Virgin Australia book now, pay later flights coming soon
The airline to become third Australian carrier to offer the service
Zip Co, which powers zipMoney and zipPay, has announced a partnership with Virgin Australia offering travellers a new way to lock in low fares and pay for them later, interest-free.
It's the first non-budget carrier to partner with Zip Co. Tigerair teamed up with zipPay back in April, which allows travellers to book fares with no establishment fee to use the service. There is however a $6 monthly account-keeping fee. This is waived if you pay your account in full by the end of the month that you receive your statement. Otherwise, there is a mandatory minimum repayment of $40 per month which can incur late-payment fees if you don't pay it up on time. Account limits are capped at $1,000.
Virgin will be the third Australian airline to let you book fares with a buy now, pay later service. Jetstar launched with Afterpay back in April, with purchases being limited to international flights a maximum spend of $1,200 (including the Afterpay payment fee).
For loyal Velocity members looking for the best way to book Virgin flights and maximise points, the news comes with a grain of salt. Since you won't be purchasing flights with a Velocity Frequent Flyer rewards credit card, you will need to forego any bonus points earned per dollar spent to benefit from the service. You will still be able to collect points and status credits for the flight itself.