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

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. When you apply by 31 March 2019 and choose this option, 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 with no balance transfer fee.

Product NameVirgin Australia Velocity Flyer Card - Bonus Points Offer
Rewards ProgramVelocity Frequent Flyer
Balance transfer rate0% p.a. for 18 months
Balance transfer revert rate
The interest rate after the balance transfer ends.
Cash Advance Rate (20.99% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)20.74% p.a.
Offer end date31 March 2019
Annual fee$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 44 days on purchases
Cash advance rate (p.a.)20.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Max credit limit
This credit limit may not be issued to you immediately upon application. This is the maximum credit limit available on this card and you can apply for increases after the account has been opened.
$100,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.3% of transaction value
Complimentary Travel InsuranceNo
Minimum Income$35,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Minimum Monthly Repayment2% or $30, whichever is greater
Late Payment Fee$10
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.3% of transaction value
Cash Advance Fee$2.70 per transaction on cash advance <$100; 2.7% of the transaction amount for $100 & over
Overseas Cash Advance Fee$5
Gambling Transactions AllowedNo
Additional Cardholder Fee$19 p.a. in the first year, then $39 p.a. thereafter
Number of Additional Cardholders4

Pros

  • Earn 60,000 Velocity Points when you spend $4,500 within the first 3 months from card approval (spend $1,500 on eligible transactions each month for the first 3 months, up to 20,000 points per month).
  • 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

  • Relatively high purchase rate of 20.74% p.a. if you carry a balance.
  • You only receive up to 44 days interest-free on purchases as opposed to other platinum card, which offer up to 55 interest-free days.
Rewards ProgramVelocity Frequent Flyer
Bonus Points60,000 bonus points
Rewards Points per $ spent (VISA/MC)0.66

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. Until 31 March 2019, you will earn 20,000 bonus Velocity Points each month you spend $1,500 or more on eligible transactions for the first three months. That's a total of 60,000 bonus points for a $4,500 spend.
  • Balance transfer. 0% p.a. interest on your transferred balances for 18 months following activation of your card. After the introductory period expires, any unpaid balances will then attract the 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.
  • 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. Outside of any promotions, this card charges a $129 annual fee. Any additional cards linked to the account will each be charged $19 p.a. in the first year, then $39 p.a. thereafter.
  • 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.
  • 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.
  • 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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28 Responses

  1. Default Gravatar
    KellyFebruary 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

    • finder Customer Care
      JeniFebruary 11, 2019Staff

      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

  2. Default Gravatar
    Cathalm8January 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?

    • finder Customer Care
      JeniFebruary 2, 2019Staff

      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

  3. Default Gravatar
    KKJanuary 12, 2019

    Hi – does the additional card holder earn points?

    • finder Customer Care
      JeniJanuary 12, 2019Staff

      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

  4. Default Gravatar
    TinaSeptember 20, 2018

    Hi,

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

    Thanks.

    • finder Customer Care
      JeniSeptember 20, 2018Staff

      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

  5. Default Gravatar
    MichaelJuly 10, 2018

    What are eligible transactions towards $1500 spend per month?

    • Default Gravatar
      ArnoldJuly 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

  6. Default Gravatar
    RyanMarch 11, 2018

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

    regards,

    • finder Customer Care
      RonMarch 18, 2018Staff

      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

  7. Default Gravatar
    February 19, 2018

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

    • finder Customer Care
      JonathanMarch 12, 2018Staff

      Hi Trent, thanks for your inquiry!

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

      Best,

      Jonathan

  8. Default Gravatar
    BarbaraFebruary 19, 2018

    Is paying for a surgeon who accepts visa payments considered an eligible purchase?

    • finder Customer Care
      JonathanMarch 12, 2018Staff

      Hi Barbara, thanks for your inquiry!

      This would count as an eligible purchase.

      Best,

      Jonathan

  9. Default Gravatar
    FionaJanuary 4, 2018

    Does the bonus points offer expire at end of January or is it simply you need to sign up before then and you get the full 3 months to earn the 60,000 bonus points?

    • finder Customer Care
      JhezelynJanuary 4, 2018Staff

      Hi Fiona,

      Thank you for your comment.

      You can collect up to 60,000 bonus Velocity points when you apply for the card by January 31, 2018 and are approved. This is by spending $1,500 each month on eligible transactions to be able to earn 20,000 Velocity Points for the first three months.

      Please be advised that from 1 June 2016 your Velocity Points will not expire provided you earn or redeem Points at least once every 24 months. I hope this helps.

      Regards,
      Jhezelyn

  10. Default Gravatar
    BradDecember 24, 2017

    Is there an upper limit cap on the points I can earn per statement?

    • Default Gravatar
      ArnoldDecember 28, 2017

      Hi Brad,

      Thanks for your inquiry

      No, you can earn as many points as you want, but please take note that there is a $1,500 spend limit for each statement period for the higher points earn rate.

      Hope this information helps

      Cheers,
      Arnold

Credit Cards Comparison

Rates last updated February 21st, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Qantas American Express Ultimate Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$450 p.a.
Receive 100,000 bonus Qantas Points, a $450 Qantas Travel Credit each year and 2 complimentary Qantas Club lounge invitations per year.
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
0% p.a. for 22 months on balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.

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