Virgin Money Credit Cards

Updated 13 June 2019

Perfect for Frequent Flyers, Virgin Money offers competitive rates whether you want something as simple as a Low Interest or No Annual Fee credit card or a premium card like their Virgin Australia Velocity High Flyer Card.

Virgin is a brand that is known the world over. It is in publishing and aerospace, it runs a rail network and a telecommunications brand, it has a cruise line, a radio station and a number of charities under its belt. And of course, under the Virgin Money brand, it provides a range of financial products here in Australia, including home loans and super, insurance and credit cards. While its cards focus on rewards earning through Virgin’s Velocity program, it does offer low rate and low fee options as well, making it a great choice for a wide range of cardholders.

As a brand, Virgin Money was launched in Australia back in 2003, starting out first with credit cards, and later launching other financial products, partnering first with Macquarie Bank and later with Westpac. Today, its credit cards are brought to you in partnership with Citi, utilising Citibank’s strength and security, as well as its expertise in the credit card market to provide a genuine alternative to cardholders who want something more than a traditional bank can offer.

Virgin Money asks you to “imagine the possibilities”. It does this by providing simple and rewarding credit cards, backed by Virgin’s “legendary” customer service. In terms of Velocity cards, Virgin Money has a number to choose from, allowing you to select the level of rewards earning and the suite of features that suits you. Look out for bonus points offers when they’re available to really boost your points – and the value of the card. In terms of low cost cards, you can check out options that are low rate and low fee, keeping it simple by offering only what you need on a card.

Virgin Money Low Rate Credit Card

Virgin Money Low Rate Credit Card

11 reviews

Apply by 30 Jun 19

More info
$0 saved over 14 months
Your savings
$ saved over 14 months
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Virgin Money No Annual Fee Credit Card

Virgin Money No Annual Fee Credit Card

15 reviews

Apply by 30 Jun 19

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$0 saved over 36 months
Your savings
$ saved over 36 months
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4 reviews

Apply by 30 Jun 19

More info
points earned over 12 months
0.66 points
16.77% Complete (success)
Velocity Frequent Flyer
75,000
points
16.77% Complete (success)
Velocity Frequent Flyer
$64
first year
16.77% Complete (success)
then $129 p.a.
Your points
$120,000 saved over 12 months
Calculate your savings icon

7 reviews

Apply by 30 Jun 19

More info
points earned over 12 months
0.66 points
16.77% Complete (success)
Velocity Frequent Flyer
N/A
-1% Complete (success)
Velocity Frequent Flyer
$64
first year
16.77% Complete (success)
then $129 p.a.
Your points
$120,000 saved over 12 months
Calculate your savings icon

59 reviews

Apply by 30 Jun 19

More info
points earned over 12 months
0.66 points
16.77% Complete (success)
Velocity Frequent Flyer
20,000
points
16.77% Complete (success)
Velocity Frequent Flyer
$50
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon

31 reviews

Apply by 30 Jun 19

More info
points earned over 12 months
1 point
16.77% Complete (success)
Velocity Frequent Flyer
90,000
points
16.77% Complete (success)
Velocity Frequent Flyer
$289
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon

Virgin Money, BOQ and Citi

In 2013 the Virgin Money brand in Australia was acquired by BOQ, which also has an underwriting relationship with Citi Group.

About Virgin Money

Given that the Virgin Group’s other largest business is an airline, it was inevitable that the entrepreneurial and determined brand would enter the credit card market and start its own frequent flyer rewards programme. Here in Australia we were the first country outside Virgin Money headquarters in the UK to carry the Virgin Money brand of credit cards. Virgin Money now offers all consumer banking products in some way, from savings accounts to car insurance and superannuation.

The Virgin Money suite of products is attached to the Velocity rewards programme, and there is also a balance transfer card as well as a low rate ‘Virgin Flyer’ card. Because of its banking relationship with Citi Group you can transfer a personal loan balance onto a Virgin Money credit card.The Virgin Group has also been supportive of credit card transparency and reforms within the Australian market that require fees and charges to be reported upfront, as well as better and more detailed information on monthly statements.

History

Virgin Money has now had credit cards in the Australia market for a number of years, since 2003 in fact. Australia was the first country Virgin Money decided to operate in outside the UK. The group has seemingly gone from strength to strength in the Australian money market, and in 2011-2012 plans to enter the insurance and mortgage markets. Car insurance, Life Insurance, Superannuation and Savings Accounts are already offered, and while the Home Loans business has started, Virgin Money has teamed up with echoice for those looking for a new home loan.

Sir Richard Branson, the Virgin Group’s outspoken founder and face of the brand, has declared his intention to make Virgin Money a bank. Plans are also well underway in the UK. In 2009 Virgin Money merged with UK bank Northern Rock and in 2010 it purchases the Church House Trust, and this has been considered one of the major steps towards becoming a bank.

Virgin Credit Cards

Operating out of Australia, UK, USA and South Africa, Virgin Money is a financial services provider under the umbrella of the Virgin Group. Determined to provide great-value products and to give customers what they really want, Virgin is an excellent choice as a credit card provider.

If you are after an affordable option for your next credit card, take a look at the Virgin Money No Annual Fee card or the Virgin Money Low Rate card. With the first option you will pay no annual fee ever, and with the second option, you can enjoy low ongoing interest rates.

