Credit cards are one of the most popular ways to earn frequent flyer points. Depending on your expenditure, you could earn many thousands of points each year from credit card spend. So, it’s worth seeking a credit card that allows you to maximise your point-earning potential.
If you’re looking to collect Virgin Australia Velocity points for your credit card spend, there are a few co-branded Velocity Frequent Flyer credit cards offered by American Express and Virgin Money.
You can also transfer points from most Australian credit card reward programs to Virgin Australia Velocity. Flybuys points too can be converted to Velocity points, with 2000 Flybuys points worth 870 Velocity points. (If you’re transferring points from a credit card or Flybuys, be sure to look out for the 15% bonus Velocity points on offer in May and November every year!)
Looking to maximise the Velocity points earned from your credit card spend? We’ve compiled a list of the top-earning credit cards in Australia for Velocity Frequent Flyer points in 2019.
We’ve ranked each credit card based on the number of Velocity points you’ll earn per dollar on regular transactions, followed by cards with the least-restrictive earning caps and finally the lowest annual fees. Some of these cards earn points with credit card or other loyalty programs, but these points are transferrable to Velocity Frequent Flyer. Where this is the case, we’ve listed the equivalent Velocity earn rate per dollar.
Unfortunately, many credit cards on the Australian market cap the number of points that can be earned each month at the full rate. Once this threshold is reached, some cards will award points for any remaining spend during that month at a reduced rate. There are even some cards with a fixed maximum number of points that may be earned each month. If you’re a high spender, it’s worth looking for a card that doesn’t have any earning cap.
So, which are the best Velocity point credit cards? Without further ado, here is our list of the top credit cards for earning Velocity points in 2019:
|Card||Loyalty program||Annual fee||Velocity points per $1||Cap on full earn rate|
|Diners Club (in World MasterCard combo)||Diners Club Rewards||$299||2||–|
|Amex Velocity Platinum||Velocity Frequent Flyer||$375||1.25||–|
|Amex Platinum||Amex Membership Rewards (Ascent Premium)||$1,450||1.125||–|
|Diners Club||Diners Club Rewards||$212||1||–|
|Amex Explorer||Amex Membership Rewards (Gateway)||$395||1||–|
|Westpac Altitude Black Amex (with MasterCard bundle)||Altitude Rewards||$449||1||–|
|Virgin Money Velocity High Flyer||Velocity Frequent Flyer||$289||1||$8,000/month|
|ANZ Rewards Black||ANZ Rewards||$375||1||$5,000/month|
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Frequent Flyer Solutions has an entire training course on Credit Cards. This course will teach you about maximising your credit card points and help you to choose the credit card that’s right for you.
Disclaimer: This article is not intended as financial advice. Consider your personal circumstances before applying for any type of credit.