- Up to 40,000 Velocity Points – 20,000 Points when you spend $2,000 or more on eligible transactions in the first 2 months then an additional 20,000 Points when $10,000 is spent on eligible transactions in the first 12 months from card approval.
- 0% balance transfer rate for 20 months with no balance transfer fee.
- Enjoy an exclusive $129 Virgin Australia Gift Voucher, each year.
- Pay no annual fee in the first year, then $129 p.a.
- Earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter
- Uncapped Velocity Points earning
- Complimentary transit accident insurance
- Guaranteed pricing scheme
Hi, we spend most of our time trying to help people and we will answer your question within a business day.
ANZ Frequent Flyer Black Credit Card
120,000 Bonus Qantas Points + $200 back*
*T&Cs apply. Two Qantas Club lounge invitations per year. $425 annual fee
Virgin Money Credit Cards
Virgin Australia Velocity Flyer Credit Card – Bonus Points
Updated 2 September 2021
Earn up to 40,000 Velocity Points – 20,000 Points when you spend $2,000 or more on eligible transactions in the first 2 months then an additional 20,000 Points when you spend $10,000 on eligible transactions in the first 12 months from card approval. Save with a long 0% p.a. on balance transfers for 20 months and $0 annual fee in the first year ($129 thereafter). Plus, enjoy a $129 Virgin Australia Gift Voucher each year and other handy features.
T&Cs apply. Offer ends 30 September 2021
Points Earn Rate (per $1 spent)
0.66 points
Capped at $1500, then 0.5 pts per $1 spent
Rewards Program
Velocity Frequent Flyer
Bonus Points
40,000 pts
20,000 points when you spend $2,000 or more on eligible transactions in the first 2 months, additional 20,000 points when you spend $10,000 on eligible transactions in the first 12 months
Pros and cons
- High standard interest rates like all rewards credit cards
- Earn rate drops to 0.5 points per $1 after $1,500 in a statement period (month)
Creditcard.com.au review
Editor Review
Virgin Australia Velocity Flyer Credit Card – Bonus Points
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
The Virgin Australia Velocity Flyer Credit Card
With the Virgin Australia Velocity Flyer Credit Card, new cardholders can enjoy up to 40,000 Velocity Points when they spend $2,000 or more on eligible transactions in the first 2 months plus another 20,000 points when they spend $10,000 on eligible transactions in the first 12 months from card approval. Add to that a $0 annual fee for the first year, a $129 Virgin Australia Gift Voucher each year plus 0% p.a. on balance transfers for 20 months offer, and this card becomes very tempting indeed.
What we love...
First up, that bonus points offer. As a new cardholder, you will receive 20,000 Points when you spend $2,000 or more on eligible transactions in the first 2 months then you will earn another 20,000 Points when you spend $10,000 on eligible transactions in the first 12 months from card approval. With up to 40,000 Velocity Points on offer, this is a pretty sweet deal – especially if you would tend to spend that amount on your card in a year anyway.
Where could you go with 40,000 Velocity Points? If you fancy a holiday trip within Australia, you could fly roundtrip Economy from Brisbane to Adelaide for 37,800 or from Sydney to Gold Coast for 26,600 plus taxes, fees, and carrier charges. As soon as international flight redemptions are available, you can also use your points for travel to your favourite overseas destinations. Point calculations are accurate but may be subject to change without notice. All routes may have additional taxes and charges.
When it comes to everyday points earning, the Virgin Australia Velocity Flyer Credit Card offers an earn rate that is pretty standard for a mid-range card. Unfortunately, it does have points shaping, but this may still work for you if you aren’t too much of a big spender. You will earn 0.66 Velocity Points per $1 up to $1,500 per statement period, and 0.5 Velocity Points per $1 thereafter.
Something that may make up for that is the fact that you can enjoy a $129 Virgin Australia Gift Voucher each year you are a cardholder. All you need to do is make an eligible purchase in the two months prior to requesting your voucher. The voucher is valid for six months from the issue date, and can be used to book travel with Virgin.
At this point, it’s also worth noting that with the Virgin Australia Velocity Flyer Credit Card, you will benefit from a $0 annual fee in the first year. Reverting to $129 each year thereafter, the card’s standard annual fee kind of pays for itself with the gift voucher of the same amount on offer. You may add up to 4 additional cardholders for an extra cost of $39 p.a. each.
Last on the list of lovely things on this card is its balance transfer offer. New cardholders can take advantage of 0% p.a. on balance transfers for 20 months. If you have existing credit card debt that you want to clear, this balance transfer offer may just be the way you can do that, providing you with more than a year with no interest on that transferred balance.
What’s not so great...
Back to that balance transfer offer. Of course, balance transfer offers can provide an awesome money-saving tool – but, they need to be used correctly. Cardholders should know that if they fail to clear their transferred balance before the end of the intro period, their remaining balance will start accruing interest at the card’s cash advance rate.
Other things to be aware of with the balance transfer offer is the fact that you can only transfer up to 80% of your approved credit limit, and while you have a balance transfer on the card, you will not benefit from the card’s interest free period. On top of that, the card has a high purchase rate, so cardholders should avoid leaving a balance unpaid month-to-month.
Why should you choose this card?
If you’re looking for a card that earns Velocity Points on everyday purchases, but doesn’t break the bank in annual fees, the Virgin Australia Velocity Flyer Credit Card could be for you. If you enjoy travelling, you could benefit from up to 40,000 bonus Velocity Points, plus a $129 gift voucher to spend on Virgin products.
