Virgin Australia Velocity Flyer Card Bonus Points Offer – Rates and Fees

3 October 2017

Take your next holiday sooner with a card that allows you to earn up to 60,000 bonus points in the first 3 months.

The Virgin Australia Flyer lets you choose an introductory offer that meets your needs. Choose option number three and you are able to enjoy up to 60,000 bonus points in the first 3 months from card approval. As if that’s not enough, you also get 0% p.a. on any transferred balances for 18 months.

Virgin Australia Velocity Flyer Card review

The Virgin Australia Velocity Flyer Card is partnered with one of Australia’s premiere airline loyalty programs, giving you the opportunity to earn unique rewards on flights and receive travel benefits that allow you to enjoy your holiday more. Jet set around the country with a friend up to four times a year and receive a reduced airfare from Virgin Australia Domestic, or fly overseas with the security of complimentary travel insurance.

You get the added benefit of up to 60,000 bonus points in the first 3 months when you meet the spending requirements. When you couple that with the 0% p.a. interest for 18 months on balance transfers, you could save enough to help finance your travels. If these perks pique your interest, then add this card to your list of those that you want to examine more closely.

Benefits of the Virgin Australia Velocity Flyer Card

When you shop using the Flyer credit card issued by Virgin Money, you get to enjoy a number of unique benefits:

• Bonus points offer. Receive up to 60,000 bonus points. Earn 20,000 Velocity Points each month you spend $1,500 on eligible transactions for the first 3 months (up to 60,000 points).
• Balance transfer. No interest on your transferred balances for 0% p.a. for 18 months following activation of your card. After that introductory rate ends, any unpaid balances will then attract the standard cash advance rate.
• Velocity Points. For the first $1,500 spent on eligible transactions, you'll earn 0.66 Velocity Points per $1 spent. An earn rate of 0.5 Velocity Points per $1 spent will apply thereafter.
• Complimentary insurance. For travelling, transit accident insurance covers you in the event of an accidental injury or death while moving from one place to the next. This is contingent on you purchasing the tickets in advance with your Flyer credit card. You are also insured for the balance of any purchase you make where you find the same item at a lower price within 60 days.
• Interest-free days. You can save with up to 44 days of no interest on purchases provided that you pay your balance in full by the due date on each statement.
• Exclusive gift voucher each year. You will be able to enjoy an exclusive $129 Virgin Australia Gift Voucher each year – that’s your annual fee covered. All you have to do is make a retail purchase with your card within two months before requesting your voucher to unlock your benefit. You can use this when booking Virgin Australia flights or selected Virgin Australia holiday packages anytime within the first six months from voucher issue date.

Features of the Virgin Australia Velocity Flyer Card

The Virgin Australia Velocity Flyer Card provides the following features:

• Annual fee. A discounted annual fee will be charged for the first year ($129 p.a. thereafter) along with an annual fee of $39 for each additional card.
• Cash advance fees. A domestic fee of $2.70 per transaction is charged for cash advances of $100 or less. Upwards of $100 a fee equal to 2.7% of the amount advanced will be applied. The international cash advance fee of $5 applies for amounts of $1,000 or more withdrawn with the Velocity Flyer Credit Card.
• Foreign exchange fee. When making purchases while travelling overseas, a fee equal to 3.3% of the transaction amount is charged. Fees charged will be reflected as a single amount on your credit card statement.
• Overlimit fee. As long as cardholders don't exceed their credit limits, they avoid paying the $40 fee. In certain cases, clients can request that charges taking them over the limit not be processed until a later date.
• Over-the-counter fees. Cardholders are charged $2.50 for every transaction made over the counter at a Bank@Post office. To avoid this fee, transactions can be conducted online, by telephone or by direct debit.
• Late payment fee. This fee is charged every seven days following a late payment. Simply ensuring that the account balance covers the minimum payment being debited will spare cardholders this fee. The late payment fee is $10 per week.
• Card type. You get the flexibility of Visa, which is accepted around the world and online as a preferred form of payment.
• Minimum credit limit. The credit limit for this card starts at $6,000 but can go as high as $100,000 depending on your income and credit history.

How to apply for the Virgin Australia Velocity Flyer Card

If you have decided which card offer is right for you, complete the secure online application to apply for this card. There are some requirements you will have to meet before Virgin Money will consider your application.

Eligibility criteria

• You must be at least 18 years old.
• You will need to be earning at least $35,000 a year.
• Only permanent residents of Australia will be considered for this credit card offer.
• Your recent credit history should be in good standing.
• Virgin Money will find you ineligible if you have recently had your application for another credit card denied.
• You must be willing to accept a credit limit of at least $6,000.

Required documents

• Your full name, address and driver’s license number will be required
• Have ready your full name and contact information for your current employer
• You will need to reveal your annual pre-tax salary along with any other income sources and amounts, such those derived from dividends.
• A complete listing of all of your expenses including your share of living expenses and active credit cards and loans

While many credit cards choose to combine all of their benefits, the Virgin Australia Velocity Flyer Card maximises each one by offering it separately. Look at other offers before committing to this one to make sure you find one to give you notable benefits.

Frequently asked questions

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