. It also comes with up to $400 in Global Dining Credit¹¹ per calendar year and a $450 annual Travel Credit⁵. A great card for those who want to earn Membership Rewards Points on everyday spend and transferable to over 10 major Airline Rewards Partner Programs⁸. T&Cs apply. New American Express Card Members only.

American Express Velocity Platinum

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• Sign-up Bonus: Earn 100,000 bonus Velocity Points* with the American Express Velocity Platinum Card
• Rewards Earn Rate: 1.25 Velocity Points earned per $1 on all eligible spend except for government bodies˜. 2.25 Velocity Points per $1 spent on selected Virgin Australia purchases˜. 0.5 Velocity Points per $1 on Government spend˜. 
• Annual Fee: $440 p.a.
• Offer expires: 30 April 2025

The American Express Velocity Platinum Card has 100,000 bonus Velocity Points* on offer for new American Express Card Members who apply by 30 April 2025 and spend $3,000 on eligible purchases within the first 3 months of approval. Includes several perks such as Virgin Australia Lounge Access^ every time you fly domestically with Virgin Australia, 2 VA Guest Lounge Passes⁼ each year and a Complimentary Domestic Return Virgin Australia Flightˢ. Terms, conditions and exclusions apply. New American Express Card Members Only.

St.George Amplify Rewards Signature

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• Sign-up Bonus: Up to 180,000 Amplify Rewards Points
• Rewards Earn Rate: 1.5 Amplify Points for every $1 spent on eligible purchases. 
• Annual Fee: $199 in the first year, $295 p.a. ongoing

St.George is offering up to 180,000 Amplify Rewards Points (equivalent to 90,000 Velocity Points or up to $800 in eGift cards) plus a reduced first-year annual fee for new cardholders of the Amplify Rewards Signature Card. Includes two complimentary airport lounge passes per year and you can also receive a 10% bonus reward of the points you earned for the previous year on your birthday.

ANZ Rewards Black credit card

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• Sign-up Bonus: Up to 160,000 extra ANZ Reward Points + $100 back to your new card
• Rewards Earn Rate: Earn 2 ANZ Reward Points per $1 spent on eligible purchases up to $5,000 per statement period, then 1 Reward Point per $1 spent on eligible purchases above $5,000 per statement period. 
• Annual Fee: $375 p.a. ongoing

ANZ is offering up to 160,000 extra ANZ Reward Points (110,000 pts + $100 back when you spend $5,000 in the first 3 months from approval & 50,000 pts when card is kept for 15 months) for new cardholders of the ANZ Rewards Black credit card. Includes complimentary insurance plus Apple Pay and Google Pay support.

NAB Rewards Platinum Card

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• Sign-up Bonus: Up to 80,000 bonus Velocity Points *
• Rewards Earn Rate: Earn uncapped points including 1 NAB Rewards Point earned per $1 on eligible everyday spend and 1.5 NAB Rewards Points per $1 at eligible Grocery Stores *. 
• Annual Fee: $95 for the first year, $195 p.a. ongoing
• Offer expires: 31 July 2025

The NAB Rewards Platinum Card is offering up to 80,000 Velocity Points (auto-converted from 160,000 NAB Rewards Points) and a reduced first-year annual fee for new cardholders. * NAB Rewards allows you to earn flexible points on eligible spend, and offers bonus points at eligible grocery stores and purchases made online with Webjet via NAB Rewards Store or on Webjet.com.au.

American Express Explorer Credit Card

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• Sign-up Bonus: 75,000 bonus Membership Rewards Points
• Rewards Earn Rate: Earn 2 Membership Rewards points per $1 on all purchases except government bodies where you will earn 1 point per $1 spent⁶. 
• Annual Fee: $395 p.a.
• Offer expires: 1 July 2025

American Express is offering 75,000 bonus Membership Rewards Points¹ for new American Express Card Members who apply for the Explorer Credit Card by 1 July 2025, are approved, and spend $4,000 on eligible purchases within the first 3 months of the approval date. Includes $400 Travel Credit² each year as a regular benefit, plus free access to The Centurion® Lounge³ at Sydney and Melbourne airports along with a range of insurances⁴ and high points earn rates on spend. T&Cs apply. New Amex Card Members only.

What are the best ways to earn Velocity Points with a credit card?

1. Direct earn: These are Velocity co-branded credit cards that will earn you a set number of Velocity points per dollar, with the total amount being automatically transferred to your account monthly.
   
   The benefit of these cards is that you will usually get other Velocity-related perks as well, such as lounge passes and Virgin Australia gift vouchers.
   
   Currently, Virgin Money, Westpac and American Express offer these cards.
   
2. Transfer from other rewards programs: These credit cards will accumulate their own rewards points, which can then be later transferred to Velocity Frequent Flyer or other airline partners.
   
   The main benefit of this arrangement is that you have flexibility in where your rewards points go. Just send them to your Velocity account when it suits you, rather than wait for a monthly transfer. Sometimes, there are bonuses for transferring too.
   