In terms of other features, the Virgin Australia Velocity Flyer Credit Card offers Fraudshield and Visa's Zero Liability policy, Transit Accident Insurance and Guaranteed Pricing Scheme. If you have debt on other credit cards that you want to pay off, check out the terms and conditions on the card to see whether its 0% p.a. balance transfer offer provides a good deal for you.
Overall Rating
The Virgin Australia Velocity Flyer Credit Card is a frequent flyer card that offers up to 40,000 bonus Velocity Points after a minimum spend, a $129 Virgin Australia Gift Voucher each year, a $0 annual fee in the first year, and 0% p.a. on balance transfers for 20 months.
User reviews
Rates and fees
Interest rates
Purchase rate 20.74% p.a.
Cash advance rate 20.99% p.a.
Interest free period on purchases up to 44 days
Balance transfer
Balance transfer rate 0% p.a. for 18 months
Balance transfer revert rate 20.99% p.a.
Balance transfer from personal loan Yes
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Banks you can't balance transfer from Bank of Queensland, Citi, Coles, IMB, Qantas Money, Suncorp, Virgin Money
Credit limits
Minimum credit limit $6,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $129 p.a.
Additional cardholder fee Up to 4 at $39 p.a.
Foreign transaction fee 3.3%
Minimum repayment $30 or 2%, whichever is greater
Annual fee the first year $0
Cash advance fee 2.7% or $2.70 whichever is greater (domestic) ; $5 (international)
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
Velocity Frequent Flyer
Bonus points 40,000 points
Annual points cap uncapped
Bonus points spend criteria 20,000 points when you spend $2,000 or more on eligible transactions in the first 2 months, additional 20,000 points when you spend $10,000 on eligible transactions in the first 12 months
Earning points with this card
Velocity Rewards points 0.66 points per $1 spent
Points cap per month Capped at $1500, then 0.5 pts per $1 spent
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
$129 Virgin Australia Gift Voucher each year
Guaranteed Pricing Scheme
Overview
Virgin Australia Velocity Flyer Credit Card – Bonus Points
Receive up to 40,000 bonus Velocity Points – 20,000 Points when you spend $2,000 or more on eligible transactions in the first 2 months then an additional 20,000 Points when you spend $10,000 on eligible transactions in the first 12 months from card approval. If you sign up today you can also take advantage of 0% interest on balance transfers for the first 20 months. Pay no annual fee in the first year. $129 annual fee thereafter.
Key features
- Up to 40,000 Velocity Points – 20,000 Points when you spend $2,000 or more on eligible transactions in the first 2 months then an additional 20,000 Points when $10,000 is spent on eligible transactions in the first 12 months from card approval.
- 0% balance transfer rate for 20 months with no balance transfer fee.
- Enjoy an exclusive $129 Virgin Australia Gift Voucher, each year.
- Pay no annual fee in the first year, then $129 p.a.
- Earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter
- Uncapped Velocity Points earning
- Enjoy an exclusive $129 Virgin Australia Gift Voucher, each year. Make a retail purchase on your card within 2 months prior to requesting your voucher to unlock your benefit. Use your Virgin Australia Gift Voucher when booking Virgin Australia flights on any fare type (including sale fares) or selected Virgin Australia Holidays’ packages anytime within 6 months of voucher issue date.
- Complimentary transit accident insurance and Guaranteed pricing scheme
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Resident or citizen of Australia
-
Minimum income of $35,000 p.a.
You have your personal details ready to complete the online application
Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.
Recently Asked Questions
Something you need to know about this card? Ask a our credit card expert a question.
Ask a question6 questions (showing the latest 10 Q&As)
With the Virgin Au Velocity Card that currently has the 75,000 bonus points promo - if I were to transfer a balance from an existing credit card, does this count in to the $1500 per month spend to be eligible for the bonus points?
Thank you and I look forward to hearing from you soon
Hi Sandy, unfortunately a balance transfer does not earn points or count towards any spend requirements for the bonus points.
Where can I read what purchases gain points?
Hi Denise, I grabbed this for you from the terms. Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges and government related transactions. Government related transactions include transactions with government or semi–government entities, or relating to services provided by or in
connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs). Please note that whether or not a transaction is an Eligible Transaction will be determined based on information provided either by the merchant or the relevant financial institution (including information about the type of business conducted by the merchant). This means that, for example, spend with certain merchants may be characterised as spend with a government related entity and therefore not an Eligible Transaction, even if that merchant is not in fact a government related entity.
I am unable to find Bankvic as an option to transfer balance to Virgin ?
Hi Kate, you should be able to transfer Bankvic to Virgin. If you cannot find in the drop down you can select a cheque to self. Then make the payment yourself off the Bankvic amount. If you have BPAY details for Bankvic then you should be able to use these. Give Virgin credit card customer service a call if you are still having problems.
Can I balance transfer from a credit card in my sons name ?
Hi Nathan. A balance transfer must be between legal person. Therefore you cannot balance transfer your sons debt. A long way around would be to get a personal loan to pay the debt. Then look to balance transfer the loan subject to credit approval.
I recieve about $25k per year from work and about $13k from Crentrelink as Family Tax payments.
Can my Centrelink income be included as income?
Hi Marissa, Family Tax Benefits can be considered income when applying. Best of luck with your application. Read our credit card application tips.
This link is not working to apply for the card:.
Hi Rohit, I have checked now and its all working fine. Were you able to apply aok?
Tommy K
3 March 2019Earning points with 0% on purchases for over a year is great.
Recommends this card