Top Virgin Australia Velocity credit card sign-up deals for September

Top Virgin Australia Velocity credit card sign-up deals for September

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 deals, which place almost 900,000 bonus Velocity points on the table, with Australia's largest sign-up offer generating up to 205,000 Velocity points from a single card application!

Without further delay, here are the top five personal credit card sign-up offers currently available in the market, spanning American Express, Citibank, Virgin Money and Westpac, along with a few other deals you might also like to know about from ANZ, St. George and Westpac.

1. Citi Prestige Visa Infinite + optional Linked Diners Club Card

Surging into first place this month is Citibank's Citi Prestige Credit Card – which now optionally comes with a Linked Diners Club Card as well – with that combination delivering up to 205,000 bonus Velocity points (at Citibank Rewards' current transfer rates): here's how it works.

With or without the Linked Diners Club Card, eligible new Citi Prestige customers could qualify for up to 400,000 bonus Citibank Rewards points when applying by March 31 2019: delivered as 20,000 bonus points per month over 20 months, where at least $1,000 is spent on purchases in each statement period.

In addition, if you chose to request the Linked Diners Club Card as part of your application, you can earn a further 10,000 bonus Citibank Rewards points after your first Linked Diners Club Card spend within 90 days of approval. Maximise both offers and that's an overall bounty of up to 410,000 Citibank Rewards points, equal to a hefty 205,000 bonus Velocity points at the program's current 2:1 conversion rate for Prestige cardholders.

A $700 annual fee applies, although there's no extra charge for holding the Linked Diners Club Card alongside, which also comes with no international transaction fees on overseas spend and an uncapped earn rate of 2 Citibank Rewards points (=1 Velocity point) per $1 spent on eligible purchases.

Spending on the Visa earns points at varying rates of between 1-3 Citibank Rewards points (=0.5-1.5 Velocity points) per $1 spent on eligible purchases, but just take note that no points are awarded on government or government-related transactions on either card (such as on payments to the ATO).

2. Citi Rewards Signature Visa + optional Linked Diners Club Card

Tempting with deals worth up to 155,000 bonus Velocity points, the Citi Rewards Signature Visa credit card with the new optional Linked Diners Club Card.

Again, with or without the Linked Diners Club Card, Signature-grade customers can earn 15,000 bonus Citibank Rewards points per month for the first 20 months, when applying by March 31 2019 and spending $1,000 or more in each statement period, providing up to 300,000 bonus Citibank Rewards points.

Request the Linked Diners Club Card during the application process and spend on it within 90 days of approval to earn a further 10,000 bonus Citibank Rewards points, giving eligible new customers up to 310,000 bonus Citibank Rewards points overall, currently equal to 155,000 Virgin Australia Velocity points when converted at a 2:1 rate.

There's also currently a reduced annual fee of $195 in the first year, and in future years, you'd pay either $197.50 where $48,000 is spent in the prior year, otherwise, the fee is $395. There's again no extra fee for holding the Linked Diners Club Card, which provides the same earning rate (2 Citibank points per $1) and benefits (e.g. no international transaction fees) as offered to Prestige cardholders.

As for the Visa Signature card, you can earn 1-2 Citibank Rewards points (0.5-1 Velocity points) per $1 spent on eligible purchases, excluding things like government and government-related payments.

3. Citi Rewards Platinum Visa + optional Linked Diners Club Card

Citibank takes out the entire podium this month with a dual of offers worth up to 84,000 bonus Velocity points, via the bank's Citi Rewards Platinum Visa with the optional Linked Diners Club Card.

For starters, eligible new customers who apply for the Citi Rewards Platinum card (with or without the Linked Diners Club Card) by March 31 2019 can take home 10,000 bonus Citibank Rewards points per month in each of the first 20 months when spending at least $1,000 per statement period: that's up to 200,000 bonus Citibank Rewards points at the conclusion of the deal.

Once more, requesting that Linked Diners Club Card during the application process when applying by the same date provides a further 10,000 bonus Citibank Rewards points after your first Linked Diners Club Card spend within 90 days of approval, for a grand haul of up to 210,000 bonus Citibank Rewards points.

