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No longer offered

The Virgin Australia Velocity Flyer Card – 0% Purchase Rate Offer is no longer available for new applications. However, we’ve kept the information online for the benefit of existing customers and for those who are interested. You can compare a range of other interest-free credit cards here.

Pros

0% p.a. interest on purchases for 14 months
0% p.a. interest on balance transfers for 14 months with no BT fee
$129 Virgin Australia Gift Voucher each year
Velocity Points per $1 spent on eligible purchases

Cons

Relatively high interest rates after the introductory period
Velocity Points standard earn rate is relatively low (up to 0.66 points per $1)
3.3% international transaction fee

The Virgin Australia Velocity Flyer earns between 0.5 and 0.66 Velocity Points per $1 on eligible purchases and has a $129 annual fee. It also offers a yearly $129 Virgin Australia gift voucher that could help you justify this cost.

Right now, this introductory offer gives you an interest-free period of 14 months for both purchases and balance transfers. But at the end of the 0% period, the purchase rate goes to 20.74% p.a. and the balance transfer rate goes to 20.99% p.a. Both of these rates are higher than the average standard credit card rate in Australia – so you’ll get the most value from this offer if you can pay off what you owe before interest is charged.

Details

Product details

Product Name	Virgin Australia Velocity Flyer Card - 0% Interest Offer - DISCONTINUED
Balance transfer rate p.a.	0% for 14 months, then 20.99%
Balance transfer limit	80% of available limit
Purchase rate p.a.	0% for 14 months, then 20.74%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	20.99%
Min credit limit	$6,000
Max credit limit	$30,000
Card type	Visa

Eligibility

Available to temporary residents	No
Minimum income	$35,000
Joint application	No

Rewards

Rewards program	Velocity Frequent Flyer
Bonus points	N/A
Rewards points per $ spent	0.66

Fees

Annual fee	$129
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.3%
Cash advance fee	2.7% or $2.70, whichever is greater
Overseas cash advance fee	5%
Additional cardholder fee	$39
Number of additional cardholders	4

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

Eligible balance transfer debt. You can transfer from $500 up to 80% of your available credit limit.
Income. You must earn at least $35,000 per year.

Residency. Only citizens or permanent residents of Australia will be considered.
Credit history. You must have a good credit score for this card. You can check your comprehensive credit report and score for free through Finder.
Age. You must be at least 18 years old to apply for this card.

Required documents

Personal details. Your full name, address and driver's licence number will be required.
Employment. This includes the name and contact details for your current employer, as well as information about your role and the length of time you've worked there.
Financial. You will need to provide your annual pre-tax salary along with any other income sources and amounts, such as those derived from dividends. You'll also need to share details of your financial commitments such as credit cards, loans and living expenses.
Balance transfer information. If you decide to take advantage of the balance transfer offer, you'll need to provide the card or account number/s for any debts you want to transfer to the card.
Velocity Frequent Flyer number. You'll need to include your Velocity membership number so your points can be debited to your frequent flyer account.

Card benefits

Purchase rate offer. Apply and get approved by 29 June 2023 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.
Balance transfer. Pay no interest on your transferred balances for 14 months if you apply and get approved by 29 June 2023. After the introductory period expires, any remaining balance attracts interest at the variable cash advance rate, currently 20.99% p.a. Please note that you won't earn points on balance transfers and a balance transfer debt disqualifies you from interest-free days on new purchases.

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.
$129 gift voucher each year. You can enjoy a $129 Virgin Australia Gift Voucher each year. 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 your voucher to book Virgin Australia flights or selected Virgin Australia holiday packages anytime within the first 6 months from the voucher issue date.
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. You'll need to use your card to purchase your overseas travel tickets before you leave to be eligible for the cover. If you use your card to make a purchase and find the same item at a lower price within 60 days, you can receive the difference through the "Guaranteed Pricing Scheme". Eligibility requirements and terms and conditions apply.
Mobile wallets. You can link your credit card to Google Pay, Samsung Pay and Apple Pay and use your eligible device to make contactless payments.

Rates & fees

Annual fee. This card charges a $129 annual fee.
Additional cardholders. You can request additional cardholders to be linked to your account. A $39 annual fee applies for each card.

Interest-free days. You can save with up to 55 days interest-free on purchases provided that you pay your balance in full by the due date on each statement. Please note that you are not eligible for interest-free days while you are carrying debt from a balance transfer.
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 payment. With this card, you'll need to pay 2% or $30, whichever is greater by the due date on each statement. Please note you need to pay at least the minimum each month, even during the introductory period.
Minimum credit limit. The credit limit for this card starts at $6,000 but can go as high as $30,000 depending on your income and credit history.

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Virgin Australia Velocity Flyer Card – 0% Purchase Rate Offer

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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