Virgin Australia Velocity Flyer Card 0% Purchases Offer – Rates and Fees

Information verified correct on May 24th, 2017
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Take your spending to all new heights with a card that earns you points for flights, but charges you 0% p.a. interest on your purchases for the first 12 months.

Virgin Australia offers a rewards card program where you get to choose the benefits that meet your needs. Choose option number two and you are able to enjoy interest-free days on purchases for an entire year. As if that’s not enough, you also get 0% p.a. on any transferred balances for 6 months.

Important changes to rewards as of June 2017

Please note that Virgin Australia Velocity Flyer Card customers will no longer earn additional Velocity Points for spend on Virgin Australia purchases effective 15 June 2017.

Product NameVirgin Australia Velocity Flyer Card - 0% Interest Offer
Rewards ProgramVelocity Rewards
Balance transfer rate (p.a.)0% p.a. for 6 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.)0% p.a. for 12 months (reverts to 20.74% p.a.)
Offer end date15 June 2017
Annual fee$129 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.
$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 Repaymentthe greater of 2% or $30
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$129 p.a.
Minimum Repaymentthe greater of 2% or $30
Late Payment Fee$10
Over Limit Fee$0
Cash Advance Fee2.7% of the transaction amount or $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
MailNo
Rewards ProgramVelocity Rewards
Rewards Points per $ (VISA/MC)0.66
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap990
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Virgin Australia Velocity Flyer Card review

The Virgin Australia Velocity Flyer Card is partnered with one of Australia’s premiere Australian airlines, giving you the opportunity to earn unique rewards on flights and receive travel benefits that allow you to enjoy your holiday more. Jet set around Australia with a friend up to four times a year and receive a reduced airfare from Virgin Australia Domestic, or fly overseas with the security of complimentary travel insurance.

You get the added benefit of making purchases and getting up to 365 interest-free days. When you couple that with the 0% p.a. interest for 6 months on balances transfers, you’ll save enough to have some pocket money during your travels. If these perks pique your interest, then add this card to your list of those that you want to examine more closely.

Benefits of the Virgin Australia Velocity Flyer Card

When you shop using the Flyer credit card issued by Virgin Australia, you get to enjoy a number of unique benefits:

  • Purchase rate offer. Pay 0% p.a. interest on purchases for the first 12 months.
  • Balance transfer. No interest on your transferred balances for 0% p.a. for 6 months following activation of your card. After that introductory rate ends, the rate reverts to a 20.99% p.a.
  • Velocity Points. For the first $1,500 spent on eligible transactions, you'll earn 0.66 Velocity Points per dollar spent. An earn rate of 0.5 Velocity Points per dollar spent will apply thereafter.
  • 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. This is contingent on you purchasing the tickets in advance with your Flyer credit card. You are also insured for the balance of any purchase you make where you find the same item at a lower price within 60 days.
  • Interest-free days. After your 365 interest-free days expire, you can still save with up to 44 days of no interest on purchases provided that you pay your balance in full.
  • Exclusive gift voucher each year. You will be able to enjoy an exclusive $129 Virgin Australia Gift Voucher each year – that’s your annual fee covered. 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 this when booking Virgin Australia flights or selected Virgin Australia holiday packages anytime within the first 6 months from voucher issue date.

Features of the Virgin Australia Velocity Flyer Card

The Virgin Australia Velocity Flyer Card provides the following features:

  • Annual fee. An annual fee of $129 will be charged, along with an annual fee of $39 for each additional card.
  • Cash advance fees. A domestic fee of 2.7% of the transaction amount or $2.70 is charged for cash advances of $100 or less. Upwards of $100 a fee equal to 2.7% of the amount advanced will be applied. The international cash advance fee of $5 applies for amounts of $1,000 or more withdrawn with the Velocity Flyer Credit Card.
  • 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.
  • Overlimit fee. As long as cardholders don't exceed their credit limits, they avoid paying this fee of $0. In certain cases, clients can request that charges taking them over the limit not be processed until a later date.
  • Over-the-counter fees. Cardholders are charged 2.7% of the transaction amount or $2.70 for every transaction made over the counter at a Bank@Post office. To avoid this fee, transactions can be conducted online, by telephone or by direct debit.
  • Late payment fee. This fee is charged every seven days following a late payment. Simply ensuring that the account balance covers the minimum payment being debited will spare cardholders this fee. The late payment fee is $10 per week.
  • Card type. You get the flexibility of Visa, which is accepted around the world and online as a preferred form of payment.
  • Minimum credit limit. The credit limit for this card starts at $6,000 but can go as high as $100,000 depending on your income and credit history.

How to apply for the Virgin Australia Velocity Flyer Card

If you have decided which card offer is right for you, complete the secure online application to apply for this card. There are some requirements you will have to meet before Virgin will consider your application.

Eligibility criteria

  • You must be at least 18 years old.
  • You will need to be earning at least $35,000 a year.
  •  Only permanent residents of Australia will be considered for this credit card offer.
  • Your recent credit history should be in good standing.
  • Virgin Money will find you ineligible if you have recently had your application for another credit card denied.
  • You must be willing to accept a credit limit of at least $6,000.

Required documents

  • Your full name, address and driver’s license number will be required
  • Have ready your full name and contact information for your current employer
  • You will need to reveal your annual pre-tax salary along with any other income sources and amounts, such those derived from dividends.
  • A complete listing of all of your expenses including your share of living expenses and active credit cards and loans

While many credit cards choose to combine all of their benefits, the Virgin Australia Velocity Flyer Card maximises each one by offering it separately. Look at other offers before committing to this one to make sure you find one to give you notable benefits.

Frequently asked questions

No, there is no balance transfer fee with this card.

Unfortunately, this card is only available for permanent residents of Australia.

