Virgin Australia Velocity High Flyer Card Review – 80k Bonus Points

Virgin Australia Velocity High Flyer Card - 80k Bonus Points offer Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file. An enquiry will only appear on your file once you have submitted a credit card application.

What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

Reduced fees, low balance transfer rates and up to 80,000 bonus Velocity Points. What more could the Australian frequent flyer need in a rewards credit card?

When it comes to enticing bonuses, the Virgin Australia Velocity High Flyer Card is a competitive offer. Just for starters you will get a low balance transfer rate and up to 80,000 points so long as you meet the spend criteria. Plus you have the flexibility of a Visa credit card, which makes shopping all over the world, or from the comfort of your computer, easy. All of this in addition to a valuable rewards program provides you with multiple ways to save and spend money while being rewarded for it.

Product NameVirgin Australia Velocity High Flyer Card - 80k Bonus Points offer
Rewards ProgramVelocity Rewards
Balance transfer rate (p.a.)0% p.a. for 15 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 date30 November 2017
Annual fee$289 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
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.
$15,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Minimum Monthly Repayment2% or $30 (whichever is greater)
Minimum Income$75,000
Card TypeVisa
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
Complimentary Travel InsuranceYes
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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.
$15,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Annual Fee$289 p.a.
Minimum Repayment2% or $30 (whichever is greater)
Late Payment Fee$10
Over Limit Fee$0
Cash Advance Fee2.7% or $2.70 (whichever is greater)
Overseas Cash Advance Fee$5
Overseas ATM Withdrawal Fee$5
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
Gambling Transactions AllowedNo
Additional Cardholder Fee$89 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingNo
Internet Banking TransfersNo
In BranchNo
MailYes

Pros

  • Enjoy up to 80,000 bonus Velocity Points when you meet the spend requirement.
  • Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
  • The balance transfer offer of 0% p.a. interest charged for 15 months is competitive for a credit card in the platinum range.

Cons

  • This card has a high additional cardholder fee of $89 p.a.
  • You are eligible for up to 4 additional cardholders on this account.
  • The cash advance and purchase rates of interest are the same for this card.
  • There is no difference in interest charged when you withdraw money from the ATM and when you use your card to make a purchase.
Rewards ProgramVelocity Rewards
Bonus Points on Sign-up80,000
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap8,000
Points ExpiryNever

Virgin Australia Velocity High Flyer Card review

When you use this credit card for your everyday purchases, you are earning Velocity Points as a part of the Velocity Rewards Frequent Flyer program. These points can add up to discounts on flights and other travel perks. Aside from the frequent flyer program, you can also benefit from a long-term balance transfer offer. With the Virgin Australia Velocity High Flyer Card you get interest-free days on purchases, competitive interest rates, and an array of complimentary insurance covers. This is a rewards credit card you may want to consider if you like all the perks for your spending, and want to earn Velocity Points towards your travelling.

Benefits of using a Virgin Australia Velocity High Flyer Card

The Virgin Australia Velocity High Flyer Card gives you access to a premium frequent flyer program and so much more:

  • Up to 80,000 bonus Velocity Points. Upon activating your Virgin Australia Velocity High Flyer Card, you can receive 16,000 bonus points every month when you spend at least $3,000 on retail purchases in the first five months. This means you could earn up to a total of 80,000 bonus Velocity Points.
  • Rewards program. 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). Velocity Points can then be redeemed for flights, merchandise through the Velocity Rewards store and other travel expenses.
  • Complimentary insurance. Travel insurance covers are included with the card such as international travel insurance and transit accident insurance. Purchases made using the Visa card are also protected with purchase cover, an extended warranty and guaranteed pricing scheme covers.
  • Interest-free days. You will not be charged interest on purchases for up to 44 days barring that you’re not carrying a balance on the card.
  • Balance transfer offer. If you are approved for the card before 30 November 2017, you can take advantage of a balance transfer offer where you are charged 0% p.a. for 15 months. At the end of the promotional period, the rate reverts to the same as for cash advances, currently 20.99% p.a.
  • Annual flight voucher. Each year, you can take advantage of an exclusive $129 Virgin Australia gift voucher. All you need to do is make an eligible purchase on your card within two months before requesting your voucher. You may use your voucher for booking your Virgin Australia flights or selected Virgin Australia holiday packages anytime within the first six months from voucher issue date.
  • Enjoy 2 complimentary Single Entry Virgin Australia domestic Lounge passes. Each year, the passes will appear in your Velocity account as an anniversary present from Virgin Money and are valid until your next card anniversary.

