In the market for a new credit card that earns Virgin Australia Velocity frequent flyer points?
Then take a look at this month's top credit card sign-up deals from American Express, Citibank, NAB and Virgin Money, which together place over 300,000 Velocity points on the table with as many as 100,000 Velocity points from a single card application.
And don't forget: under recent changes at American Express, existing AMEX customers with AMEX-issued credit cards can now earn bonus points when applying for a new AMEX charge card, and vice versa.
1. American Express Platinum Charge Card
Get your hands on one of the world's most iconic cards – the American Express Platinum Charge Card – to earn up to 100,000 bonus Membership Rewards Ascent Premium points, equal to a solid 100,000 Velocity points when transferred on a 1:1 basis.
Those bonus points are yours after charging at least $1,500 worth of purchases to the card within the first three months, and paying an annual fee of $1,200: partially offset by a $300 Platinum Travel Credit awarded each year which you can spend on flights and hotels, reducing the 'cost' of the card to $900.
Cardholders will also scoop up three points per dollar spent at most Australian restaurants; two points per dollar on most travel-related charges and on all overseas spend; 0.5 point per dollar with utilities, most insurers and on payments to government bodies; and one point per dollar on everything else.
2. American Express Velocity Platinum Card
Can't justify paying $1,200/year for a credit card? Then consider the more affordable yet still-premium American Express Velocity Platinum Card: priced at $349/year and with 50,000 Velocity points on the table for eligible new credit card customers, joined by a free Virgin Australia domestic return flight every year.
As with the Platinum Charge Card, those bonus points are unlocked after spending $1,500 on purchases within the first three months. You'll also collect three Velocity points per dollar spent at most Australian restaurants and on Virgin Australia flight bookings too, without capping or tiering.
Most other travel-related transactions such as payments for hotel stays, bookings with other airlines (cheekily, including Qantas) and all overseas charges net two Velocity points per dollar, while government, insurance and utility payments earn 0.5 Velocity points per dollar and all remaining spend within Australia earns an easy one Velocity point per dollar.
3. NAB Rewards Visa Platinum credit card
NAB's brand new NAB Rewards Visa Platinum credit card makes its debut with a firm offer of 80,000 NAB Rewards points for eligible new customers, equal to 40,000 Velocity points when converted on a 2:1 basis.
You'll also pay no annual fee in the first year (usually $195), and can earn those bonus points when applying by May 31 2017 and spending at least $2,500 on purchases within the first 90 days.
Cardholders also receive the equivalent of 1.5 Velocity points per Aussie dollar spent on all overseas transactions and with Webjet in Australia, one Velocity point per dollar at hardware and department stores (including Bunnings and Myer), and 0.5 Velocity points per dollar spent everywhere else.
4. Virgin Money's Virgin Australia Velocity Flyer Card
Also teasing up to 40,000 Velocity points: the Virgin Australia Velocity Flyer Card which comes priced at $129 per year, including in year one.
Take note: to qualify for this deal you'll need to apply by April 3 2017 and select 'promotional offer 3' during the application process. Then, if you spend at least $1,500 on the card in each of the first four months, you'll earn 10,000 bonus Velocity points in each qualifying month: up to 40,000 Velocity points after month four.
You'll also earn 0.66 Velocity points per dollar spent on amounts of up to $1,500 per monthly statement period and 0.5 Velocity points per dollar spent thereafter, until the next statement begins. Excluded from this are Virgin Australia flight bookings which always earn one Velocity point per dollar spent and don't contribute to that $1,500/month transaction tally.
5. American Express Explorer Card & Citibank's Citi Signature Visa
Tied for fifth place as of March 5 2017, the American Express Explorer Card and the Citi Signature Visa card offered 37,500 Velocity points - although as of March 28 2017, AMEX has doubled its offer. Here's how to earn those points via each product:
- American Express Explorer Card: Apply, spend at least $1,500 on purchases within the first three months and pay an annual fee of $395. That delivers 100,000 Membership Rewards Gateway points, equal to 75,000 Velocity points when converted on a 4:3 basis. A $400/year travel credit every year also more than offsets the cost of the annual charge.
- Citi Signature Visa: Lodge your application by April 30 2017, pay a discounted annual fee of $195 in the first year ($395 thereafter) and make a single purchase within 90 days of card approval to net 75,000 Citibank Rewards points, equal to 37,500 Velocity points via a 2:1 conversion.