Key takeaways
- In the 9 areas we compared, Qantas wins 3, Velocity wins 2 and 4 are a dead heat.
- Both schemes are competitive and offer good benefits for regular and occasional flyers.
- Qantas Frequent Flyer has 15.8 million members, while Virgin Australia Velocity has 12 million.
Membership fees
Qantas Frequent Flyer: $99.50 (but it's easy to join for free)
Virgin Velocity: Free
Winner: Draw
While Qantas charges a $99.50 joining fee, there's no reason to pay it - we've rounded up all the different ways you can join for nothing. So this one is a dead heat in practice.
Earning points from flights
Qantas Frequent Flyer: Based on distance, minimum 800 Qantas Points
Virgin Velocity: 5 Velocity Points per $1 spent (dropping to 4 in April 2025)
Winner: Qantas
Qantas wins out here for two reasons: it covers more destinations, and it has a more generous earning structure. Velocity's "earn based on what you spend" means it's harder to take advantage of flight sales - and that will get worse in 2025 when the rate drops.
Earning points from credit cards
Qantas Frequent Flyer: 16 Australian banking card partners
Virgin Velocity: 12 Australian banking card partners
Winner: Qantas
There are lots of good credit cards that earn Velocity Points, but there are more credit cards that earn Qantas Points, which gives you more ways to score bonus points signup deals.
Earning points from supermarket shopping
Qantas Frequent Flyer: 1,000 Qantas Points/2,000 Everyday Rewards points
Virgin Velocity: 1,000 Velocity Points/2,000 Flybuys points
Winner: Draw
There's nothing separating the airlines here. Qantas lets you convert Woolworths Everyday Rewards Points, Velocity lets you convert Coles Flybuys, and the rates are identical. Both supermarkets also regularly run bonus points offers.
"I started with Velocity points as I frequently fly from SYD to LAX and Virgin's service was better than other US airlines. After COVID, Virgin Australia stopped servicing flights to LAX and many other international destinations (using partner airlines instead), so it became apparent I'd get better value from Qantas. I also shop at Woolies as that is the only market near me and it makes sense to pair your grocery with your airline points (Coles with Virgin, Woolies with Qantas). I don't like that Qantas has a lot of other fees beyond the points when you book flights – for instance a recent trip to the US that I paid for with points still cost me $600 in fees for two flights. Also, if you book with Qantas points and the flight is operated by a US-run airline, you will only get one checked bag and there is no way to avoid paying the US$100 bag fee for a second one (both ways). I like Virgin flights domestically and frankly prefer the airline overall to Qantas, but because my options are slightly limited, Qantas rewards ends up being a better program for me."
Earning points elsewhere
Winner: Draw
Both airlines have partnerships that let you earn points when shopping at partner retailers, booking hotel rooms, booking travel, renting cars or paying for insurance. You might be swayed if there's a particular brand you prefer with one airline.
Redeeming points for flights
Qantas Frequent Flyer: Classic Rewards, Points Plus Pay, upgrades
Virgin Velocity: Rewards Seat, Points Plus Pay, upgrades
Winner: Qantas
Getting a rewards seat can be tough, especially if you want Business or First. Finder research shows just 16% of Australians use our points for flights.
Qantas has the edge here because it flies to more destinations, both domestically and internationally, has more airline partners, and offers a wider range of seat classes. Getting a good seat will still require patience and luck.
Redeeming points for other benefits
Qantas Frequent Flyer: What Qantas Points are worth
Virgin Velocity: What Velocity Points are worth
Winner: Draw
If you're not spending points on flights or upgrades, you'll get less value. But there's no major difference in that value between Qantas and Velocity.
Points expiry
Qantas Frequent Flyer: Points expire if there's no activity for 18 months
Virgin Velocity: Points expire if there's no activity for 24 months
Winner: Velocity
With both programs, you can make sure your points don't expire even if you're not flying by earning points through your credit card or through supermarket transfers. However, Virgin definitely has a more generous policy here.