Features of the Virgin Australia Velocity High Flyer Card

In addition to the extras that are included with this credit card make sure that you are comparing the features with reward cards being offered by other banks:

  • Annual fee. $289 is charged each year for using the card.
  • Interest rate. You will be charged at 20.74% p.a. on purchases, while cash advances incur a charge of 20.99% p.a.
  • Flight discounts. Being a member of the Velocity Rewards Frequent Flyer program allows you to earn points towards discounts on domestic and international flights.
  • Additional cards. You are allowed to request up to 4 additional cards, but are charged $89 a year for each one.
  • Minimum credit limit. How much credit you’re offered will be determined by your income and credit history, but the minimum amount will be $15,000.
  • Cash advance fee. If you use your card to withdraw cash inside of Australia, you will be charged $2.70 for transactions under $100 or 2.7% of the withdrawn amount if over $100. For cash withdrawals outside of Australia you will be charged $5, and there is a daily limit of $1,000 which can be taken out from the account.
  • Currency exchange. If you make a purchase in another currency, you will be charged a conversion fee of 3.3% of that amount.

How to apply for the Virgin Australia Velocity High Flyer Card

Once you have decided that this is the rewards credit card for you, complete an online application form. Before you get started, check that you are able to meet the eligibility requirements.

Eligibility criteria

  • Applicants should be at least 18 years of age.
  • You will need to prove an income of $75,000 a year or more.
  • Only permanent residents of Australia are eligible.

Required documents

  • How much you earn and the amount you are paying in living expenses
  • The credit limit and outstanding balance of any open credit account
  • The number issued to you when you became a member of their frequent flyer program
  • If you plan on taking advantage of the introductory balance transfer offer you will need the name of the institution, account number and amount to be transferred.

Frequent flyers will appreciate the many benefits and features that the Virgin Australia Velocity High Flyer Card provides. However, as it isn't the only Velocity frequent flyer credit card on the market, it's best to compare your options before you apply.

Frequently asked questions

There is no fee, and if you are not already a member you can sign up at the same time as you fill out your application.

Yes, Velocity is partnered with a number of other airlines that will allow you to redeem points for miles. These include Etihad, Singapore Airlines, Delta, Atlantic, Hawaiian Airlines and AirBerlin.

If you use BPAY, that money spent will be converted into Velocity Points.

All activity on additional cards is tied to the same account, so the points will be transferred to the primary cardholder.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

32 Responses

  1. Default Gravatar
    AGSeptember 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

    • Staff
      LiezlSeptember 21, 2017Staff

      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

  2. Default Gravatar
    PhilippaAugust 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

    • Staff
      AnndyAugust 31, 2017Staff

      Hi Philippa,

      Thanks for your question.

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

      Cheers,
      Anndy

  3. Default Gravatar
    HansAugust 21, 2017

    Hi,

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

    • Staff
      AnndyAugust 21, 2017Staff

      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

  4. Default Gravatar
    DingoMarch 21, 2017

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

    • Staff
      MayMarch 21, 2017Staff

      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

  5. Default Gravatar
    JloOctober 31, 2016

    Hi!

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

    • Staff
      JasonNovember 1, 2016Staff

      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

  6. Default Gravatar
    dustySeptember 6, 2016

    Can you earn points for payments made to the ATO?

    Thanks

    • Staff
      MaySeptember 6, 2016Staff

      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

  7. Default Gravatar
    jkFebruary 1, 2016

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

    • Staff
      DebbieFebruary 1, 2016Staff

      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
      jkFebruary 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.

    • Staff
      DebbieFebruary 2, 2016Staff

      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

  8. Default Gravatar
    TrevorJanuary 21, 2016

    Hello…

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

    • Staff
      SharonJanuary 22, 2016Staff

      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

  9. Default Gravatar
    donJanuary 3, 2016

    What purchases earn reward points?

    • Staff
      SallyJanuary 4, 2016Staff

      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

  10. Default Gravatar
    PFJune 12, 2015

    Hi

    Can I use my points with partner airlines such as Singapore Airlines with Krisflyer?

    Thanks

    • Staff
      JonathanJune 12, 2015Staff

      Hi PF, thanks for your inquiry!

      This card does allow you to redeem your points for a certain number of miles to receive discounts off your flights with Virgin or any of their partner airlines such as Etihad, Singapore Airlines, Delta, Virgin Atlantic, Hawaiian Airlines and AirBerlin. Please see the following link for a guide on the Velocity Frequent Flyer program.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated November 19th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 15 months
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly faster with up to 2 Qantas Points per $1 spent, receive 2 yearly complimentary Qantas Club lounge invitations, plus, included travel insurance.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question