Virgin Australia Velocity Flyer Card Annual Fee Offer

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Save on credit card costs with an ongoing $50 annual fee – plus, earn 20,000 bonus Velocity Points.

This introductory offer from Virgin Money can save you money with a reduced $50 annual fee and 0% p.a. on any transferred balances for 18 months with no balance transfer fee.

0% p.a.

Balance transfer rate

for 18 months

20,000

Bonus points

20.74% p.a.

Purchase rate

0.66

Reward points

Per $ spent (Visa/Mastercard)


Details

Product NameVirgin Australia Velocity Flyer Card - Annual Fee Offer
Rewards ProgramVelocity Frequent Flyer
Balance Transfer Rate0% for 18 months
Balance Transfer Revert RateCash Advance Rate (20.99% p.a.)
Balance Transfer Limit80% of available balance
Purchase Rate20.74% p.a.
Annual Fee$50
Interest Free Period44 days
Cash Advance Rate20.99% p.a.
Minimum Credit Limit$6,000
Maximum Credit Limit$100,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.3% of transaction value
Complimentary Travel InsuranceNo
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • Discounted ongoing annual fee of $50 p.a.
  • Earn 20,000 bonus Velocity Points.
  • Balance transfer offer of 0% p.a. for 18 months with no balance transfer fee.
  • Receive a yearly $129 Virgin Australia Gift voucher.

Cons

  • Earns a low 0.66 points per $1 spent on the first $1,500 per statement period.
  • Spend threshold of $1,500 per statement period before lower earn rate kicks in is low.
Rewards ProgramVelocity Frequent Flyer
Bonus Points20,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)0.66
Annual Fee$50
Minimum Monthly Repayment2% of transaction value or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (Visa/Mastercard)3.3% of transaction value
Cash Advance Fee2.7% or $2.70, whichever is greater
Overseas Cash Advance Fee$5
Additional Cardholder Fee$0
Number of Additional Cardholders4

Expert review

Amy Bradney-George

Review by


Amy is a senior writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

The Virgin Australia Velocity Flyer is an entry-level frequent flyer credit card that earns between 0.5 and 0.66 Velocity Points per $1 spent on eligible purchases and offers a $129 Virgin Australia flight voucher each year you have the card.

With this introductory offer, you will save with a reduced, ongoing annual fee of $50 when you apply by 30 June 2019. You can also collect a bonus 20,000 Velocity Points when you spend $3,000 on eligible purchases in the first 3 months – enough for a one-way economy Reward Seat from Melbourne to Auckland (18,000 points, plus fees and taxes).

How to apply

You can apply for the Virgin Australia Velocity Flyer online in around 10 minutes and will need to apply by 30 June 2019 to take advantage of the reduced annual fee offer. To get started, make sure you meet the eligibility requirements and have the documents and details you'll need for the application ready.

Eligibility criteria

  • Minimum income. You must earn a minimum of $35,000 a year to apply for this card.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • Discounted annual fee. Save $79 per year with a reduced ongoing $50 annual fee when you apply by 30 June 2019.
  • Bonus points offer. Earn 20,000 bonus Velocity Points when you apply by 30 June 2019 and spend $3,000 or more on eligible transactions within the first 3 months from card approval.

Rates & fees

  • Interest rates. This card charges an interest rate of 20.74% p.a. on purchases and 20.99% p.a. on cash advances.
  • Interest-free days. You can save with up to 44 days interest-free on purchases provided that you pay your balance in full by the due date on each statement.

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6 Comments

  1. Default Gravatar

    May 16, 2019

    I’m looking to get a credit card that I can transfer a personal loan to. Do you have credit cards that have zero % balance transfer for personal loans?

    • AvatarStaff
      Nikki
      May 17, 2019

      Hi Jacob,

      Thanks for getting in touch!

      Here is a page that shows a list of brands accepting personal loans to transfer to a balance transfer credit card. However, they don’t have 0% balance transfer options. You can try to view 0% balance transfer options on this page and when you’ve chosen which bank to go for, you can ask if they allow personal loan balance transfer options.

      As a friendly reminder, read the eligibility criteria, features, and details of the card, as well as the Product Disclosure Statement and Terms and Conditions of the card before making a decision and consider whether the product is right for you. Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      With care,
      Nikki

  2. Default Gravatar
    Sue
    March 25, 2019

    My husband and I are semiretired so we aren’t working we own our home and are financially self-funded, can we still apply for this credit card? We have credit cards with another company and are wanting to change.

    Thanks,
    Sue

    • AvatarStaff
      Jeni
      March 26, 2019

      Hi Sue,

      Thank you for getting in touch with Finder.

      You may apply for this card so long that you meet its basic application criteria like the age, residency, minimum income of $35,000 and good credit rating.

      Please make sure though to read the eligibility criteria, features and details of this Virgin Velocity Flyer card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  3. Default Gravatar
    Ulalei
    March 5, 2019

    Hi ive been looking for a credit card, this will be my first one and im finding it hard.. i have a creidt score of 700 and im unsure as ro what min credit limit i sjpild be looking at.

    • AvatarStaff
      Nikki
      March 6, 2019

      Hi Ulalel,

      Thanks for getting in touch! While some credit card providers disclose the credit limit for credit cards, It’s helpful to know that your final credit limit will still be approved by the issuing bank. You can go to this page that reads HOW TO APPLY FOR YOUR FIRST CREDIT CARD. On the page, you’ll also find a list of credit cards you can apply for. As a friendly reminder, review the eligibility criteria of the card before applying and read up on the terms and conditions of the card. Feel free to reach out to the bank if you need any clarifications. Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

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