Highest Earning Velocity Points Credit Cards

Compare the highest-earning Velocity Points credit cards that can be used with partner airlines like Virgin, Etihad, Singapore and United.

By   |   Verified by David Boyd   |   Updated 14 Jun 2024

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Comparing highest earning Velocity Points credit cards

American Express Velocity Platinum Credit Card

Rewards program

Velocity Frequent Flyer

Points per $1 spent

1.25 points

Sign up bonus

60,000 points

Annual fee

$375.00 p.a. ongoing

Highlights

  • Get 60,000 bonus Velocity Points upon applying by 26 June 2024, getting approved, and making $3,000 in eligible purchases with your new Card within the initial 3 months. Offer valid for new Amex Card Members exclusively.
  • Receive a complimentary Virgin Australia return Economy domestic flight between specified cities annually following your first Card spend each year.
  • Benefit from 2 complimentary Virgin Australia lounge passes each year at selected domestic airports.

Pros

  • Receive 60,000 bonus Velocity Points when you meet the criteria.
  • Complimentary Virgin Australia return Economy domestic flight between selected cities each year after your first Card spend each anniversary year.
  • Enjoy 2 complimentary Virgin Australia lounge passes each anniversary year at selected domestic airports.
  • Receive 100 Velocity Frequent Flyer Status Credits, when you spend a minimum of $50,000 within your card membership year.
  • Complimentary domestic and international travel insurance.
  • Get the Amex Experiences App to access information on Platinum benefits, travel offers, events and recommended merchants.
  • Add up to 4 additional cardholders for free.

Cons

  • The interest rates applied to balances carried over is on the high end.
  • There is no balance transfer offer on this card.
American Express Platinum Card

Apply by 25 June 2024

American Express Platinum Card

Rewards program

Membership Rewards

Points per $1 spent

2.25 points

Sign up bonus

150,000 points

Annual fee

$1,450.00 p.a. ongoing

Highlights

  • Acquire 150,000 Bonus Membership Rewards Points by applying before 25 June 2024, getting approved, and spending $5,000 on your new Card within the initial 3 months. T&Cs apply. Exclusive to New Amex Card Members.
  • Utilize a $450 Platinum Travel Credit annually for flight, hotel, or car rental bookings.
  • Indulge in up to $400 per calendar year when dining at a curated selection of over 1,400 hand-picked restaurants, both domestically and internationally. Terms and Conditions apply.

Pros

  • Receive 150,000 Bonus Membership Rewards Points when you meet the criteria.
  • Receive a $450 Platinum Travel Credit each year.
  • Enjoy up to $400 Global Dining Credit per calendar year.
  • Access to more than 1,400 lounges globally, including The Centurion® Lounge.
  • Get the Amex Experiences App to access information on Platinum benefits, travel offers, events and recommended merchants.

Cons

  • The annual fee of $1,450.
American Express Platinum Business Card

Rewards program

Membership Rewards

Points per $1 spent

2.25 points

Sign up bonus

350,000 points

Annual fee

$1,750.00 p.a. ongoing

Highlights

  • Obtain 350,000 bonus Membership Rewards points by applying before 25 June 2024, getting approved, and spending $12,000 on your card within the initial 3 months. Exclusive to New American Express Card Members.
  • Earn up to 2.25 pts per $1 spent.
  • Enjoy exclusive Platinum travel, experience, and dining privileges.

Pros

  • The offer of 350,000 bonus Membership Rewards points when you meet the criteria.
  • Earn up to 2.25 pts per $1 spent and 1 point per $1 spent at the ATO.
  • Access to more than 1,400 lounges globally, including The Centurion® Lounge.
  • Gold status match at Marriott Bonvoy, Hilton Honors, and Premium status at Radisson Hotel Group.
  • Get the Amex Experiences App to access information on Platinum benefits, travel offers, events and recommended merchants.

Cons

  • The annual fee of $1,750 p.a.
  • Since this is a charge card, the balance must be cleared every statement.
  • No balance transfer facility.
American Express Velocity Business Charge Card

Rewards program

Velocity Frequent Flyer

Points per $1 spent

1 point

Sign up bonus

100,000 points

Annual fee

$249.00 p.a. ongoing

Highlights

  • Get 100,000 Bonus Velocity Points upon applying by 27 August 2024, getting approval, and fulfilling the minimum spending requirement of $3,000 within 2 months of approval. Offer valid for New American Express Card Members exclusively.
  • Accumulate 2 points for every $1 spent on Virgin Australia services and up to 1 point per $1 spent on other transactions. Earn 0.5 points per $1 on ATO and government expenditures.
  • Benefit from 2 complimentary single-entry passes to the Virgin Australia Lounge at chosen domestic airports annually.

