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Virgin Australia Velocity Flyer – 0% Balance Transfer
Virgin Australia Velocity Flyer – 0% Balance Transfer

Virgin Money Credit Cards

Virgin Australia Velocity Flyer – 0% Balance Transfer

Updated 1 October 2020

With this Virgin Australia Velocity Flyer card offer you’ll save with a long 0% on balance transfers for the first 22 months. Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month). Pay half annual fee the first year. Ongoing annual fee of $129 p.a. and you get a $129 Virgin Australia Gift Voucher every year. Overall the best value Velocity earning card on the market.

T&Cs apply. Offer ends 30 November 2020

Purchase Rate (p.a)

20.74%

Balance Transfer (p.a)

0% for 22 months No balance transfer fee.
Reverts to 20.99% p.a.

Annual Fee (p.a)

$64 first year. Then $129 p.a.

$0 over 22 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% balance transfer rate for 22 months. Ability to transfer a personal loan as well as a credit card balance.
  • Uncapped Velocity Points earning
  • Pay half the annual fee the first year $64, reverts to $129 p.a. thereafter and add up to 4 additional cardholders at $39 p.a. each
  • Exclusive $129 Virgin Australia Gift Voucher, each year. Use the voucher when booking Virgin Australia flights (including sale fares) or selected Virgin Australia Holidays packages.
  • Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month).
  • Complimentary transit accident insurance
  • Guaranteed pricing scheme
  • Eligible with Samsung Pay

  • 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)
  • $39 Additional cardholder fee

Creditcard.com.au review

Editor Review

Virgin Australia Velocity Flyer – 0% Balance Transfer

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

Virgin Australia Velocity Flyer Credit Card

Don’t you just love a great offer? Whether it’s the perfect pair of shoes that just happen to be on sale, or a buy-one-get-one-free offer on, well pretty much anything. When it comes to credit cards, you can find special offers all over the place. But while some of them certainly are great, some of them are not so special.

Luckily for us, the current offer on the Virgin Australia Velocity Flyer Credit Card fits firmly in the former category. Not only can you benefit from 0% p.a. on balance transfers for 22 months, you can also earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month) and you can earn an exclusive $129 Virgin Australia Gift Voucher, each year.

Phew. I think we might need to sit down.

Want to find out what else the card has to offer? Let’s take a look.

What we love...

First up, let’s look more closely at the card’s awesome introductory offers. This is a super long balance transfer offer, giving you a massive 22 months to pay down your transferred balance. If you are not moving over a balance and are looking to spend on the card there is another intro offer available on purchases for this same card - click here.

When we’re talking frequent flyer cards, we usually expect to pay a substantial annual fee. Comparable frequent flyer cards include the NAB Velocity Rewards Credit Card and the ANZ Frequent Flyer Card (which earns Qantas Frequent Flyer Points), both with an annual fee of $95. Yes, we know that these cards have a lower standard annual fee, but the Virgin Australia Velocity Flyer Credit Card has a trick up its sleeve.

As a cardholder, you can receive a $129 Virgin Australia Gift Voucher, each year. All you need to do to unlock this offer is make a retail purchase on your card within two months prior to requesting your voucher. You can then use the voucher when booking Virgin Australia flights (including sale fares) or selected Virgin Australia Holidays packages, any time within six months of the voucher issue date.

Want more? You got it. Let’s talk earn rates. You’ll earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter. And the big bonus? You can also earn three bonus Velocity Points on top of your standard earn rates for every $1 spent in your first three months (capped at 10,000 bonus Points per month).

What’s not so great...

As with any balance transfer offer, it’s best to pay off the transferred balance before the intro period ends. This is most definitely the case with the Virgin Australia Velocity Flyer Credit Card, as the balance transfer rate reverts to the cash rate of 20.99% p.a. at the end of the intro period.

It’s also worth noting that it features a purchase rate of 20.74% p.a., which could get pretty darn expensive if you carry a balance on this card.

