Best Virgin Australia Velocity credit card sign-up offers

Best Virgin Australia Velocity credit card sign-up offers

Fancy earning enough Virgin Australia Velocity frequent flyer points for up to 24 business class upgrades from a single credit card application? If so, you won't want to miss this month's hottest deals, which place up to 120,000 bonus Velocity points on the table.

Across cards issued by American Express, ANZ, Bank of Melbourne, BankSA, Citibank, Commonwealth Bank, NAB, St.George, Virgin Money and Westpac, here are June's most points-laden personal Velocity credit card sign-up offers.

15 best Virgin Australia Velocity Frequent Flyer credit card sign-up offers

1. American Express Westpac Altitude Black Bundle

Sign-up Bonus: Apply for the American Express Westpac Altitude Black Bundle by October 15 2019, opt for the Altitude Velocity program and spend $4,000 on eligible purchases within 90 days of card approval using the Altitude Black Mastercard to earn 80,000 bonus Velocity Points.

Separately, you can pocket 40,000 bonus Velocity Points after spending $3,000 on eligible purchases using the American Express Westpac Altitude Black Card within 90 days of card approval, giving you a grand total of up to 120,000 bonus Velocity Points overall, when you take advantage of both offers.

What's more, take home 50 Velocity status credits when you spend a further $6,000 on eligible purchases in the first year using your Mastercard (that's $10,000 spent in total, including the $4,000 spent to qualify for the bonus points offer), as well as 25 additional Velocity status credits when you qualify for your 40,000 bonus points via the AMEX.

Rewards: Under the Altitude Velocity rewards scheme, the American Express Westpac Altitude Black Card delivers 1.25 Velocity Points per $1 spent on most everyday purchases within Australia, except for government spend which earns 0.5/$1. All overseas purchases on this card provide 2 Velocity Points per $1 spent.

Using the Altitude Black Mastercard, eligible transactions at home and abroad earn a flat 0.75 Velocity Points per dollar spent, except for government spend which earns no points.

Annual Fee: $250 for the Mastercard, plus $199 for the American Express, plus a $50/year Velocity Rewards fee when earning Velocity Points via the Altitude Velocity program. No additional cardholder fee.

2. American Express Velocity Platinum Card

Sign-up Bonus: Apply for the American Express Velocity Platinum Card by July 15 2019 and you could earn 25,000 bonus Velocity points per month for the first four months, when you spend $1,000 in each of those months. That's up to 100,000 bonus Velocity points at the end of month four, from a total minimum spend of $4,000 (min. $1,000 per month).

Rewards: Earn 1.25 Velocity points per $1 spent on most purchases – boosted to 2.25 Velocity points per $1 on Virgin Australia flight bookings, although reduced to 0.5 Velocity points per $1 spent on government transactions, such as at Australia Post or on ATO payments.

Annual Fee: There's a $375 annual fee to pay, largely offset by the inclusion of a free domestic return Virgin Australia flight every year, with no fees for additional cardholders.

3. St.George Amplify Signature Visa with Amplify Points

Sign-up Bonus: Apply online for the Amplify Signature with Amplify Points card by October 2 2019 and spend $12,000 on eligible purchases each year for the first two years, to unlock up to 200,000 bonus Amplify Points. With Amplify Points converting to Velocity at a 2:1 rate, that's a reward of up to 100,000 bonus Virgin Australia Velocity points.

Rewards: Earn the equivalent of 0.75 Velocity points per $1 spent, uncapped: further boosted to 0.825 Velocity points per dollar spent via St.George's 'birthday bonus', being a 10% bonus counted on all the points earned via the card over the past year (or part-year, for new customers), except on the already generous sign-up bonus.

Annual Fee: Pay a reduced annual fee of $179 in the first year, reverting to $279 thereafter. No additional cardholder fee.

This same bonus points and reduced annual fee offer is also available on the near-identical Bank of Melbourne Amplify Signature Visa with Amplify Points and the BankSA Amplify Signature Visa with Amplify Points credit cards when applying online.

4. Virgin Australia Velocity High Flyer Card

Sign-up Bonus: Get things started by applying before August 31 2019, and after approval, you can earn 30,000 bonus Velocity points in each of the first three months, when at least $3,000 is spent on the card in that month – up to 90,000 bonus Velocity points in total at the end of month three, from a cumulative spend of at least $9,000 (min. $3,000 per month).

