Earn up to 30,000 bonus Velocity Points on sign up and points on everyday purchases to redeem for flights, accommodation and more with a Virgin Money credit card.
Exclusive Virgin Money Credit Card Offer
Earn 2 bonus Velocity Points on top of your standard earn rate per $1 spent in the first 3 months, combined with a reduced annual fee for the first year and a long-term balance transfer offer.
- $64 p.a. annual fee for the first year ($129 p.a. thereafter) annual fee
- 20.74% p.a. on purchases
- 0% p.a. for 18 months on balance transfers
- 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
Rates last updated May 29th, 2017.
Jonathan
Types of credit cards from Virgin Money
Since launching their credit card business in Australia, Virgin Money has expanded their range of credit cards to include low rate and no annual fee products. Their frequent flyer products have been, and remain to be, some of the most popular in the market. These cards reward you with Velocity Points when you make an eligible purchase as well as offer you a range of competitive card features. You can compare your different options with Virgin Money below.
Balance transfer credit cards
If you want to get in control of your debt, Virgin Money offers competitive balance transfer offers ranging from 0% for up to 18Â months. Taking advantage of the balance transfer promotion could help you save on interest costs and pay down your debt faster. It's important to note that you can balance transfer up to 80%Â of your available credit limit from any eligible non-Virgin credit cards and the cash advance rate will apply when the promotional offer ends. For more details, see our step-by-step guide to conducting a balance transfer with Virgin Money.
No annual fee credit cards
If you want to cut down on standard credit card costs, look at a Virgin Money card that charges no annual fee. If you're an irregular credit card user, a $0 annual fee card will ensure your card isn't burning a hole in your wallet while you're not using it. The Virgin No Annual Fee card also offers a 0%Â balance transfer offer. As this card comes with a higher interest rate on purchases, make sure you pay your balance in full each statement period to avoid picking up debt and high interest costs.
Low rate credit cards
If you struggle to repay your balance each month, a low rate credit card from Virgin Money could help keep your interest costs low and protect you from falling into debt. If the card has 0% p.a. on purchases for a promotional period, you'll need to make sure you repay your balance before the offer ends to avoid interest. Otherwise, if the card comes with a low ongoing balance, paying your balance in full before the statement period ends will give you access to up to 44 interest-free days on purchases.
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, which you can then redeem 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. Some of these cards also offer bonus points on sign up or for a promotional period, which is another easy way to boost your Velocity balance. To ensure you're getting maximum value from your Virgin Australia frequent flyer credit card, make sure the value of the rewards you're earning each year outweighs the cost of the annual fee.
Premium frequent flyer credit cards
If you're a regular spender looking to earn more Velocity Points, a premium frequent flyer credit card from Virgin Money could help you redeem your rewards faster. With a higher earn rate than other Virgin Money frequent flyer cards, a 30,000Â bonus points offer and a reduced annual fee for the first year, there are plenty of ways to rack up extra points with this card. As it comes with a less competitive annual fee and interest rate, though, you'd need to pay your balance in full each month and ensure the dollar value of your rewards exceeds the annual fee to ensure the card is offering more than it costs.
The benefits of banking with Virgin Money
When you apply for a credit card with Virgin Money, these benefits are on offer.
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 such as BP fuel stations. If you're a regular credit card spender that usually pays their balance in full, a Virgin Money frequent flyer card is a simple way to be rewarded for your credit card purchases.
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 18Â months. This means you can transfer a balance from a non-Virgin Money credit card or personal loan 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.
Eligibility requirements
- 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.
Required documents
You will need to provide information about the following if you wish to apply for a Virgin credit card.
- Personal information. You’re required 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
We’ve provided answers to some of the most frequently asked questions about Virgin Money credit cards below. 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.
- Â 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.Â
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.Â
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%Â 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.
