Best credit card for Velocity points in Australia: Features, fees, and perks

Velocity Frequent Flyer is the loyalty program of Virgin Australia, letting members earn points on flights and everyday spending. Those points can be redeemed for flights, hotel stays and more, making it a popular choice for Australian travellers.

In this guide, we’ll compare some of the best credit cards for earning Velocity Points in 2025, looking at their features, fees, and perks, all so that you can find the best one for your spending habits and travel goals. You can also learn more about the Wise card, an easy way to stretch your dollars when paying in foreign currencies.

Table of contents
What is a Velocity points earning credit card? What is the best credit card for Velocity points? American Express Velocity Platinum Card Westpac Altitude Velocity Black St George Amplify Rewards Signature Citi Prestige Card ANZ Rewards Platinum Virgin Money Anytime Rewards Credit Card Virgin Australia Velocity Flyer Card Bring the Wise card along on your travels to save on your overseas spending

What is a Velocity points earning credit card?

A Velocity points credit card is a type of credit card that allows you to collect Velocity Frequent Flyer points when you spend. Every time you make an eligible purchase, you’ll earn points at the card’s set earn rate.

The Velocity Points you earn can be redeemed for a range of rewards, including:¹

• Domestic flights (except Christmas Island and Cocos Island)
• Accommodation
• Care hire
• Gift cards
• Retail items

Some cards earn Velocity Points directly, while others earn the provider’s own reward points, which can then be transferred to your Velocity account.

What to consider when choosing a credit card for Velocity points?

Not all Velocity rewards credit cards are created equal, so it’s worth comparing features and costs to find the best fit for your needs. Key points to consider include:

• Earn rate – Check how many Velocity Points you earn per dollar to estimate your potential rewards.
• Sign-up bonus – Review the bonus offer and conditions, and think about how achievable it is for you.
• Annual fee – Weigh the fee against the card’s benefits and the value you’ll get from using it.
• Eligibility – Make sure you meet the provider’s requirements before applying.

Ultimately, the right choice for you will depend on your spending patterns and travel goals.

What is the best credit card for Velocity points?

To help, we’ve curated a list of Velocity rewards credit cards currently available to Australian customers, and compared the key features. Keep in mind the earn rates are for eligible purchases.

Card	Earn Rate	Annual Fee	Additional Perks
American Express Velocity Platinum Card²	2.25 Velocity Points per $1 on Virgin Australia purchases 1.15 Velocity Points per $1 on card purchases 0.5 Velocity Points per $1 on government purchases	$440	Complimentary annual domestic flight Virgin Australia lounge access + 2 guest passes per year Travel insurance Earn bonus Velocity Status Credits Bonus
Westpac Altitude Velocity Black⁴	1.2 Velocity Points per $1 on international spending 0.8 Velocity Points per $1 of everyday spending 0.5 Velocity Points per $1 on other purchases up to $10,000 in a statement cycle, then 0.25 points	$370 total ($295 card fee + $75 Altitude Velocity Rewards Program fee)	Travel insurance Complimentary Economy X seat Upgrade vouchers Complimentary Virgin Domestic lounge passes Digital card available
St George Amplify Rewards Signature	2 Amplify Points can be exchanged for 1 Velocity Point 3 points per $1 on international purchases 2 points per $1 on everyday spending 1 point per $1 on all other spending	Standard fee of $295 Reduced fee of $199 for new customers and $99 for existing customers for first year	Travel insurance 2 free Priority Pass lounge visits per year Bonus Cashback
Citi Prestige Card¹⁰	2 Citi Rewards Points can be exchanged for 1 Velocity Point¹¹ 3 points per $1 on international and domestic spends 2 points per $1 on everyday spending 1 point per $1 on all other spending	$700	Cashback offers Mobile phone insurance Travel insurance 15 free Priority Pass lounge visits per year Discounts on hotels
ANZ Rewards Velocity Platinum¹²	2 ANZ Reward Points can be exchanged for 1 Velocity Point¹³ 1.5 ANZ Reward Points per $1 spent up to $2000 per statement period, then 0.5 ANZ Reward Points for every $1 over $2000	$149	Travel insurance Cashrewards Purchase insurance
Virgin Money Anytime Rewards Credit Card¹⁵	Conversion rate of Virgin Money Points to Velocity Points not clearly disclosed on website	$149	Bonus Points offers Visa Platinum benefits
Virgin Velocity Flyer Credit Card¹⁶	0.66 Velocity Points per $1 up to $1500 per statement period, then 0.5 points per $1 thereafter 1 bonus Velocity Point per $1 spent at Virgin Australia	$149	Complimentary insurance Virgin Australia gift vouchers Cashback offers Visa Platinum benefits

