Virgin Australia Velocity Flyer Card – Rates and Fees

Information verified correct on December 10th, 2016
Virgin Australia Velocity Flyer Card - Balance Transfer Offer Find out more Go to site

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Choose from three different balance transfer and bonus points offers depending on what works for you, and earn Velocity Points as you spend.

If you apply for the Virgin Australia Velocity Flyer Card by 16 January 2017, you get to choose from two introductory offers, which come with promotional interest rates, bonus Velocity Points, and waiver of the first year’s annual fee. You get to redeem Velocity Points you earn for more than flight rewards, and you can also look forward to discounted fares when travelling with a friend. Cardholders can make use of complimentary insurance covers, and they get as many as 44 interest free days on purchases.

Product NameVirgin Australia Velocity Flyer Card - Balance Transfer Offer
Rewards ProgramVelocity Rewards
Balance transfer rate (p.a.)0% p.a. for 18 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 date16 January 2017
Annual fee$64 p.a. annual fee for the first year ($129 p.a. thereafter)
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.
$6,000
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%
Minimum Income$35,000
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 InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$35,000
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.
$6,000
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$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Minimum Repayment2%
Late Payment Fee$10
Over Limit Fee$40
Cash Advance Fee$2.70
Overseas Cash Advance 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$39 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingNo
Internet Banking TransfersNo
In BranchNo
MailYes

Pros

  • A 0% p.a. rate is applied for balance transfers for the first 18 months.
  • Half annual fee for the first year
  • Earn 2 bonus Velocity Points in the first 3 months on everyday spend.
  • $129 Virgin Australia Gift Voucher each year

Cons

  • Applies an interest rate of 20.74% p.a. for purchases.
  • $35,000 minimum income required per year to be eligible.
Rewards ProgramVelocity Rewards
Rewards Points per $ (VISA/MC)0.66
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) Cap0
Points Expiry36 months

Virgin Australia Velocity Flyer Credit Card Review

If you’re a Velocity Frequent Flyer, this card is designed to help you get the maximum value out of your Velocity Points. As well as earning bonus points as you spend, cardholders can also reduce existing debts by taking advantage of the promotional balance transfer. Plus, receive 24/7 assistance with your very own concierge service and take use of reduced flight features up to four times a year. Use this card in the right way, and you can even take advantage of up to 44 interest-free days on purchases.

Benefits of using a Virgin Australia Velocity Flyer card

As a Virgin Australia Velocity Flyer cardholder you can look forward to the following benefits:

  • Promotional offers. One option comes with a 0% p.a. balance transfer rate for 18 months, you can earn  bonus Velocity Points when you spend  in the first four months, and you pay half the annual fee in the first year. Another option is to make use of a 0% p.a. balance transfer rate for 6 months and a 0% purchase rate for 12 months.
  • Complimentary insurance. When you use this card to pay for travel you can make use of complimentary transit accident insurance, and guaranteed pricing scheme offers protection to purchases you make using this card.
  • Exclusive gift voucher each year. You’ll receive an exclusive $129 Virgin Australia Gift each year – which could be used to cover your annual fee. Just make a retail purchase with your card within 2 months before requesting your voucher to unlock your benefit to be eligible for this perk. You may use your voucher for booking your Virgin Australia flights or selected Virgin Australia holiday packages anytime within the first 6 months from voucher issue date. You’ll also be able to enjoy two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
  • Personal Concierge. Access to the Visa Platinum Concierge Service is free and 24/7. You can make use of this service globally, and it can help you in matters like travel, entertainment, dining, and business.

