Virgin Australia Velocity Flyer Card – Rates and Fees

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Earn Velocity Points as you spend and receive a balance transfer offer of 0% p.a. for 18 months with no BT fee.

If you apply for the Virgin Australia Velocity Flyer Card and get approved by 31 January 2018, you can take advantage of 0% p.a. for 18 months on balance transfers, without paying any balance transfer fee.

This card lets you earn bonus Velocity points per $1 spent on retail purchases. You can also look forward to $129 Virgin Australia Gift Voucher each year, make use of complimentary insurance covers and up to 44 interest-free days on purchases.

Product NameVirgin Australia Velocity Flyer Card - Balance Transfer Offer
Rewards ProgramVelocity Frequent Flyer
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 date31 January 2018
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% or $30, whichever is greater
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% or $30, whichever is greater
Late Payment Fee$10
Over Limit Fee$0
Cash Advance Fee$2.70 per transaction on cash advance <$100; 2.7% of the transaction amount for $100 & over
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 on balance transfers for the first 18 months.
  • Pay a discounted annual fee of $64 for the first year ($129 p.a. thereafter).
  • Earn 3 bonus Velocity Points on top of the standard earn rate in the first 3 months on everyday spend.
  • Receive $129 Virgin Australia Gift Voucher each year.

Cons

  • An interest rate of 20.74% p.a. applies on purchases.
  • An annual income of $35,000 is required be eligible for the card.
Rewards ProgramVelocity Frequent Flyer
Rewards Points per $ (VISA/MC)0.66
Rewards Points per $ (VISA/MC) Cap10,000
Points Expiry24 months

Virgin Australia Velocity Flyer Credit Card Review

If you’re a Velocity Frequent Flyer member, 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 consolidate existing debts by taking advantage of the promotional balance transfer offer. Plus, receive 24/7 assistance with the concierge service and make use of Virgin flight features up to four times a year. Pay off your balance in full each month, and you can 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 offer. The Virgin Australia Velocity Flyer Card comes with 0% p.a. on balance transfers for 18 months, without a balance transfer fee.
  • $129 gift voucher each year. You’ll receive a $129 Virgin Australia Gift each year – which can 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 also use your voucher for booking 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.
  • 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.
  • 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 standard annual fee for this card is $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 transfer balances from existing credit cards from other issuers onto this card. You can look forward to paying no interest on balance transfers for 18 months, without paying a balance transfer fee.
  • 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

If you think this offer for a Virgin Australia Velocity Flyer Card suits you, you can apply for the card online. But before doing so, 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

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    20 Responses

    1. Default Gravatar
      JodieApril 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
        HaroldApril 14, 2017Staff

        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
      StuartMarch 22, 2016

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

      • Staff
        AllyMarch 23, 2016Staff

        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
        StuartMarch 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
        AllyMarch 24, 2016Staff

        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
      MandyAugust 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
        JonathanAugust 18, 2015Staff

        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
      riaanJuly 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
        ShirleyJuly 14, 2014Staff

        Hi Riaan,

        Thanks for your question.

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

        Cheers,
        Shirley

    5. Default Gravatar
      HayleyJune 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
        ShirleyJune 27, 2014Staff

        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
      nicJune 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
        ShirleyJune 16, 2014Staff

        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
      samApril 6, 2014

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

      • Staff
        JacobApril 7, 2014Staff

        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
      RossOctober 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
        JacobOctober 5, 2013Staff

        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
        RoshiJuly 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
        JonathanJuly 28, 2015Staff

        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 December 11th, 2017
    Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
    NAB Premium Card - Exclusive Offer
    19.74% p.a.
    0% p.a. for 25 months
    $90 p.a.
    Exclusive to finder.com.au, enjoy a no BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
    St.George Vertigo Platinum - Online Offer
    12.74% p.a.
    0% p.a. for 24 months
    $0 p.a. annual fee for the first year ($99 p.a. thereafter)
    Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
    Woolworths Everyday Platinum Credit Card
    19.99% p.a.
    0% p.a. for 14 months
    $0 p.a. annual fee for the first year ($49 p.a. thereafter)
    Receive a $50 eGift Card when you meet the offer criteria, a 0% p.a. for 14 month balance transfer offer and a $0 first year annual fee.
    Virgin Australia Velocity Flyer Card - Bonus Points Offer
    20.74% p.a.
    0% p.a. for 18 months
    $64 p.a. annual fee for the first year ($129 p.a. thereafter)
    Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

    Compare up to 4 providers

    * 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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