Now, let’s look at each of these cards in more detail.

American Express Velocity Platinum Card

From American Express there's the Velocity Platinum Credit card, where you can earn varying amounts of points from card purchases, purchases at Australian government bodies and purchases within Virgin Australia.

• Annual fee - $440
• Interest rate - 24.99% pa
• Minimum credit limit - $3000³
• Minimum repayment - Greater of 2.5% or $30

You can get up to 60,000 Velocity Points as a sign-up bonus when $3000 is spent on eligible purchases within the first 3 months. If you’re considering the card, here’s some of the pros and cons.

Pros	Cons
Receive a free Virgin Australia domestic flight each year with just one card spend Higher points earn rate on everyday spending Earn up to 100 Velocity Status Credits per year	Higher annual fee at $440 pa Higher interest rate than other options

Westpac Altitude Velocity Black

The Westpac Altitude Velocity Black is their top tier Velocity credit card, offering the highest earn rate at Westpac, as well as perks like seat upgrades, travel insurance and lounge access.

• Annual fee - $295 + $75 = $370
• Interest rate - 20.99% pa
• Minimum credit limit - $6000
• Minimum repayment - Greater of 2% or $10⁵

You can also get up to 90,000 Velocity Points when $6000 is spent on eligible purchases within 120 days of approval plus an additional 30,000 bonus points after first eligible purchase in year 2. Here’s some of the pros and cons of having a Westpac Altitude Velocity Black card.

Pros	Cons
Multiple travel perks available Has a digital card and is compatible with virtual wallets Can be managed within the Westpac App	Fees might seem high in relation to the earn rate, compared to other choices

St George Amplify Rewards Signature

With the St George Amplify Rewards credit cards you can earn Amplify Points then convert those to Velocity Points, with 2 Amplify Points being exchanged for 1 Velocity Point.⁶

• Annual fee - $295
• Interest rate - 20.99% pa
• Minimum credit limit - $15,000⁹
• Minimum repayment - Greater of 2% or $10

You can get up to 130,000 Amplify Points in year 1 when $12,000 is spent on eligible purchases as a bonus and an additional 50,000 points after first eligible purchase in year 2. These are some of the pros and cons of the St George Signature credit card.

Pros	Cons
Comes with travel perks that aren’t limited to a single airline Discounts on the first annual card fee Points can be converted to other rewards systems as well	Have to take extra steps to convert the Amplify Points to Velocity Points Minimum to convert is 3000 Amplify Points and it must be done in lots of 500 above that

Citi Prestige Card

Using a City Prestige Card, you can earn Velocity Points by exchanging the Citi Rewards Points at a rate of 2 Citi Points for 1 Velocity Point.¹¹ You can also get up to 200,000 bonus Velocity points when you spend $12,000 on eligible purchases within 3 months of approval.

• Annual fee¹⁰ - $700
• Interest rate - 22.49% pa
• Minimum credit limit - $20,000

If you’re thinking about applying for the card, here’s some of the pros and cons.

Pros	Cons
Points can be converted to other rewards systems as well By enrolling in Points Autosweep you can get up to 250,000 bonus Velocity Points	Spending requirement may make it difficult to activate the sign-up bonus High annual fee at $700 pa

ANZ Rewards Platinum

With an ANZ Reward Platinum credit card, you can earn Velocity Points by exchanging ANZ Reward points, receiving 1 Velocity Point for every 2 ANZ Reward Points.¹³

• Annual fee¹¹ - $149
• Interest rate - 20.99% pa
• Minimum credit limit - $6000
• Minimum repayment - 2%¹⁴

If you’re considering the card, here’s some of the pros and cons.