Pros

  • Receive 100,000 bonus Velocity Points when you meet the criteria.
  • Earn up to 2 Velocity Points per $1 spent.
  • No pre-set spending limit and up to 51 days to pay for purchases.

Cons

  • The annual fee of $249 p.a.
  • Each employee card costs $99.
American Express Explorer Credit Card

Rewards program

Membership Rewards

Points per $1 spent

2 points

Sign up bonus

50,000 points

Annual fee

$395.00 p.a. ongoing

Highlights

  • Obtain 50,000 Bonus Membership Rewards Points upon application approval and spending $4,000 on your new Card within the initial 3 months. T&Cs apply. Exclusive to New Amex Card Members.
  • Enjoy a $400 Travel Credit annually for flights, hotels, and car rentals when booked online using this card.
  • Benefit from complimentary domestic and international travel insurance coverage.

Pros

  • The 50,000 bonus Membership Rewards Points when approved and reach spend requirement within the first 3 months.
  • Receive a $400 travel credit every year.
  • Earn 2 Membership Rewards points per $1 spent on purchases except for government bodies in Australia where you will earn 1 point per $1 spent (uncapped).
  • Get two complimentary entries per year to The Centurion® Lounge.

Cons

  • The $395 p.a. annual fee.
American Express Business Explorer Credit Card

Rewards program

Membership Rewards

Points per $1 spent

2 points

Sign up bonus

N/A

Annual fee

$0.00 for 1st year

Highlights

  • Experience $0 Annual Card Fee (usually $149) in the first year when applying by July 23, 2024, and getting approved for the American Express® Business Explorer Credit Card. T&C’s apply. Exclusive to New American Express Card Members.
  • Benefit from two American Express Lounge passes per year at Sydney and Melbourne airports.
  • Receive Complimentary Travel Insurance when paying for your return trip with your Card.

Pros

  • $0 annual fee on the first year.
  • Earn up to 2 points per $1 spent.
  • No fee for up to 99 employee cards.
  • Up to 55 interest-free days.

Cons

  • Annual fee reverts to $149 after the initial year.
  • There is no balance transfer offer for this card.
  • Cash advances are blocked, which might be inconvenient for some.
Virgin Australia Velocity High Flyer Credit Card

On website

Rewards program

Velocity Frequent Flyer

Points per $1 spent

1 point

Sign up bonus

80,000 points

Annual fee

$329.00 p.a. ongoing

Highlights

  • Up to 80,000 bonus Velocity Points upon spending $3,500 on eligible purchases within 4 months of card approval. Terms and conditions apply.
  • 0% p.a. interest for 12 months on balance transfers (no balance transfer fee applies). Reverts to cash advance rate of 20.99% p.a.
  • Receive an exclusive $129 Virgin Australia Gift Voucher annually. Terms and Conditions apply.

Pros

  • Earn up to 80,000 bonus Velocity Points when you meet the criteria.
  • Earn 1 Velocity Point per $1 spent on eligible transactions up to $8,000 and 0.5 points per $1 on spending thereafter.
  • Two single entry passes for Virgin Australia domestic lounges every year.
  • Flight voucher worth $129 each year.
  • Comes with International Travel Insurance and Extended Warranty Service.
  • Works with Apple Pay and Samsung Pay.

Cons

  • The ongoing annual fee of $329 p.a.
  • Earn rate is tiered, although the base tier is enough for more people.
  • Only up to 44 interest-free days on purchases.
  • There's an annual fee per additional card.
Coles Rewards Mastercard

On website

Apply by 30 June 2024

Coles Rewards Mastercard

Rewards program

flybuys

Points per $1 spent

2 points

Sign up bonus

50,000 points

Annual fee

$99.00 p.a. ongoing

Highlights

  • Receive 50,000 Flybuys bonus points upon spending $3,000 or more on eligible purchases within 90 days of approval. Terms and Conditions apply.
  • Earn 2 points per $1 on eligible spend—this is in addition to the regular Flybuys Points earned from other partners.
  • Pay $0 in international transaction fees for purchases made online or overseas.

Pros

  • Get 50,000 Flybuys bonus points when you meet the criteria.
  • Collect 2 points per $1 on eligible spend – that’s on top of the usual flybuys points from other partners.
  • Access to the Coles concierge service.

