Virgin Australia Velocity Flyer Card (Balance Transfer & Points Offer)

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Basic

Card Level
Card Level
Platinum
Interest Free Days
Interest Free Days
44
Maximum credit limit
Maximum credit limit
$30,000
Minimum credit limit
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$30
Minimum repayment percent
Minimum repayment percent
2
Number free supplementary
Number free supplementary
4
Annual Fee
Annual Fee
$64
for 12 months then $129
Late Payment Fee
Late Payment Fee
$10
Over limit fee
Over limit fee
$40
Duplicate statement fee
Duplicate statement fee
$7
Supplementary card annual fee
Supplementary card annual fee
$39
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available
Card Level
Card Level
Platinum
Interest Free Days
Interest Free Days
44
Maximum credit limit
Maximum credit limit
$30,000
Minimum credit limit
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$30
Minimum repayment percent
Minimum repayment percent
2
Number free supplementary
Number free supplementary
4
Annual Fee
Annual Fee
$64
for 12 months then $129
Late Payment Fee
Late Payment Fee
$10
Over limit fee
Over limit fee
$40
Duplicate statement fee
Duplicate statement fee
$7
Supplementary card annual fee
Supplementary card annual fee
$39
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available

Rates

Purchase Rate
Purchase Rate
20.74%
Cash advance rate
Cash advance rate
20.99%
Purchase Rate
Purchase Rate
20.74%
Cash advance rate
Cash advance rate
20.99%

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
0%
for 18 months then 20.99%
Transfer Limit
Transfer Limit
80%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$0
Balance Transfer Rate
Balance Transfer Rate
0%
for 18 months then 20.99%
Transfer Limit
Transfer Limit
80%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$0

Overseas spending

Foreign Exchange Fee
Foreign Exchange Fee
3.3% on Visa
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
$14.9
for AU $300 withdrawal
Foreign Exchange Fee
Foreign Exchange Fee
3.3% on Visa
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
$14.9
for AU $300 withdrawal

Rewards

Program name
Program name
BCU Rewarder
Rewards Available
Rewards Available
Cash Back
Program name
Program name
BCU Rewarder
Rewards Available
Rewards Available
Cash Back

Eligibility

Minimum age
Minimum age
18
Minimum income
Minimum income
$35,000
Eligibility conditions
Eligibility conditions
Minimum age
Minimum age
18
Minimum income
Minimum income
$35,000
Eligibility conditions
Eligibility conditions

Earn Rates

RateCard TypeEarnsCondition
0.66 points for $1 spentVisaUp to $1,500 monthlyeligible transactions
0.5 points for $1 spentVisauncappedeligible transactions

Perks

  • Concierge
  • Special Events
  • Price GuaranteeIf you purchase personal goods in Australia and then find the same product advertised later in a printed catalogue at a cheaper price within 60 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is more than $75 and less than $500.
Other Benefits
Earn 3 additional Velocity Points per $1 spent for first 3 months. $129 Virgin Australia gift voucher each year if you have made a retail purchase in the 2 months prior to requesting your voucher and your account is active and in good order.

Features

The Virgin Money Virgin Australia Velocity Flyer card has a moderately high annual fee, high interest rates and a moderately low number of interest-free days.

The card has an associated rewards scheme that earns Velocity frequent flyer points. With the Virgin Australia Velocity Flyer card’s Balance Transfer & Points offer, card holders will enjoy 0 per cent interest for 18 months on balance transfers, as well as an additional 3 bonus Velocity points on everyday spending for the first three months. The offer also boasts a discounted annual fee in the first year.

After the introductory offer expires, the Virgin Australia Velocity Flyer card earns 0.66 Velocity Points per $1 spent on retail purchases for the first $1,500 spent within the statement period. After this threshold, card holders will earn 0.5 Velocity Points per $1 spent.

Pros
  • Earns Velocity Points
  • Complimentary insurances
  • 0% balance transfer offer
Cons
  • High interest rates
  • Charges an annual fee
  • No free additional cardholders

Who is it good for?

The Virgin Money Virgin Australia Velocity Flyer card is best for those who are frequent customers of Virgin Australia. The earn rate of this card, along with the introductory points offer, will allow card holders to consistently increase their Velocity points, which can be redeemed for flights, accommodation and more.

This card is not particularly suited to those who don’t travel often. The rewards scheme is designed as a travel program, which makes it less beneficial for non-travellers.

The Virgin Money Virgin Australia Velocity Flyer card is also not a good fit for those who are not confident about paying their credit card bill in full each month. This card has high interest rates and a moderately low interest-free period, which may become challenging if monthly bills are not paid fully. 

What RateCity says

If you’re looking to boost your Velocity Points, the Virgin Money Virgin Australia Velocity Flyer card is a practical choice. The Balance Transfer & Points offer will help card holders make the most of their spending for the first three months, with a bonus three Velocity Points on everyday spend. After the offer has expired, the card still earns a reasonable number of Velocity Points per $1 spent.

This card offers few advantages to those who are not regular Virgin Australia customers. Because the card earns Velocity points, card holders can redeem their earnings for Virgin flights and related benefits, which makes the rewards scheme less than ideal for those who prefer an airline other than Virgin.

Budget card holders should also be wary of the Virgin Australia Velocity Flyer card. This card charges a moderately high annual fee, as well as foreign transaction fees.

Applying/eligibility

Applying for the Virgin Australia Flyer credit card takes only 10 minutes through a secure online application. You must be at least 18 years old to apply, as well as be a permanent Australian resident and have a good credit rating. You’ll also need a minimum annual income of $35,000 or higher. When applying, you’ll need to provide your income and living expense details, as well as the credit limit or outstanding balance of any current credit cards you have. 

About Virgin Money

Virgin Money Australia is known for providing simple financial products for Australian consumers. Virgin Money’s current offering includes credit cards, savings accounts, home loans, life insurance, income protection, car insurance, home and contents insurance, travel insurance and superannuation. Although Virgin Money Australia carries the famous Virgin brand, it was sold to Bank of Queensland in 2013. Virgin partners include Velocity Frequent Flyer, Citibank, Auto & General Insurance Company, Allianz Worldwide Partners, TAL Life and Mercer.

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