Velocity Flyer Card: Up to 100,000 Velocity Pts (After 4 × $1500 Monthly Spend), Annual Fee $129, $35K Min income
This deal is back, but looks like only for one month. There is two credit cards - Velocity Flyer credit Card ( up to 100k points) and the Velocity High Flyer card (VHF) for up to 120 k points. The Velocity Flyer is the sweetspot as it has lower income and spending citeria and you get your annual fee as a credit towards a flight.
Summary of important points for the cards are - VHF in brackets:
25k bonus Velocity Points per month with $1,500 or higher spend in the first 4 months from card approval (30 k for $3,500 spend per month for 4 mnths)
$129 per year annual fee waived in the first year for Velocity Credit Card only until 31 July 23. ($289 per year no waiver)
$129 travel voucher(virginmoney.com.au) each year (VHF adds two complimentary Virgin lounge passess)
$6k minimum credit limit ( $15k)
Minimum income of $35k ($75k)
The earn rate on the VHF is 1 point per $1 up to $8,000/month and 0.5 beyond that, the Velocity Flyer is just 0.66 points per $1 up to $1,500/month and then 0.5 beyond that.
https://virginmoney.com.au/credit-card/compare-our-credit-cards#accordion--carddetails-79122