Rewards: Collect one Velocity point per $1 spent up to $8,000 per month, and 0.5 Velocity points per $1 spent thereafter: except on government and government-related charges, which don't earn points.

Annual Fee: $289, for which you'll also receive a $129 Virgin Australia flight voucher plus two Virgin Australia lounge passes every year.

5. Citi Prestige Visa Infinite Credit Card + Linked Diners Club Card

Sign-up Bonus: New customers who apply by January 31 2020 and spend $5,000 in the first 90 days from approval on the Citi Prestige Credit Card can receive 150,000 bonus points in the Citibank Rewards Program, equal to 75,000 Velocity points when converted at a 2:1 rate.

Additionally, opt-in for the Linked Diners Club Card when you apply and spend on it within 90 days of approval to earn an extra 10,000 bonus Citibank Rewards points. Via the same conversion, that bonus is worth 5,000 Velocity points, giving you up to 80,000 Velocity points in total.

Rewards: Using the Visa, earn 3 Citi Points (1.5 Velocity points) per $1 spent overseas, and in Australia with major airlines, hotel chains and restaurants. At major Australian supermarkets, petrol outlets and national retailers, earn 2 Citi Points (1 Velocity point) per dollar spent, and on all other eligible transactions in Australia, earn 1 Citi Point (0.5 Velocity points) per dollar spent.

The Linked Diners Club Card instead provides a flat 2 Citi Points (1 Velocity point) per dollar spent on eligible purchases at home and abroad, although neither card provides points on government and government-related charges.

Annual Fee: $700, with or without the Linked Diners Club Card attached. No additional fees are charged for additional cardholders.

6. Westpac Altitude Black Mastercard

Sign-up Bonus: Separate to the Altitude Black Bundle offer above, Westpac's Altitude Black Mastercard is also available as a standalone product (without the AMEX), and right now, comes with up to 80,000 bonus Velocity Points for eligible new customers who apply by October 15 2019, choose the 'Altitude Velocity' rewards option and spend $4,000 on purchases within 90 days of card approval.

Rewards: Eligible purchases generate 0.75 Velocity Points per $1 spent, excluding ATO payments.

Annual Fee: A $250 annual card fee applies, plus the bank's $50/year Velocity Rewards fee to earn Velocity Points, although there's no extra charge for an additional cardholder.

7. Virgin Australia Velocity Flyer Card

Sign-up Bonus: Apply by August 31 2019 and spend at least $1,500 in each statement period for the first three months to earn 25,000 bonus Velocity points in each of those months, for an all-out bounty of up to 75,000 bonus Velocity points at the end of month three, from a cumulative spend of at least $4,500.

Rewards: 0.66 Velocity points per $1 spent up to $1,500 per month and 0.5 Velocity points thereafter, except on government and government-related payments which don't award points.

Annual Fee: Enjoy a reduced $64 annual fee in the first year, and continuing to offset the full $129 annual fee in the years that follow, a $129 Virgin Australia flight voucher is also yours to use every year.

8. American Express Westpac Altitude Platinum Bundle

Sign-up Bonus: This two-card package tempts with up to 75,000 bonus Velocity points, with that bounty divided across eligible spends on both cards.

Apply by October 15 2019, opt for 'Altitude Velocity' and spend $3,000 on eligible purchases within 90 days of card approval using the Westpac Altitude Platinum Mastercard to unlock 60,000 bonus Velocity points.

Separately, spend $3,000 on eligible purchases within 90 days of card approval using the AMEX Westpac Altitude Platinum Card to receive 15,000 bonus Velocity Points, being up to 75,000 bonus Velocity points in total.

Rewards: Using the American Express Westpac Altitude Platinum Card, cardholders can earn 1 Velocity Point per $1 spent on most purchases in Australia, except for government spend which earns 0.5/$1. All international transactions instead earn 1.5 Velocity Points per $1 spent.

On Westpac's Altitude Platinum Mastercard, there's instead a flat earn rate of 0.5 Velocity Points per $1 spent both at home and abroad, excluding government spend in Australia (no points earned).

Annual Fee: There's a $50/year Velocity Rewards fee to be paid when earning Velocity Points via this channel. Westpac's Altitude Platinum Mastercard attracts a $150 annual card fee, while the American Express Westpac Altitude Platinum Card carries its own $49 annual fee.

