Virgin Australia Velocity Flyer Card (Balance Transfer & Points Offer)
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
| Rate | Card Type | Earns | Condition |
|---|---|---|---|
| 0.66 points for $1 spent | Visa | Up to $1,500 monthly | eligible transactions |
| 0.5 points for $1 spent | Visa | uncapped | eligible 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.
Similar credit cards
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.
