Virgin Australia Flyer Credit Card Bonus Points Offer

Last updated: May 11, 2020

Offer not currently available

Velocity Frequent Flyer has temporarily paused all redemptions and as such, applications for the Virgin Australia Velocity Flyer and High Flyer credit cards have been suspended as well. You can still apply for the No Annual Fee or Low Rate credit cards as they do not earn Velocity Points.

0% p.a.

Balance transfer rate

for 12 months with 1.5% balance transfer fee

70,000

Bonus points

20.74% p.a.

Purchase rate

0.66

Reward points

Per $ spent

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Details

Product Name	Virgin Australia Velocity Flyer Card - Bonus Points Offer
Rewards program	Velocity Frequent Flyer
Balance transfer rate	0% p.a. for 12 months with 1.5% balance transfer fee
Balance transfer revert rate	Cash Advance Rate (20.99% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	20.74% p.a.
Annual fee	$64 annual fee for the first year ($129 p.a. thereafter)
Interest-free period	55 days
Cash advance rate	20.99% p.a.
Min credit limit	$6,000
Max credit limit	$100,000
Card type	Visa
Foreign currency conversion fee	3.3%

Minimum income	$35,000
Available to temporary residents	No
Joint application	No

Pros

Earn 20,000 Velocity Points when you spend $1,500 each month for the first 3 months, plus 10,000 extra points after your first anniversary (up to 70,000 total points)
Balance transfer offer of 0% p.a. for 12 months
Receive complimentary Transit Accident Insurance

Cons

Charges a one-time 1.5% balance transfer fee
Spend requirement for total bonus points is tricky ($1,500 each month for the first 3 months)
Velocity Points standard earn rate is relatively low

Rewards program	Velocity Frequent Flyer
Bonus points	70,000
Rewards points per $ spent	0.66

Annual fee	$64 annual fee for the first year ($129 p.a. thereafter)
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$10
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	$39
Number of additional cardholders	4

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

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 70,000 Velocity Points for a return economy flight from Melbourne to Singapore (70,000 points) or to fly from Sydney to Singapore (one-way) 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.

Although you’ll pay a reduced annual fee in the first year, you can help offset the card’s standard annual fee with the $129 Virgin Australia gift voucher each year.

If you’re after a bigger bonus points offer but don’t mind forking out for a larger annual fee, consider the Virgin Australia Velocity High Flyer credit card.

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.

New cardholders. Only new customers can access the bonus points offer.
Good history. You must have a good credit score and history. You can check your comprehensive credit report and score for free through Finder.
Age. You must be at least 18 years old.

Required documents

Personal details. Your full name, address and driver's licence number will be required.
Proof of identification. This includes your Australian driver's licence, passport or Medicare card.
Employment. You'll need to confirm your current employment as well as your employer's name and contact details.
Income. You'll need to confirm your income with recent bank statements and payslips. You'll also need to detail any other income sources, including those derived from dividends.
Finances. This includes your living expenses as well as any other credit limits (or outstanding balances) of any other credit cards or loans.
Balance transfer. If you're conducting a balance transfer, you'll need to include the card or account number of any balances you wish to transfer.

Card benefits

Bonus points offer. Until 30 April 2020, you will earn 20,000 bonus Velocity Points each month you spend $1,500 or more on eligible transactions for the first three months. Plus 10,000 additional points after your first anniversary.
Reduced first year annual fee. This card offers a discounted annual fee of $64 in the first year.

Earn 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.
$129 gift voucher each year. You can enjoy a $129 Virgin Australia Gift Voucher each year – that's your annual fee covered. You just have to use your card to make a retail purchase 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.
Balance transfer. 0% p.a. interest on your transferred balances for 12 months (with a one-time 1.5% balance transfer fee) following activation of your card. After the introductory period expires, any unpaid balances will then attract the cash advance rate. You can transfer up to 80% of your approved credit limit from non-Virgin or Citi accounts. Please note that you won't earn points on your balance transfer.
Complimentary travel insurance. You can travel with peace of mind and save on travel costs with this feature. Transit accident insurance covers you in the event of an accidental injury or death while moving from one place to the next. You must use your credit card to purchase your overseas travel ticket to activate the insurance. Eligibility requirements, exclusions and terms and conditions apply.
Guaranteed Pricing Scheme. If you use your card to make a purchase and you see it advertised elsewhere for a price different greater than $75 within 60 days, you'll be refunded the difference up to $500.
Mobile wallets. You can link your account to Samsung Pay and use your eligible device to make contactless payments.
Security. Your account is protected by Fraudshield and Visa's Zero Liability policy. This means you'll be alerted if any suspicious activity is monitored on your account and you won't be liable if any fraudulent transactions are made with your card.