Pros	Cons
Lower annual fee Possible to set-up autoredemption for Velocity Points Points can be converted to other rewards systems as well	May have to take extra steps to convert the ANZ Rewards Points to Velocity Points

Virgin Money Anytime Rewards Credit Card

Offered by another Virgin brand, Virgin Money, the Anytime Rewards Card allows you to earn 1 Virgin Money Point for every $1 you spend, with no caps.¹⁵ These can then be converted to Velocity Points.

At the moment, the card has two options for the sign up bonus. The first is the Virgin Money Points offer, included in the comparison table. The other is an expansion of the balance transfer benefits, offering 0% interest pa for 24 months.

• Annual fee - $149
• Interest rate - 19.99% pa
• Balance transfer rate - 0% pa for 12 months
• Minimum credit limit - $6000

Here’s some of the pros and cons of having the card.

Pros	Cons
0% interest for 12 months with balance transfers Points can be converted to other rewards systems as well Able to earn bonus points through Red Hot Partner offers	The conversion rate to Velocity Points isn’t immediately clear, and extra steps are needed to do it No or lounge perks

Virgin Australia Velocity Flyer Card

Also from Virgin Money is the Velocity Flyer Credit Card, which enables you to earn Velocity Points rather than Virgin Money Points. It also comes with additional airline perks in the form of an annual Virgin Australia Gift Voucher worth $129.¹⁶

Like the Virgin Money Anytime Rewards Card, the Velocity Flyer Credit Card has two sign up bonus options. The first is for points, as in the table, the second is for 0% interest pa for 24 months on balance transfers.

• Annual fee - $149
• Interest rate - 20.74% pa
• Balance transfer rate - 0% pa for 12 months
• Minimum credit limit - $6000

Here are some of the pros and cons of choosing this Velocity Points card.

Pros	Cons
0% interest for 12 months with balance transfers Comes with annual complimentary travel vouchers when conditions are met Opportunities to get cash back	No lounge perks or complimentary travel insurance Points earn rate is lower than other options

Bring the Wise card along on your travels to save on your overseas spending

Once you’ve figured out how to best earn your Velocity points, figure out how to spend when you’re abroad. Credit cards often have high foreign transaction fees and unfavourable exchange rates. The Wise card is a simple way to save up to 7x when you're spending internationally. You can spend in 150+ countries at mid-market rate — basically the rate you see on Google. With no foreign transaction fees and low, transparent pricing, Wise usually gives you the best value for your money.

Simply create a Wise account for free, order a card and top-up AUD to get started. Having a physical Wise card allows you to make chip and pin payments, as well as make some free ATM withdrawals each month for when you're abroad. You can get digital cards and add to your Google or Apple Pay wallet for instant use. Spend directly with the Wise account in AUD and let auto-conversion do the trick or convert in advance to your desired currency. You can hold and exchange 40+ currencies in your Wise account and spend the currencies you hold for free.

Wherever your travel takes you, the Wise card makes spending money abroad cheaper and easier.

🚀 Get your Wise card

---

This general advice does not take into account your objectives, financial circumstances or needs and you should consider if it is appropriate for you. Savings claim based on our rates vs. selected Australian banks and other similar providers in Jan 2025. To learn more please visit https://income-climb.live/au/compare%3C/a%3E%3C/p%3E

Please see Terms of Use and product availability for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.

---

Sources:

1. Velocity Frequent Flyer - What can I get with my Velocity Points?
2. American Express - Velocity Platinum Card
3. American Express - Key Facts Sheet
4. Westpac - Altitude Velocity Black
5. Westpac - Key Facts
6. Velocity Frequently Flyer - St George
7. St George - Upcoming Changes
8. St George - Amplify Rewards Signature
9. St George - Key Facts
10. Citi - Prestige Credit Card Velocity Offer
11. Citi - Rewards
12. ANZ - ANZ Rewards Platinum credit card
13. ANZ - Rewards
14. ANZ - Credit Cards
15. Virgin Money - Anytime Rewards Card
16. Virgin Money - Velocity Flyer Credit Card