Searching for a credit card that delivers loads of Virgin Australia Velocity Frequent Flyer points? Then take a look at these top offers from American Express, ANZ, Bank of Melbourne, St. George, Virgin Money and Westpac which collectively place almost 700,000 bonus Velocity points on the table through an array of attractive sign-up offers.
One single card application can deliver as many as 120,000 Velocity points for business owners or a still-strong 100,000 Velocity points for personal spenders – so if you're in the market for a new credit card, these are the best Velocity credit card sign-up deals to hit the streets this August.
1. American Express Platinum business, personal charge cards
Taking out the final gold medal this winter: the American Express Platinum Business Card with its offer of 120,000 bonus Velocity points – or for spenders without business ties, the personal version of the same card – the American Express Platinum Charge Card – close behind with 80,000 bonus Velocity points on the table.
ABN holders can unlock their business bonus by applying for the business charge card by November 30 2017 and spending at least $5,000 on purchases within the first two months, delivering 120,000 Membership Rewards Ascent Premium points, worth 120,000 Velocity points when converted at a 1:1 rate.
Everybody else can instead fetch 80,000 bonus Ascent Premium points when applying for the personal charge card and spending at least $1,500 within the first three months – again, converting to Velocity at a 1:1 rate, giving 80,000 Velocity points.
(Until October 2 2017, the personal charge card offered 100,000 bonus points.)
You can also collect up to three Ascent Premium points per dollar spent (equal to three Velocity points) via the personal card for an annual fee of $1,200, or could earn up to two Ascent Premium points per dollar (worth two Velocity points) through the business card against a $1,500 annual fee.
2. Virgin Money's Virgin Australia Velocity High Flyer Card
Slip a new Virgin Money Velocity High Flyer Visa Signature credit card into your wallet and up to 80,000 bonus Velocity points could be your reward.
Excluding your payment of the card's $289 annual fee, spending $3,000 or more on the card in each of the first five months nets 16,000 bonus Velocity points per eligible month, being 80,000 Velocity points at the end of month five – on top of the card's normal earning rate of one Velocity point per dollar spent up to $8,000 per month, and 0.5 Velocity points per $1 thereafter.
A similar deal is also on offer through the entry-level Virgin Money Velocity Flyer Card, giving 20,000 bonus Velocity points in each of the first three months where $1,500 or more is spent in that month, up to 60,000 bonus Velocity points. An annual fee of $129 applies and you can earn 0.66-0.5 Velocity points per dollar spent, depending on your monthly charges.
3. American Express Explorer, Business Explorer credit cards
Another pair of entrants from American Express: the personal American Express Explorer Card with an offer of 50,000 Membership Rewards Gateway points, and the new American Express Business Explorer Card with a bonus of 100,000 Gateway points, converting to Velocity at a 4:3 rate to provide 75,000 Velocity points with the business card or 37,500 Velocity points with the personal card.
Those points are yours when applying for the personal Explorer Card and spending at least $1,500 within the first three months, or by applying for the Business Explorer Card by November 30 2017 and spending $3,000 within the first three months.
(Until October 2 2017, the personal Explorer Card offered 100,000 bonus Gateway points.)
Both cards attract a $395 annual fee and crank out two Gateway points per dollar spent (equal to 1.5 Velocity points) on all but government charges, on which you'll earn 0.5 Gateway points per dollar, on-par with 0.375 Velocity points.
4. American Express Velocity Platinum Card
AMEX isn't lacking on offers this month with yet another place in the 'top five', thanks to an offer of 50,000 bonus Velocity points on the American Express Velocity Platinum Card for eligible new customers, plus a free return Virgin Australia domestic flight each year, two Virgin Australia lounge passes and two visits to the AMEX Lounge at Sydney Airport.
A $375 annual fee covers all those perks, with the bonus points yours when applying and spending at least $1,500 on purchases within the first three months, on which you'll also collect 1.5 Velocity points per dollar spent on most transactions, uncapped.
That's boosted to 2.5 Velocity points per dollar when using the card to book Virgin Australia flights (in addition to the points you'd normally earn from flying), with government transactions such as ATO payments earning 0.5 Velocity points per dollar spent.
You can also earn 100 bonus Velocity status credits each year when spending at least $50,000/year on the card.
5. ANZ Rewards Travel Adventures, Westpac Altitude Black
ANZ and Westpac also make the cut this month, each placing the equivalent of 40,000 bonus Velocity points on the table for eligible new customers via the ANZ Rewards Travel Adventures Visa and the Westpac Altitude Black American Express + Mastercard combo.
Here's how you can get those bonus points with each bank:
- ANZ Rewards Travel Adventures Visa: Spend just $500 on eligible purchases within three months of approval and pay an annual fee of $225, with a complimentary return domestic flight each year also included until the card is cancelled plus two Virgin Australia lounge visits each year on the same basis, with everyday spend earning up to 0.75 Velocity points per dollar. ANZ also has a comparable offer of 37,500 bonus Velocity points on its Rewards Black Visa, delivered as 75,000 ANZ reward points which convert into Velocity points on a 2:1 basis.
- Westpac Altitude Black: Apply by October 26 2017, select Altitude Rewards as your loyalty option and spend at least $5,000 on the account within 90 days of approval to earn 80,000 Altitude points, equal to 40,000 Velocity points when converted on a 2:1 basis. You'll also earn the equivalent of 1.25 Velocity points per dollar spent on the AMEX and 0.625 Velocity points per dollar spent when using the Mastercard, both uncapped.
Honourable mention: St. George Amplify Signature Visa
St. George's Amplify Signature Visa credit card is also worth considering with an offer of 60,000 bonus Amplify points for new customers, equal to 30,000 bonus Velocity points when converted on a 2:1 basis.
You can earn those points when applying by September 20 2017, paying an annual fee of $279 and spending $3,000 within 90 days of card approval, also earning the equivalent of 0.75 Velocity points per dollar spent, uncapped – or 0.825 Velocity points per dollar spent when you factor in the card's yearly 10% 'birthday bonus'.
Hold onto the card and pay the annual fee once more in the second year and you'll also get a further 30,000 bonus Amplify points, currently equal to 15,000 Velocity points: but we should highlight that banks do change their frequent flyer conversion rates from time to time, so although you're guaranteed 30,000 Amplify points in that scenario, their worth in Velocity points isn't necessarily set in stone.
(We've not received any information to suggest that the 'Amplify to Velocity' conversion rate is indeed changing, but it's an important caveat to flag.)
This same offer is also available on the comparable Bank of Melbourne Amplify Signature Visa credit card.