With this month's top Virgin Australia Velocity Frequent Flyer credit card offers placing a precise 600,000 bonus Velocity points on the table, now is a very rewarding time to switch to a new credit card: especially if the card you're currently using is now giving you fewer frequent flyer points than before.
A single card application this month can deliver as many as 120,000 bonus Velocity points for business owners or 80,000 bonus Velocity points for personal applicants, so take a peek at November's top credit card deals from American Express, Citibank and Virgin Money, which could bring your points balance within reach of booking your next getaway or upgrade to business class.
1. American Express Platinum business, personal charge cards
Topping the ranks this month with a solid offer of 120,000 bonus Velocity points is the American Express Platinum Business Card, while the personal version of the same card – the American Express Platinum Charge Card – isn't too far behind with 80,000 bonus Velocity points up for grabs.
Business owners could net that higher bonus when applying by January 31 2018 and charging at least $5,000 of everyday business purchases to the card within the first two months, which delivers 120,000 Membership Rewards Ascent Premium points which can be converted onward to Velocity points at a 1:1 rate.
Personal applicants can instead pocket 80,000 bonus Ascent Premium points – equal to 80,000 Velocity points – when applying for the Platinum Charge Card and spending at least $1,500 within the first three months.
Spending on the personal card also delivers up to three Ascent Premium points per dollar spent (that's three Velocity points) at an annual fee of $1,200, while the Platinum Business Card offers up to two Ascent Premium points per dollar spent (two Velocity points) against a $1,500 annual fee.
2. Virgin Money's Virgin Australia Velocity High Flyer Card
Look to Virgin Money's $289/year Velocity High Flyer Visa Signature credit card for a reward of up to 80,000 bonus Velocity points: but rather than being delivered in a lump sum, they'll be credited to your account over a five-month period subject to meeting monthly spending requirements.
In each of the first five months, you can earn 16,000 bonus Velocity points when at least $3,000 has been spent on the card in that month: so make that $15,000 or more spent across five months (at a minimum of $3,000 per month), and you'll get all five instalments of bonus points, taking your haul to a very nice 80,000 points overall.
The card also delivers an attractive one Velocity point per dollar spent up to $8,000 per month and 0.5 Velocity points per dollar spent thereafter, except on all government and government-related payments (such as ATO transactions) on which no points are earned.
A similar offer of 60,000 bonus Velocity points is also available on the standard (non-Black) Virgin Money Velocity Flyer Card, where 20,000 bonus points can be earned in each of the first three months where at least $1,500 is spent in that month, against a $129 annual fee.
3. American Express Business Explorer, Citi Prestige Visa Infinite credit cards
Taking out the bronze is a tie between the American Express Business Explorer Card and the Citi Prestige Visa Infinite credit card, which both offer the equivalent of 75,000 bonus Velocity points to new customers via each card's rewards program.
With AMEX, you can apply for the Business Explorer Card by January 31 2018 and spend at least $3,000 within the first three months to receive 100,000 Membership Rewards Gateway points. These convert to Velocity at a 4:3 rate, making that bonus worth 75,000 Velocity points, while most purchases also earn the equivalent of 1.5 Velocity points per dollar spent, except government payments which attract the equivalent of 0.375 Velocity points per dollar spent.
(Note that the Business Explorer Card is different to the personal AMEX Explorer Card, on which an offer 50,000 Gateway points are currently available, worth 37,500 Velocity points.)
Citibank is instead offering 150,000 Citibank Rewards points on its $700/year Citi Prestige credit card – equal to 75,000 Velocity points when converted at a 2:1 rate – when you apply by January 21 2018 and spend $3,000 on purchases within 90 days of card approval.
However, most everyday purchases within Australia provide just 0.5 Velocity points per dollar spent (one Citibank Rewards point), and while double and triple points can be earned on certain categories of spend, no points at all are awarded on government transactions.
4. Citi Visa Signature credit card
Also delivering Velocity points through the Citibank Rewards program is the Citi Signature credit card, with a reduced $195 annual fee in the first year (normally $395), and an offer of 60,000 bonus Velocity points for eligible new customers.
You can earn those points when applying by January 31 2018, spending at least $3,000 on purchases within the first 90 days and converting the 120,000 Citibank Rewards points you'll get into 60,000 Velocity points, at the same 2:1 conversion as with the Prestige card. Again, most purchases earn 0.5 Velocity points per dollar spent (except government payments on which no points are earned), with double and triple points offered on selected purchases.
5. American Express Velocity Platinum Card
For a more impressive earn rate on your everyday spend, the American Express Velocity Platinum Card churns out 1.5 Velocity points per dollar spent on most purchases (0.5/$1 on government payments), and with 50,000 bonus Velocity points on the side.
Those points can be yours when you apply, pay a $375 annual fee and spend $1,500 on purchases within the first three months. What's more, charging at least $50,000 to your card each year can also unlock 100 bonus Velocity status credits, which may help you climb through Virgin Australia's Silver, Gold or Platinum ranks.
Also included is a complimentary return economy class domestic flight each year with Virgin Australia, two yearly visits to Virgin Australia's domestic lounges and two visits annually to the American Express international lounge in Sydney.