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Virgin Australia Velocity Flyer Credit Card – Up to 60,000 bonus Velocity Points

1 review

Apply by 30 April 2019

points over 12 months Calculate your savings icon

Earn rate per $1

0.66 points
16.77% Complete (success)
Velocity Frequent Flyer

Bonus points

60,000 points
60,000% Complete (success)

Annual fee

$64 first year
64% Complete (success)
then $129

Pros

Up to 60,000 bonus Velocity Points - Receive 20,000 Velocity Points for each month you spend $1,500 on eligible transactions in the first 3 months

0% balance transfer rate for 18 months.

Receive points when you use your card on purchases

Pay $64 annual fee in the first year. $129 annual fee thereafter.

Get complimentary transit accident insurance

Cons

Balance transfer rate reverts to cash advance rate

Over 20% interest on purchases and cash advances

Virgin Australia Velocity Flyer Credit Card – Up to 60,000 bonus Velocity Points

Receive up to 60,000 bonus Velocity Points, that is 20,000 Velocity Points for each month you spend $1,500 on eligible transactions in the first 3 months. If you sign up today you can also take advantage of 0% interest on balance transfers for the first 18 months. Pay $64 annual fee in the first year. $129 annual fee thereafter. Offer ends 30 April 2019.

Examples of Velocity Points required for reward seats on flights;
virgin-points-1june2016

(source; Velocity Rewards website, 1 June 2016)

Key features

  • 0% p.a. on balance transfers for 18 months
  • 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.
  • Transit accident insurance cover
  • Pay $64 annual fee in the first year. $129 annual fee thereafter.
  • Pricing Guarantee on purchases
  • Up to 60,000 bonus Velocity Points - receive 20,000 Velocity Points for each month you spend $1,500 on eligible transactions in the first 3 months
  • 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.
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Earn 3 bonus Velocity Points on top of your standard earn rate per $1

In your first three months from card approval (capped at 10,000 bonus Points per month)

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Get 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.

  • Rates
    73%
  • Fees
    90%
  • Rewards
    90%
  • Customer Service
    90%
  • Value
    0%
100% of customers who have rated this card would recommend it
Overall customer rating 87%
1 reviews

87% Tommy K | 3 March 2019

Earning points with 0% on purchases for over a year is great.

Recommends this card

Interest Rates
Purchase rate 20.74% p.a.
Cash advance rate 20.99% p.a.
Interest free on purchases up to 44 days
Balance Transfer
Balance transfer rate 0% p.a. for 18 months
Balance transfer fee No fee
Balance transfer revert rate 20.99% p.a.
Balance transfer limit 80% of your approved new credit limit
Balance transfer from personal loan Yes
Banks you can't balance transfer from Bank of Queensland ,Citi ,Coles ,IMB ,Qantas Money ,Suncorp ,Virgin Money
Credit limits
Minimum credit limit $6,000
Maximum credit limit $30,000
Fees & repayments
Annual fee $129 p.a.
Annual fee first year $64
Additional cardholder fee Up to 4 - $39 p.a. each
Cash advance fee 2.7%
Foreign transaction fee 3.3%
Minimum repayment $30 or 2%
Late payment fee $10
Credit card type Visa
Rewards program
Rewards program Velocity Frequent Flyer Velocity Frequent Flyer
Bonus points 60,000 Velocity points
Annual points cap uncapped
Bonus points spend criteria 20,000 pts/month you spend at least $1,500. First 3 mths.
Earning points with this card
Velocity points 0.66 points per $1 spent
Overseas earn rate same as standard earn rate
Points cap per month Capped at $1500, then 0.5 pts per $1 spent
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover Yes
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No
Extras
$129 Virgin Australia Gift Voucher each year

The Virgin Australia Velocity Flyer Credit Card

With the Virgin Australia Velocity Flyer Credit Card, new cardholders can enjoy up to 60,000 bonus Velocity Points when they spend at least $1,500 each month for the first three months. Add to that a reduced annual fee of $64 for the first year, a $129 Virgin Australia Gift Voucher each year, plus 0% p.a. on balance transfers for 18 months, and this card becomes very tempting indeed.

What we love...

First up, that bonus points offer. As a new cardholder, you will receive 20,000 bonus Velocity Points each month you spend at least $1,500 on the card in the first three months. 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 each month anyway.

Where could you go with 60,000 Velocity Points? If you fancy a trip to La-La Land, you could fly Economy from Brisbane to Los Angeles from 44,800 Velocity Points plus $116.61 fees and taxes. Looking for something a bit more tropical? How about a trip to Fiji, flying Economy from Sydney to Nadi from 17,800 Velocity Points plus $91.28 fees and taxes.

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 reduced annual fee of $64 in the first year. Reverting to $129 each year thereafter, the card’s standard annual fee kind of pays for itself with the gift voucher of the same amount on offer. You may add additional cardholders at a cost of $19 for the first year, and $39 thereafter.

