Virgin Australia Velocity Flyer Card (Purchase & Balance Transfer 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
$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
$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
0%
for 14 months then 20.74%
Cash advance rate
Cash advance rate
20.99%
Purchase Rate
Purchase Rate
0%
for 14 months then 20.74%
Cash advance rate
Cash advance rate
20.99%

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
0%
for 6 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 6 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
0% pa for 14 months on purchases plus 0% pa for 6 months on balance transfers.

Features

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

You can earn unlimited Velocity Points that are redeemable for travel, 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
  • Uncapped points potential
  • Complimentary travel insurance
  • Exclusive flight benefit
Cons
  • Additional cardholder fee
  • Overlimit fee charged
  • No bonus points

Who is it good for?

The Virgin Australian Velocity Flyer Visa card could be an attractive option if you’re an existing member of the Velocity Frequent Flyer program.

Membership to this program is essential 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.

This particular Visa card lets you earn points that are redeemable for a wide range of travel-related items, products and experiences at the Velocity Rewards estore.

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

The Virgin Australian Velocity Flyer Visa card offers a personal travel concierge, a complimentary annual flight and complimentary travel insurance.

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 are uncapped and 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 is a financial services brand used by three independent brand licensees worldwide. Virgin Money was launched in Australia in 2003, initially in partnership with Macquarie Bank followed by Westpac under a five-year agreement. Virgin Money Australia is an Australian financial services company, now owned by Bank of Queensland, and has 150,000 customers. Virgin Money offers credit cards, home loans, superannuation, life insurance, income protection, home and contents insurance, car insurance and travel insurance.

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