   Most major banks offer this option, including American Express, ANZ, Commbank, NAB, Citibank and St.George.

What to look for when searching for the best Velocity frequent flyer credit card

• Bonus points offer: Most rewards cards will have bonus points offers to lure new customers in. Often these are the easiest ways to give your Velocity balance a huge boost, meaning you can redeem premium reward seats quicker.
  
  Just be mindful not to be distracted from doing your due diligence. Check annual fees and spending criteria before applying.
• Earn rates: This is the next most important consideration – how many Velocity Points can you earn on an ongoing basis? One of the highest earn rates is 1.25 Velocity points per dollar, uncapped, through American Express.
  
  Most non-Amex cards will earn 0.5 to 1 point per dollar, depending on the card type. Some cards will have caps on the number of points earned per month, which is not so great if you have got a few large purchases coming up.
• Bonus travel inclusions: Some higher-end Velocity credit cards will throw in extras to enhance your travel experience. These include Virgin Australia lounge passes, free return domestic flights, and travel credits. 
  
  Consider if these will be of any use to you. For example, Velocity Gold and Platinum members already have access to Virgin Australia lounges, so bonus lounge passes may be of limited use.

• Included insurances: Platinum-grade Velocity frequent flyer credit cards tend to include some form of complimentary insurances. Most common is travel insurance, which is activated when you purchase flights or accommodation with the card.
  
  Be sure to read the Product Disclosure Statements (PDS) very carefully, as these free insurances often have lots of clauses that can catch you out.
  
  Other cards might go above-and-beyond and include price-drop protection, extra extended warranties on products, or even smartphone screen damage cover.

What to be mindful of with Velocity Frequent Flyer credit cards

Like any other credit card, you should take the following financial factors into account when deciding which Velocity Frequent Flyer rewards card is best for you.

• Annual fee: The bigger the inclusions with your rewards credit card, the higher the annual fee generally is. You need to decide whether paying $375 a year is worth it for a card that includes four lounge passes and a free domestic return flight, for example.
  
  Unless there’s a special ‘no annual fee’ promotion, expect most Velocity-earning credit cards to have some sort of annual fee to cover part of the costs of your benefits.
• Interest rate: All rewards cards have high-interest rates – they simply are not designed for carrying a balance over month-to-month. If you have issues with credit card debt, a Velocity rewards card may not be the best option right now, as the fees and interest incurred will outweigh any Velocity points earned.
• Interest-free days: Most credit cards will allow between 44-55 days interest-free for your purchases, which is standard. This gives you a little breathing space to pay off your purchases next month.
• Income requirements: Platinum-level Velocity credit cards will usually require a higher income level to apply for it. You will usually have to back up your reported income with electronic payslips or bank statements.
  
  If you live with a partner, your combined household income might be taken into account as well. Check the terms and conditions carefully before applying.

What do I need to know before I apply for a Velocity credit card?

Here’s a quick checklist of what you should know before applying for a Velocity credit card:

1. Am I eligible for the bonus points? Most cards will exclude you from bonus points if you have held their credit cards in the last 12-18 months. This will be in the terms and conditions.
2. Can I easily fulfil the criteria for bonus points? Most bonus point offers will require you to spend more than a certain amount (often $1000+) per month, for a few months.
   
   If this is difficult for you to achieve with normal household spend or paying some bills early up-front, then re-consider your need for the credit card.
3. Is my credit score healthy? The chances of having your application accepted are much better if you have a good credit history.

How can I earn Velocity points after I get my credit card?

Once you get your Velocity credit card, be sure to meet the minimum spend requirements to unlock your sign-up bonus. Once that’s done and dusted, there are a few strategies to ensure you keep on earning plenty of Velocity Points.

• Put your everyday purchases on the card: from flights to groceries, fuel to concert tickets, you can maximise your points earn by putting most of your normal household expenses on the credit card and paying it off in full every month.

• Keep an eye out for bonus partners: Velocity has teamed up with many companies which offer bonus points with purchases, such as through the Velocity e-store or through swiping your Flybuys card at Coles.

• Take advantage of transfer promos: If you have an indirect earn Velocity credit card, consider transferring your rewards points over to Velocity when there is a transfer bonus. This could give you a huge chunk of extra points, just for transferring at the right time!

Frequently asked questions

The following answers are general advice and do not take into account your personal circumstances. Be sure to consider all aspects of a Velocity credit card before applying.

What credit card gives the best flight points?

Generally, American Express credit cards will offer the highest sign-up bonuses and daily Velocity points earn rates. However, be mindful that annual fees are often higher and acceptance of American Express is not as widespread as Visa or Mastercard.

What is the best frequent flyer credit card?

The best frequent flyer card depends on everyone’s individual circumstances. This guide will help you understand all aspects of a Velocity-branded credit card so you can make the best choice for yourself.

What credit cards can earn Velocity points?

As of this year, these banks issue credit cards that can earn Velocity points: American Express, Virgin Money, ANZ, Commonwealth Bank, NAB, Citibank, St. George, Bank of Melbourne, BankSA, Diners Club, Suncorp and BOQ.