Financial Services Disclaimer The financial services material [on this webpage/in this document/in this email] has been prepared by BOQ Specialist - a division of Bank of Queensland Limited ABN 32 009 656 740 AFSL & Australian Credit Licence no. 244616 and not by Velocity Frequent Flyer (VFF). VFF do not hold an Australian financial services licence to provide financial product advice and do not exercise control over the content [on this webpage/in this document/in this email]. VFF do not take responsibility for any financial product advice contained [on this webpage/in this document/in this email].
The issuer and credit provider of these products and services is BOQ Specialist. Terms and conditions, fees and charges and lending and eligibility criteria apply. You should obtain and consider the product terms and conditions before making any decision about whether to acquire the products. BOQ Specialist reserve the right to cease offering these products at any time without notice.
Any information is of a general nature only. BOQ Specialist have not taken into account your objectives, financial situation, or needs when preparing it. Before acting on this information you should consider if it is appropriate for your situation. BOQ Specialist is not offering financial, tax or legal advice. You should obtain independent financial, tax and legal advice as appropriate.
The credit services material on this webpage has been prepared by the relevant credit licensees as indicted above and not Velocity Frequent Flyer Pty Ltd (VFF) or Virgin Australia (VA). VFF and VA do not hold an Australian Credit Licence and are not the licensee in relation to the credit activity being engaged in by the relevant credit license/credit representative.
To be eligible to receive the choice of 30,000 bonus Velocity Points or 200 Status Credits (each an ‘Exclusive Benefit’), you must (a) be a Velocity Frequent Flyer member, (b) make your selection of the Exclusive Benefit by visiting here between 12:01am (AEST) 12 February 2024 and 11:59pm (AEST) 31 March 2024 (“Promotion Period”) (prior to the card application) and receive a confirmation email to the nominated email address in your Velocity Frequent Flyer account, (c) after receipt of the confirmation email, during the Promotion Period, successfully apply for any card featured on the Velocity Points Earning Credit Card page that has an annual card fee (the American Express Velocity Escape Card is not eligible for this promotion), and (d) be approved for the card applied for during the Promotion Period and meet the minimum spend criteria for the eligible offer associated with the individual card if the application is successful.
The selected Exclusive Benefit will be allocated to your Velocity account within 30 days of receiving the relevant eligible offer associated with the individual card provided by the issuer of the card (Issuer). You are unable to change any Exclusive Benefit once selected and you will only be able to receive one Exclusive Benefit during this promotion. The choice of 30,000 Bonus Velocity Points or 200 Status Credits is offered by Velocity Frequent Flyer and is separate to bonus points or other eligible offers from the Issuers. The choice of Exclusive Benefits is offered to the primary cardholder once. Exclusive Benefit selection must be made prior to any new card application by visiting here. Velocity membership Terms and Conditions apply. Each Exclusive Benefit is subject to further terms and conditions as follows:
30,000 bonus Velocity Points: As long as your Velocity Frequent Flyer account remains active, the 30,000 bonus Velocity Points will be credited to your Velocity Frequent Flyer account in accordance with and subject to the Velocity membership Terms and Conditions.
200 Status Credits: 200 Status Credits will be credited to your Velocity Frequent Flyer account within 30 days of receiving the relevant eligible offer associated with the individual card provided by the issuer of the card. Any Status Credits earned through this Offer are subject to expiry after 12 months from earn. Members who have selected family pooling will have their Status Credits pooled from Contributing Accounts to the Beneficiary account. Velocity members also need to fly on Virgin Australia marketed flights to earn Eligible Sectors in addition to Status Credits to upgrade or maintain a new level of membership, for more information visit here.
1. BOQ Specialist Signature or Platinum Credit Card
To earn and redeem Velocity Points you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, as amended from time to time. Velocity Points are earned in accordance with the BOQ Specialist Velocity Rewards Program Terms and Conditions. Points are earned on Eligible Transactions only. See definition of Eligible Transactions in the BOQ Specialist Velocity Rewards Program Terms and Conditions. Please allow 6-8 weeks after purchase for points to be credited to your Velocity Frequent Flyer account. BOQ Specialist recommends that you seek independent tax advice in respect of the tax consequences (including fringe benefits tax, goods and services tax and income tax) arising from the use of this product or from participating in the Velocity Frequent Flyer program.
2. Earn Rates
The Signature card will earn you 1 Velocity Point for every $1 spent on Eligible Transactions in Australia up to 10,000 Points per month, and 0.5 Points per $1 thereafter and 1.5 Velocity Points for every $1 spent on eligible international transactions.
The Platinum card will earn you 1 Velocity Point for every $2 spent on Eligible Transactions in Australia and 1 Velocity Point for every $1 spent on eligible international transactions.
3. BOQ Specialist card insurances
BOQ Specialist card insurances are underwritten by Chubb Insurance Australia Limited (ABN 23 001 642 020, AFSL No. 239687) (Chubb). BOQ Specialist has entered into master policies for the benefit of cardholders. Terms, conditions, exclusions, limits and eligibility criteria apply to insurances. You should consider the Insurance Terms and Conditions available at boqspecialist.com.au. Make sure you pay special attention to the benefits, eligibility and exclusions. It is particularly important to do this before travelling or purchasing goods as your cover may not be sufficient for your personal circumstances. BOQ Specialist does not guarantee this insurance.
4. Visa Concierge The Visa Concierge is provided by a third party supplier. For details of this service refer to visapremium.com.au.
5. Priority Pass™ Standard Membership One complimentary Priority Pass™ Standard Membership, with lounge visits for the primary cardholder is a special feature of the Signature Card. Signature cardholders will automatically be enrolled for the Priority Pass™ Standard Membership. Please allow for up to 15 working days for your Priority Pass™ card to arrive in the mail. The primary card holder will be entitled to 4 complimentary Priority Pass lounge visits and 4 complimentary guest visits per year (8 complimentary visits in total per calendar year). Any additional visits for yourself or guest will be charged at US$27.00. These additional Priority Pass visits for yourself or guests will be debited from your card account.
This fee will also be charged from the second guest onwards, where more than one guests accompanies you to a lounge. Membership is subject to the Conditions of Use available at prioritypass.com.
6. Visa Luxury Hotel Collection Conditions apply, visit visaluxuryhotels.com for more information.
7. BOQ Specialist Everyday Plus account
The BOQ Specialist Everyday Plus account will earn up to 1 Velocity Point for every whole $10 of daily average balance in your account, calculated at the end of each month. To earn and redeem Velocity Points you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, as amended from time to time. Velocity Points will be earned on positive account balances in accordance with the BOQ Specialist Everyday Plus Account Velocity Rewards Program Terms and Conditions. To determine the average daily balance for your account, add the closing balance from each day in the month together, and then divide the total by the number of days in the month. Please allow 6-8 weeks after purchase for points to be credited to your Velocity Frequent Flyer account. BOQ Specialist recommends that you seek independent tax advice in respect of the tax consequences (including fringe benefits tax, goods and services tax and income tax) arising from the use of this product or from participating in the Velocity Frequent Flyer program.
Available for Medical, Dental, Veterinary and Accounting Professionals only.