Earn Velocity Points on your everyday spending and collect up to 80,000 bonus points on sign up with a Virgin Money credit card.
With features ranging from rewards to low rates, no annual fees and premium extras, the range of credit cards available from Virgin Money is designed to suit a variety of lifestyles and needs. Depending on the card you choose, you could enjoy earning Velocity Points for your spending, 0% balance transfer or purchase rate offers, bonus points, complimentary insurance and a variety of other benefits.
You can use this guide to compare Virgin Money credit cards, including the types of cards available and their features, benefits and fees. You can also learn about how to apply and get answers to frequently asked questions so that you can decide if a Virgin credit card is right for you.
0% p.a. for 18 months on balance transfers with no BT fee
Offer ends 31 October 2017
Eligibility criteria, terms and conditions, fees and charges apply
Virgin Money Credit Card Offer
Earn 3 bonus Velocity Points on top of your standard earn rate per $1 spent in the first 3 months, combined with a $129 annual fee refund for the first year and a long-term balance transfer offer.
- $129 p.a. annual fee.
- 20.74% p.a. on purchases
- Cash advance rate of 20.99% p.a.
- Up to 44 days interest free
- Minimum income requirement of $35,000 p.a.
Comparison of Virgin Money Credit Cards
Types of credit cards from Virgin Money
The range of credit cards available from Virgin Money include reward options, low rate and no annual fee cards as well as premium accounts with complimentary extras. You can compare your different options with Virgin Money below.
Balance transfer credit cards
A Virgin Money balance transfer credit card could help you save on existing debts by offering a competitive introductory interest rate, such as 0% for up to 18 months. This could help you save on interest costs and pay down your debt faster during the promotional period. After that, a standard interest rate will apply to any balance remaining from the transfer.
With Virgin Money, you can balance transfer up to 80% of your available credit limit from eligible non-Virgin credit cards or store cards. Virgin Money is also one of the only credit card providers that allows you to balance transfer debts from non-Virgin personal loans and lines of credit. For more details, you can refer to the terms and conditions on the Virgin Money website or read our step-by-step guide to conducting a balance transfer with Virgin Money.
No annual fee credit cards
As well as offering savings on yearly credit card costs, the Virgin No Annual Fee card has a 0% balance transfer offer. At the end of the introductory period, any debt left over from the balance transfer will be charged interest at the standard variable rate for cash advances, currently 20.99% p.a. Meanwhile, the purchase rate for this card is 18.99% p.a. (variable).
Low rate credit cards
The Virgin Money Low Rate credit card is designed to help you save on interest charges when you carry a balance on your account. This can has an ongoing variable purchase rate of 11.99% p.a., an annual fee of $99 and contactless payment options through Visa payWave.
Frequent flyer credit cards
Virgin frequent flyer credit cards reward you with Velocity Points for every dollar you spend on eligible purchases. These points are directly debited in your Velocity frequent flyer account. This means you can use them for flights with Virgin Australia and its airline partners, accommodation, fuel discounts with BP, car hire and everything from fashion and beauty to tech and gadgets from the Velocity Rewards Store.
If you're considering a Virgin Money credit card, make sure you check out the latest details and offers to see if you can take advantage of 0% interest rate offers or bonus point promotions that could boost your Velocity balance. Also remember to weigh the value of the rewards against card costs such as the rates and fees to decide if one of these cards is right for you.
Premium frequent flyer credit cards
The Virgin Australia Velocity High Flyer is a premium rewards card that includes a higher earn rate than other Virgin Money frequent flyer cards, a 80,000 bonus points offer and complimentary travel insurance.
It also offers two complimentary single-entry Virgin Australia domestic lounge passes and a $129 Virgin Australia flight voucher each year, which you can redeem by making a retail purchase at least 2 months before you request it. As this card has a standard annual fee of $289, make sure you consider whether the benefits will outweigh the cost of it.
The benefits of banking with Virgin Money
These are some of the most popular features you can enjoy with a Virgin Money credit card.
Earn Velocity Frequent Flyer Points on eligible purchases
You can earn Velocity Points for every dollar spent on eligible purchases with a Virgin Money frequent flyer credit card. You can then redeem these rewards for flights with Virgin Australia and its airline partners, accommodation packages and products from the Velocity Rewards Store. While some of these cards come with bonus points on sign up, you can also earn extra points by using your frequent flyer credit card with Velocity partners.
0% balance transfer offers
If you have a debt that's collecting high interest, Virgin Money offers a number of credit cards with 0% balance transfer promotions for up to 18 months. This means you can transfer a balance from a non-Virgin Money credit card, store card, personal loan or line of credit and pay down your debt without interest for the duration of the balance transfer period. Once the promotion ends, though, the standard cash advance interest rate will apply, so it's wise to pay your entire debt before this happens.
Visa credit card perks
All Virgin Money credit cards belong to the Visa payment network, meaning you can access global acceptance and a variety of exclusive Visa perks. You'll be able to use Visa payWave for contactless tap and go payments of up to $100 and receive peace of mind with Visa's No Liability Policy in case your card is ever lost, stolen or used for a fraudulent transaction. You'll also receive access to presale concert tickets, entertainment offers and discounts courtesy of Visa Entertainment.