9. Citi Rewards Signature Visa + Linked Diners Club Card

Sign-up Bonus: New customers who apply by January 31 2020 and spend $4,000 in the first 90 days from approval on the Citi Signature Credit Card can receive 120,000 bonus points in the Citibank Rewards Program, equal to 60,000 Velocity points when converted at a 2:1 rate.

Additionally, opt-in for the Linked Diners Club Card when you apply and spend on it within 90 days of approval to earn an extra 10,000 bonus Citibank Rewards points, worth 5,000 Velocity points. In total, that's up to 65,000 Velocity points.

Rewards: On eligible purchases made using the Visa, 2 Citi Points (1 Velocity point) can be earned per $1 spent overseas, and in Australia with major airlines, hotel chains and restaurants. At major Australian supermarkets, petrol outlets and national retailers, earn 1.5 Citi Points (0.75 Velocity points) per dollar spent, and on all other eligible transactions in Australia, earn 1 Citi Point (0.5 Velocity points) per dollar spent.

The Linked Diners Club Card instead provides a flat 2 Citi Points (1 Velocity point) per dollar spent on eligible purchases at home and abroad, although neither card provides points on government and government-related charges.

Annual Fee: $199 in the first year, $395 thereafter. There's no difference in annual fee with or without the Linked Diners Club Card attached, and no additional fees are charged for additional cardholders.

10. Westpac Altitude Platinum Mastercard

Sign-up Bonus: Apply by October 15 2019, select Altitude Velocity as your rewards option, and spend $3,000 on eligible purchases within 90 days of card approval to earn 60,000 bonus Velocity Points.

Rewards: Earn 0.5 Velocity Points per $1 spent on everyday purchases, uncapped. This excludes government spend such as ATO payments.

Annual Fee: A $150 annual card fee applies, along with a $50/year Velocity Rewards fee, bringing the total cost to $200.

11. Commonwealth Bank Diamond Awards Mastercard

Sign-up Bonus: Breaking its long-running bonus points drought, CBA's Diamond Awards Mastercard comes with an unexpected offer of 120,000 bonus CBA Awards points – that's 60,000 Velocity points, following a 2:1 conversion – for eligible new customers who apply by July 31 2019 and spend $6,000 on eligible purchases by October 31 2019.

Rewards: Via the CommBank Awards scheme, earn the equivalent of 0.625 Velocity points per $1 spent (1.25 CBA Awards points per $1, with a 2:1 conversion), up to a maximum of 500,000 Velocity points (1,000,000 CBA Awards points) per calendar year. No points are earned on ATO payments, however.

Annual Fee: There's a $349 annual fee to pay, plus $10/year for an additional cardholder.

12. St.George Amplify Platinum Visa with Amplify Points

Sign-up Bonus: Apply online for the Amplify Platinum with Amplify Points card by October 2 2019 and spend $6,000 on eligible purchases each year for the first two years to fetch up to 100,000 bonus Amplify Points over two years – that's 50,000 Velocity Points, when converted at today's 2:1 conversion rate.

Rewards: Via the Amplify Rewards scheme, earn one Amplify Point per $1 spent, being equal to 0.5 Velocity Points per dollar spent, uncapped.

Annual Fee: $99, with no additional cardholder fee, or separate fee for the Amplify Rewards scheme.

This offer can also be found on the similar Bank of Melbourne Amplify Platinum Visa with Amplify Points and the BankSA Amplify Platinum Visa with Amplify Points credit cards when applying online.

13. ANZ Rewards Black

Sign-up Bonus: Receive 100,000 bonus ANZ Reward Points and $100 back to your new card, when you apply and spend $4,000 on eligible purchases in the first three months from approval. Converted to Velocity at a 2:1 rate, that bounty is worth 50,000 bonus Velocity points.

Rewards: Earn 2 ANZ Reward Points (1 Velocity point) per $1 spent on eligible purchases up to and including $5,000 per statement period, and 1 ANZ Reward Point (0.5 Velocity points) per $1 spent above $5,000 per statement period.

Annual Fee: $375, reduced in 'cost' to $275 in the first year when factoring in that $100 statement credit. A $65 fee applies per additional cardholder.

