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80,000 Spend at least $3,000 on eligible purchases in your first 3 months from card approval
Virgin Money Anytime Rewards Card
Virgin Money Anytime Rewards Card

Virgin Money Credit Cards

Virgin Money Anytime Rewards Card

Updated 1 July 2024

Flaunting its title as the Highest Virgin Money Points Earning card in town 👑, the new Virgin credit card is full of platinum extras and points power for a modest annual fee.

For a limited time, you can earn 80,000 bonus Virgin Money Points and pay 0% p.a. on balance transfers for 12 months. Visa is also throwing in platinum features like its 24/7 concierge services, discounts and early access to Australia’s biggest entertainment and sporting events.

Points Earn Rate (per $1 spent)

1 point

Virgin Money

Rewards Program

Virgin Money Rewards

Bonus Points

80,000 pts

Spend at least $3,000 on eligible purchases in your first 3 months from card approval

Pros and cons

  • Bonus points: Earn 80,000 Virgin Money Points (worth $400 in gift cards) when you spend at least $3000 in the first 3 months.
  • Unlimited points: You can earn 1 Virgin Money Point for every $1 spent, plus extra points when you spend with partnering brands like THE ICONIC and Menulog.
  • 0% balance transfer: You’ll pay 0% p.a. on balance transfers for 12 months (which then reverts to the cash rate).
  • Platinum services: The Visa Platinum Concierge Service is like a personal assistant you can access online or by phone anytime. You’ll get other Visa benefits including presale access to entertainment and sporting events, retail discounts and more.
  • Extras: No fee for an additional cardholder and you can sync your card with Apple Pay, Google Pay and Samsung Pay.

  • High interest rate on purchases
  • No interest-free days while you have a balance transfer

Creditcard.com.au review

Editor Review

Virgin Money Anytime Rewards Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

Overall Rating

As a rewards card, this one ticks plenty of boxes: a reasonable annual fee, platinum perks and unlimited points. The Virgin Money Rewards program is flexible and offers fun ways to redeem points including gift cards, genuine cashback, Velocity Frequent Flyer points, travel partners and gifting points to a buddy.


What I love about the Virgin Money Anytime Rewards card

Virgin says this card is its highest-earning Virgin Money Points card because its other cards only earn through retail partners or Velocity points. It also comes with big bonus points worth $400 in gift cards or $360 in cashback.

At $149, the annual fee is fairly standard for a rewards card that doesn’t directly earn frequent flyer points. It comes with great extras that give it a platinum touch.

First I’ll break down the big-ticket perks of the card, and then look at how you can earn and redeem Virgin Money Points.

Bonus points: You can earn 80,000 Virgin Money Points when you sign up as a new cardholder and spend at least $3000 on eligible purchases in the first 3 months.

➕ What are eligible purchases?

Virgin Money’s terms say an eligible purchase is any purchase excluding “Cash Advances, Balance Transfers, Special Promotions, refunds and chargebacks, purchases of foreign currency and travellers cheques, transactions made in operating a business, and fees and charges such as interest and ATM charges.”


 

Bonus points on purchases: You can earn up to 20 bonus points per $1 (or a lump sum of bonus points) when buying from partnering retailers like Milkrun, Pet Circle, The Iconic, Menulog and LVLY.

0% balance transfers: For 12 months you’ll pay no interest on balance transfers you make within the first 3 months of being approved. After 12 months, the cash advance rate will apply to any leftover debt. Just note Virgin lets you transfer up to 80% of your credit limit and the cash advance interest rate of 20.99% p.a. will apply to any outstanding transferred balance at the end of the introductory period.

Visa platinum extras: The Visa Platinum Concierge Service is on-call 24/7 to fulfil your whims, including making recommendations, bookings, appointments, gift ideas and deliveries. Visa Concierge can even book a custom trip with priority booking and discounts.

Other Visa benefits include Visa Offers + Perks, which gives you exclusive access to presale tickets to entertainment and sporting events, and discounts with partnering retailers.


Redeeming Virgin Money Points

The Virgin Money Rewards program gives you a ton of ways to use your points, and it's easy to figure out what your points can earn in the app (which is different to some programs that like to keep us in the dark).

Here are some ways you can redeem your points:

Points for gift cards: buy digital gift cards from brands like Amazon, Bunnings, JB Hi-Fi and Woolworths.

Points for cash: redeem a minimum of 500 points for cash that’s credited to your account (10,000 points is worth $46 cashback).

Pay with points: nominate a recent purchase and use points to pay it off instantly.

Transfer points to your travel program: use points to book trips with partnering travel groups or convert points to your Velocity Frequent Flyer membership.

Reserve travel: book your next getaway instantly with partnering hotels.

Share your points: you can transfer points to a friend with a Virgin Money Rewards membership.


What’s not so great

While you have an active balance transfer you won’t be able to access any interest-free days. That means any purchases on your card will be charged interest immediately.

If you’re planning on doing a balance transfer, just remember that you need to apply for it within the first 3 months to get the 0% p.a. for 12 months offer. But, since you won’t get the 55 days interest-free with an active balance transfer, it could be a good idea to make sure you’ve earned your bonus points first. Otherwise, you’ll immediately pay interest on what you spend to earn the 80k bonus, which devalues your points.


Who suits the Virgin Money Anytime Rewards card

This is a great bang-for-buck rewards card with the potential to be a points powerhouse. It could suit people who want to earn points that can be redeemed flexibly rather than being tied to a frequent flyer program. It might also interest people who like a discount or two, and first dibs on concerts, sports events, live shows and more.

User reviews

Virgin Money Anytime Rewards Card ( based on 0 Creditcard.com.au user reviews )

0% rating based on 0 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 19.99% p.a.

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 12 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 N/A

Fees & repayments

Annual fee $149 p.a.

Additional cardholder fee $0 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 Virgin Money Rewards Virgin Money Rewards

Bonus points 80,000 points

Annual points cap uncapped

Bonus points spend criteria Spend at least $3,000 on eligible purchases in your first 3 months from card approval

Earning points with this card

Virgin Money Rewards points 1 point per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Overview

Virgin Money Anytime Rewards Card

Key features

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 $35000 p.a.

  • You have your personal details ready to complete the online application

Pauline

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

Recently Asked Questions

Something you need to know about this card? Ask our credit card expert a question.

Showing one question (showing the latest 10 Q&As)

Nadia

Nadia

4 July 2024
Why can't you balance transfer from Coles
    Pauline - CreditCard.com.au

    Pauline

    5 July 2024
    Hi Nadia, It is their policy that you cannot do a balance transfer within the same issuer. This is because NAB issues unsecured credit products to both Virgin and Coles..
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