How to apply for a Virgin Money credit card
If you've compared your options and decided a Virgin Money credit card is for you, you can complete a secure online credit card application within 15 minutes and should receive a response in a matter of minutes. Before you apply, though, make sure you've met the eligibility requirements and organised the necessary documents to ensure a smooth application process.
- Age. All applicants must be at least 18 years old.
- Residential status. You'll need to be an Australian citizen or permanent Australian resident.
- Minimum income. Depending on the card, you'll need to meet a specific income requirement to qualify for the card.
- Credit rating. You'll need a good credit history to receive approval.
You will need to provide information about the following if you wish to apply for a Virgin credit card.
- Personal information. You’ll need to provide basic personal information like your address and date of birth. You’ll also need to verify your identity using an accepted form of identification such as your drivers licence number.
- Financial information. You will need to submit information about your income, your living expenses, details of any assets and liabilities and information about any accounts you wish to include in a balance transfer.
While Virgin Money offers many types of credit cards to suit different types of Australian credit cardholders, you'll benefit from comparing your options first to ensure you're applying for the right card for you.
Frequently asked questions
If you want to know more about Virgin Money credit cards, here are answers to some of the most frequently asked questions. If you have a question that hasn’t been answered, get in touch with us using the form below.
How do I know I’m eligible for a Virgin credit card?
The application requirements for each Virgin credit card are different. You can find the eligibility requirements for Virgin credit cards on our review pages. Generally speaking, you will need to answer yes to the following if you want to apply for a Virgin credit card.
- Be over the age of 18
- Be a permanent Australian resident
- Have a good credit rating
If you're still unsure, you can get in touch with Virgin Money directly to discuss your likelihood of acceptance.
How do I apply for a balance transfer?
You can request to conduct a balance transfer application with a Virgin credit card when you apply for a new credit card. Please note that some terms and conditions and restrictions do apply.
See our how to apply for a Virgin Money balance transfer credit card guide for further details.
What happens after I apply for a Virgin Money credit card?
You should receive a response from Virgin Money within minutes of submitting your online application for a credit card. You will be contacted on the email you provided to Virgin when you applied. If they don’t get in touch with you, contact Virgin on 13 37 39 and quote your 13 digit application reference number to confirm the status of your application.
How do I find out my credit limit?
Your credit limit refers to how much money Virgin are willing to lend to you. During your application, you can nominate a specific credit limit or note that you'd like to access the maximum amount of credit. The credit limit you're approved for will depend on factors such as your income and credit history. You can also apply for a credit limit increase if you've demonstrated the ability to repay further into your card ownership.
How do I add an additional cardholder to the account?
Refer to our Virgin credit card review pages to find out how many additional cardholders you can add to each Virgin credit card account. You can apply for an additional cardholder when you apply for the credit card. If you’re an existing Virgin credit card account holder, you can request to add a supplementary card on your account by completing and sending in an additional cardholder request form, which is available from the Virgin website. Please note that if the additional card incurs an annual fee, it will be charged to the primary cardholder's account when the supplementary card is issued. It may take up to 10 business days to process and issue an additional cardholder request.
How do I make a repayment on my Virgin Money credit card?
You have the following options to make repayments to a Virgin Money credit card.
- Direct debit. Jump on the Virgin website to complete and submit a Virgin Money Direct Debit Auto Pay Application Form. This method of payment allows you to automatically pay your entire account balance, just the minimum repayment or a specific amount when your statement comes. The money is taken from a savings or transaction account linked to your Virgin credit card account.
- BPAY. You can pay your Virgin credit card from another lender’s internet banking facility using BPAY. The Virgin Money BPAY biller code is 49551 and your customer reference number is your 16 digit credit card number.
- Cheque. Virgin credit card statements are issued with a payment slip. Complete this form and mail it with a cheque to Virgin Money at GPO Box 4299, Sydney, NSW, 2001. Make the cheque payable to your Virgin Money credit card account number and be sure to include the type of credit card you hold. Make sure you write your account number on the back of the cheque.
- In person at Australia Post. You can pay your Virgin Money credit card at Australia Post using cash or EFTPOS.
What do I do if my credit card is lost or stolen?
If you have lost your credit card or it has been stolen, contact Virgin 24/7 on 13 37 39 (or +6 12 8288 2222 if you’re overseas). A member of the Virgin Money will block your card and arrange for a new one to be sent out to your location.
How secure is my Virgin Money credit card?
Each Virgin Money credit card comes with Fraudshield. This is an automatic system that will raise a red flag if any suspicious activity is detected on your account. Visa’s Zero Liability policy also protects you against fraudulent use (online and offline) if your account is compromised. All you have to do is call the customer assistance line, which is open all day every day, and they will instantly put a block on your card.
How do I register for online banking?
When you get your credit card head to the Virgin Money website and look for the icon that allows you to register your account as a first-time user. Simply follow the steps to complete the registration and you’ll be able to manage your account online.
What’s my minimum monthly repayment?
You're required to pay a minimum repayment of at least 2% or $30, whichever is greater, of your total balance each month. You must pay this fee by the due date listed on your credit card statement or you'll incur a late payment fee. However, if you want to avoid collecting interest, you should pay your balance in full before this due date.