In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
🏆 Finder award

Virgin Australia Velocity High Flyer Card

  • Avatar
Virgin Australia Velocity High Flyer Card
Terms and conditions apply
Bonus points
80,000
Purchase rate
20.74% p.a.
Reward point per $ spent
1
Annual fee
$329 p.a.

Our verdict

Offers up to 80,000 bonus Velocity Points, but you’ll need to meet 2 monthly spend requirements to get them all.

Gold Finder Awards Badge
Finder Awards winner
The Velocity High Flyer Card is Virgin Money’s premium frequent flyer product. It has a good earn rate of 1 point per $1 on eligible purchases up to $8,000 per month, then 0.5 points per $1 spent for the rest of the statement period.

Pros

  • Up to 80,000 bonus Velocity Points
  • Yearly $129 Virgin Australia Gift Voucher
  • 2 complimentary single-entry Virgin Australia domestic lounge passes per year
  • 1 Velocity Point per $1 on eligible spending up to 8,000 per statement period, then 0.5 points per $1
  • 0% p.a. on balance transfers for 12 months, with no BT fee

Cons

  • Bonus point spend requirement is staggered over the first 2 months
  • Relatively high 20.74% p.a. interest rate for purchases
  • 3.3% foreign transaction fee
  • No interest-free days on purchases if you have a balance transfer

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Virgin Australia Velocity High Flyer Card earns Velocity Frequent Flyer Points per $1 on your eligible spending, a yearly $129 Virgin Australia Gift Voucher, lounge passes and other perks. It has a $329 annual fee, making it suited to points chasers and big spenders. Right now, it offers 40,000 bonus Velocity Points each month when you apply by 14 May 2024 and spend at least $3,500 on eligible purchases for the first 2 months from card approval – up to a maximum 80,000 bonus points.

Details

Product details

Product Name Virgin Australia Velocity High Flyer Card
Balance transfer rate p.a. 0% for 12 months, then 20.99%
Balance transfer limit 80% of available limit
Purchase rate p.a. 20.74%
Interest-free period Up to 44 days on purchases
Cash advance rate p.a. 20.99%
Min credit limit $15,000
Max credit limit $50,000
Card type Visa

Eligibility

Available to temporary residents No
Minimum income $75,000
Joint application No

Rewards

Rewards program Velocity Frequent Flyer
Bonus points 80,000
Rewards points per $ spent 1

Fees

Annual fee $329
Minimum monthly repayment 2% of the closing balance or $30, whichever is greater
Late payment fee $30
Foreign currency conversion fee 3.3%
Cash advance fee 2.7% or $2.70, whichever is greater
Overseas cash advance fee $5
Additional cardholder fee $89
Number of additional cardholders 4

Congratulations, Virgin!

The Virgin Australia Velocity High Flyer Card is the Best Frequent Flyer Credit Card – Velocity in the 2024 Finder Credit Card Awards. It scored highly for its bonus points offer during the period of analysis, as well as for its earn rate of 1 point per $1 on eligible purchases up to $8,000 per month, then 0.5 points per $1 spent. It also offers lounge passes, a yearly $129 Virgin Australia flight voucher and complimentary international travel insurance.

Full list of 2024 winners

How to apply

You can apply for the Virgin Australia High Flyer Credit Card online in 10 minutes. Check that you meet the eligibility criteria and have the following details handy before you get started.

Eligibility criteria

  • Minimum income. Applicants must earn $75,000 per year or more.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • Up to 80,000 bonus Velocity Points. Upon activating your Virgin Australia Velocity High Flyer Card, you will earn 40,000 bonus points every month when you spend at least $3,500 on eligible purchases for the first 2 months. This means you could earn up to a total of 80,000 bonus Velocity Points. Offer ends on 14 May 2024.
  • Annual $129 Virgin Australia gift voucher. Each year, you can get a $129 Virgin Australia gift voucher with this card. All you need to do is make an eligible purchase on your card within 2 months before requesting the voucher, which will be issued as a Travel Bank Credit. You'll then have 12 months to use the credit on eligible flights or travel services booked through the Virgin Australia website.

Rates & fees

  • Annual fee. This card charges a $329 annual fee.
  • Interest rate. You will be charged 20.74% p.a. interest on purchases, while cash advances attract a 20.99% p.a. interest rate.

Your reviews

Not enough reviews Write a review

Ask a question

Ask a question
Avatar

Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

Joe

January 29, 2024

If I have a Virgin Australia Velocity Flyer Card (silver card), would I still be eligible for the this cards bonus points offer?


Thanks.


Avatar

Amy Bradney-George Finder

January 29, 2024

Hi Joe,

Unfortunately, this offer is not available to existing Virgin Money credit card customers. If you’re interested in a new card, you can compare other other cards offering bonus Velocity Points on Finder. I hope this helps.


Show more Show less
Avatar

Ted

January 24, 2024

Hi, will purchase store value card like woolworth or coles gift card earn velocity points?


Avatar

Amy Bradney-George Finder

January 31, 2024

Hi Ted,

The rewards terms and conditions for this card don’t specifically mention gift cards or stored value cards in regards to eligible purchases. But they do state that the details of an “eligible purchase” are based on details provided by the merchant and/or relevant financial institutions. So it may depend on where and how you purchased a gift card. You could contact Virgin Money directly on 13 37 39 to discuss this before buying a gift card. Finder’s guide to buying gift cards with a credit card has further details and tips that may also be of interest.


Show more Show less
Avatar

Mike

September 19, 2023

Hi

What purchasers are deemed eligible for the bonus points?


Avatar

Amy Bradney-George Finder

September 21, 2023

Hi Mike,

Most everyday spending is eligible to earn points, including bonus points. For example, groceries, petrol, dining, travel bookings etc. Here’s the wording for the offer terms and conditions from the Virgin Money website: “An eligible purchase means any purchase excluding Cash Advances, Balance Transfers, Special Promotions, refunds and chargebacks, purchases of foreign currency and travellers cheques, transactions made in operating a business, and fees and charges such as interest and ATM charges.” If you have a specific purchase in mind, you could also contact Virgin Money on 13 37 39 to discuss if it’s eligible. I hope this helps.


Show more Show less
Avatar

Charles

September 09, 2019

Is this only for new card members?


Avatar

Charisse Finder

September 09, 2019

Hi Charles,


Thanks for reaching out to Finder.


Yes, Virgin Australia Velocity High Flyer Card is only for new card members.


This offer is not available to existing Virgin Money credit card holders (including upgrades) and can’t also be used in conjunction with other Virgin Australia Velocity High Flyer Point promotions or offers.


I hope this helps.


Cheers,

Charisse


Show more Show less
Avatar

AG

September 19, 2017

Hi,


To get the points, do I need to spend $3000 per month for 5 months or its total of $3000 in 5 months to get 80000 points?


Thanks,

AG


Avatar

Liezl

September 21, 2017

Hi AG,


Thanks for your question.


You have to spend $3,000 per month on eligible transactions in the first 5 months and receive 16,000 velocity points each month. To know what are these eligible purchases, please review your card’s Product Disclosure Statements/Terms and Conditions.


Cheers,

Liezl


Show more Show less
Go to site