The top Velocity Point earning Credit Cards for 2026

A Velocity Point earning Credit Card with a strong credit card sign-up bonus can be the ticket to your next reward flight faster than almost anything else.

But with annual fees ranging from under $100 to nearly $500, variable earn rates, lounge perks and fee waivers, it’s not always obvious which card actually gives the best value beyond the initial bonus.

In this episode of the Point Hacks Podcast, Brandon and I compare seven Velocity-earning credit cards, ranked from highest to lowest annual fee, and clearly break down the points and perks you can unlock with each card.

Watch the full episode below, or listen on your favourite podcast app.

How to choose a Velocity Point earning Credit Card

As I say in the podcast, this is not financial advice! Choosing the right card depends on your personal travel goals and spending habits. Here are some things to consider:

• Annual fee vs return: A high fee only makes sense if the value you get back outweighs the cost. Look for high bonus points, perks such as lounge access and a high earn rate on everyday spend.
• Earn rates and caps: Cards can have variable per-dollar earn rates across different spending. Look at where and how you’ll earn most points and whether any caps align with your actual spend.
• Card perks: Many of the cards on this list come with complimentary travel insurance but always make sure to read the PDS to make sure the cover is right for you.

Further Reading & Helpful Links

The cards discussed in this episode were products available in early February 2026 and may be subject to change. Keep up with the latest card offers and bonus point opportunities by bookmarking our Velocity Point earning Credit Cards page.
Interested in Qantas too? You can find our updated list of Qantas Point earning Credit Cards here.
Check out our beginners guide to Velocity Frequent Flyer if you’re new to collecting points.
In this episode we also answered a listener question about how to redeem a complimentary Virgin Australia flight with the American Express Velocity Platinum Card. Read our guide on how it works.

American Express Velocity Platinum

Find Out More & Apply

Read the guide

Sign-up Bonus:

Up to 100,000 bonus Velocity Points¹

Rewards Earn Rate:

1.25 Velocity Points earned per $1 on all eligible spend except for government bodies⁵. 2.25 Velocity Points per $1 spent on selected Virgin Australia purchases⁵. 0.5 Velocity Points per $1 on Government spend⁵

Annual Fee:

$440 p.a.

Offer expires

30 April 2026

The American Express Velocity Platinum Card has 70,000 bonus Velocity Points on offer for new American Express Card Members who apply, are approved and spend $5,000 on eligible purchases within the first 3 months of approval, plus an additional 30,000 Velocity Points when you spend a minimum of $1 on your Card within 90 days of paying your second year annual Card Fee¹. (Offer ends 30 April 2026. New Amex Card Members only. T&Cs apply.) Includes several perks such as Virgin Australia Lounge Access² every time you fly domestically with Virgin Australia, 2 VA Guest Lounge Passes³ each year and a Complimentary Domestic Return Virgin Australia Flight⁷.

Where to Watch & Listen

For the full experience, including additional tips and footage from our adventures, you can watch Point Hacks on our YouTube channel. We also publish our key takeaways on Instagram and TikTok.

Prefer to listen? The Point Hacks Podcast is available on your favourite podcasting app including Spotify, Apple Podcasts, Podbean and iHeartRadio.