Velocity credit cards that earn the highest points

Velocity Frequent Flyer is the loyalty program of Virgin Australia, the second most popular frequent flyer program in Australia. Velocity Points can be used with a number of key airline partners including Virgin Australia, Etihad Airways, Singapore Airlines and United.

Earning Velocity Points from credit card spend is one of the key ways that many Velocity members earn their points – if you happen to put a lot of your day-to-day spend on American Express, Visa or Mastercard, there are some high points earning options out there.

Here is our updated list of some of the highest Velocity Points-earning cards on the market.

We’ve included an overview table so you can assess the cards that are out there, versus those you may have in your wallet. We also include some of the current sign up bonuses for new card applicants.

The highest-earning Velocity Point credit cards

Card / Current Offer	Velocity Point Earn Rate per $1	Points Cap	Annual Fee ($)	Guide
American Express Velocity Platinum ↓	1.25 points on eligible spend 2.25 points with Virgin Australia 0.5 point on spend at government bodies	uncapped	$375	Read Here
American Express Platinum Card ↓	1.125 points on all eligible spend, and 0.5 point on spend at government bodies	uncapped	$1,450	Read Here
American Express Platinum Business Card ↓	1.125 points on all eligible spend, and 0.5 point on spent at government bodies	uncapped	$1,750	Read Here
American Express Velocity Business Card ↓	1 point on general spend 2 points on spend with Virgin Australia	uncapped	$295	Read Here
BoQ Specialist Signature Visa	1 point domestic 1.5 points overseas	10,000 pcm 0.5 points per $ afterwards	$400	Read Here
American Express Explorer ↓	1 point	uncapped	$395	Read Here
American Express Business Explorer ↓	1 point	uncapped	$149	Read Here
Virgin Money High Flyer Visa	1 point	8,000 points per month 0.5 point per $ afterwards	$289	Read Here
Coles Rewards MasterCard	1 Velocity Point equivalent when transferred from flybuys	Transfer is capped at 60,030 Velocity Points per household p.a.	$99	Read Here
St.George Amplify Signature Visa ↓	0.75 point	uncapped	$279	Read Here
American Express Velocity Escape	0.75 point	uncapped	$0	Read Here
Westpac Altitude Black ↓	0.66 points on everyday spend 1 points on international spend 0.33 point on all other eligible spend	$10,000 per month and 0.5 point per $1 afterwards	$250	Read Here
NAB Rewards Signature ↓	0.75 point on general spend 1.5 point with purchases made online with Webjet via NAB Rewards Store or on Webjet.com.au	Up to $15,000 per statement and 0.5 point per $1 afterwards	$295	Read Here
Commonwealth Bank Diamond Awards	0.625 point	1,000,000 p.a.	$349	Read Here
Citi Prestige Mastercard	0.5 point on general spend 1 point on petrol, supermarkets and national retailers 1.5 point at major restaurants, hotel chains and major airlines and overseas spend	uncapped	$700	Read Here
NAB Rewards Platinum ↓	0.5 point on general spend 0.75 points per $1 at eligible Grocery Stores 1 point with purchases made online with Webjet via NAB Rewards Store or on Webjet.com.au	uncapped	$195	Read Here
American Express Platinum Edge ↓	0.5 point on eligible spend including utilities and ATO 1 points on overseas spend 1.5 points at supermarkets and petrol stations	uncapped	$195	Read Here
Commonwealth Bank Business Awards Platinum	0.5 point		$300	n/a

How do I use this list?

The Velocity credit cards table shows you some key info, including:

• ‘direct earn rates’ of credit cards which directly earn Velocity Points on eligible spend, or
• ‘effective earn rates’ of cards which earns points into a flexible rewards program, but later allows transfers to Velocity Frequent Flyer at varying rates

The ‘effective earn rate’ is an important number which standardises the number of Velocity Points you could earn from different flexible rewards programs, after earning rates for spend and transfer rates to Velocity Frequent Flyer are taken into account. Many bank partners transfer to Velocity in this way.

The numbers in this table are already calculated as ‘effective earn rates’, which means you can more easily compare those cards to ‘direct earn’ Velocity Frequent Flyer cards

What do I need to consider in a Velocity co-branded credit card?

In addition to the card’s effective earn rate, you should also consider:

• Any card sign-up bonuses for new users (e.g. ‘100,000 bonus Velocity Points’)
• Unique benefits offered, such as travel insurance or free return flight credits
• Other transfer partners that flexible rewards programs have, apart from Velocity
• Velocity-branded credit card annual fees and overall T&Cs
• Google and Apple Pay capabilities, which are becoming increasingly useful

A large Velocity Points signup bonus might be rewarding enough to help offset a lower earn rate or a higher annual fee on a card, so bear that in mind.

Each card offer and other information on this page should be up to date at the date of publication. However, please note that we update offers over time. If you need more information with comparing different cards, check out our overview table for detailed information on rewards.

What are Velocity’s flexible points program partners?