Why should you choose this card?

This card would be a fantastic option if you want to pay off a substantial balance on an existing card. We think 0% p.a. on balance transfers for 22 months is a pretty good deal indeed. But, with its high purchase rate, be sure to pay off that transferred balance and any purchases before they start attracting interest.

If you’re looking for an affordable card that offers decent Points-earning potential – and you happen to like flying Virgin – then this could be the ideal choice. You can earn Points for everyday spending on the card, and higher Points when spending with Virgin Australia. Plus, you benefit from that enviable three month bonus Points offer.

Any other nifty features? You can enjoy complimentary transit accident insurance and pricing Guarantee on purchases.

Overall Rating

Awesome intro offer on an affordable Velocity frequent flyer card. Gift voucher offer, long balance transfer, additional bonus points plus other extras such as decent Points-earning potential for everyday spending.

User reviews

Virgin Australia Velocity Flyer – 0% Balance Transfer ( based on 60 Creditcard.com.au user reviews )

71% rating based on 60 reviews

Rates
Fees
Rewards
Customer Service
Value
66%

Gerard Connolly

28 January 2013

If you want to get virgin points then this is a good choice. I fly mostly virgin and this gets me 1 point for every dollar. It does have the restriction that stops you earning as many points after you spend $1500 in a month but you still earn points after that.

Recommends this card

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 22 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 limt $6,000

Maximum credit limit $30,000

Fees & repayments

Annual fee $129 p.a.

Additional card holder fee $39

Foreign transaction fee 3.3%

Minimum repayment $30 or 2%

Annual fee the first year $64

Cash advance fee 2.7%

Late payment fee $10

Rewards and points

Rewards program

Rewards Program Velocity Frequent Flyer 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 Samsung Pay

Overview

Virgin Australia Velocity Flyer – 0% Balance Transfer

Huge balance transfer offer plus earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month). If you are a frequent flyer with Virgin, you’re sure to see the benefits of the Virgin Australia Velocity Flyer credit card, and if you sign up today you can also take advantage of 0% interest on balance transfers for the first 22 months. Annual fee of $129 p.a. and get an exclusive $129 Virgin Australia Gift Voucher, each year. Now that’s value.

Points can be redeemed for travel with Virgin Australia and other international partners. Earn 0.66 Velocity Points per $1 spent up to $1,500 per month, then 0.5 Velocity Points thereafter.

Other features of the card include 24/7 account access, FraudShield, transit accident insurance and pricing guarantee.

Key features

  • 0% p.a. on balance transfers for 22 months. (reverts to cash advance rate). You'll also be able to transfer a personal loan balance.
  • Pay half the annual fee the first year $64, reverts to $129 p.a. thereafter and add up to 4 additional cardholders at $39 p.a. each
  • Earn 0.66 Velocity Points per $1 spent up to $1500 per month, then 0.5 Velocity Points thereafter.
  • Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month)
  • Enjoy an exclusive $129 Virgin Australia Gift Voucher, each year
  • Complimentary transit accident insurance cover
  • Pricing Guarantee on purchases
  • Eligible with 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

Roland B Bleyer

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.

142 questions (showing the latest 10 Q&As)

cathy

cathy

29 September 2020
hi, i would like to apply for interest free transfer on a loan i have aprox $35K
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 October 2020
    Hi Cathy, that amount is above the credit limit this card offers. Have a look at the Citi Rewards Platinum. Again you can transfer non-Citi loans and has possibilities of a higher credit limit.
Vishal Sikri

Vishal Sikri

17 September 2020
I’m on a working visa with good credit history and earning more than 35000$. So can I apply for this card. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 September 2020
    Hi Vishal, Virgin are not a provider that accept temporary residents. Have a look at ANZ, St George, Westpac as banks that will accept an application from you. Approval for depend on a range of factors but around affordability it key.
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