For Platinum Rewards cardholders, Citibank applies a differing 2.5:1 conversion rate to Velocity, making that treasure trove of Citibank Rewards points worth up to 84,000 bonus Velocity points at the current conversion rate.

Apply by March 31 2019 and you'll pay an annual fee of just $49 in the first year, and then in future years, can enjoy a reduced fee of $74.50 when you spend $24,000 in the previous year – or $149 if you don't. The fee remains the same whether or not you request the Linked Diners Club Card.

You'll also get 2 Citibank Rewards points (=0.8 Velocity points, following a 2.5:1 conversion) on all Linked Diners Club Card spend, again with no international transaction fees; 1 Citibank Rewards point (=0.4 Velocity points) per $1 spent on eligible international purchases using the Visa; and 1 Citibank Rewards point per $1 spent on eligible domestic Visa transactions up to $10,000 per statement period.

4. AMEX Platinum Charge Card, Virgin Australia Velocity High Flyer Card

Not far behind and each with offers equal to 80,000 bonus Velocity points, the personal American Express Platinum Charge Card, and the Virgin Australia Velocity High Flyer Card issued by Virgin Money.

With AMEX, eligible new customers who apply and spend $3,000 per month within the first three months can earn 80,000 bonus Membership Rewards Ascent Premium points, equal to 80,000 Velocity points when converted at a 1:1 rate.

There's a hefty $1,450 annual fee to pay, but in return, you can also earn up to three Velocity points per dollar spent (such as at many AMEX-accepting restaurants in Australia), although insurance, utility and government payments provide a lower 0.5 Velocity points per $1 spent.

Over at Virgin Money, when you apply by January 31 2019, you could take home 18,000 bonus Velocity points per month in each of the first five months where at least $3,000 is spent on the card every month: up to 80,000 bonus Velocity points at the end of month five.

In return for its $289 annual fee, the Virgin Australia Velocity High Flyer Card also provides an earn rate of one Velocity point per $1 spent on eligible purchases up to $8,000/month, reverting to 0.5/$1 thereafter, and also includes a $129 Virgin Australia gift voucher each year plus two Virgin Australia lounge passes to help offset that yearly charge.

5. American Express Westpac Altitude Black Bundle, ANZ Rewards Black, Virgin Australia Velocity Flyer Card

Take home a bonus equal to 60,000 Velocity points through the American Express Westpac Altitude Black Bundle, ANZ's Rewards Black Visa, or Virgin Money's Virgin Australia Velocity Flyer Card.

With Westpac, that card bundle provides you with both a Westpac Altitude Black Mastercard (issued and serviced by Westpac), and an American Express Westpac Altitude Black Card (issued and serviced by American Express), and each card comes with its own sign-up bonus points offer.

For starters, when you apply for the bundle by November 27 2018, opt for the Altitude Rewards program and spend $3,000 on eligible purchases within 90 days of card approval using the Altitude Black Mastercard, you can earn 80,000 bonus Altitude Rewards points, equal to 40,000 Velocity points when converted at today's 2:1 rate (and by Velocity Auto-Redemption from November 9). This card carries a $250 annual fee.

You can also nab 40,000 bonus Altitude Rewards points (worth 20,000 Velocity points under the same basis) when spending $3,000 on eligible purchases within the same 90-day period using the American Express Westpac Altitude Black Card, giving you up to 60,000 bonus Velocity points overall if completing both offers. While this AMEX card usually attracts its own annual fee of $199, that fee is currently waived in the first year when you apply by November 27 2018.

Through today's Altitude Rewards program, spending on the American Express Westpac Altitude Black Card also provides the equivalent of 2.5 Velocity points per A$1 spent on purchases in foreign currency; 0.5 Velocity points per $1 spent on government payments in Australia; and 1.5 Velocity points per $1 spent everywhere else: while the Altitude Black Mastercard features an earn rate equal to 0.625 Velocity points per $1 spent (with some exceptions such as ATO payments).