Velocity Frequent Flyer has many points transfer partners across a wide range of sectors, such as shopping programs, hotels, banks and more. Here, we’ll focus on the bank reward programs. Note that many banks also offer a direct-earn Velocity credit card in tandem with their own rewards cards.

• American Express Membership Rewards: 2 Membership Rewards points equal 1 Velocity Point. Offered across the Platinum Edge, Explorer and Platinum Cards, to name a few.
• NAB Rewards: 2 NAB Rewards points equal 1 Velocity Point. See the NAB Rewards Platinum and the Signature.
• Westpac Altitude: 3 Westpac Altitude points equal 1 Velocity Point. Earn points with the Westpac Altitude Black card.
• Commonwealth Bank Awards: 2.5 to 2 Commbank points equal 1 Velocity Point, depending on the card type. Highest earning rate on the Commbank Ultimate Awards card.
• St.George Amplify: 2 Amplify Points equal 1 Velocity Point. Apart from the St.George Amplify Signature, his program is also offered on BankSA and Bank of Melbourne cards.
• Citi Rewards: The Citi Prestige Mastercard earns Citi Rewards points which can be transferred 2:1 to Velocity.

Current deals for Velocity Frequent Flyer-earning credit cards

American Express Velocity Platinum

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Read the guide

Sign-up Bonus:

60,000 bonus Velocity Points*

Rewards Earn Rate:

1.25 Velocity Points earned per $1 on all eligible spend except for government bodies˜. 2.25 Velocity Points per $1 spent on selected Virgin Australia purchases˜. 0.5 Velocity Points per $1 on Government spend˜

Annual Fee:

$440 p.a.

The American Express Velocity Platinum Card has 60,000 bonus Velocity Points* on offer for new American Express Card Members who apply, are approved and spend $3,000 on eligible purchases within the first 3 months of approval. Includes several perks such as Virgin Australia Lounge Access^ every time you fly domestically with Virgin Australia, 2 VA Guest Lounge Passes⁼ each year and a Complimentary Domestic Return Virgin Australia Flightˢ. Terms, conditions and exclusions apply. New American Express Card Members Only.

American Express Velocity Business

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Sign-up Bonus:

120,000 bonus Velocity Points*

Rewards Earn Rate:

1 Velocity Point per $1 spent on eligible everyday business purchases and 2 Velocity Points per $1 spent with Virgin Australia

Annual Fee:

$249 p.a. and $99 per Employee Card up to 99 cards

Offer expires

13 January 2026

Earn 120,000 bonus Velocity Points when you apply by 13 January 2026, are approved and spend $3,000 on eligible purchases on your new Card within the first 2 months of approval*. (T&Cs apply. Available for new American Express Card Members only.) Access a line of unsecured funding with flexible spending power^, and enjoy two complimentary Virgin lounge passes and complimentary travel insurance. Earn up to 2 Velocity Points per dollar on purchases within Australia. The annual fee is $249 and $99 per Employee Card.

American Express® Platinum Business Card

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Sign-up Bonus:

300,000 Bonus Membership Rewards Points*

Rewards Earn Rate:

Earn 2.25 Membership Rewards points per $1 on all eligible business purchases, except for spend with government bodies, for which you will earn 1 point per $1 spent

Annual Fee:

$1,750 p.a

Offer expires

13 January 2026

Earn 300,000 Bonus Membership Rewards Points* when you apply by 13 January 2026, are approved and spend $12,000 on eligible purchases on your American Express Platinum Business Card in the first 3 months of approval. The Card is aimed at small and medium-size businesses who want to maximise their points earned, as well as business and travel benefits. T&Cs apply. Available for new American Express Card Members only.

American Express Platinum Card

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Sign-up Bonus:

150,000 bonus Membership Rewards Points¹

Rewards Earn Rate:

Earn 2.25 Membership Rewards points per $1 on all eligible purchases, except for spend with government bodies, for which you will earn 1 point per $1 spent

Annual Fee:

$1,450 p.a.

Offer expires

13 January 2026

Enjoy 150,000 bonus Membership Rewards Points¹ when you spend $5,000 on eligible purchases in the first 3 months. (Offer available to new American Express Card Members only. Offer ends 13 January 2026. T&Cs apply.) Unlock premium perks including unlimited airport lounge access, international travel insurance, Amex Hotels and Resorts benefits, up to $400 in Global Dining Credit¹⁰, and a $450 Travel Credit⁵ each year. Earn up to 2.25 Membership Rewards Points per $1 on eligible spend. The annual fee is $1,450.

St.George Amplify Rewards Signature

Offer Currently Not Available

Sign-up Bonus:

Up to 160,000 Amplify Rewards Points

Rewards Earn Rate:

3 Amplify Points per $1 on international spend, 2 Amplify Points per $1 on everyday spend, and 1 Amplify Points per $1 on all other eligible spend up to $10,000 per statement period. Then 0.5 Points per $1 thereafter, uncapped

Annual Fee:

$199 in the first year, $295 p.a. ongoing

St.George is offering up to 160,000 Amplify Rewards Points (equivalent to 80,000 Velocity Points or up to $700 in eGift cards) plus a reduced first-year annual fee for new cardholders of the Amplify Rewards Signature Card. Includes two complimentary airport lounge passes, complimentary insurances and access to Visa Luxury Hotels program.

