Virgin Australia Velocity High Flyer Card

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Book your next holiday sooner with up to 100,000 bonus Velocity Points and an annual flight voucher with the Virgin Australia Velocity High Flyer Card.

The Virgin Australia Velocity High Flyer Card offers competitive features and luxury perks that are suited to points chasers and frequent travellers who often pay on plastic.

100,000

Bonus points

20.74% p.a.

Purchase rate

1

Reward point

Per $ spent (Visa/Mastercard)

$289 p.a.

Annual fee

Details

Product NameVirgin Australia Velocity High Flyer Card
Rewards ProgramVelocity Frequent Flyer
Balance transfer rate0% p.a. for 15 months
Balance Transfer Revert RateCash Advance Rate (20.99% p.a.)
Balance Transfer Limit80% of available balance
Purchase rate (p.a.)20.74% p.a.
Annual fee$289 p.a.
Interest Free Period44 days
Cash advance rate (p.a.)20.99% p.a.
Min credit limit$15,000
Max credit limit$100,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.3% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • 25,000 Velocity Points each month you spend $3,000 each month for the first 3 months and 25,000 extra points after your first anniversary (up to 100,000 total points).
  • 0% on balance transfers for 15 months, with no balance transfer fee
  • $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year
  • Complimentary international travel insurance

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% of transaction value foreign transaction fee
Rewards ProgramVelocity Frequent Flyer
Bonus Points100,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)1
Annual fee$289 p.a.
Minimum Monthly Repayment2% of the closing balance or $30, whichever is greater
Late Payment Fee$30
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
Overseas ATM Withdrawal Fee$5
Additional Cardholder Fee$89
Number of Additional Cardholders4

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 High Flyer card is Virgin Money’s premium frequent flyer product and it boasts one of the largest bonus Velocity Points offers on the market. You can use 100,000 Velocity Points to fly return from Melbourne to Los Angeles in Economy (89,600 points), return from Brisbane to Auckland in business, return from Sydney to Hong Kong in premium economy (44,700 points each way) or return from Brisbane to Fiji in business (35,500 points each way).

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 $3,000 on eligible transactions for the first three months and 25,000 additional points after your first anniversary. This means you could earn up to a total of 100,000 bonus Velocity Points. Offer ends on 24 February 2020.
  • Velocity Points earn rate. Earn 1 Velocity Point per $1 spent on eligible transactions up to 8,000 per month, then 0.5 Velocity Points for every $1 spent thereafter (uncapped). You can redeem your Velocity Points for flights, merchandise through the Velocity Rewards store and other travel expenses.

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, you may refer to our guide on this page.

      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.

      If you want to know which credit cards let you earn points when making ATO payments, please visit this page.

      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

  6. Default Gravatar
    Jlo
    October 31, 2016

    Hi!

    What is the eligible spend and what is the transfer rate from Velocity to Kris flyer?

    • Avatarfinder Customer Care
      Jason
      November 1, 2016

      Hi Jlo.

      Thank you for your inquiry.

      According to the Virgin Australia credit card terms and conditions, eligible purchases refer to any retail purchase which is made by the use of a card or any other means permitted by Virgin, excluding (but not limited to) transactions by way of cash advances, balance transfers, special promotions, fees, purchases of foreign currency and travelers cheques, foreign exchange and ATM/bank charges, interest charges, finance charges, government charges, payments to the Australian Taxation Office, insurance charges, loan account payments (mortgage etc), purchases in excess of limits on the account, business operations transactions and if the account is more than $10,000 in credit only, all other transactions.

      The transfer rate is 1.35 Velocity Points for 1 Krisflyer Mile and a minimum transfer of 5,000 Velocity Points is required. Please click this link for instructions on how to transfer your earned Velocity Points to Krisflyer Miles.

      I hope this helps.

      Cheers,
      Jason

  7. Default Gravatar
    dusty
    September 6, 2016

    Can you earn points for payments made to the ATO?

    Thanks

    • Avatarfinder Customer Care
      May
      September 6, 2016

      Hi Dusty,

      Thank you for your question.

      Unfortunately, the Virgin Australia Velocity High Flyer Card does not earn points for ATO payments. If you want to know which credit cards let you earn points when making ATO payments, please visit this page.

      Cheers,
      May

  8. Default Gravatar
    jk
    February 1, 2016

    I already have a velocity high flyer card, am I eligible for this offer?

    • Avatarfinder Customer Care
      Debbie
      February 1, 2016

      Hi Jk,

      Thanks for your question.

      The current offer for Virgin Australia Velocity High Flyer Card is only applicable to new approved account holders.

      For other credit card options that offer rewards points, please refer to this page.

      I hope this helps.

      Cheers,
      Debbie

    • Default Gravatar
      jk
      February 1, 2016

      Sorry, I currently have a regular flyer card and I am wondering if I can apply for a high flyer card and get this offer.

    • Avatarfinder Customer Care
      Debbie
      February 2, 2016

      Hi Jk,

      Thanks for your question.
      Unfortunately, the current offer is not available to existing Virgin Money credit card holders including account upgrades.

      Cheers,
      Debbie

  9. Default Gravatar
    Trevor
    January 21, 2016

    Hello…

    Is this card able to be put into a business name? or is it is Private holders only???

    • Avatarfinder Customer Care
      Sharon
      January 22, 2016

      Hi Trevor,

      Thanks for your question.

      Unfortunately, the Virgin Australia Velocity High Flyer Card is for private holders only. You may want to check this page for a comparison other business credit cards.

      Cheers,

      Sharon

  10. Default Gravatar
    don
    January 3, 2016

    What purchases earn reward points?

    • Avatarfinder Customer Care
      Sally
      January 4, 2016

      Hi Don,

      Thanks for your question.

      Velocity High Flyer Card cardholders can earn points on ‘eligible purchases’. According to the Virgin Australia credit card terms and conditions, eligible purchases refer to any retail purchase which is made by the use of a card or any other means permitted by Virgin, excluding (but not limited to) transactions by way of cash advances, balance transfers, special promotions, fees, purchases of foreign currency and travellers cheques, foreign exchange and ATM/bank charges, interest charges, finance charges, government charges, payments to the Australian Taxation
      Office, insurance charges, payments to loan accounts (mortgage etc), purchases in excess of limits on the account, transactions made in operating a business and if the account is more than $10,000 in credit only, all other transactions.

      I hope this has helped.

      Cheers,

      Sally

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