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.