Sharing points
Qantas Frequent Flyer: Family Transfer
Virgin Velocity: Family Pooling
Winner: Velocity
Both Qantas and Virgin let you use your points to book flights for a family member. But Virgin takes the crown here because it lets you earn status from trips booked for other family members - a useful perk if you sometimes travel with your kids.
The final winner: Qantas Frequent Flyer
Scale matters. Qantas' larger fleet and wider range of destinations ultimately means that there are more ways to get stuff from points, which is reflected in the categories above. But it's a competitive race.
Your preference also matters. If you like flying with Virgin better (or have to for work), if you're a loyal Coles shopper, or if the credit card deal you prefer is for Velocity, it's still a solid scheme. My approach? Stay a member of both but focus your earning strategy each year on just one.
More guides on Finder
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Coles iPhone Velocity points hack: Score a free Virgin flight
You could easily score up to 25,000 bonus Velocity Points right now.
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How to earn frequent flyer points with gift cards
Give a present and score points for yourself! But watch out for the pitfalls.
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When do my frequent flyer and rewards points expire?
Discover when your frequent flyer, credit card or supermarket reward points expire and what you can do to keep your account active.
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How to earn Velocity Points with Coles and Flybuys
Use our calculator to see how many Velocity Points you can earn when you shop at Coles, learn how to link your Velocity and Flybuys accounts and discover how to get the most of the rewards partnership here.
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Complete Guide: Earning more Qantas Points with the oneworld Alliance
Want to earn more points with Qantas? Learn about the oneworld Alliance here
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The 2024 guide to Woolworths’ Everyday Rewards program
Find out how to earn Qantas Points at the supermarket or get cash off your next shop with Everyday Rewards.
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Air New Zealand Airpoints frequent flyer program
The Air New Zealand Airpoints Frequent Flyer Program lets you earn Airpoints Dollars which you can redeem for flights, hotels, car rentals, store purchases and more.
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Singapore Airlines Krisflyer Rewards Program
The Singapore Airlines Krisflyer program is a frequent flyer program which is highly ideal for people who travel in and around Asia on a regular basis. It also offers great benefits such as a high rate of return on mileage points.
Ask a question
Checked for a VA rewards flight Sydney to Hong kong Business Class and it was 540,000 points. Same flight same class on Qantas was 60,000.
what gives if points are meant to be roughly of equal value
Hi John,
Thanks for your question.
Where were you calculating how many points were required for the flights? Unfortunately, both the Qantas and Velocity points calculators aren’t entirely accurate as the amount of points you’ll need will vary from specific flights. Instead, when you’re making your booking and select ‘pay with points’, that’ll give you the most accurate indication of how many points you need.
Without knowing the specific routes of the flights it’s difficult to say why you need a different number of points for each flight. It could be because of different stopovers or the cost of the flight.
If you have a query about how many points you’ll need for a specific route, you might like to get in touch with either of frequent flyer programs directly to confirm this information.
Cheers,
Sally
Hello,I have had a citi platinum card on which I have amassed many points which I have attempted to transfer to my qantas frequent flyer account, citi has advised that this is no longer possible and as i earned the majority of these points on a valid scheme I feel that I am being discriminated against. What can I do with my points now? I do not wish to buy anything from stores. Thank you.
John
Hi John,
Thanks for your question.
Just to confirm, which Citi Platinum card do you have?
Unfortunately, if you’re unable to transfer your points to the Qantas program, you’ll only be able to redeem rewards within Citi’s own program. At the moment, the rewards options include gift cards and cash back, merchandise, and travel packages. You can compare your rewards options on the Citi Rewards website.
In the meantime, if you still want to earn Qantas Points on your credit card purchases, you can start comparing Qantas frequent flyer credit cards.
I hope this has helped.
Cheers,
Sally