This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
I'd like to use my bonus for:
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
I have not checked the waiting period for this bonus.
See the waiting rules for every Australian bank →What must I spend?
$3,000 within 60 days — about $1,500 per month.
Can I get the card?
The minimum credit limit is $6,000. This is the least the bank may let you borrow.
You must earn at least $35,000 a year.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
I do not have an end date for this offer.
Should I keep it after the first year?
Keeping the card costs $149 each year ($149 annual fee) — the first year was $74.
There is no bonus in year two. The fee buys points on your spending, plus the card's perks.
Ongoing earn: 0.66x Velocity points per $1.
Keeping pays off only if the ongoing earn and benefits are worth $149/yr to you.
61,980 Velocity points at 1.7¢ a point − $74 in first-year fees. This is flight value, not cash. It assumes you earn the bonus and pay in full.
This offer has ended. I keep this page so you can check the old terms.
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
Did this help you make a decision?
30,000 points for each month you spend $1,500 or more on eligible purchases in the first 2 months from card approval. 129 Virgin Australia Gift Voucher, each year17,when you make a retail purchase in the 2 months prior to requesting the voucher.
Terms and evidence
Full current terms
Offer terms
Signup Bonus
60,000 points
Velocity
Minimum Spend
$3,000
within 60 days (about 2 months)
Cash Bonus
Ongoing Earn Rate
0.66x points per $1 spent
Fees
First Year Annual Fee
$74
Ongoing Annual Fee
$149
From year 2 onwards
Purchase Interest Rate
21.00% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Benefit history (3 changes)
- Balance Transfer OffersUpdated May 2026
- Points Transfer BenefitsUpdated May 2026
- Digital Wallet IntegrationUpdated May 2026
Offer terms history (9 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 16 Oct 2026
Changes from terms version 8
Changes from terms version 7
Changes from terms version 6
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Expiration changed from 26/06/24 to 02/09/24, Annual Fee from $0 to $742 years ago
- Expiration changed from 14/05/24 to 26/06/24, Annual Fee from $74 to $02 years ago
- Expiration changed from 04/03/24 to 14/05/24, Annual Fee from $0 to $74, Second Year Annual Fee from 129 to 149, Notes from 25,000 points for each month you spend $1,500 or more on eligible purchases in the first 4 months from card approval. $129 Virgin Australia Gift Voucher, each year, when you make a retail purchase in the 2 months prior to requesting the voucher to 30,000 points for each month you spend $1,500 or more on eligible purchases in the first 2 months from card approval. 129 Virgin Australia Gift Voucher, each year17,when you make a retail purchase in the 2 months prior to requesting the voucher.3 years ago
- Annual Fee changed from $64 to $03 years ago
- Expiration changed from 31/01/24 to 04/03/243 years ago
- Expiration changed from 31/10/23 to 31/01/243 years ago
- Bonus lowered from 100k to 60k, spend lowered from $6k to $3k3 years ago
- Offer extended to 31 July 20233 years ago
- Increased annual fee to $129. Increased min spend to $60003 years ago
- Bonus decreased from 100k to 60k4 years ago
- Offer extended to 30th April 20234 years ago
- Offer changed from 60k points, to 100k points if you spend $1.5k every month for 4 months.4 years ago
Discussion
About these ended terms (published 7 Sep 2024) — not the current offer.
Community and personal tools
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