Virgin Australia Velocity Flyer Card (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
Velocity Frequent Flyer
Rewards Available
Rewards Available
Gift Card, Domestic Flights, International Flights
Program name
Program name
Velocity Frequent Flyer
Rewards Available
Rewards Available
Gift Card, Domestic Flights, International Flights

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
$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 (Points Offer) comes with a high interest rate, a moderately high annual fee and a moderately low number of interest-free days. It also has a moderate minimum credit limit.

As a Virgin Velocity rewards card, customers can earn Velocity points for eligible purchases, which can then be redeemed for flights, accommodation and more. This card’s bonus points offer also allows cardholders to earn up to 60,000 bonus Velocity points in addition to points earned for everyday spending (conditions apply).

Customers wanting to transfer debt from another card can also do so at a 0 per cent balance transfer interest rate for the first 18 months. Additionally, the standard annual fee is halved for the card’s first year of use.

In terms of insurance, cardholders are covered by complimentary transit accident insurance and guaranteed pricing cover.

Pros
  • Velocity Frequent Flyer program
  • Bonus points offer
  • Balance transfer offer
Cons
  • High interest rate
  • Moderately high annual fee
  • Moderately low interest-free period

 

Who is it good for?

The Virgin Money Virgin Australia Velocity Flyer Card (Points Offer) is a good fit for existing Velocity Frequent Flyer members, regular travellers and people who spend regularly on their card. For these customers, this card offers suitable rewards and the ability to earn bonus points on top of points earned for regular spending.

Likewise, this card is suited to people with current debt as it comes with an attractive balance transfer deal.

With an allowance for four free supplementary cardholders, the Virgin Money Virgin Australia Velocity Flyer Card (Points Offer) is also a good option for families, couples and other shared account holders.

However, this card comes with a high interest rate, so it’s best suited to people who can pay their monthly bill in full (before interest is accrued) rather than those who sometimes struggle to clear debt. 

What RateCity says

This card offers a range of frequent flyer advantages, with the biggest benefit being the ability to earn bonus Velocity points. The balance transfer offer is also a nice incentive for people considering switching cards.

As is typical for a rewards card, though, it comes with a high interest rate and a moderately high annual fee – so it’s important to weigh up the potential benefits and risks before committing.

If you like the features of this card but want a lower purchase interest rate, you may want to consider the Virgin Money Virgin Australia Velocity Flyer Card (Purchase & Balance Transfer Offer) instead, or shop around for another card with a lower rate.

This card’s complimentary insurance is also relatively limited. For more comprehensive insurance, you may want to look at one of Virgin Money’s High Flyer credit cards or another card that comes with additional complimentary insurance.

Applying/eligibility

To be eligible for the Virgin Money Virgin Australia Velocity Flyer Card (Points Offer), you need to be at least 18 years old, a permanent Australian resident and earn at least $35,000 a year. When you apply, you will need to provide details such as your income and living expenses, the credit limit (or outstanding balance) of any credit cards or loans you have and the card or account number/s of any balances that you wish to transfer. 

About Virgin Money

Virgin Money is a financial services company that operates independently in Australia, South Africa and the United Kingdom. In Australia, Virgin Money is owned by Bank of Queensland and has 150,000 customers nationally. The company offers finance products including credit cards, home loans, superannuation and insurance. Customers can manage their accounts via the Virgin Money website and mobile app, or get support through Virgin Money’s phone enquiries line or email address.

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