Velocity Frequent Flyer Program
The second-most popular airline loyalty program in Australia is run by Virgin Australia.
Like Qantas Frequent Flyer, there are plenty of ways to earn points and not just through credit cards.
You can convert Flybuys points to Velocity, meaning your shopping at Coles and Kmart can help get you up in the air, as well as topping up petrol or buying coffee at Coles Express outlets.
You can also earn points on hotel stays, car hire and insurance policies among other things.
Velocity offers great-value redemptions when it comes to domestic flights, but at the time of writing it lacks an international airline partner which you can use Velocity points to fly on.
Since a 2020 restructure, Virgin Australia has also sold off its long-haul international planes, meaning points redemptions to far-away places like Los Angeles and Tokyo are some time away from returning.
However, if you do a lot of domestic flying and like the Virgin Australia offering, you can get more bang for your points than with Qantas.
How many Velocity points can you earn with a business credit card?
With the right business credit card, you can earn up to 1.125 Velocity points per dollar spent through pay.com.au on all your business expenses, ATO tax payments, employee superannuation payments and more.
For some credit cards, points are automatically credited to your nominated Velocity account around the time your statement is sent out each month.
Other cards let you earn points in the currency of a bank’s own rewards program and then transfer them to your Velocity account when you choose.
Which business credit cards earn the most Velocity points?
Business credit cards that can earn Velocity points include the American Express Platinum Business card (1.125 points per dollar on general spend), the American Express Velocity Business card (1 point per dollar on general spend), the American Express Business Explorer card (1 point per dollar on general spend), the American Express Gold Business card (0.75 points per dollar on general spend), the NAB Rewards Business Signature VISA card (0.62 points per dollar on general spend) and the Westpac Altitude Business Platinum card (0.33 points per dollar on general domestic spend).
What is a Velocity point worth?
That depends on what kind of travel you want to do.
But in many cases on domestic Australian routes, Velocity points are more valuable than Qantas Frequent Flyer points.
A one-way Business Class flight from Sydney to Melbourne will set you back 15,500 points (versus 18,400 points with Qantas) and a one-way Business Class flight from Brisbane to Perth costs 35,500 points (versus 41,500 points with Qantas).
Do Velocity points expire?
But it is very easy to keep your points collection intact.
Velocity points never expire as long as you earn or use points at least once every 24 months.
How do you sign up for a Velocity account?
Joining Velocity is free and easy.
Simply head to the Velocity website.