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 18 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 and a half 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, Transit Accident Insurance and Guaranteed Pricing Scheme. 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 reduced annual fee of $64 for the first year, and 0% p.a. on balance transfers for 18 months.

(showing the latest 10 Q&As)

  • Be over 18 years old
  • Good credit and 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
Virgin Australia Velocity Flyer Credit Card – Up to 60,000 bonus Velocity Points
Virgin Australia Velocity Flyer Credit Card – Up to 60,000 bonus Velocity Points

Virgin Money Credit Cards

Virgin Australia Velocity Flyer Credit Card – Up to 60,000 bonus Velocity Points

14 March 2019

Apply by 30 April 2019

Points Earn Rate (per $1 spent)

0.66

points

Velocity

Rewards Program

Velocity Frequent Flyer

Bonus Points

60,000 pts

20,000 pts/month you spend at least $1,500. First 3 mths.

0 points over 12 months spend

My monthly card spend

Virgin Australia Velocity Flyer Credit Card – Up to 60,000 bonus Velocity Points

Receive up to 60,000 bonus Velocity Points, that is 20,000 Velocity Points for each month you spend $1,500 on eligible transactions in the first 3 months. If you sign up today you can also take advantage of 0% interest on balance transfers for the first 18 months. Pay $64 annual fee in the first year. $129 annual fee thereafter. Offer ends 30 April 2019.

Examples of Velocity Points required for reward seats on flights;
virgin-points-1june2016

(source; Velocity Rewards website, 1 June 2016)

Key features

  • 0% p.a. on balance transfers for 18 months
  • 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.
  • Transit accident insurance cover
  • Pay $64 annual fee in the first year. $129 annual fee thereafter.
  • Pricing Guarantee on purchases
  • Up to 60,000 bonus Velocity Points - receive 20,000 Velocity Points for each month you spend $1,500 on eligible transactions in the first 3 months
  • 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.

Customer Reviews

Virgin Australia Velocity Flyer Credit Card – Up to 60,000 bonus Velocity Points

87% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates & Fees

Interest rates

Purchase rate 20.74% p.a.

Cash advance rate 20.99% p.a.

Interest free on purchases up to 44 days

Balance transfer

Balance transfer rate 0% p.a. for 18 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 Up to 4 - $39 p.a. each

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 & points

Rewards program

Rewards Program Velocity Frequent Flyer Velocity Frequent Flyer

Bonus points 60,000 Velocity points

Annual points cap uncapped

Bonus points spend criteria 20,000 pts/month you spend at least $1,500. First 3 mths.

Earning points with this card

Velocity pointsVelocity points 0.66 points per $1 spent

Points cap per month Capped at $1500, then 0.5 pts per $1 spent

Overseas earn rateOverseas earn rate same as standard earn rate

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover Yes

Smartphone Screen Insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Extras

$129 Virgin Australia Gift Voucher each year

Our Review

Editor Review

The Virgin Australia Velocity Flyer Credit Card

With the Virgin Australia Velocity Flyer Credit Card, new cardholders can enjoy up to 60,000 bonus Velocity Points when they spend at least $1,500 each month for the first three months. Add to that a reduced annual fee of $64 for the first year, a $129 Virgin Australia Gift Voucher each year, plus 0% p.a. on balance transfers for 18 months, and this card becomes very tempting indeed.

What we love...

First up, that bonus points offer. As a new cardholder, you will receive 20,000 bonus Velocity Points each month you spend at least $1,500 on the card in the first three months. 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 each month anyway.

Where could you go with 60,000 Velocity Points? If you fancy a trip to La-La Land, you could fly Economy from Brisbane to Los Angeles from 44,800 Velocity Points plus $116.61 fees and taxes. Looking for something a bit more tropical? How about a trip to Fiji, flying Economy from Sydney to Nadi from 17,800 Velocity Points plus $91.28 fees and taxes.

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 reduced annual fee of $64 in the first year. Reverting to $129 each year thereafter, the card’s standard annual fee kind of pays for itself with the gift voucher of the same amount on offer. You may add additional cardholders at a cost of $19 for the first year, and $39 thereafter.

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 18 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 and a half 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, Transit Accident Insurance and Guaranteed Pricing Scheme. 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 reduced annual fee of $64 for the first year, and 0% p.a. on balance transfers for 18 months.

Pros

  • Up to 60,000 bonus Velocity Points - Receive 20,000 Velocity Points for each month you spend $1,500 on eligible transactions in the first 3 months
  • 0% balance transfer rate for 18 months.
  • Receive points when you use your card on purchases
  • Pay $64 annual fee in the first year. $129 annual fee thereafter.
  • Get complimentary transit accident insurance

Cons

  • Balance transfer rate reverts to cash advance rate
  • Over 20% interest on purchases and cash advances

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

Customer reviews

87%

Tommy K

3 March 2019

Earning points with 0% on purchases for over a year is great.

Recommends this card
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.

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