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Virgin Australia Velocity Flyer Card – 0% Purchase Rate Offer

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Earn Velocity Points as you spend and get 0% on purchases for 14 months with the Virgin Australia Velocity Flyer card.

When you apply for the Virgin Australia Flyer card, you can choose from three introductory offers to suit different needs. With this option, you can save with a promotional 0% interest rate on purchases for 14 months when you apply by 30 November 2020. You'll also get a discounted annual fee of $64 in the first year with this offer.

0% p.a.

Balance transfer rate

for 6 months

0% p.a.

Purchase rate

for the first 14 months (reverts to 20.74% p.a.)

0.66

Reward points

Per $ spent

$64 p.a.

Annual fee

for the first year ($129 p.a. thereafter)

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Details

Product NameVirgin Australia Velocity Flyer Card - 0% Interest Offer
Rewards programVelocity Frequent Flyer
Balance transfer rate0% p.a. for 6 months
Balance transfer revert rateCash Advance Rate (20.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate0% for 14 months, reverts to 20.74% p.a.
Annual fee$64 annual fee for the first year ($129 p.a. thereafter)
Interest-free period55 days
Cash advance rate20.99% p.a.
Min credit limit$6,000
Max credit limit$100,000
Card typeVisa
Foreign currency conversion fee3.3%
Minimum income$35,000
Available to temporary residentsNo
Joint applicationNo

Pros

  • 0% p.a. interest on purchases for 14 months
  • Discounted annual fee of $64 for the first year
  • Balance transfer offer of 0% p.a. for 6 months with no BT fee
  • Earn 0.66 points per $1 spent on the first $1,500 per statement period and 0.5 points per $1 spent thereafter (uncapped).

Cons

  • Relatively high purchase rate of 20.74% p.a. applies after the promotional period
  • Charges a 3.3% foreign transaction fee
Rewards programVelocity Frequent Flyer
Rewards points per $ spent0.66
Annual fee$64 annual fee for the first year ($129 p.a. thereafter)
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 fee5%
Additional cardholder fee$39
Number of additional cardholders4

Expert review

Sally McMullen

Review by


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 gives you a way to earn points on your everyday spending and boasts a a long-term 0% purchase rate offer when you apply by 30 November 2020. The discounted first-year annual fee could also sweeten the deal, at least temporarily.

How to apply

You can apply for the Virgin Australia Velocity Flyer card online in 10 minutes and receive a response within 60 seconds. Before you get started, make sure that you meet the eligibility criteria and have the necessary details to complete the application.

Eligibility criteria

  • Income. You must earn at least $35,000 per year.
  • Residency. Only citizens or permanent residents of Australia will be considered.

Card benefits

  • Purchase rate offer. Apply and get approved by 30 November 2020 and you'll pay 0% p.a. interest on purchases for the first 14 months. Any remaining balance attracts the variable purchase rate of 20.74% p.a. thereafter.
  • Velocity Points. For the first $1,500 you spend on eligible transactions each month, you'll earn 0.66 Velocity Points per dollar spent. An earn rate of 0.5 Velocity Points per dollar spent will apply thereafter.

Rates & fees

  • Annual fee. Outside of any promotions, a $129 annual fee applies for this card.
  • Additional cardholders. You can request additional cardholders to be linked to your account. A $39 annual fee applies for each card.
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