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

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

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

Features

The Virgin Australia Velocity Flyer Visa Card comes with a moderate annual fee, a high interest rate and a moderately low number of interest-free days.

You can earn  Velocity Points that can be put towards flights, accomodation, shopping, entertainment and discounts.

The purchase and balance transfer offer lets you take advantage of 0 per cent on balance transfers and 0 per cent on purchases for a limited time.  

Up to four additional cardholders can be added for a fee, however each person must be over 16 years of age.

The credit card is protected by security features including FRAUDSHIELD and Visa Zero Liability. You won't be held liable for fraudulent transactions made with this card.

Visa payWave is available for purchases of up to $100, and Samsung Pay can be used on compatible devices at point-of-sale terminals where you can swipe or tap your card.

Pros
  • Earn Velocity Points
  • A Virgin Australia Gift Voucher each year
  • Complimentary insurances
  • Introductory 0% purchase rate offer
Cons
  • Additional cardholder fee
  • Overlimit fee charged
  • No bonus points

Who is it good for?

The Virgin Australian Velocity Flyer Card could be an attractive option if you'd like to save on interest, earn Velocity Points for travel, and receive a $129 Virgin Australia Gift Voucher each year.

This particular Visa card lets you earn Velocity Points that are redeemable for a wide range of travel-related items, products and experiences at the Velocity Rewards estore. It's free to join Velocity, and you'll need to be a Velocity Frequent Flyer Member to earn Velocity Points from purchases and payments on your Virgin Australia Velocity Flyer Card. 

If you’re a member of a different frequent flyer program, this card may not be suitable as Velocity Points are not transferable to a third party or another rewards program.

Velocity Points cannot be cashed out, unlike some credit cards that let you use points to pay the balance of your credit card.

What RateCity says

The Virgin Australian Velocity Flyer Visa Card purchase and balance transfer offer is available to new applicants.

It provides 0 per cent interest on purchases and balance transfers for a limited time, after which the interest reverts back to the cash advance rate.

This Visa is one of the more expensive credit cards with a high annual fee and interest rate for purchases and cash advances.

There are a range of benefits attached to the credit card, most of which are related to travel. If you don’t travel much or don’t intend to, the added extras may not be of benefit.

The primary purpose of this credit card is the accrual of Velocity Points.

Velocity Points earned can be redeemed through the Velocity Frequent Flyer program. Points are not transferable outside of this program.

Applying/eligibility

To be eligible for the Virgin Australian Velocity Flyer Visa you must be 18 years old. You must also be a permanent Australian resident with a minimum income of $35,000 per annum. Details to have handy for your online application include your income and living expenses. You also need to provide the credit limit of any credit cards or loans you have. Proof of identification can be provided in the form of an Australian driver’s licence, passport or birth certificate. 

About Virgin Money

Virgin Money Australia is known for providing simple financial products for Australian consumers. Virgin Money’s current offering includes credit cards, 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.


​Nick Bendel is a senior property and personal finance writer for RateCity, and an experienced journalist with numerous writing credits to his name. To date. He covers property, home loans, credit cards, superannuation and other bank products, and loves getting elbow-deep in the latest ABS, APRA and RBA data.​


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