Need Advice on Choosing a New Velocity Credit Card

tassieeagle on 02/01/2018 - 19:41
Last edited 02/01/2018 - 19:57 by 1 other user

Hi guys, I am after some advice about choosing a new credit card that earns Velocity points.

Currently I am using a NAB visa and Amex card as part of a package I am paying for, that also gives me an offset account and a discount on my home loan rate. I predominantly use the Amex because it did give a good rate (3 points per dollar, now 1) and for the good Amex offers. Nab is suspending Amex next month hence my interest in maybe a new card.

I have looked at the credit card wiki here and am still not sure what to do. I don't really want to pay a yearly fee for a new credit card when I'm already paying for one through NAB, but on the other hand I really like the Amex deals we regularly see, the superior point per dollar rates, and the bonus points on signup (up to 100,000 atm).

I prefer a velocity card as I already have a significant amount of points and are saving them for a potential family holiday to Fiji at the end of the year.

Any advice is much appreciated :)

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  bdl on 02/01/2018 - 19:55

  There's a $0 annual fee Amex Velocity card available if you want a no annual fee option.

  https://www.americanexpress.com/au/content/velocity-rewards-…

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  Priceless Class on 02/01/2018 - 20:06

  +1

  There really isn't much on offer at the moment that combines AMEX and Velocity and bonus points, unless you are willing to pay an annual fee.
  https://www.finder.com.au/credit-cards/american-express-cred…
  https://virginmoney.com.au/credit-card

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  LemonShapedRock on 02/01/2018 - 21:27

  Personally, I think you'll get better value from having a Velocity Earning VISA with one bank and an Velocity Earning AMEX directly with AMEX.

  Think of the double sign up bonuses!

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    serpserpserp on 02/01/2018 - 21:38

    And double the fees?

    • 

      LemonShapedRock on 02/01/2018 - 21:41

      And double the cards to carry?

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      LemonShapedRock on 02/01/2018 - 21:43

      Haha that's me trying to be funny.

      There are ways to easily offset the fees EG;

      AMEX Platinum Edge $195 Fee with $200 Travel Credit
      Virgin Flyer Credit Card $129 Fee with $129 Virgin Travel Credit.

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  tassieeagle on 03/01/2018 - 14:27

  +1

  Thanks for the replies, I might wait a bit and see if any no annual fee Amex come up with a sign up bonus or a better than 1:1 earn

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  mrtin on 07/01/2018 - 20:43

  Same same I would like a substitute velocity amex

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  The Champagne Mile on 08/01/2018 - 10:55

  Note that that there is also an AMEX partner exclusive Amex Velocity deal with 100k points until 29 Jan (https://www.ozbargain.com.au/node/350794). It does come with a $375 annual fee, but you get a return domestic airfare, 2 x Virgin domestic lounge passes and two entries to the AMEX lounge.