Also read: Keeping your Westpac Altitude Rewards credit card points flowing in from November

Over at ANZ, the bank's latest offer serves up 120,000 bonus ANZ Reward Points and $100 back to your new ANZ Rewards Black card when you apply and spend $7,500 on eligible purchases in the first three months.

When converted from ANZ Rewards to Velocity at a 2:1 rate, that bounty is equal to 60,000 bonus Velocity points. There's a Total Annual Fee of $375 – reduced in 'cost' in the first year, of course, after taking into account the $100 back on your statement – and through the bank's rewards scheme, you can earn up to one Velocity point per $1 spent.

That's achieved by accruing two ANZ Reward Points per $1 spent on eligible purchases (up to and including $5,000 per month), providing one Velocity point per $1 spent after conversion, then one ANZ Reward Point per $1 spent on eligible purchases above $5,000 per statement period, equal to 0.5 Velocity points per $1 spent, uncapped.

Otherwise, Virgin Money's Virgin Australia Velocity Flyer Card is currently offering 20,000 bonus Velocity points in each of the first three months for customers who apply by January 31 2019 and spend at least $1,500 in each statement period, totalling 60,000 bonus Velocity points at the end of the third month.

There's also a reduced annual fee of just $64 in the first year ($129 ongoing): great value given the card includes a $129 Virgin Australia flight voucher every year, including year one. Spending on the card also 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.


Among the many other personal credit card offers floating around right now, there's also:

50,000 bonus Velocity points on offer via the St. George Amplify Signature Visa with Amplify Points (apply online by October 31 2018, spend $4,000 on eligible purchases in the first 90 days to earn 100,000 bonus Amplify Points, pay a reduced annual fee of $179 in the first year, and convert those Amplify Points to Velocity at a 2:1 rate);

40,000 bonus Velocity points with ANZ's Rewards Travel Adventures Visa (apply and spend $500 on eligible purchases in the first 3 months of card approval, with the card also including a free return Virgin Australia domestic flight every year, lounge access, and no international transaction fees);

Up to 37,500 bonus Velocity points via the American Express Westpac Altitude Platinum Bundle (apply by November 27 2018, choose Altitude Rewards and spend $3,000 on purchases using the Altitude Platinum Visa within 90 days of card approval to earn the equivalent of 30,000 bonus Velocity points, and also spend $3,000 on purchases using the American Express Westpac Altitude Platinum Card within the same time frames to earn the equivalent of 7,500 bonus Velocity points, awarded via the Altitude Rewards program, and with no annual fee to pay in the first year on either card when applying by November 27 2018.

37,500 bonus Velocity points from the ANZ Rewards Platinum Visa (apply and spend $5,000 on eligible purchases in the first three months to earn 75,000 bonus ANZ reward points – equal to 37,500 Velocity points when converted at a 2:1 rate – with a total annual fee of $95 and an earn rate worth up to 0.75 Velocity points per $1 spent.

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!
 

4 comments

  • elchriss0

    elchriss0

    21 Sep, 2018 09:19 am

    Funny how 5/6 of those top ones are with the most restrictive card issuer in the country when it comes to what counts as an eligible transaction for earning points
    No member give thanks

  • Chris Chamberlin

    ChrisCh

    21 Sep, 2018 09:29 am

    Given the context of the article, the rankings here are by sign-up bonus, not the card's ability (or inability) to earn points on government transactions.
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  • blueturkey

    blueturkey

    21 Sep, 2018 09:27 am

    ANZ Rewards Travel Adventures Card?

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  • Chris Chamberlin

    ChrisCh

    21 Sep, 2018 09:37 am

    Hi blueturkey, we publish these articles once per month and the rankings are put together at the beginning of each month. As we already publish monthly updates across all card issuers mentioned, we don't also update the same articles throughout the month when new offers are introduced: that's what the monthly updates are for.

    Having said that, and as we've explained on the website before, it's also our policy not to list offers that banks choose to make available exclusively via specific channels as opposed to the standard application page on their own website, or to AusBT readers.
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Guest

26 May, 2019 10:11 am

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