Cons

  • The annual fee of $99 p.a.
  • No international travel insurance.
St.George Amplify Signature Credit Card (Amplify)

On website

Apply by 31 July 2024

St.George Amplify Signature Credit Card (Amplify)

Rewards program

Amplify Rewards

Points per $1 spent

1.5 points

Sign up bonus

150,000 points

Annual fee

$199.00 for 1st year

Highlights

  • Up to 150,000 Bonus Amplify Rewards Points earned upon spending $12,000 on eligible purchases within the first 12 months from card approval.
  • Initial card fee of $199 for the first year ($295 p.a. thereafter).
  • 0% p.a. interest for 24 months on balance transfers with a 1% balance transfer fee applied to transferred amounts.
  • Comes with complimentary overseas travel insurance coverage for up to 6 months.

Pros

  • The 150,000 bonus Amplify Rewards Points.
  • Save $96 with the $199 card fee for the first year.
  • Enjoy 2 complimentary Priority Pass lounge visits each year when you enroll in Priority Pass.
  • Comes with concierge services.

Cons

  • After the initial year, the annual fee is $295 p.a.
  • There is a 1% balance transfer fee.
American Express Velocity Escape Card

Rewards program

Velocity Frequent Flyer

Points per $1 spent

0.75 points

Sign up bonus

N/A

Annual fee

$0.00 p.a. ongoing

Highlights

  • Acquire Velocity Points while benefiting from a $0 annual card fee.
  • Points accrued on your card seamlessly transfer to your Velocity account monthly and are redeemable for various rewards such as flights, lodging, car rentals, gift cards, and beyond.
  • Earn 0.75 Velocity Points per $1 spent, except for transactions with Australian government entities, where you'll earn 0.5 Velocity Points per $1 spent.

Pros

  • No annual fee, but still earn points.
  • Earn 1.75 Velocity Points per $1 spent on purchases with Virgin Australia.
  • Get 0.5 points per $1 when paying tax to the ATO using the card.
  • 55 days interest-free on purchases when the previous balance has been cleared in full.

Cons

  • Doesn't come with complimentary travel insurance.
  • No complimentary lounge access.
  • No access to the concierge service.
  • There is no balance transfer offer for this card.
NAB Rewards Signature Credit Card

On website

Rewards program

NAB Rewards

Points per $1 spent

1.25 points

Sign up bonus

120,000 points

Annual fee

$145.00 for 1st year

Highlights

  • Earn up to 160,000 bonus Points. Obtain 120,000 bonus points upon spending $3,000 within the initial 60 days from the account approval date and an additional 40,000 bonus points upon maintaining your card open for over 12 months. Terms and conditions apply.
  • Benefit from a reduced annual card fee of $145 p.a. for your first year (reverts to $295 p.a. thereafter).
  • Accrue 2.5 points on purchases made in major department and hardware stores.
  • Gain 1.25 points for every $1 spent on everyday purchases.

Pros

  • Earn up to 160,000 bonus NAB Rewards Points when you meet the criteria.
  • The discounted $145 annual fee on the first year.
  • 0% p.a. on balance transfers for 12 months.
  • Includes international travel insurance.

Cons

  • Only 44 interest-free days.
  • There is a 3% balance transfer fee.
NAB Rewards Platinum Credit Card

On website

Rewards program

NAB Rewards

Points per $1 spent

1 point

Sign up bonus

80,000 points

Annual fee

$45.00 for 1st year

Highlights

  • Earn up to 100,000 bonus points. Obtain 80,000 bonus points upon spending $1,000 in the initial 60 days from account approval date and an additional 20,000 bonus points upon maintaining your card open for over 12 months. Terms and conditions apply.
  • Benefit from a reduced first-year annual fee of $45 p.a. instead of $195 p.a. (saving you $150).
  • Accrue 2 points on purchases made at Webjet. 1 point on all other spend.

Pros

  • Earn 100,000 bonus Points when you meet the criteria.
  • The reduced first-year annual fee of $45 p.a.
  • No earning points cap.
  • Comes with complimentary insurances including international travel insurance

Cons

  • There is a 3% balance transfer fee.
American Express Platinum Edge Credit Card

Rewards program

Membership Rewards

Points per $1 spent

1 point

Sign up bonus

N/A

Annual fee

$0.00 for 1st year

Highlights

  • No annual fee in the initial year, saving you $195.
  • Accrue 3 Membership Rewards points for every $1 spent at major supermarkets and petrol stations.
  • Access $200 allocated for annual travel expenses, applicable towards eligible flights, hotels, or car rentals when booked through American Express Travel.

Pros

  • $0 annual fee in the first year, saving you $195.
  • Receive $200 to spend on eligible domestic and international flights, hotels, or car hire with American Express Travel.
  • Smartphone Screen Cover for smartphone screen repairs up to $500.

