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Virgin Australia Flyer Credit Card Bonus Points Offer

Sally McMullen
Sally McMullen
Last updated:  

Travel sooner with a card that offers up to 75,000 bonus Velocity Points and save with a reduced first year annual fee.

The Virgin Australia Flyer lets you choose an introductory offer that meets your needs. When you choose this option, you can earn up to 75,000 bonus points in the first 3 months.

0% p.a.

Balance transfer rate

for 18 months

75,000

Bonus points

20.74% p.a.

Purchase rate

0.66

Reward points

Per $ spent (Visa/Mastercard)

Find out more Go to Virgin's site

Details

Product NameVirgin Australia Velocity Flyer Card - Bonus Points 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$64 for the first year ($129 thereafter)
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

  • Earn 75,000 Velocity Points when you spend $4,500 within the first 3 months.
  • Balance transfer offer of 0% p.a. for 18 months with no balance transfer fee.
  • Earn Velocity Points on everyday spend.
  • Receive complimentary Transit Accident Insurance.

Cons

  • Spend requirement for total bonus points is tricky ($1,500 each month for the first 3 months).
  • Only 44 days interest-free days on purchases, compared to many cards offering 55.
Rewards ProgramVelocity Frequent Flyer
Bonus Points75,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)0.66
Annual Fee$64 for the first year ($129 thereafter)
Minimum Monthly Repayment2% of transaction value or $30, whichever is greater
Late Payment Fee$10
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$39
Number of Additional Cardholders4
Go to Virgin's siteMore info

Expert review

Sally McMullen

Review by

Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The Virgin Australia Velocity Flyer card has a relatively competitive bonus points offer, although the spend requirement over the first three months is a little trickier than some other frequent flyer credit cards. If the spend requirement lines up with your budget, you could redeem 75,000 Velocity Points for a premium economy flight from Melbourne to Los Angeles (71,700 points) or to fly from Sydney to Singapore in business class (59,500 points).

You can reward your spending with Velocity Points, but you’ll collect points at a lower rate after you’ve spent $1,500 per statement period. If you spend more than this a month, you might want to consider a card with a higher spend threshold before the reduced earn rate kicks in.

How to apply

You can apply for the Virgin Australia Velocity Flyer credit card online. The application should only take 10 minutes to complete and you can expect a response within 60 seconds.

Before you get started, check that you meet the eligibility requirements and have the necessary information handy.

Eligibility criteria

  • Income. You must earn at least $35,000 a year.
  • Residency. Only permanent residents of Australia will be considered for this credit card offer.
Go to Virgin Money's siteMore info

Card benefits

  • Bonus points offer. Until 30 June 2019, you will earn 25,000 bonus Velocity Points each month you spend $1,500 or more on eligible transactions for the first three months. That's a total of 75,000 bonus points for a $4,500 spend.
  • Reduced first year annual fee. This card offers a discounted annual fee of $64 in the first year.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a $129 annual fee. Any additional cards linked to the account will each be charged $19 in the first year, then $39 p.a. thereafter.
  • Purchase interest rate. Your purchases will collect the 20.74% p.a. interest rate.
Go to Virgin Money's siteMore info

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34 Comments

  1. Default Gravatar
    Ian
    June 10, 2019

    What are eligible transactions?

    Reply
    • AvatarStaff
      Jhez
      June 10, 2019

      Hello Ian,

      Thank you for your comment.

      According to Virgin Money, eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges and government related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs).

      Regards,
      Jhezelyn

      Reply
  2. Default Gravatar
    Luciano
    April 2, 2019

    Anz presently has a cap of 1000 points per month irrespective of amount spent on card. Is virgin the same?

    Reply
    • AvatarStaff
      John
      April 3, 2019

      Hi Luciano,

      Thank you for reaching out to Finder.

      Earn 0.66 points per $1 spent on the first $1,500 per statement period and 0.5 points per $1 spent thereafter (uncapped). Hope this helps!

      Cheers,
      Reggie

      Reply
  3. Default Gravatar
    George
    March 11, 2019

    Would like to apply for a business credit card and have some questions if I may.
    -What is the capping on dollar spend each month to earn points?
    -What are the reward points earned for each business category, eg, Govt. Dept.
    -What is the conversion ratio of reward points to frequent flyer points?
    -Which airline partners are included/excluded?

    Regards,
    George

    Reply
    • AvatarStaff
      Jeni
      March 12, 2019

      Hi George,

      Thank you for getting in touch with Finder.

      Since you’re enquiring about a business credit card, you may apply for an American Express Velocity Business Credit Card. That is 1 reward point per dollar spend, however 0.5 point per dollar spent on governments bodies. Any points earned from eligible purchases on your American Express Velocity Business Card will be transferred directly to your Velocity account. When you spend with Virgin Australia you’ll earn 2 Velocity Points per dollar spent.

