Velocity Frequent Flyer from Virgin Australia is the second most popular frequent flyer program in Australia, with Velocity Points able to be used with a number of key airline partners including Etihad, Singapore Airlines and Delta.
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.
We’ve updated our list of some of the highest Velocity Points-earning cards on the market after the Amex changes took effect in April 2019, with American Express options earning more than 1 Velocity Point per $, and the Visa / Mastercard options earning over 0.75 Velocity Points per $.
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 / Offer||Visa/MasterCard/Diners Velocity Points earned / $ spent||Points Cap||Annual Fee||Our Guide|
|Diners Club Card + World Mastercard||2 points on Diners|
0.75 points on Mastercard
|BoQ Specialist Signature Visa||1 point domestic|
1.5 points overseas
0.5 points per $ afterwards
|Virgin Money High Flyer Visa ↓||1 point||8,000 points per month|
0.5 point per $ afterwards
|Coles Rewards MasterCard||0.87 points equivalent with transfer from flybuys to Velocity||Transfer is capped at 60,030 Velocity Points per household p.a.||99||→|
|NAB Rewards Signature ↓||0.625 point on general spend|
1.25 point in major dept. stores and hardwares
1.87 points on overseas spend
|NAB Rewards Platinum ↓||0.5 point on general spend|
1 point in major dept. stores and hardwares
1.5 points on overseas spend
|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
How to analyse this list
For all the cards and offers listed on this page we are only touching on the ‘effective earn rate’ – this is when points in the parent bank / credit card rewards program are transferred to Velocity points, and is a way to compare the specific points earn rates for each card across various credit card rewards programs that offer different headline earn rates and transfer rates to frequent flyer programs.
Each card has other benefits too, along with other transfer partners, annual fees and terms and conditions – so be sure to check out the full guide to each card.
There’s also the signup bonus of a card to consider. A large signup bonus may help to offset a lower earn rate on a card, so bear that in mind. It depends how much spend you put through your credit card each month, and how long you keep the card for.
Each card offer, with bonus, fee and other offer information on this page will be up to date at the date of publication, however please note that we update offers over time.
Some current offers for key Velocity Frequent Flyer-earning credit cards
The Virgin High Flyer Visa earns 1 Velocity point per dollar on general spend capped at 8,000 points per month and 0.5 points per dollar once the cap is reached.
The NAB Rewards Signature Visa earns the equivalent of 0.625 Velocity point per dollar on general spend, 1.25 points per dollar in major department and hardware stores, and 1.87 points per dollar on overseas spend with no points cap.
The NAB Rewards Platinum Visa earns the equivalent of 0.5 Velocity Points per dollar on general spend, 1 point in major department and hardware stores, and 1.5 points overseas with no points cap.
The Citi Prestige Mastercard earns the equivalent of 0.5 Velocity point on general spend, 1 Velocity point on petrol, supermarkets and national retailers, and 1.5 point at major restaurants,
hotel chains and major airlines including overseas spend.
The Coles Rewards Mastercard earns the equivalent of 0.87 Velocity Points per dollar, with no points cap. Transfer to Velocity points however is capped at 60,030 Velocity points per household per calendar year. –>
Cards in the table, but not mentioned above
Offers for some of the cards are not mentioned above as they don’t offer a sign up bonus, or we don’t have a guide for them yet.
The focus of this guide is to outline the highest earning Velocity Point credit cards out there – there are many other cards with differing points earn rates and annual fees that are also linked to Velocity Frequent Flyer. Check out the cards table for the list.