Compare Velocity Points Credit Cards

These cards earn Virgin Australia Velocity Points rather than Qantas Points, so what they are worth depends on Virgin's network and reward seat availability as much as on the earn rate. Most cap the higher earn rate at a monthly spend threshold, and government payments, BPAY and cash advances usually earn nothing. Purchase rates here start at 21.99% p.a. with Virgin Money's Virgin Australia Velocity Flyer Credit Card.

Rates checked against every provider’s own published data on 19 Oct 2026

Last updated 19 Oct 2026 · Who wrote this

Written by Joshua PevyReviewed by Jordan PearceLast updated 19 Oct 2026How We Rank This PageEditorial StandardsOur Writers

Comparing 4 products

		Actions
Virgin Money	Purchase rate21.99%	Compare Virgin Money Virgin Australia Velocity Flyer Credit Card	Intro 0% for 24 months on balance transfersFeatures: Rewards	Go places faster with our award-winning Virgin Australia Velocity Flyer credit card. Turn your everyday spend into flights, accommodation and more. The sky's the limit.
Westpac	Purchase rate23.98%	Compare Westpac Altitude Velocity Black	Features: Rewards	Our premier Velocity credit card gets you our highest Velocity Points earn rate as well as complimentary airport lounge access, seat upgrades, insurances and concierge.
Westpac	Purchase rate23.98%	Compare Westpac Altitude Velocity Platinum	Features: Rewards	Earn Velocity Points directly into your Velocity Frequent Flyer account and enjoy Platinum credit card benefits.
Virgin Money	Purchase rate21.99%	Compare Virgin Money Virgin Australia Velocity High Flyer Credit Card	Intro 0% for 12 months on balance transfersFeatures: Rewards	If you love to travel, the Virgin Australia Velocity High Flyer Card is for you. Earn Velocity Points on your everyday spend, plus enjoy exclusive flight benefits and a range of complimentary…

Rates and fees are sourced from each provider’s CDR Product Reference Data where the provider publishes it.

Important information

About this table: we publish this table so you can research credit products, by bringing together in one place the banking data lenders publish under the Consumer Data Right. Using that data, we have tried to show products that match this table’s title. This table does not compare all products, and there may be products with a lower rate in the market that are not shown here. Do your own research to find a product that suits your needs and financial goals. See how we choose products for tables like this.

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What to compare on

Velocity sign-up bonus
The bonus points on offer and the spend needed to earn them.
Velocity earn rate
Velocity Points earned per dollar on everyday spending.
Low-fee Velocity cards
Earns Velocity Points with a smaller annual fee.

Earning Velocity Points with a credit card

A Velocity Points credit card earns points into Virgin Australia’s Velocity Frequent Flyer program on your spending, either directly or through a bank program you transfer to Velocity. For Virgin flyers, it turns everyday purchases into flights and rewards.

Velocity cards frequently lead with a sign-up bonus for meeting a minimum spend early on. The ongoing earn rate and any bonus categories matter more over time, since the bonus is one-off while the earn rate determines long-term points.

Annual fees and points caps

Faster-earning Velocity cards tend to charge higher annual fees and may cap monthly points. The fee and cap sit against the points realistically earned and the value of a Velocity reward to the cardholder. Interest on a carried balance quickly outweighs points.

How Velocity points cards compare

The sign-up bonus, ongoing earn rate, annual fee and points caps are the four figures that separate them. Cards can be compared side by side, alongside Qantas points cards and the credit cards hub.

Expert view

“Velocity cards live and die on whether the cardholder flies Virgin. Points only have value in a program that gets redeemed, and the ongoing rate and annual fee outlast the bonus. As with any rewards card, it only stacks up when the balance is cleared every month.”

Jordan Pearce

Senior finance writer, CompareThat

Glossary

The key terms you’ll meet when comparing these products, reading product disclosures or talking to a provider.

Term	What it means
Annual fee	The yearly fee for holding the card, sometimes waived in the first year or reduced for higher spend.
Balance transfer	Moving debt from one card to another, often at a low or 0% introductory rate for a set period.
Earn rate	How many reward points you earn per dollar spent, which can vary by spend category.
Foreign transaction fee	A fee, often around 3%, on purchases made overseas or in a foreign currency.
Interest-free days	A period (often up to 44 or 55 days) where purchases attract no interest, provided you pay the closing balance in full.
Minimum repayment	The smallest amount you must pay each statement period to keep the account in order; paying only this means interest accrues.
Points cap	A limit on points earned at the standard rate within a period, after which earning may reduce or stop.
Purchase rate	The interest rate charged on purchases that aren’t paid off by the due date.
Rewards points	Points earned on spending that can be redeemed for flights, gift cards, cashback or merchandise.
Sign-up bonus	A one-off batch of bonus Velocity Points for opening a card and meeting a minimum spend within a set time.
Velocity Frequent Flyer	Virgin Australia’s loyalty program, where Velocity Points are earned and redeemed for flights and rewards.

Common questions

How do I earn Velocity Points with a credit card?

Either with a card that earns directly into Velocity Frequent Flyer, or with a bank rewards card whose points transfer to Velocity. Both earn on everyday spending.

How much are Velocity sign-up bonuses worth?

A large bonus can be valuable if you’ll meet the minimum spend without overspending and pay in full. The ongoing earn rate decides the value after the first year.

Why are some Velocity cards’ annual fees high?

Higher fees fund faster earn rates and perks. Whether that’s worthwhile depends on your spending and how you value Velocity Points.

Is Velocity Points earning capped?

Some cards cap points earned at the standard rate each month, after which the rate may drop. High spenders feel this most.

Do Velocity Points expire?

Velocity Points expire 24 months after your last eligible earn, redemption or transfer in. Family pooling and family transfers only extend the date by about a month. The current Velocity program terms set out the detail.

The Numbers Behind This Market

What this market is paying or charging on average right now, and the official figures behind it.

Why you can trust CompareThat

We are not a lender, broker or bank. Product data comes straight from each provider’s own Consumer Data Right feed (Australia’s official open banking system) and is refreshed daily, so what you see reflects published rates and fees, not a sales pitch.

Not a credit provider: we do not lend, arrange loans or take applications.
Sourced from each provider’s CDR Product Reference Data, refreshed daily.
Payment can change where a product appears, never which products we show.
General information, not credit advice. CompareThat compares; it does not recommend.

Rates and fees are sourced from each provider’s CDR Product Reference Data as of the date shown. They are general information only. Not credit advice. CompareThat is not a credit provider. Payment can change where a product appears, never which products we show.