14. Commonwealth Bank Platinum Awards Mastercard

Sign-up Bonus: Commonwealth Bank's other shiny points-earning card, the CBA Platinum Awards Mastercard, is offering 100,000 bonus CBA Awards points – being 50,000 Velocity points, via the 2:1 conversion from CommBank Awards – for eligible new customers who apply by July 31 2019 and spend $4,000 on eligible purchases by October 31 2019.

Rewards: Via the CommBank Awards scheme, there's an earn rate equal to 0.5 Velocity points per $1 spent (1 CBA Awards points per $1, with a 2:1 conversion), capped at 150,000 CBA Awards points (75,000 Velocity points) per calendar year. As with the Diamond card, no points are earned on ATO payments.

Annual Fee: You'll pay $249 in annual fees, plus an extra $10/year charge for an additional cardholder.

15. NAB Rewards Signature Card

Sign-up Bonus: Grab 90,000 bonus NAB Rewards points when you apply and spend $2,500 on everyday purchases within 60 days of account opening. With a 2:1 conversion rate from NAB Rewards to Velocity, that bounty is equal to 45,000 Velocity points.

Rewards: Most everyday purchases earn 1.25 NAB Rewards points (0.625 Velocity points) per dollar spent, with a higher earn rate of 2.5 NAB Rewards points (1.25 Velocity points) per $1 spent at major department and hardware stores, and 3.75 NAB Rewards points (1.875 Velocity points) per $1 spent on purchases with Webjet, when travelling overseas or on overseas purchases made in Australia.

Annual Fee: This card attracts a $295 annual fee. No extra fee applies for an additional cardholder.

Ranking Order & Updates

Ranking Criteria

This page offers a list of the most rewarding Virgin Australia Velocity Frequent Flyer credit card sign-up offers in Australia, as available at the time of publishing, across both direct-earning Velocity cards, and indirect-earning cards, where spenders first earn points in a bank's own loyalty program and can then convert them into Velocity points at a later date.

This list includes personal credit cards and general, public sign-up offers, but does not include business or corporate credit cards, or deals that are private, restricted or targeted, with the exception of any offers targeted to Australian Business Traveller readers, which may offer more points or reduced fees compared to a bank's standard public offering.

Credit cards listed above as part of this 'top 15' appear in descending order based on the total number of Velocity points offered via the card's sign-up bonus.

Where more than one card is offering the same number of bonus points, other factors such as annual fees, minimum spend requirements, points earning rates for ongoing purchases and sign-up incentives such as statement credits are considered in determining rank.

Ranking Updates

The Commonwealth Bank rarely offers bonus points when taking out a new credit card, making its appearance within these rankings particularly notable.

Westpac has also recently launched an 'Altitude Velocity' loyalty option across its range of points-earning credit cards, which complements the existing path of earning Velocity points via Altitude Rewards. This remains an option, but the Velocity path offers a higher number of bonus points on sign-up, as well as improved ongoing earn rates for Velocity points versus converting via Altitude Rewards.

Also worth note is the absence of many points-earning American Express cards that had long ranked well, including the AMEX Platinum Charge Card and the AMEX Explorer credit card. Given changes to AMEX Membership Rewards earlier in 2019 which cut Velocity conversion rates to 2:1 across the board, this has had the effect of reducing the 'value' of the bonus points AMEX is offering to new customers.

For example, the AMEX Platinum Charge Card regularly offers 80,000 bonus points to eligible new customers, which had long been worth 80,000 Velocity points via a 1:1 conversion – but under the new 2:1 rate, that same number of points fetches just 40,000 Velocity points, which falls outside the scope of this 'top 15'.

What are Virgin Australia Velocity credit cards and how do they work?

As the name suggests, credit cards affiliated with Virgin Australia's Velocity Frequent Flyer scheme allow cardholders to earn Velocity points from their everyday credit card expenses.

Some cards will automatically credit these points to a customer's Velocity Frequent Flyer account every month, while other cards will first provide points in the bank's own loyalty program, which the cardholder can later convert into Virgin Australia Velocity points at a pre-set conversion rate.

Virgin Australia Velocity Frequent Flyer credit card FAQs

Can you combine frequent flyer miles and points?

In Virgin Australia's Velocity Frequent Flyer scheme, yes, eligible family members can transfer Velocity points between their accounts at no charge. This can be useful in a household where both members of a couple are earning Velocity points, as these can be combined in order to book a flight.

Can you link Velocity Frequent Flyer accounts?