      If you are still looking around, kindly visit our business credit card page to start comparing your options.

      Please make sure though to read the eligibility criteria, features and details of the 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

      Reply
  4. Default Gravatar
    Kelly
    February 8, 2019

    Hi guys,

    I sometimes buy things on Paypal and I’d like to know if I can use this card to pay merchants on Paypal or will it treat it as a cash advance?

    Thanks,
    Kelly

    Reply
    • AvatarStaff
      Jeni
      February 11, 2019

      Hi Kelly,

      Thank you for getting in touch with finder.

      You may use this Virgin Australia Velocity Flyer card on Paypal since it is a Visa card. Cash-like transactions on this card are gambling, balance transfer’s remaining balance, government and utility bills and cash withdrawals. I still suggest that you contact them directly to verify this matter.

      If you consider applying for this card please make sure though to read the eligibility criteria, features and details of the 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

      Reply
  5. Default Gravatar
    Cathalm8
    January 30, 2019

    Hi,

    When does the monthly cycle start to spend the $1500? Say I activate my card on 15th Jan 2019, do I then have 1 full month i.e until 15th Feb 2019 to spend the $1500 in order to get the 20k points?

    Also, will the points be sent to my Qantas account on a monthly basis?

    Reply
    • AvatarStaff
      Jeni
      February 2, 2019

      Hi Cathal,

      Thank you for getting in touch with finder.

      For your points enquiry, they will be credited to the Primary Cardholders Velocity Account up to 60 days after the qualifying purchases.

      Kindly contact Virgin directly to discuss your billing cycle as they have the access to your account would accurate advise on when you may spend $1500 to be eligible for the bonus points.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

      Reply
  6. Default Gravatar
    KK
    January 12, 2019

    Hi – does the additional card holder earn points?

    Reply
    • AvatarStaff
      Jeni
      January 12, 2019

      Hi KK,

      Thank you for getting in touch with finder.

      Yes, the additional cardholder also earn points.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

      Reply
  7. Default Gravatar
    Tina
    September 20, 2018

    Hi,

    Is there a certain amount of points earnt that allows access into the virgin lounge?

    Thanks.

    Reply
    • AvatarStaff
      Jeni
      September 20, 2018

      Hi Tina,

      Thank you for getting in touch with finder.

      You may purchase lounge access with your Velocity points.

      As per Velocity’s official page, “Single entry lounge passes can now be redeemed in advance of travel using 10,000 Velocity Points via the Velocity Rewards Store. Please allow up to 3 days for lounge passes to be credited to your Velocity account. Single entry passes can also be purchased with a credit card from the lounge reception on the day of travel for $65.”

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

      Reply
  8. Default Gravatar
    Michael
    July 10, 2018

    What are eligible transactions towards $1500 spend per month?

    Reply
    • Default Gravatar
      Arnold
      July 10, 2018

      Hi Micheal,

      Thanks for your inquiry

      According to the terms and conditions for this card, Eligible Transaction means any purchase excluding (but not limited to):

      -Cash Advances
      -Balance Transfers
      -Special Promotions
      -BPAY payments
      -Purchases of foreign currency and travelers’ cheques
      -Transactions made in operating a business
      -Bank fees and charges such as interest and ATM charges and government-related transactions.

      Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court-related costs).

      For more information about this card or to see the full Terms and Conditions, please visit Velocity Frequent Flyers’ Website.

      Hope this information helps

      Cheers,
      Arnold

      Reply
  9. Default Gravatar
    Ryan
    March 11, 2018

    Once an application is submitted, how long does it take for the card to be distributed and account set up?

    regards,

    Reply
    • AvatarStaff
      Ron
      March 18, 2018

      Hello Ryan,

      Good day! Appreciate you contacting finder regarding your inquiry today.

      It should take less than 10 minutes to complete if you have all your info on hand, and Virgin Australia will get back to you with a response 60 seconds after you submit your application and once approved they’ll have your Card out to you within 10 working days.

      You can also easily check the status of your application online 24/7 using your 17 digit reference number, which they’ll email to you soon after you’ve submitted your application or you can also follow up over the phone.

      Hope this helps!

      All the best,
      Ron

      Reply
  10. Default Gravatar
    Trent
    February 19, 2018

    Does a balance transfer count as a spend to earn rewards points or only new purchases?

    Reply
    • AvatarStaff
      Jonathan
      March 12, 2018

      Hi Trent, thanks for your inquiry!

      Only eligible purchases qualify for spend towards rewards points, balance transfer do not.

      Best,

      Jonathan

      Reply
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