- Up to 60,000 Velocity Points – 30,000 Points per month when you apply for a new card and spend $1,500 or more on eligible transactions in the first 2 months from card approval.
- Available to new cards
- 0% balance transfer rate for 12 months with no balance transfer fee
- Enjoy an exclusive $129 Virgin Australia Gift Voucher, each year.
- Pay a discounted annual fee of $74 for the first year ($149 p.a. thereafter). Available to new cards
- Earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter
- Uncapped Velocity Points earning
- Complimentary Purchase Protection and Extended Warranty insurance covers
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Virgin Money Credit Cards
Virgin Australia Velocity Flyer Credit Card – Bonus Points
Updated 28 June 2024
Earn up to 60,000 Velocity Points – 30,000 Points per month when you apply for a new card and spend $1,500 or more on eligible transactions in the first 2 months from card approval. Save with a long 0% p.a. on balance transfers for 12 months and a discounted annual fee of $74 for the first year ($149 thereafter) - apply by 02 September 2024.
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
30,000 pts
+ 30,000 points on second month when you spend $1,500 or more on eligible transactions. Conditions apply.
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
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
With the Virgin Australia Velocity Flyer Credit Card, new cardholders can enjoy up to 60,000 Velocity Points – 30,000 Points per month when you apply for a new card and spend $1,500 or more on eligible transactions in the first 2 months from card approval. Add to that a $129 Virgin Australia Gift Voucher each year plus a discounted annual fee of $74 for the first year and 0% p.a. on balance transfers for 12 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 30,000 Points per month when you apply for a new card and spend $1,500 or more on eligible transactions in the first 2 months from card approval. This offer is valid to new approved Virgin Australia Velocity Flyer Card cardholders only. With up to 60,000 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 60,000 Velocity Points? If you fancy a holiday trip within Australia, you could fly roundtrip Economy from Brisbane to Adelaide for 24,000 or from Sydney to Gold Coast for 14,400 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 as of 28 June 2024 but may be subject to change without notice. All routes may have additional taxes and charges. Check on the official Virgin Money page for the updated calculations.
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 discounted annual fee of $74 for the first year. The card’s standard annual fee of $149 kind of pays for itself with the gift voucher of the same amount on offer. This offer is valid to new approved Virgin Australia Velocity Flyer Card cardholders only. 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 12 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 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 60,000 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, Purchase Protection and Extended Warranty insurance covers. 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 60,000 bonus Velocity Points after a minimum spend, a $129 Virgin Australia Gift Voucher each year, a discounted annual fee of $74 on the first year, and 0% p.a. on balance transfers for 12 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 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, Qantas Money, Suncorp, Virgin Money
Credit limits
Minimum credit limit $6,000
Maximum credit limit $50,000
Fees & repayments
Annual fee $149 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 $74
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 30,000 points
Annual points cap uncapped
Bonus points spend criteria + 30,000 points on second month when you spend $1,500 or more on eligible transactions. Conditions apply.
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 No
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Extras
$129 Virgin Australia Gift Voucher each year
Overview
Virgin Australia Velocity Flyer Credit Card – Bonus Points
Receive up to 60,000 bonus Velocity Points – 30,000 Points per month when you apply for a new card and spend $1,500 or more on eligible transactions in the first 2 months from card approval. If you sign up today you can also take advantage of 0% interest on balance transfers for the first 12 months and a discounted annual fee of $74 for the first year, then $149 thereafter.
Key features
- Up to 60,000 Velocity Points – 30,000 Points per month when you apply for a new card and spend $1,500 or more on eligible transactions in the first 2 months from card approval. Available to new cards
- 0% balance transfer rate for 12 months with no balance transfer fee
- Discounted annual fee of $74 for the first year ($149 thereafter). Available to new cards
- 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 Purchase Protection and Extended Warranty insurance covers
Minimum criteria to apply for this card
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Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
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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
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question24 questions (showing the latest 10 Q&As)
How do I apply for this card
Hi Natalie, we currently don’t have an active participation on the Virgin Australia Velocity Flyer Credit Card – Bonus Points, but you can head to their website and apply for the card. Alternatively, you can compare some of the other cards that offer bonus points, or other frequent flyer cards for more options.
Can you please compare this Virgin Australia Velocity Flyer credit card with the Virgin Australia Velocity High Flyer credit card? With a lower annual fee, it is giving more generous bonus points at 100,000 (you have 4 months to spend $1,500) compared to the 80,000 with the High Flyer, where you have to spend like $3,500 in the first 2 months, with a higher annual fee.
Hi Mandy, the Virgin Money High Flyer card has an updated deal where you get 120k bonus Velocity points. So the big differences are: the High Flyer gives you 20k more bonus points, and 1 point per $1 instead of 0.66 points per $1. So you would have to work out if the extra $160 for the annual fee is worth it for the extra points you would earn across the year. You can use the toggles above the table to input your normal annual spend, which will show you how many points you could earn. That might help you see the difference in value. Thanks Mandy!
for the bonus point offer for the Virgin Australia Velocity Flyer Credit Card, is it a spend of $1500 PER month for the first 4 months?
or a $1500 TOTAL spend ACROSS the first 4 months?
Hi Chelsea, you are totally correct! If you don’t meet the spending requirement of $1500 in the second month, for example, you will not receive the 25,000 bonus Velocity points for that period.
Can I do a balance transfer from Zip Pay?
Hi Andrea, there’s a handful of providers that allow Zip Pay balances to be transferred. Virgin Money is one, along with Citi, Coles Mastercard and Qantas Money. We wrote a guide on how to balance transfer BNPL debt if you'd like to learn about how to do this.
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24 April 20221
Does not recommend this cardTommy K
3 March 2019Earning points with 0% on purchases for over a year is great.
Recommends this card