Virgin Australia Velocity High Flyer Card

Offers 100 bonus Status Credits and up to 100,000 bonus Velocity Points, but you’ll need to meet different spend requirements to get them all.

Right now, the Virgin Australia Velocity High Flyer Card offers the rare combination of bonus Velocity Points and Status Credits when you apply by 31 May 2022. You'll then earn 25,000 bonus Velocity Points each month when you spend at least $3,500 on eligible transactions for the first 4 months from card approval – up to a maximum 100,000 bonus points.

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100,000

Bonus points

20.74% p.a.

Purchase rate

1

Reward point

Per $ spent

$289 p.a.

Annual fee

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Details

Product NameVirgin Australia Velocity High Flyer Card
Rewards programVelocity Frequent Flyer
Balance transfer rate p.a.0% for 12 months
Balance transfer revert rateCash Advance Rate (20.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate p.a.20.74%
Annual fee$289
Interest-free periodUp to 44 days on purchases
Cash advance rate20.99% p.a.
Min credit limit$15,000
Max credit limit$100,000
Card typeVisa
Foreign currency conversion fee3.3%
Minimum income$75,000
Available to temporary residentsNo
Joint applicationNo

Pros

  • Up to 100,000 bonus Velocity Points and 100 bonus Status Credits
  • 0% on balance transfers for 12 months, with no BT fee
  • $129 Virgin Australia Gift Voucher and 2 complimentary Single-Entry Virgin Australia domestic Lounge passes per year

Cons

  • Relatively high purchase interest rate of 20.74% p.a.
  • Offers up to 44 days interest-free on purchases, compared to other cards that offer up to 55 days
  • Charges a 3.3% foreign transaction fee
Rewards programVelocity Frequent Flyer
Bonus points100,000
Rewards points per $ spent1
Annual fee$289
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3.3%
Cash advance fee2.7% or $2.70, whichever is greater
Overseas cash advance fee$5
Overseas ATM withdrawal fee$5
Additional cardholder fee$89
Number of additional cardholders4

Review by


Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Velocity High Flyer Card is Virgin Money’s premium frequent flyer product. It earns 1 point per $1 on eligible purchases up to $8,000 per month, then 0.5 points per $1 spent thereafter. It also offers the rare combination of bonus Velocity Points and Status Credits. To give you an idea of the points potential, 100,000 bonus Velocity Points is more than enough for a return business class flight from Brisbane to Perth (from 35,500 points per way) or $400 worth of Coles Group & Myer gift cards (87,200 points for 4 gift cards worth $100 each).

How to apply

You can apply for the Virgin Australia High Flyer Credit Card online in 10 minutes. Check that you meet the eligibility criteria and have the following details handy before you get started.

Eligibility criteria

  • Minimum income. Applicants must earn $75,000 per year or more.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • Up to 100,000 bonus Velocity Points. Upon activating your Virgin Australia Velocity High Flyer Card, you will earn 25,000 bonus points every month when you spend at least $3,500 on eligible transactions for the first 4 months. This means you could earn up to a total of 100,000 bonus Velocity Points. Offer ends on 31 May 2022.
  • 100 bonus Status Credits. You'll earn 100 bonus Status Credits for your Velocity Frequent Flyer account when you spend $500 or more on Virgin Australia flights booked through www.virginaustralia.com in the first 4 months from card approval. The bonus Status Credits will be added to your account 60 Days after you meet the spend criteria. Offer ends on 31 May 2022.

Rates & fees

  • Annual fee. This card charges a $289 annual fee.
  • Interest rate. You will be charged 20.74% p.a. interest on purchases, while cash advances attract a 20.99% p.a. interest rate.

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34 Comments

  1. Default Gravatar
    Charles
    September 9, 2019

    Is this only for new card members?

    • Avatarfinder Customer Care
      Charisse
      September 10, 2019

      Hi Charles,

      Thanks for reaching out to Finder.

      Yes, Virgin Australia Velocity High Flyer Card is only for new card members.

      This offer is not available to existing Virgin Money credit card holders (including upgrades) and can’t also be used in conjunction with other Virgin Australia Velocity High Flyer Point promotions or offers.

      I hope this helps.

      Cheers,
      Charisse

  2. Default Gravatar
    AG
    September 19, 2017

    Hi,

    To get the points, do I need to spend $3000 per month for 5 months or its total of $3000 in 5 months to get 80000 points?

    Thanks,
    AG

    • Default Gravatar
      Liezl
      September 21, 2017

      Hi AG,

      Thanks for your question.

      You have to spend $3,000 per month on eligible transactions in the first 5 months and receive 16,000 velocity points each month. To know what are these eligible purchases, please review your card’s Product Disclosure Statements/Terms and Conditions.

      Cheers,
      Liezl

  3. Default Gravatar
    Philippa
    August 31, 2017

    Hi there
    Can velocity points in the primary cardholders name be used to purchase flights for the secondary cardholder if there is another person with an additional card tied to the same account?
    Thanks

    • Avatarfinder Customer Care
      Dee
      August 31, 2017

      Hi Philippa,

      Thanks for your question.

      Velocity frequent flyer members may redeem points to acquire an Air Reward for other people.

      Cheers,
      Anndy

  4. Default Gravatar
    Hans
    August 21, 2017

    Hi,

    If I pay tax bills to the ATO will this give me frequent flyer points?

    • Avatarfinder Customer Care
      Dee
      August 21, 2017

      Hi Hans,

      Thanks for your question.

      This card will not give you points for ATO payments.

      For more options, please check our list of credit cards that allow you to earn rewards points when paying taxes.

      Cheers,
      Anndy

  5. Default Gravatar
    Dingo
    March 21, 2017

    Are there any rules on cancelling the credit card before in the first year

    • Avatarfinder Customer Care
      May
      March 21, 2017

      Hi Dingo,

      Thank you for your inquiry.

      Basically no. Most credit card companies would allow you to cancel your account at anytime so long that you do not have an outstanding balance on the account.

      Cheers,
      May

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