If you are a frequent traveler with the Virgin group of airlines, you will like the Virgin Australia Velocity Flyer card and the Virgin Australia Velocity High Flyer card. Based on a tiered rewards system, both cards allow you to earn Velocity points that can be redeemed for travel, flights, entertainment, and more.

Credit card products in Australia are distributed by Virgin Money Australia in an agreement with Citigroup Pty Ltd. This remains the case even after the acquisition of Virgin Money by Bank of Queensland in 2013.

Recently Asked Questions

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11 questions (showing the latest 10 Q&As)

Huu Loc Huynh

Huu Loc Huynh

19 August 2018
Can I please borrow small amount for my holiday on September?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 August 2018
    Hi Huu, it could be possible. Your credit approval is accessed at the time of application. Based on the information you provide in the application and the bank verifying the details. Virgin have a 0% for 14 month offer on purchases. If approved, you could spend on your holiday and not pay any interest on the card until near 2020.
Jonathan Gurr

Jonathan Gurr

21 June 2018
Hi I am looking to apply for a credit card for my time in Australia. I am currently on a 457 visa here on a three year secondment from the Uk can you inform me if Virgin accept 457 Applications for credit cards ? Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 June 2018
    Hi Jonathan, all virgin credit card offers are not available for temporary residents. ANZ, CBA, HSBC, AMEX, Westpac and NAB can and are worth exploring your options.
Timothy Strong

Timothy Strong

31 May 2018
I am on a disability support pension and I am looking for a new bed, am I eligible to apply for the Virgin low rate credit card without concerns or are pensioners excluded from applying for this type of card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 June 2018
    Hi Timothy, the disability pension is seen by Virgin as income. Therefore it is possible to apply for this card. Approval will depend on a range of factors such as income v expenses, assets v liabilities and your credit history.
Tracie

Tracie

29 May 2018
can I earn bonus points for referring a friend to the velocity flyer credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 May 2018
    Hi Tracie, not that I am aware of though many programs such as velocity itself can offer points incentive for referrals.
George

George

6 May 2018
What can the Virgin $129 gift card be used for please? For a card with a $129 annual fee can it be used to pay that charge? Thanks.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 May 2018
    Hi George, the Virgin $129 gift voucher can not be used to pay the annual fee. It 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.
Vicki

Vicki

1 April 2018
I have put in for a 0% balance transfer low rate card. They wish me to send support documents. Where do I send them?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 April 2018
    Hi Vicki, I am not sure. They should have provided you with these details. Give Virgin credit card customer service a call on 13 37 39 and I am sure they will assist you.
Graham

Graham

3 November 2017
I want to BT $42,000 overdraft to a 0% credit card for at least a 2 year period. Do you have anything available? Thank you
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 November 2017
    Hi Graham, a balance transfers needs to be between the same legal person. Therefore the overdraft will need to be in your name to transfer. Have a look at the Citi Rewards Platinum. This accepts non-Citi loan debt for balance transfer. A 42k balance transfer is large but is possible subject to credit approval and the limit allocated. Best of luck with your application.
Nikki Jenkins

Nikki Jenkins

16 December 2015
Hi There I'm on a 457 visa with over 20 months left on my visa. I earn over $84,000 p/annum Would I be eligible? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 December 2015
    Hi Nikki - its no go with Virgin to apply with on a 457. Have a look at HSBC as an option though the 20 months left may be a problem.
Maggie

Maggie

25 November 2015
Hi Roland. I hold a 457 visa but not yet a permanent resident. I have a credit card debt of $27K with CBA paying high interest for several months now. I wish to apply for BT with any bank that will approve my application, given that i am not a permanent resident yet. I am interested in 0% BT for 20-24 months, 0% p.r and low p.r. after the 0% BT promo repayment period ends. Please help me calculate a reasonable affordable repayment budget. My annual income is about 70K and employed full time. Thank you!
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 November 2015
    Hi Maggie as per my response to your other card question, I think HSBC could be the go but the long balance transfer is out the window I believe. You could call various banks to see what they think. NAB also have been open to 457 holders and they might be a chance as well. Best of luck.
Mark

Mark

7 May 2014
Do you lose your low interest balance transfer rate if you use the card before it is paid off?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2014
    Hi Mark, if you make purchases on a card with a transferred balance you simply will not be able to take advantage of any interest free days available from that credit card. Simply put, the low balance transfer amount will remain accruing the introductory interest rate while any purchases or cash advances you make on that credit card will incur their respective interest charges. It is generally not recommended to spend on your balance transfer card so you take full advantage of ridding yourself of the credit card debt outstanding, but you will not 'lose' the low interest balance transfer rate until the end of the intro period.
barry

barry

7 August 2013
can I still recive a credit card whilst I am on a benefit, ie centerlink? I would only apply for a small amount, $1000.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 August 2013
    Hi Barry, there are credit cards available with low income thresholds. Both ANZ and Westpac have cards with limits as low as $15,000 and the NAB doesn't set a minimum income, rather your application would be assessed according to what your income and expenses are and what the bank thinks you can afford. You just need to check the minimum income requirement for any card you consider before applying. Why don't you see what comes out from our cardfinder tool? Just make sure you use the advanced search option and add in your Centrelink income to see what comes up. Good luck.
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