Cons

  • The ongoing purchase rate of 23.99%.
Commonwealth Bank Business Platinum Awards Credit Card

On website

Rewards program

Commonwealth Bank Awards

Points per $1 spent

1 point

Sign up bonus

N/A

Annual fee

$300.00 p.a. ongoing

Highlights

  • Opt for either CommBank Awards points or Qantas Points (an annual fee of $30 applies).
  • Earn 1 Awards Point or 0.4 Qantas Points per dollar spent with your CommBank Awards Mastercard.
  • Get access to a unique collection of entertainment experiences and offers exclusively for Mastercard.

Pros

  • Earn up to 300,000 points a year. Terms and Conditions apply.
  • Transfer your earned points to other travel programs.
  • Includes Transit Accident Insurance and Unauthorised Transaction Insurance.

Cons

  • High annual fee.
  • The additional cardholder fee is $75.

Westpac Altitude Black Credit Card (Altitude)

On website

Rewards program

Altitude Rewards

Points per $1 spent

1.25 points

Sign up bonus

100,000 points

Annual fee

$150.00 for 1st year

Highlights

  • Earn up to 150,000 bonus Altitude Points. Receive 100,000 Altitude bonus points by spending $6,000 on eligible purchases within 120 days of card approval. Additionally, get 50,000 points after your first eligible purchase in year 2. Exclusions apply.
  • Initial $150 p.a. annual fee ($295 p.a. thereafter), applicable to new cardholders only.
  • Earn 6 Altitude points per $1 on Qantas, Jetstar, Singapore Airlines, and Emirates flights bought in Australia, subject to eligibility criteria.

Pros

  • Earn up to 150,000 bonus Altitude Points when you meet the criteria.
  • Additional savings with the $150 first-year annual fee ($295 p.a. thereafter).
  • Earn 1.25 points per $1 spent on eligible purchases
  • Get 2 complimentary lounge passes each year with Priority Pass.

Cons

  • The high annual fee of $295 p.a. after the initial year.

Velocity Frequent Flyer is Virgin Australia's loyalty program, the second most popular frequent flyer program in Australia. Velocity Points can be redeemed with several key airline partners, including Virgin Australia, Etihad Airways, Singapore Airlines, and United.

Earning Velocity Points from credit card spending is a primary method for many members. If you frequently use American Express, Visa, or Mastercard for your day-to-day expenses, numerous high points-earning options are available.

How to use our highest earning comparison table

The Velocity Frequent Flyer credit cards comparison table provides key information, including:

  • Direct earn rates with cards that directly earn Velocity Points on eligible spending.
  • Effective earn rates with cards that earn points in a flexible rewards program, allowing transfers to Velocity Frequent Flyer at varying rates.

Many bank partners, such as ANZ, offer reward points that can be transferred to Velocity Frequent Flyer. The ‘effective earn rate’ standardises the number of Velocity Points you can earn from different flexible rewards programs, accounting for spend rates and transfer rates to Velocity Frequent Flyer. Many bank partners transfer points to Velocity in this way.

What to consider in a Velocity co-branded credit card

In addition to the card’s effective earn rate, consider the following:

  • Sign-up bonuses: Look for sign-up bonus offers such as ‘100,000 bonus Velocity Points.’
  • Unique benefits: Check for travel insurance or free return flight credits.
  • Other transfer partners: Consider the other transfer partners of flexible rewards programs, apart from Velocity.
  • Annual fees and terms: Review the annual fees and overall terms and conditions.
  • Mobile payment capabilities: Ensure the card supports Google and Apple Pay.

A large Velocity Points sign-up bonus might offset a lower earn rate or higher annual fee, so keep that in mind.

What are Velocity’s flexible points program partners?

Velocity Frequent Flyer has many points transfer partners across various sectors, such as shopping programs, hotels, and banks. Many partner banks also offer direct-earn Velocity credit cards alongside their rewards cards.

  • American Express Membership Rewards: 2 Membership Rewards points equal 1 Velocity Point. Available with the Platinum Edge, Explorer, and Platinum Cards.
  • NAB Rewards: 2 NAB Rewards points equal 1 Velocity Point. Available with NAB Rewards Platinum and Signature cards.
  • Westpac Altitude: 3 Westpac Altitude points equal 1 Velocity Point. Available with the Westpac Altitude Black card.
  • Commonwealth Bank Awards: 2.5 to 2 CommBank points equal 1 Velocity Point, depending on the card. Highest earning rate on the CommBank Ultimate Awards card.
  • St.George Amplify: 2 Amplify Points equal 1 Velocity Point. Available with St.George Amplify Signature, BankSA, and Bank of Melbourne cards.
  • Citi Rewards: The Citi Prestige Mastercard earns Citi Rewards points that can be transferred 2:1 to Velocity.