NAB Rewards Signature

Offer Currently Not Available

Sign-up Bonus:

Up to 110,000 bonus NAB Rewards Points

Rewards Earn Rate:

Earn 1.5 NAB Rewards Points per $1 spent on everyday purchases up to $15,000 per statement period, then 0.5 NAB Rewards Points for every $1 spent, uncapped thereafter

Annual Fee:

$35 monthly fee, which is reversed when you spend $5,000 or more in a statement period.

The NAB Rewards Signature Card is offering up to 110,000 bonus NAB Rewards Points¹ for new cardholders. It’s the highest points-earning card in the NAB Rewards range², with no international transaction fees on eligible purchases. The card also includes a Delayed Flight Lounge Pass, giving you complimentary access to an airport lounge at selected locations if your domestic or international flight is delayed by 60 minutes or more⁴.

Westpac Altitude Rewards Black

Offer Currently Not Available

Sign-up Bonus:

Up to 160,000 bonus Altitude points

Rewards Earn Rate:

3 Altitude Points per $1 on international transactions, 2 Altitude Points per $1 on everyday spend, and 1 Altitude Points per $1 on all other eligible spend up to $10,000 per statement period. Then 0.5 Points per $1 thereafter, uncapped

Annual Fee:

$200 for the first year, $295 p.a.

The Westpac Altitude Rewards Black has up to 160,000 Altitude Points, $0 Foreign Transaction Fee for the first 12 months, plus a reduced first year annual card fee on offer for new cardholders, the points can be redeemed for up to $700 in e-gift cards or transferred to Velocity Frequent Flyer, KrisFlyer or Cathay miles at a 3:1 ratio. The card offers high points earn rates plus ongoing benefits, including Priority Pass lounge invites.

American Express Business Explorer

Offer Currently Not Available

Sign-up Bonus:

50,000 Bonus Membership Rewards Points

Rewards Earn Rate:

Earn 2 Membership Rewards Points per $1 spent on eligible business purchases except government bodies where you will earn 1 point per $1 spent

Annual Fee:

$149 p.a.

American Express is offering 50,000 Bonus Membership Rewards Points for new American Express Card Members who apply for the Business Explorer Credit Card and spend $3,000 on eligible purchases in the first 3 months from approval. Benefits of this card include complimentary American Express lounge access plus a range of insurances and high points earn rates on spend.

American Express Explorer Credit Card

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Sign-up Bonus:

50,000 Bonus Membership Rewards Points¹

Rewards Earn Rate:

Earn 2 Membership Rewards points per $1 on all purchases except government bodies where you will earn 1 point per $1 spent⁶

Annual Fee:

$395 p.a.

Offer expires

3 February 2026

Earn 50,000 Bonus Membership Rewards Points¹ when you apply by 3 February 2026, are approved and spend $4,000 on eligible purchases on your new American Express Explorer® Credit Card within the first 3 months (T&Cs apply. New American Express Card Members only). Enjoy a $400 Annual Travel Credit², complimentary access to The Centurion® Lounges³ in Sydney and Melbourne, Card, Smartphone and International Travel Insurance⁴, for a $395 p.a. annual fee.

NAB Rewards Platinum Card

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Sign-up Bonus:

Up to 100,000 bonus NAB Rewards Points

Rewards Earn Rate:

Earn uncapped points including 1 NAB Rewards Point earned per $1 spend on everyday purchases and 1.5 NAB Rewards Points per $1 at eligible Grocery Stores

Annual Fee:

$195 p.a.

The NAB Rewards Platinum Card is offering up to 100,000 NAB Rewards Points for new cardholders. NAB Rewards allows you to earn flexible points on eligible spend, and offers bonus points at eligible grocery stores and purchases made online with Webjet via the NAB Rewards Store or on Webjet.com.au.

American Express Platinum Edge

Offer Currently Not Available

Rewards Earn Rate:

3 Membership Rewards points earned per $1 spent at major supermarkets and petrol stations. 2 Membership Rewards points earned per $1 on overseas spend. 1 Membership Rewards point per $1 spent everywhere else including ATO, other government charges and utilities

Annual Fee:

$0 in the first year, $195 p.a.

The American Express Platinum Edge Card is offering $0 annual Card Fee (usually $195) in the first year for new Card Members. The card comes with a $200 travel credit each year it is renewed, Smartphone Screen Cover and earns 3 points per $1 at major supermarkets and petrol stations, and 2 points per $1 on overseas spend.

Summing up

The focus of this guide is to outline the highest-earning Velocity Point credit cards out there on a per-dollar basis. The featured cards in our tables tend to have higher earn rates or better sign-up bonuses at the moment, so may work out to be better for you.

But there are still many other Velocity Frequent Flyer-linked cards on the market with varying points earn rates and annual fees. Browse our card overview table for more detailed information. While you’re here, don’t forget to also check the list of best Velocity Frequent Flyer credit cards with great sign-up bonuses.