I am wanting to change credit cards. I am looking for a card with 0% interest for at least 12 months, the lowest transfer or no transfer fee if possible, a rewards card that allows me to collect qantas points and possibly that allows me to consolidate a personal loan with the credit card debt. Is there a card that will suit all or most of these needs?
Hi Lydia,
Thanks for your question.
If you are looking for a credit card that lets you consolidate your personal loan, you can compare your options here. Several options meet your no balance transfer fee and 0% balance transfer criteria. However, only the Citi Qantas Signature Credit Card allows you to earn Qantas points.
Cheers,
Anndy
Can I balance transfer from ANZ to Virgin?
Hi Chris,
Thanks for your question.
Yes, you may transfer a balance from ANZ to a Virgin Money credit card, subject to certain eligibility criteria.
You may also visit this page to see where else you can balance transfer to.
Cheers,
Anndy
I have your credit card but I cannot deposit money onto my Pokerstars account? Please explain why I can’t deposit to online gambling? Thanks.
Hi Nick.
Thank you for your inquiry.
Virgin Money credit cards prohibit gambling transactions. Please check out this link for more information on the credit cards that you can and cannot use for gambling transactions.
I hope this helps.
Cheers,
Jason
What fees do I incur if I use my Virgin Credit Card (Visa) when travelling overseas – eg: India.
Hi Miriam,
Thanks for your inquiry.
There will be a 3.3% foreign conversion fee and $5 cash advance fee for Virgin credit cards if used abroad.
To compare other options with no foreign transaction fees, kindly check this page.
I hope this helps.
Cheers,
Debbie
If I put the high flyer credit card in a business name what is the annual fee
Hello Kerry,
The Virgin Australia Velocity High Flyer credit card has a $144 p.a. annual fee for the first year and $289 p.a. annual fee thereafter.
I hope this has answered your question.
Cheers,
Sally
Hi there.
Does the Virgin Money Velocity credit card earn points when you make a payment to the ATO?
I can’t seem to find any information about this in their terms and conditions.
Hope you can help.
Cheers.
Al
Hi Al, thanks for your inquiry!
Unfortunately Virgin Money credit cards do not earn any points for ATO payments. You can compare credit cards which earn points paying the ATO here.
Cheers,
Jonathan
What is the maximum amount of GB pounds I can withdraw daily from an ATM in London?
Hi Ron, thanks for your inquiry!
The withdrawal limit and maximum amount of GB pounds will depend on your credit card account/ individual credit limit.
Cheers,
Jonathan
Sir,
I’m have some question: How much could I withdraw in one day? How much could I transfer out in one time?
Hi Bob,
Thanks for your inquiry.
You can withdraw up to your available cash limit however there is a maximum of $1,000 cash per day. It’s important to remember that the standard cash advance fees and charges may apply when withdrawing cash from your Virgin Money Credit Card Account.
Cheers,
Sally
Hi,
Me and my partner have a joint loan and want to do a balance transfer to a CC. Is this possible with Virgin?
Hi Donald,
Thanks for your question.
Just to clarify, are you referring to a personal loan?
If so, Virgin Money are one of a select number of institutions that allow you to transfer your personal loan and line of credit debt to one of their credit cards, as well as letting you transfer other card debt.
However, your eligibility requirements will also depend on the level of the debt and your credit history. Should you have any further specific questions regarding your eligibility requirements, I would suggest you get in contact with Virgin Money directly.
I hope this has helped.
Thanks,
Sally
what is the least amount of money I can borrow
Hi Narelle,
Thanks for your inquiry.
The minimum credit limit varies and depends on the type of credit card you choose. Most Virgin Australia credit cards offer a minimum credit limit of $6,000, but there are some that also offer a higher amount.
If you wish to find out the minimum credit limit of a specific card, kindly check the Comparison table on this page and click on the credit card of your choice. On the page the product table will provide the details you are looking for, including the minimum credit limit of the respective card you’ve chosen.
I hope this helps.
Thanks,
Jonathan