- 0% p.a. on purchases for the first 14 months.
- 0% p.a. on balance transfers for the first 14 months. No BT fee applies. Reverts to Cash Advance rate.
- Possible to balance transfer loans as well as credit cards and store cards
- Exclusive $129 Virgin Australia Gift Voucher each year – that’s your annual fee covered
- Earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter
- Uncapped Velocity Points earning
- Reasonable $129 annual card fee
- Transit accident insurance
- Guaranteed pricing scheme
- Eligible with Apple Pay and Samsung Pay
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Virgin Money Credit Cards
Discontinued: Virgin Australia Velocity Flyer – 0% Purchases and Balance Transfer
Updated 30 October 2023
This card is no longer available for application. This information has been left for those who still have the card or were previously interested
Pay no interest on purchases for 14 months from date of card approval. If you pay your balance off in full after the 14 months, you will receive up to 55 days interest free on purchases. Save with 0% p.a. on balance transfers for the first 14 months with no balance transfer fee. Offer valid until 31 July 2023. Earn Velocity points on your spend plus, receive an exclusive $129 Virgin Australia Gift Voucher, each year.
Purchase Rate (p.a)
0% p.a.
for 14 months. Reverts to 20.74% p.a.
Balance Transfer (p.a)
0% for 14 months
No balance transfer fee.
Reverts to 20.99% p.a.
Annual Fee (p.a)
$129
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)
- Additional cardholders cost $39 per card per year
Creditcard.com.au review
Editor Review
Discontinued: Virgin Australia Velocity Flyer – 0% Purchases and Balance Transfer
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Virgin Australia Velocity Flyer Credit Card
One of the great things about rewards cards is the fact that you can choose the type of rewards you want to earn. While some cardholders may benefit more from cash back offers and supermarket-based rewards, others prefer earning points as they travel.
Travel rewards cards come in all shapes and sizes, allowing frequent travellers to earn points as they spend, to then redeem those points on flights, accommodation and so much more. But which card to choose?
If you tend to travel with Virgin Australia and its partners, the Virgin Australia Velocity Flyer Card could be a great choice for you. With a decent earn rate and some very nice features, this card is well worth a closer look. So, let’s get into it.
What we love...
One of the first things to mention here is the card’s awesome introductory offers, starting with 0% p.a. on purchases for the first 14 months. If you’ve been comparing credit card options, you’ll know this is a pretty special offer indeed, as it’s not one you’ll find easily elsewhere.
With this 0% p.a. purchase offer, you could purchase your holiday while earning rewards, to then pay it all off within 14 months with no interest to worry about. Sounds pretty good to us!
Got a balance you’d like to transfer from another credit card? This card has that covered too, with 0% p.a. on balance transfers for the first 14 months. You can transfer up to 80% of your approved credit limit and no balance transfer fee applies. Keep in mind though, that no interest free days apply to your retail purchases while you have a balance transfer.
On top of that, you can receive an exclusive $129 Virgin Australia Gift Voucher, each year, which can be used on Virgin Australia flights of any fare type (including sale fares), or selected Virgin Australia Holidays packages any time within six months of the voucher’s issue date.
To be eligible for this Gift Voucher, simply make a retail purchase on your card at least two months prior to requesting your voucher. Easy!
What’s not so great...
While the Virgin Australia Velocity Flyer Card certainly has plenty to offer, it’s well worth looking at the small print before using the card. With the 14-month 0% p.a. purchase offer, for example, know that it will revert to the card’s standard purchase rate after the introductory period, which is relatively high within the market. Not so good if you tend to carry a balance each month.
Meanwhile, any balance transfers left unpaid at the end of the 14-month introductory period will revert to the card’s cash advance rate, which like most cards, is substantial. Lastly, there is a considerable annual fee of $129 to take into account. However, it is nice to know that cardholders can look at their $129 Virgin Australia Gift Voucher as a kind of ‘rebate’ on this fee.
Why should you choose this card?
Aside from the card’s introductory offers, there are some great features that may pique your interest. As a rewards card, the Virgin Australia Velocity Flyer Card lets you earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter.
As for features and extras, the card offers transit accident insurance and price guarantee, FraudShield Protection, up to four additional card holders charged at $39 each, and up to 55 days interest free on purchases after the 14-month introductory period ends. As a nice touch, you can also choose to transfer a personal loan balance on the 0% p.a. balance transfer offer.
Overall Rating
A Virgin travel rewards card with a fantastic range of introductory offers, a good earn rate and a decent range of extras. Purchase and balance transfer offers are valid until 31 July 2023.
User reviews
Rates and fees
Interest rates
Purchase rate 20.74% p.a.
Introductory purchase rate 0% p.a. for 14 months
Cash advance rate 20.99% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 14 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
Brands you can't balance transfer from Bank of Queensland, Coles, IMB, NAB, Qantas Money, Suncorp, Virgin Money
Credit limits
Minimum credit limit $6,000
Maximum credit limit $30,000
Fees & repayments
Annual fee $129 p.a.
Additional cardholder fee Up to 4 - $39 p.a.
Foreign transaction fee 3.3%
Minimum repayment $30 or 2%, whichever is greater
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 N/A
Annual points cap uncapped
Bonus points spend criteria N/A
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
Eligible with Apple Pay and Samsung Pay
Overview
Discontinued: Virgin Australia Velocity Flyer – 0% Purchases and Balance Transfer
Cut your interest to 0% with great rewards. The Virgin Australia Velocity Flyer is for a limited time offer 0% p.a. on purchases for the first 14 months, (which reverts to the purchase rate of 20.74% p.a.) as well as 0% p.a. on balance transfers for 14 months, (which reverts to the cash advance rate). On top of this you also receive an exclusive $129 Virgin Australia Gift Voucher, each year.
With the Virgin Australia Velocity Flyer credit card you earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter. The points you earn can be redeemed for travel with Virgin Australia and other international partners.
Additional features include 24/7 account access, FraudShield Protection, Transit Accident Insurance and Price Guarantee. Another great thing about this credit card is that you can transfer a personal loan balance.
Key features
- 0% p.a. on purchases for the first 14 months (reverts to purchase rate of 20.74% p.a)
- After the 14 month promotional period you get up to 55 days interest free on purchases
- 0% p.a. on balance transfers for the first 14 months with no balance transfer fee. (reverts to cash advance rate of 20.99% p.a.)
- Possible to balance transfer personal loans as well as credit cards and store cards
- Earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter
- Earn 1 Velocity point per $1 dollar spent on Virgin Australia products (flights, holidays)
- An exclusive $129 Virgin Australia Gift Voucher each year – that’s your annual fee covered. Just make a retail purchase with your card each year and you’ll be eligible.
- $39 Additional cardholder fee
- Eligible with Apple Pay and Samsung Pay
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
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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