Features of the Virgin Australia Velocity Flyer Credit Card

If you’re considering applying for this Virgin Money credit card take some time to go through the features it comes with, which are as follows:

  • Annual fee. The first year’s annual fee depends on the selected promotional offer, and from the second year on this card charges an ongoing annual fee of $129.
  • Interest-free days. By paying your account’s closing balance completely every month you can make use of up to 44 interest-free days on purchases.
  • Balance transfers. You can use this card to transfer balances from existing cards. Depending on the promotional offer you choose to go with, you can look forward to paying no interest on balance transfers for 6 or 18 months.
  • Rewards program. You earn 0.66 Velocity Point for every dollar you spend up to $1,500 per month, and then 0.5 points per dollar thereafter. When you use your card with Velocity partners, you can earn points twice.
  • Visa payWave. This technology gives you the ability to use your card for making contactless payments of up to $100.
  • Card security. Fraudshield is in place to monitor your card activity and detect unusual transactions, and upon detecting any it notifies you of the same immediately. Visa's Zero Liability policy ensures you don’t have to pay for fraudulent transactions as long as you use your card responsibly.

How to apply for the Virgin Australia Velocity Flyer Card

You can apply for the Virgin Flyer Credit Card over the phone and online. To apply online, simply complete the secure application form, but make sure you meet the following eligibility criteria.

Eligibility criteria

  • You’re at least 18 years old.
  • You’re a permanent Australian resident.
  • You earn $35,000 p.a. or more.
  • You don't have a poor credit history.

Required documents

  • Your name, residential address, phone number, email address, date of birth, marital status, and number of dependents
  • Your employer’s name and contact details
  • Details about your income and expenses
  • Details about your assets and liabilities

If you want to make the most of your Velocity Frequent Flyer membership, the Virgin Australia Velocity Flyer card could be of benefit to you. The promotional offer options give the card some flexibility, and discounted flights and concierge services will prove useful for frequent travellers. As this isn’t the only frequent flyer credit card on the market, you’ll need to compare your options to find the right option for you.

Frequently asked questions

How can I check the status of my application?

After you submit your application, you will receive a reference number that you can use to check your application’s status online or over the phone.

What balances can I transfer to this card?

You can use this card to transfer balances from non-Virgin Money issued MasterCard and Visa credit cards, most store cards, personal loans, and lines of credit.

What is the minimum and maximum balance I can transfer?

You can transfer as little as $500, and up to .

How can I make repayments?

You can make repayments via direct debit, via BPAY, by posting cheques, or by visiting Australia Post offices that display the Bank@Post symbol.

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204 Responses to Virgin Australia Velocity Flyer Card – Rates and Fees

  1. Staff
    Elizabeth | January 28, 2015

    Hi Leanne,

    Thanks for your question.

    This isn’t a current benefit with this card. You might be referring to two other offers with the card that are slightly different. The bonus points offer lets you earn up to 10,000 bonus points if you apply before the cut-off date and spend $5,000 or more on retail purchases on your card within three months of card approval date. The other offer has to do with flights, whereby you can access reduced fares when you and a friend fly together on Virgin Australia saver flights up to four times a year.

    I hope this has helped.

    Thanks,

    Elizabeth

  2. Default Gravatar
    Edrick | September 29, 2014

    The information is filled out correctly, every time I try to proceed, it ask to recheck highlighted ares for extra information…when i check the form there are no highlighted areas to add or correct, ?
    cheers

    • Staff
      Elizabeth | September 30, 2014

      Hi Edrick,

      Thanks for your question.

      The actual application form that you’re filling out is with Virgin Australia, so any problems you have filling out the form will need to be taken up with them directly. You can try filling out the application form again, and if it still doesn’t work then you can call Virgin directly to ask what the problem might be.

      Hope this has helped.

      Thanks,

      Elizabeth

  3. Default Gravatar
    pamela | February 8, 2014

    Ist it free to have an additional card holder?
    Can an additional card holder be authorised to converse with Virgin over the phone about regarding the account?

    • Staff
      Marc | February 10, 2014

      Hi Pamela,
      thanks for the question.

      The minimum income for this card is $35,000 gross, and each additional cardholder comes with a fee of $39. You can authorise additional cardholders to make enquiries, but account maintenance, including changing account details, must be done by the primary cardholder.

      Cheers,
      Marc.

