Gift card value
Ended — kept for reference
$250 in Coles gift cards · 60,000 Velocity points · spend $3,500 in 90 days
I'd like to use my bonus for:
$250 in Coles gift cards (53,590 of 62,625 Velocity points; 9,035 left over) − $149 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
These terms ended and are kept for reference.
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.
- Gift-card rates are the recorded redemption catalogue, rechecked at renewal.
Did this help you make a decision?
Can I get this?
This is a public offer.
Can I get this bonus if I have held a card before?
The bonus holding rule for this offer is unverified. Check the offer terms before applying.
See exclusion periods for every Australian issuer →What must I spend?
$3,500 within 90 days — about $1,167 per month. The terms on this page don't record when the clock starts or how long the bonus takes to arrive after you qualify — check the issuer terms for both.
Can I get the card?
$6,000 minimum credit limit — a lending commitment, not a reward fact.
No minimum income recorded — this does not mean there is none.
Lending approval is separate from bonus eligibility: approval gets you the card, the conditions above get you the bonus.
How long is this available?
No recorded end date — this does not mean it never ends. Availability is rechecked against the issuer page.
Should I keep it after the first year?
Renewal costs $149 each year ($149 annual fee) — first year was $149.
Second year pays 20,000 Velocity points if you still hold the card into year two. The recorded terms don't detail the exact second spend hurdle — check the issuer terms before counting on it.
Ongoing earn: 0.75x Velocity points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $149/yr.
Year-two points aren't dollar-valued here: the redemption catalogue may change before renewal, so recheck the rate then.
VFF bonus offer. Activate on VFF portal before applying. +10,000 extra Velocity Points from VFF. Card earns ANZ Reward Points (up to 1.5/$1), convert to Velocity via Auto Transfer (2 ANZ = 1 Velocity). Base: 60k Velocity + 10k VFF extra. +20k Velocity if you keep card 15+ months. $50 back to your new card.
Terms and evidence
Full current terms
Offer terms
First Year Points
60,000 points
Velocity
Second Year Points
20,000 points
With $149 annual fee
Minimum Spend
$3,500
within 90 days (about 3 months)
Cash Bonus
Ongoing Earn Rate
0.75x points per $1 spent
Fees
First Year Annual Fee
$149
Ongoing Annual Fee
$149
From year 2 onwards
Purchase Interest Rate
20.99% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.
Benefit history (8 changes)
- Travel InsuranceUpdated May 2026
Now Up to $20,000,000 cover · trips up to 90 days.
- Digital Wallet IntegrationUpdated May 2026
- Shopping BenefitsRemoved May 2026
- Balance Transfer OffersUpdated May 2026
- Concierge ServiceUpdated May 2026
- Buy Now Pay LaterUpdated May 2026
- Extended Warranty InsuranceUpdated May 2026
- Purchase Protection InsuranceUpdated May 2026
Offer terms history
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
No recorded term changes from the previous version.
Published 16 Mar 2026
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.
Discussion
About these ended terms (published 21 May 2026) — not the current offer.
Community and personal tools
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