Important disclosure
Pros and cons
For Virgin Australia Velocity Flyer Card (Points Offer)
Benefits
- Rewards Available through Velocity Frequent Flyer
- Extra 100,000 points subject to eligibility conditions
- $64 annual fee in the first 12 months and $129 p.a thereafter.
- Price guarantee
- Concierge
- Special events
Drawbacks
- Higher than average ongoing variable purchase rate
- Higher than average ongoing annual fee
- Does not offer free supplementary cards
Virgin Money Rate Credit card overview
For Virgin Australia Velocity Flyer Card (Points Offer)
Details
Card Level Platinum | Card Type Visa |
Interest Free Days 55 | Minimum monthly repayment 2% or $30 |
Minimum credit limit $6k | Maximum credit limit $30k |
Free supplementary cards | Instant Approval |
Target Market Determination Visit Virgin Money (Australia) Pty Limited to view Target Market Determination. |
Fees
Annual Fee $64 for 12 months then $129 thereafter | Annual Fee Spend Waiver |
Supplementary card annual fee $39 | Late Payment Fee $30 |
Over limit fee $40 | Duplicate statement fee $7 |
Electronic Wallet Service
Important Rates
Rates
Purchase Rate 20.74% p.a |
Cash advance rate 20.99% |
Cash advance fee 2.7% or $2.7 |
Balance Transfer
Balance Transfer Rate 0% p.a |
Transfer Limit 80% of the approved credit limit |
Balance Transfer Fee 1.5% |
Overseas spending
Foreign Exchange Fee 3.3% on Visa |
Overseas charges $5 |
Estimated ATM Cost $14.9 for AU $300 withdrawal |
Rewards
Program name Velocity Frequent Flyer |
Rewards Available Gift Card, Domestic Flights, International Flights |
Eligibility
Minimum age 25 |
Minimum income $35k |
Eligibility conditions - |
Residency |
Perks
- PRICE GUARANTEE If 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.
- CONCIERGE
- SPECIAL EVENTS
Other Restrictions
Domestic flight redemptions are back. International Flights or Gift Card redemptions may be paused.