With over half one million bonus Velocity factors on the playing cards this month and as much as 120,000 Velocity factors on supply from a single card software, switching to a brand new credit card for your corporation or private spends might assist you to double-down on factors: firstly from that beneficiant sign-up bounty, but in addition from a robust on a regular basis incomes fee for those who select the best card for your wants.
Here are this month’s prime card deals for Velocity factors, as provided on to the general public by American Express, Citibank, Virgin Money, Westpac
Without delay, listed here are the best public sign-up provides at present obtainable out there, from card issuers together with American Express, Citibank, NAB, Virgin Money and Westpac.
1. American Express Platinum Business cost card
Beginning the brand new monetary yr on the prime of the pile, the American Express Platinum Business charge card continues its reign, providing 120,000 bonus Velocity factors by means of the Membership Rewards Ascent Premium program – that is 120,000 bonus Ascent Premium factors, convertible into 120,000 Velocity factors at a 1:1 fee.
That’s out there to eligible new clients who apply by August 29 2018, cost $5,000 of enterprise purchases to the card inside the first three months and pay a $1,500 annual payment – however there is no additional cost so as to add as much as 99 additional cardholders onto the identical account (comparable to spending staff), supplying you with factors on all of your firm’s card purchases.
Businesses also can earn as much as two frequent flyer points per dollar spent (on issues like journey and promoting), however simply notice that all the closing stability on this card must be repaid in full each month, being a ‘cost card’ slightly than a ‘credit card’: however for entrepreneurs on prime of their funds, there is no pre-set spending restrict, so issues like lodge pre-authorisations will not get in your means.
2. AMEX Platinum Charge Card, Virgin Australia Velocity High Flyer Card
You do not have to be a enterprise proprietor to wash up on factors, and that is the place the private AMEX Platinum Charge Card and Virgin Money’s Velocity High Flyer Card are available, with provides of as much as 80,000 bonus Velocity factors.
From American Express, new cardholders have to apply, pay a $1,200 annual charge and spend $three,000 on purchases with the primary three months, unlocking 80,000 Ascent Premium factors (80,000 Velocity factors by way of 1:1 conversion), whereas additionally incomes as much as three Velocity points per dollar spent on purchases, resembling at eating places, cafes and bars.
Virgin Money’s normal public supply of 80,000 bonus Velocity factors is as an alternative just a little totally different, offering 16,000 bonus Velocity points per month for the primary 5 months, if you spend no less than $three,000 on purchases in every month-to-month assertion interval. That’s 80,000 bonus Velocity factors on the finish of month 5, for clients that apply by September 2 2018 and pay a $289 annual charge, whereas incomes as much as one Velocity level per $1 spent.
three. Citi Prestige Visa Infinite credit card
Delivering 75,000 bonus Velocity factors by way of the Citibank Rewards program, the Citi Prestige Visa Infinite credit card takes out the Bronze this month.
For this deal, you’d want to use by July 31 2018, pay a $700 annual charge and spend no less than $three,000 on purchases inside 90 days of card approval to obtain 150,000 bonus Citibank Rewards factors, equal to 75,000 Velocity factors following a 2:1 switch.
However, on most on a regular basis purchases, you’d solely earn the equal of zero.5 Velocity factors per $1 spent (1 Citibank level, changing 2:1 to Velocity), and no factors in any respect on any authorities funds, together with not simply funds to the ATO, but in addition issues like council charges, automotive registration, postal and street tolling fees, and extra.
four. Citi Visa Signature, Westpac Altitude Black AMEX + Visa, Velocity Flyer Visa credit playing cards
Next up with gives of 60,000 bonus Velocity factors, the Citibank Citi Visa Signature credit card, the Westpac Altitude Black American Express + Mastercard combo, and the Virgin Money Virgin Australia Velocity Flyer Visa: the lead-in model of the higher-tier Velocity High Flyer card above.
With Citibank, you possibly can apply by July 31 2018 and spend $three,000 on the card inside 90 days of approval to seize 120,000 bonus Citibank Rewards factors, value 60,000 Velocity points when transferred at a 2:1 price. An annual payment of $395 additionally applies, lowered to $199 within the first yr solely.
The extra reasonably priced Velocity Flyer Visa as an alternative offers 20,000 bonus Velocity factors in every of the primary three months for clients who apply by September 2 2018 and spend at the very least $1,500 in every month-to-month assertion interval, being a complete of 60,000 bonus Velocity points on the finish of the third month from a complete card spend of $four,500, apart an annual payment of only $64 in the first year and $129 ongoing.
Over at Westpac, your bonus factors are damaged up into two chunks: first, as 80,000 bonus Altitude factors (40,000 Velocity points following a 2:1 conversion) if you apply by October 23 2018 and spend $three,000 on eligible purchases utilizing the Altitude Black Mastercard – joined by 40,000 bonus Altitude factors (20,000 Velocity points) after spending a separate $three,000 on the American Express card inside the similar interval.
5. American Express Velocity Platinum Card
Rounding out this month’s deals is a promise of 50,000 bonus Velocity factors on the AMEX Velocity Platinum Card.
For eligible new clients, that is earned whenever you apply, pay a $375 annual payment and spend $three,000 on purchases inside the first three months, with the bonus Velocity factors credited on to your Velocity Frequent Flyer account.
On most on a regular basis purchases, you may also earn 1.5 Velocity points per $1 spent – or a better 2.5/$1 on Virgin Australia flight purchases – and in case you spend $50,000 or extra yearly on purchases, AMEX throws in a bonus 100 Velocity status credits as properly, which might assist retain your present frequent flyer standing or enable you to transfer up the standing ladder even quicker.