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Velocity points can be redeemed for flights with Virgin Australia's partner airlines

Virgin Australia has plenty of airline partners—Singapore Airlines, Delta Air Lines, and Etihad Airways among others—so you’re not just limited to Virgin Australia flights when redeeming your points. ...

Benefits extend beyond earning points for free flights

Velocity Frequent flyer credit cards usually have complimentary benefits aimed at travellers. Examples include complimentary travel insurance, airport lounge access, travel agency credit vouchers, co…...

Use sign up bonuses to reach your goal faster

Many Velocity Frequent Flyer cards offer substantial first purchase bonus points to new cardholders, in exchange for meeting an achievable spending target in the the first few months of holding the c…...

Annual fees are probably going to be higher

Velocity Frequent flyer credit cards are likely to have a higher annual fee than cards with no rewards points or complimentary benefits. But you can still get a Velocity Frequent Flyer card with a fa…...

Daily spending should cover annual fees and unlock benefits

In some cases the annual fee for a Velocity Frequent Flyer credit card may not be worth paying if you won’t spend enough to recover more than the fee cost by earning points or by making purchases whi…...

There are fees and taxes on award flights

You still have to pay the airline carrier charges and any associated government or airport taxes when booking an award flight. For a long-haul flight this can add as much as $700 to the cost of a ret…...

Caps may limit your opportunity to earn points

Some Velocity Frequent Flyer credit cards have points caps or points earning rate thresholds, meaning the number of points you can accrue would be limited in such cases. ...

Higher interest rates

In most cases, frequent flyer credit cards have very high interest rates payable on balances carried from month to month, unless there is an introductory interest rate in place on balance transfers o…...

Redeeming award seats can be challenging

Award seats can be hard to find because demand exceeds supply on popular routes at peak times. ...

Your mileage may vary when redeeming points

Exchanging Velocity Frequent Flyer points for merchandise, gift cards or movie tickets may see you getting a lower value return than you would by using a standard rewards points credit card. ...

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