No, you can earn as many points as you want, but there is a spend limit for each statement period. Once that limit has been reached, you will earn one point for every two dollars spent.

Yes, the combined amount of the primary and additional cards work towards the spend limit.

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20 Responses to Virgin Australia Velocity Flyer Card 0% Purchases Offer – Rates and Fees

  1. Default Gravatar
    Jodie | April 10, 2017

    I will be using this credit card primarily for an overseas holiday. The fees and foreign exchange rate that are incurred with purchases made overseas. Are these fees included in 0% interest free purchases?

    • Staff
      Harold | April 14, 2017

      Hi Jodie,

      Thank you for your inquiry.

      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.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    Stuart | March 22, 2016

    When you click on the green button to go to virgins’s site it says the site cannot be reached

    • Staff
      Ally | March 23, 2016

      Hi Stuart,

      Glad to hear from you again.

      Anyway, this issue might be similar to what you’ve encountered before.
      Have you tried clearing your cache yet?

      Cheers,
      Ally

    • Default Gravatar
      Stuart | March 23, 2016

      I figured out that there was something wrong with my PC that’s why I was getting errors.
      I always clear cookies and cache that is the first thing I do then I try different browsers.

      Anyway…
      Again I know this is an exclusive offer with card finder but is there a phone # I can contact virgin at to ask some specific questions to about this card.

      Also I was told by other card companies that have applied to and was approved that a 457 visa is not considered a temporary visa. They consider temporary visas student visas, holiday visas, etc. and even a visa that is actually called a temporary visa.

      I have applied to 2 card companies that plainly said on a product details page like this one that said no to temporary residents but after I called them they said I would be eligible because I have a 457 and a permanent contract for Australia. (btw I have only lived in AUS 9 months). So it was a combination of how much $ I made per year, my contract length, credit history, and 457 visa that got me approved. Just figured I put that out there.

    • Staff
      Ally | March 24, 2016

      Hi Stuart,

      I see.
      It’s good to know that you’re finally able to figure out what the problem was.
      I hope it’ll allow you to go through the application forms this time.

      As you’ve requested, I just emailed you a link to Virgin Money’s contact details.

      I hope this has helped.

      Cheers,
      Ally

  3. Default Gravatar
    Mandy | August 18, 2015

    Hi, can I earn points for payments made to the ATO with this card?
    do I earn points on all purchases/money spent on this card or are there restrictions of what I can earn points for?

    • Staff
      Jonathan | August 18, 2015

      Hi Mandy, thanks for your inquiry!

      Unfortunately this credit card does not allow you to earn points for payments to made the ATO. Please refer to the following link for earning rewards points with ATO payments.

      Cheers,

      Jonathan

  4. Default Gravatar
    riaan | July 12, 2014

    Hi , what is the balance transfer fee on this card, can see the 0% on the other virgin cards but the space on this card is left blank??? please advice. Thank you

    • Staff
      Shirley | July 14, 2014

      Hi Riaan,

      Thanks for your question.

      There is no balance transfer fee for the Virgin Flyer Credit Card.

      Cheers,
      Shirley

  5. Default Gravatar
    Hayley | June 26, 2014

    I am on a 457 visa for 4 years and will be applying for my Permanent Residency in November 2015. Am I eligible?

    Thanks
    Hayley

    • Staff
      Shirley | June 27, 2014

      Hi Hayley,

      Thanks for your question.

      This card is not available for temporary residents. You can find a list of card available for temporary residents on this page.

      Cheers,
      Shirley

  6. Default Gravatar
    nic | June 13, 2014

    can the credit card allow transfer of balance from a personal loan?
    and would it be a 0% interest on the balance.

    • Staff
      Shirley | June 16, 2014

      Hi Nic,

      Thanks for your question.

      Virgin allows balance transfers from personal loans. It might be best to apply for this over the phone or in person to transfer your personal loan.

      Cheers,
      Shirley

  7. Default Gravatar
    sam | April 6, 2014

    Is there a limit to the points i can earn? I spend about $2m per year.

    • Staff
      Jacob | April 7, 2014

      Hi, Sam.

      Points are uncapped. You will earn one Velocity Point for each whole Australian dollar up to $1,500 each Statement Period. After you’ve reached that limit, you will earn 0.5 Velocity Points for each whole Australian dollar spent thereafter.

      Thanks for your question.

  8. Default Gravatar
    Ross | October 5, 2013

    I am not on $35000 p.a

    I am a part time university student earning around 23,000 p.a

    I have an existing card with another provider with an 8,000 limit.

    i have a 100% credit history.

    Will i still be considered for this card.

    • Staff
      Jacob | October 5, 2013

      Hi Ross.

      Probably not. If you don’t meet the minimum income requirement, this means you can’t service the minimum credit limit the lender offers with this card.

      Low rate credit cards have lower minimum income requirements. You can compare these cards here.

      Thanks for your question.

    • Default Gravatar
      Roshi | July 27, 2015

      I am having ready credit ( line of credit)with citibank on debit card. Can I transfer that with virgin card on balance transfer offer with 0% interest??
      Thanks.

    • Staff
      Jonathan | July 28, 2015

      Hi Roshi,

      Virgin allows balance transfers from personal loans and line of credit accounts. If you would like to apply for this, please see this page to compare and apply for Virgin credit cards. You may also want to check this page for more details on this process.

      I hope this has helped.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated May 24th, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Exclusive Offer
Take advantage of 0% p.a. for 18 months on balance transfers without a BT fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
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
HSBC Platinum Credit Card
Earn 1 Reward Point per $1 spent and receive an annual fee refund with minimum spend.
19.99% p.a. 0% p.a. for 22 months with 2% balance transfer fee $99 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 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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