Many AFF members already know that credit card sign-up bonuses are one of the quickest and cheapest ways to earn lots of frequent flyer points. By taking advantage of a great sign-up bonus offer, you could already earn up to 200,000 Velocity points with a single credit card application!

But it gets even better. Until 31 March 2024, Velocity Frequent Flyer members can register for an additional “Exclusive Benefit” when applying for a co-branded Velocity credit card.

With this offer, Velocity members can choose between the following Exclusive Benefits:

• 30,000 bonus Velocity points, or
• 200 Virgin Australia status credits.

200 status credits is almost enough to reach Velocity Silver status. To get Silver, you would need to earn 250 status credits and 2 eligible Virgin Australia flight sectors.

If you’re chasing or want to renew Velocity Frequent Flyer status, the 200 status credits could be a very attractive offer. But if you don’t need status credits, 30,000 bonus points is also a great deal.

How to get your “Exclusive Benefit”

After registering for this offer and choosing your preferred reward on the Velocity Frequent Flyer website, you would need to then apply for an eligible credit card that earns Velocity points and has an annual fee by 31 March 2024.

Co-brand credit cards that earn Velocity Frequent Flyer points directly are eligible. However, cards that earn bank reward points which are transferrable to Velocity points are not eligible for this offer. The American Express Velocity Escape card, which has no annual fee, is also ineligible.

Here is a full list of the credit cards eligible for this promotion:

All of these credit cards are also currently offering individual sign-up bonus points. These range from 10,000 bonus Velocity points (with the BOQ Specialist Platinum card) up to 200,000 points (with an Amex Velocity Business card). You’ll receive those regular bonus Velocity points in addition to your Exclusive Benefit.

This means that you could earn up to 230,000 bonus Velocity points (or 200,000 Velocity points + 200 status credits) by registering for this offer and applying for an American Express Velocity Business card by 31 March 2024!

Or, earn up to 150,000 Velocity points by applying for a Westpac Altitude Velocity Black personal credit card.

To receive the Exclusive Reward, you would also need to meet the minimum spend criteria for earning the regular bonus points being offered by the card issuer. You’ll receive the Exclusive Reward within 30 days of receiving the bonus points associated with the bank’s individual card offer.

Note that most banks will not award bonus points to existing cardholders, or if you have held another credit card with the same bank in the previous 12 months (or 18 months for American Express). If you are not eligible for the individual bonus points offer that comes with the card, you also wouldn’t receive the Exclusive Benefit.

Velocity Frequent Flyer last ran a similar promotion from mid-February until late March 2023.

Matt Graham

The editor of Australian Frequent Flyer, Matt's passion for travel has taken him to over 90 countries… with the help of frequent flyer points, of course!
Matt's favourite destinations (so far) are Germany, Brazil & Kazakhstan. His interests include aviation, economics & foreign languages, and he has a soft spot for good food and red wine.

You can connect with Matt by posting on the Australian Frequent Flyer community forum and tagging @AFF Editor.