100,000 pts Velocity Rewards, worth about $800 as of 18 September 2026. After the $250 first-year fee it nets $550, 16th of 51 bonus cards tracked by BankMate. No end date is published for the offer.
100,000points
70,000 pts in year one, the rest in year two · ≈ $800 in value · $550 after the $250 first-year fee
Earn up to 100,000 bonus Velocity Points - 70,000 bonus Velocity Points in year 1 if you spend $4k+ on eligible purchases within 90 days of new card approval and an extra 30,000 points with $4k+ spend on eligible purchases?
Bonus over time
Sign-up bonus points- Altitude Velocity Platinum
Changes
No changes recorded for this product since tracking began on 10 September 2026.
Fees
- Annual fee
- $250
- Additional cardholder
- Free
- Foreign transaction fee
- 3%
- Late payment fee
- $20
Earning
- Rewards program
- Velocity Rewards
- Base earn rate
- 0.35 Velocity Rewards pts per $
- Everyday spend
- 0.5 pts per $
- Overseas spend
- 0.75 pts per $
Interest
- Purchase rate
- 20.99% p.a.
- Cash advance rate
- 21.99% p.a.
- Interest-free days
- Up to 45
Perks
- Complimentary travel insurance
- Yes
- Purchase protection
- Yes
- Concierge
- No
- Network
- Mastercard
Eligibility
- Minimum income
- $30,000 a year
- Minimum credit limit
- $3,000
- Maximum credit limit
- $50,000
About this product
Earn Velocity Points directly into your Velocity Frequent Flyer account and enjoy Platinum credit card benefits.