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 $39.
Purchase interest rate. Your purchases will collect the 20.74% p.a. interest rate.

Cash advance interest rate. If you use your card to make a cash advance, such as an ATM withdrawal, you'll be charged a 20.99% p.a. interest rate.
Foreign exchange fee. If you use your card to make a foreign transaction overseas or when shopping online with an international merchant, you'll be charged a fee equal to 3.3% of the transaction. Fees charged will be reflected as a single amount on your credit card statement.
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.
Interest-free days. You can save with up to 55 days interest-free on purchases provided that you pay your balance in full by the due date on each statement. Please note that you are not eligible for interest-free days while you are carrying debt from a balance transfer.

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42 Comments

Cyrus
January 7, 2020

hi, what is the eligible transactions for the bonus point ?

Reply
- Nikki
  January 8, 2020
  
  Hi Cyrus,
  
  Thanks for your comment and I hope you are doing well.
  
  Eligible Transaction for this card 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). Check the Rewards Program for High Flyer and Flyer Terms and Conditions for full details and definition on the Virgin website.
  
  Hope this helps and feel free to reach out to us again for further assistance.
  
  Best,
  Nikki
  
  Reply
Andy
September 17, 2019

Hi there,

Just wondering what they classify as new customer. I was with them 15 months ago, am I eligable?

Reply
- Nikki
  September 18, 2019
  
  Hi Andy,
  
  Thanks for your message. To be eligible for the Virgina Australia Flyer CC Bonus Points offer, you must not have an existing Virgin Money Credit Card (including upgrades). If you are still looking for credit cards with bonus points offers, you can refer to this page. On the page, you will find a table that compares the features and benefits of each credit card such as bonus points, points per spend, interest rates and annual fee. This way it will be easier for you to see which provider fits you best. You can also click the compare box beside each loan option and compare up to 4 options side by side for easier comparison.
  If you need further help, a quick guide on how to compare credit cards is also stated on the page.
  
  As a friendly reminder, check the eligibility requirements of the card before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.
  
  Hope this helps!
  
  Best,
  Nikki
  
  Reply
Erin
July 30, 2019

Hello,

Are there any costs incurred when utilizing the balance transfer option as well as using the credit card for everyday transactions (groceries, petrol, coffee, etc)? Or is this card best used as just for a balance transfer, or only as an everyday card.

Thanks,
Erin

Reply
- finder Customer Care
  
  Jeni
  July 31, 2019
  
  Hi Erin,
  
  Thank you for getting in touch with Finder.
  
  While you can use a balance transfer credit card for purchases, you’ll probably be charged interest on any new transactions. This is because the promotional 0% interest rate applies to the debt you’ve transferred to the card and not to new purchases. As per this card’s official page, you are not entitled to any interest free days whilst you have a balance transfer. This means that all spend will be charged interest at the applicable ongoing purchase rate. Velocity Points are not issued on balance transfers. This card offers no balance transfer fee when doing a balance transfer. It depends on you if you wish to use this card for balance transfer only or for everyday spend only but not ideal on using both at the same time.
  
  I hope this helps.
  
  Thank you and have a wonderful day!
  
  Cheers,
  Jeni
  
  Reply
Harry
July 2, 2019

Can I get this card if I haven’t held it for 12 months or can I have never held it?

Reply
- finder Customer Care
  
  Jeni
  July 3, 2019
  
  Hi Harry,
  
  Thank you for getting in touch with Finder.
  
  Yes, you may apply for this card as a new customer. 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
Ian
June 10, 2019

What are eligible transactions?

Reply
- finder Customer Care
  
  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
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
- finder Customer Care
  
  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
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
- finder Customer Care
  
  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
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
- finder Customer Care
  
  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
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
- finder Customer Care
  
  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
KK
January 12, 2019

Hi – does the additional card holder earn points?

Reply
- finder Customer Care
  
  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

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