  4. Default Gravatar
    Wayne | December 5, 2013

    Hi Staff, about 2 years ago I applied for a credit card through NAB and ANZ and both times refused because of one indiscretion of a late council rate payment due to the bill being sent to an old address. Once I became aware it was paid immediately but it seems my credit rating has been tarnished since. Now long do I have to wait to return to a good credit rating? I would like to apply for a card like this but I’m not sure what the credit rating check will say and I don’t want to waste the banks and my time. Needless to say I pay my rates by direct debit these days!

    • Default Gravatar
      pamela | February 8, 2014

      I understand the minimum income has to be 35000 but is that gross or net?

    • Staff
      Jacob | December 5, 2013

      Hi, Wayne.

      Thanks for your question.

      Direct debits are a great way of staying on top of your expenses. You will need to have a look at copy of your credit file. You can order a free copy, or pay a fee and get it sent express. This will allow you to see what the lender sees when they asses your credit file. It will also provide information on each type of default and how long it will remain as a listing on your credit file.

      I hope this helps.

  5. Default Gravatar
    Marianne | August 14, 2013

    Can I use my personal Virgin Aust Velocity Flyer Card to pay for my business expenses and earn points?

  6. Default Gravatar
    Pat | August 6, 2013

    Which option do I choose on this website to apply for the 15000 free introductory points offer

    • Staff
      Shirley | August 6, 2013

      Hi Pat,

      Thanks for your comment.

      You need to meet a certain criteria to be eligible. After you’ve met the criteria, then the points will automatically be added to your account.

      Here is the criteria, which I’ve copied from above – “You can earn up to 15,000 bonus points when you apply for this card and spend within the first three months. According to the Virgin website, ‘Get 7,500 bonus Points when you apply by 30 June and make a retail purchase within 3 months of card approval. Get an additional 7,500 bonus Points when you spend $5,000 within 3 months of card approval.”

      Cheers,
      Shirley

  7. Default Gravatar
    Greg | June 17, 2013

    I have tried on 4 occasions to fill in an application for a Velocity credit card, every time I enter the contact details of a friend the application keeps locking in 04, i put the contact mobile in but when I come to finalise the application it takes me back to this section, it won’t let me complete or send. Frustrated.

    • Staff
      Jacob | June 17, 2013

      Hi Greg. Please retry the application in a different browser. If you still have problems, please contact us anytime at help@finder.com.au – Jacob.

  8. Default Gravatar
    joost | June 10, 2013

    Possibly a silly question, the minimum credit card limit is $6K, does this mean I must always have at least $6000 outstanding on my credit card?
    thanks
    Joost

    • Staff
      Jacob | June 11, 2013

      Hi Joost. Thanks for your question. The minimum credit limit is not the amount you need to have owing, but rather it’s the minimum amount of available credit you must have on your card. Let us know if this explanation makes sense. Jacob.

  9. Default Gravatar
    David | June 2, 2013

    The travel offer is one free ticket on a Virgin Flight if you purchase the first ticket with this card (up to 4 times per year). I have a family of 6 so if I have this card and purchase 3 tickets do I get the other 3 for free if I use the card to buy the first 3?

    • Staff
      Jacob | June 3, 2013

      Hi David. Thanks for your question. Please have a look at this page. It gives a breakdown on how the Virgin free flights offer works. The offer is calculated by giving you a half price discount on the full price of the fare and it’s valid for four flight segments in total. Two tickets would still be charged at full price. Hope this helps. Jacob.

  10. Default Gravatar
    Warren | March 25, 2013

    Are their any complimentary Virgin
    points on opening card

    could you send conditions of travel
    insurance included in the card

    • Staff
      Jacob | March 25, 2013

      Hi Warren. Thanks for your question. I’ve sent the travel insurance terms and conditions in a separate email. You can earn up to 15,000 bonus points when you apply for this card and spend within the first three months. According to the Virgin website, ‘Get 7,500 bonus Points when you apply by 30 June and make a retail purchase within 3 months of card approval. Get an additional 7,500 bonus Points when you spend $5,000 within 3 months of card approval.’ Hope this helps.

Credit Cards Comparison

Rates last updated December 10th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* 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.

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