Velocity offers a 'family pooling' feature where eligible members of the same household can opt to pool all the Velocity points they earn (and optionally, status credits too) into one person's nominated account. This is separate to manual family points transfers, which are also available.

Can I earn miles or points if I buy a ticket for someone else?

Yes. While the traveller may earn their own miles or points from the flight itself (depending on the airline and airfare), purchasing a flight is just like any other transaction, with the credit cards above offering a certain number of Velocity points per dollar spent on purchases, including airfares.

Can I use Velocity points to buy a ticket someone else?

Yes, and unlike Qantas Frequent Flyer, Velocity Frequent Flyer members can use their hard-earned points to book flights and upgrades for anybody, including not only family members, but also friends, colleagues, clients and more.

15 best Virgin Australia Velocity Frequent Flyer credit card sign-up offers

Credit card

Bonus Velocity points

Velocity points per $1 spent *

Annual fee

Other benefits

American Express Westpac Altitude Black Bundle (with Altitude Velocity)

Up to 120,000

0.75 (Mastercard)
1.25 (AMEX)

$250 (MC)
$199 (AMEX)
$50 (Velocity Rewards fee)

Free Economy X flight upgrades, Virgin Australia lounge passes

AMEX Velocity Platinum Card

Up to 100,000

1.25

$375

Free return Virgin Australia domestic flight every year

St.George Amplify Signature with Amplify Points

Up to 100,000

0.825 (incl. Birthday Bonus)

$179 (1st year)
$279 (ongoing)

Priority Pass membership with two yearly lounge visits

Virgin Australia Velocity High Flyer Card

Up to 90,000

1 (0.5 above $8,000/month)

$289

Yearly $129 VA flight voucher + Virgin lounge passes

Citi Prestige with Linked Diners Club Card

Up to 80,000

0.5 (Visa)
1 (Diners Club)

$700

No int'l transaction fees on Diners Club spend

Westpac Altitude Black Mastercard (with Altitude Velocity)

80,000

0.75

$250 (MC)
$50 (Velocity Rewards fee)

Uncapped and untiered points earning, Virgin lounge passes

Virgin Australia Velocity Flyer Card

Up to 75,000

0.66 (0.5 above $1,500)

$64 (1st year)
$129 (ongoing)

Offset the annual fee with a $129 VA flight voucher every year

American Express Westpac Altitude Platinum Bundle (with Altitude Velocity)

Up to 75,000

0.5 (Mastercard)
1.0 (AMEX)

$150 (MC)
$49 (AMEX)
$50 (Velocity Rewards fee)

Travel insurance, no additional cardholder fee or points capping

Citi Signature with Linked Diners Club Card

Up to 65,000

0.5 (Visa)
1 (Diners Club)

$199 (1st year)
$395 (ongoing)

Bonus points at some Australian merchants, no Diners forex fees

Westpac Altitude Platinum Mastercard (with Altitude Velocity)

60,000

0.5

$150 (MC)
$50 (Velocity Rewards fee)

No points capping or additional cardholder fee, travel insurance

CBA Diamond Awards Mastercard

60,000

0.625

$349

Travel insurance can be activated per-trip, even if paid with another card

St.George Amplify Platinum with Amplify Points

Up to 50,000

0.5

$99

Low annual fee with no cap on earn rate or extra rewards fee

ANZ Rewards Black

50,000

1 (0.5 above $5,000/month)

$375

Get $100 back alongside the sign-up bonus

CBA Platinum Awards Mastercard

50,000

0.5

$249

Per-trip travel insurance, as with the CBA Diamond card

NAB Rewards Signature Card

45,000

0.625

$295

Bonus points on overseas spend + some local purchases

* Velocity Points earned per $1 spent is based on everyday eligible purchases on transactions within Australia. For cards that earn Velocity points via a bank loyalty program ('indirect earn' cards), this figure considers the card's earning rate on spend and its conversion rate to Velocity, to display the equivalent number of Velocity points earned per $1 spent. Some spending categories may also earn more, fewer or no points on each card than the standard earn rate indicated above, such as government transactions, overseas purchases, spend directly with Virgin Australia, etc.

Chris Chamberlin
Chris Chamberlin is a senior journalist with Australian Business Traveller and lives by the motto that a journey of a thousand miles begins with a single step, a great latte, a theatre ticket and a glass of wine!
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