Virgin Australia Velocity High Flyer Card
There are a couple of deals here and you have to be careful what it offers you when you press "Start Application" (not Apply Now). It seems to all come down to what site you came from when you get to the Start Application page.
40000 pts
$289 annual fee but you get $150 flight voucher and 40000 pts when you spend $10k in 3 months (hint: fully refundable business class flights for dates after the 3 month window. Yes you will not get points for the flights but you should still satisfy the $10k spend to get the bonus points in the deal window)
This link: http://virginmoney.com.au/products/credit-card/high-flyer-cr…
will send you to: http://virginmoney.com.au/products/credit-card/multi-credit-…
But if you go straight to the second link, you will only get the 20k pts offer on the same card.
60000 pts
Coops1 has commented that there is a 60k pts offer with 150 status credits. Remember that status credits are important as you need to be Silver or higher to use points to upgrade on long haul flights.
The requirement on this deal is to spend $18k over 6 months ($3k per month). I have no idea if you can just buy business class flights and refund each month to reach this requirement, assuming you don't have that sort of spend habit already!
This link is: http://prod3.virginmoney.com.au/credit-card/high-flyer-credi…
However when I click on it, I am taken to a 20k points deal page. These 60k deals all seem to be sourced from this blog listing: http://prod3.virginmoney.com.au/2015/03/
Update: it would seem that the 60k deal finished in April, according to pointhacks
umm business class flights?
not sure if you realised this is OzBargain, not OzRipOff..