May's top Virgin Australia Velocity credit card sign-up offers

May's top Virgin Australia Velocity credit card sign-up offers

A single credit card application this May can deliver as many as 100,000 bonus Velocity points when meeting various spending criteria – enough for up to 20 Virgin Australia business class upgrades – so if you're in the market for a new credit card, take a look at this month's hottest deals.

Spanning cards issued by American Express, ANZ, Bank of Melbourne, BankSA, NAB, St.George, Virgin Money and Westpac, here are May 2019's most rewarding personal Velocity credit card sign-up offers.

1. American Express Westpac Altitude Black Bundle

The two-card American Express Westpac Altitude Black Bundle now features a new 'Altitude Velocity' rewards option providing eligible new cardholders with up to 120,000 bonus Velocity Points, via separate sign-up bonus offers on each card: here's what you need to know.

It starts when you apply for the 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. This provides 80,000 bonus Velocity Points, with the Mastercard carrying a $250 annual fee.

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. This card attracts a separate $199 annual fee, and there's also a $50/year Velocity Rewards fee to pay.

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.

2. St.George Amplify Signature Visa with Amplify Points

Continuing strong with an offer worth up to 100,000 bonus Velocity points, the St.George Amplify Signature Visa with Amplify Points credit card, issued as Visa Signature plastic.

Apply online 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. As Amplify Points can be converted to Velocity at a 2:1 rate, that's a reward of up to 100,000 bonus Virgin Australia Velocity points.

In the first year, there's also a reduced annual card fee of $179, reverting to $279 from the second year onwards, and in return, you can earn the equivalent of 0.75 Velocity points per $1 spent, uncapped, which is further boosted to 0.825 Velocity points per dollar spent via St.George's 'birthday bonus': a 10% boost 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.

The same bonus points offer and reduced first-year annual fee can also be found via 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: which, like St.George, are all backed by Westpac.

3. Virgin Australia Velocity High Flyer Card

Tempting with up to 90,000 bonus Velocity points, Virgin Money's Virgin Australia Velocity High Flyer Card carries not only a podium-placing sign-up bonus for new customers, but also boasts Australia's highest Velocity earning rate for everyday Visa spend.

Get things started by submitting your application 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 $9,000 (min. $3,000 per month).

In return for the card's $289 annual fee, you'll also receive a $129 Virgin Australia flight voucher plus two Virgin Australia lounge passes – and that's every year, not only in the first – as well as one Velocity point per $1 spentup 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

4. Westpac Altitude Black Mastercard, Virgin Australia Velocity Flyer Card, AMEX Westpac Altitude Platinum Bundle

With offers of up to 75,000-80,000 bonus Velocity Points, the Westpac Altitude Black Mastercard, the Virgin Australia Velocity Flyer Card and the American Express Westpac Altitude Platinum Bundle all dish out compelling deals this month: here's the run-down on each offer.

Westpac Altitude Black: Fetch 80,000 bonus Velocity Points when you apply by October 15 2019, choose the 'Altitude Velocity' rewards option and spend $4,000 on eligible purchases within 90 days of card approval using your Westpac Altitude Black Mastercard.

You can also earn 50 Virgin Australia Velocity status credits when you spend a further $6,000 on eligible purchases in the first year (being a total spend of $10,000, including that initial $4,000 outlay). This card carries a $250 annual fee with a $50/year Velocity Rewards fee also payable, taking the yearly cost to $300.

Virgin Money: Looking for a card with a comparable sign-up bonus but a reduced annual fee? The Virgin Australia Velocity Flyer Card could be just the ticket, with an offering of up to 75,000 bonus Velocity points, plus a halved annual fee of just $64 in the first year ($129 ongoing).

That bounty of bonus points can be earned when applying by August 31 2019 and spending at least $1,500 in each statement period for the first three months – delivering 25,000 points in each of those months – for an all-out bounty of 75,000 bonus Velocity points at the end of month three from a cumulative spend of at least $4,500.

More than offsetting the 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.

Spending on this card provides 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 – not as generous as the Velocity High Flyer Card above, but effectively earned for 'free' when the card benefits negate the card's annual charge.

AMEX Westpac Altitude Platinum Bundle: This two-card package also 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

5. CBA Diamond and Platinum Awards, Westpac Altitude Platinum Mastercard, St.George Amplify Platinum Visa with Amplify Points, ANZ Rewards Black

For a serving of up to 50,000-60,000 bonus Velocity points, look to the CBA Diamond Awards Mastercard (60,000 Velocity points), the Westpac Altitude Platinum Mastercard (60,000 bonus Velocity Points via Altitude Velocity), the St.George Amplify Platinum Visa with Amplify Points card (up to 50,000 Velocity points), the ANZ Rewards Black Visa (50,000 bonus points), or the CBA Platinum Awards Mastercard (50,000 Velocity points).

Here's what's on the table with each offer.

Commonwealth Bank's Diamond Awards Mastercard breaks its long-running bonus points drought 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.

There's a $349 annual fee (plus $10/year for an additional cardholder), aside an earn rate worth 0.625 Velocity points per $1 spent (1.25 CBA Awards points 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.

Westpac: As the bank's Altitude Platinum Mastercard is available as a standalone card (sans the American Express Bundle), new cardholders can collect 60,000 bonus Velocity points when applying by October 15 2019, selecting Altitude Velocity as their rewards option, and spending $3,000 on eligible purchases within 90 days of card approval.

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

With St.George, its Amplify Platinum Visa with Amplify Points card promises 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 – for eligible new customers who apply online by October 2 2019 and spend $6,000 on eligible purchases each year for the first two years.

Aside an affordable $99 annual fee, you can also earn 0.5 Velocity points per dollar spent, uncapped: provided as one Amplify Point per $1 spent, converting to Velocity at that 2:1 rate. This offer can also be found on the similar Bank of Melbourne Amplify Platinum Visa with Amplity Points and the BankSA Amplify Platinum Visa with Amplify Points credit cards.

ANZ's offer dangles 100,000 bonus ANZ Reward Points plus $100 back to your new ANZ card when you apply and spend $4,000 on eligible purchases in the first three months.

With a 2:1 conversion rate from ANZ Rewards to Velocity, that's again equal to 50,000 bonus Velocity points. A total annual fee of $375 applies, although it's reduced in 'cost' to $275 in the first year thanks to the included $100 statement credit. Transacting on the card also delivers up to one Velocity point per $1 spent – awarded as two ANZ Reward Points per $1 spent up to $5,000 per month, and one ANZ Reward Point per $1 spent thereafter, being 0.5 Velocity points per dollar spent.

Finally, Commonwealth Bank's other shiny points-earning card, the CBA Platinum Awards Mastercard, is offering 100,000 bonus CBA Awards points – 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.

You'll pay $249 in annual fees (plus an extra $10/year charge for an additional cardholder), with an 'everyday' earning rate equal to 0.5 Velocity points per $1 spent (1 CBA Award point with a 2:1 conversion to Velocity), capped at 150,000 CBA Award points (75,000 Velocity points) per calendar year.

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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