Virgin Australia Velocity Flyer Card – Rates and Fees

Virgin Australia Velocity Flyer Card - Balance Transfer Offer Find out more Go to site

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Receive a no-fee balance transfer offer, earn bonus Velocity Points as you spend and enjoy Virgin Australia perks.

The Virgin Australia Velocity Flyer Card gives you the ability to earn bonus points for every $1 spent in your first three months from card approval. If you're looking to keep your credit card costs low, a balance transfer offer and the $129 annual fee refund for the first year could come in handy. Plus, you'll also receive up to 44 interest-free days on purchases if you pay your balance in full each month, and complimentary insurance covers. Compare the features and discover how you can earn rewards and cut costs with the Virgin Australia Velocity Flyer Credit Card.

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 date31 October 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 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$129 p.a.
Minimum Repayment2%
Late Payment Fee$10
Over Limit Fee$0
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.
  • 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.
  • Get the $129 annual fee refunded in the first year.

Cons

  • An interest rate of 20.74% p.a. applies on purchases.
  • $35,000 minimum income required per year to be eligible.
Rewards ProgramVelocity Rewards
Rewards Points per $ (VISA/MC)0.66
Rewards Points per $ (VISA/MC) Cap10,000
Points Expiry24 months

Virgin Australia Velocity Flyer Card review

If you’re a loyal Virgin Airlines customer, the Virgin Australia Velocity Flyer Card can be a good way to earn Velocity Points to fly to more than 600 destinations around the world. With a balance transfer offer, a $129 annual fee refund and bonus Velocity Points, you can cater the features of the Velocity Flyer Card to suit your needs.

You can turn to a global concierge service for 24/7 assistance anywhere in the world. You can also look forward to making use of complimentary transit accident insurance and Visa Platinum benefits to get first choice of seats to some of the best events in Australia.

Benefits of the Virgin Australia Velocity Flyer Card

Here are some of the benefits you can expect from this card:

  • Bonus Velocity Points. In your first three months, you can earn 3 bonus Velocity Points on top of your standard earn rates for every $1 spent on eligible transactions (capped at 10,000 points per month).
  • Introductory balance transfer rate. You can use this card to transfer balances from existing cards and pay no interest on transferred balances for 18 months. No balance transfer fee will be charged. To take advantage of this balance transfer offer, you have to apply before 31 October 2017. At the end of the promotional period, any leftover balance starts attracting the card’s cash advance rate.
  • Complimentary insurances. Purchases you make using this card receive protection through the guaranteed pricing scheme, and when you use your card to book travel tickets you can make use of complimentary transit accident insurance.
  • Gift voucher each year. You'll receive a $129 Virgin Australia Gift Voucher each year. To be eligible for this perk, simply make a retail purchase with your card within two months before requesting your voucher to unlock your benefit. Then start booking your Virgin Australia flights or selected Virgin Australia holiday packages anytime within 6 months from voucher issue date.
  • Personal concierge. Like your own personal assistant, you can turn to this service at any time, from anywhere in the world for anything from booking a restaurant reservation, to purchasing concert tickets or booking flights.

Features of the Virgin Australia Velocity Flyer Card

  • Annual fee. This card offers an annual fee refund of $129 in the first year, when you spend $1,000 per month on eligible transaction for the first 6 months.
  • Rewards program. Earn 0.66 Velocity Points per $1 spent on retail purchases up to 5,490 per month (you'll earn 0.5 Velocity Points per $1 thereafter). As an introductory offer, you can also receive 3 bonus Velocity Points on top of your standard earn rates per $1 spent on eligible transactions within the first three months of card approval (capped at 10,000 points per month).
  • Interest-free days. If you pay your account’s closing balance in its entirety every month, you can make use of as many as 44 interest-free days on purchases.
  • Visa payWave. This card comes with payWave technology, so you can use your card to make contactless payments for purchases of up to $100 anywhere you see the payWave symbol.

How to apply for the Virgin Australia Velocity Flyer Card

If you think this offer suits you, you can complete and submit your application online. Before you apply, make sure you've met the eligibility criteria and organised the necessary documents:

Eligibility criteria

  • You are over 18 years old
  • You are an Australian citizen or a permanent Australian resident
  • You earn $35,000 or more per year
  • You can manage a $6,000 minimum credit limit
  • You have good credit rating

Required information

To complete the application successfully you have to provide the following information:

  • Personal details like your complete name, date of birth, marital status, and number of dependents
  • Contact details like your residential status, residential address, email address, and phone number
  • Employment-related information including your employment status and your employer’s name and contact details
  • Information about your income and expenses
  • Any information about relevant assets and liabilities
  • Details of accounts you wish to transfer balances from (if applicable)

The Virgin Australia Velocity Flyer Card could be a worthwhile option for Velocity Frequent Flyers who are looking to get extra perks for paying on plastic. As its not the only frequent flyer card on the market, make sure to compare your options before applying.

Frequently asked questions

You can redeem your Velocity Points for flight tickets, flight upgrades, hotel reservations, car hire, or a range of merchandise through the Velocity store.

Your Velocity Points only expire if don't earn or redeem them at least once every 24 months.

Yes, you can transfer your Velocity Points to your Singapore Airlines KrisFlyer account.

The minimum credit limit of this card is $6,000.

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265 Responses

  1. Default Gravatar
    August 28, 2017

    Hi just wondering if the points are still earned if I use this card for direct debits and bpay bills only?

    • Staff
      HaroldAugust 28, 2017Staff

      Hi Curious,

      Thank you for your inquiry.

      Generally, eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges and government related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs).

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    RobJuly 25, 2017

    What is meant by the no fee “long-term” balance transfer exclusive offer for applications by 31 July 2017. And to be eligible for this offer, does your application need to be made and approved by 31 July or can the offer stand if approved after 31 July?

    • Staff
      JonathanJuly 25, 2017Staff

      Hello Rob,

      Thank you for sending your inquiry today. :)

      As per T&Cs of Exclusive Finder offer Virgin Australia Velocity Flyer Card, line #2 states:

      0% p.a. on Purchases for new Virgin Australia Velocity Flyer Credit Card customers only for the period shown above from the date your account is approved.

      Hence, it needs to be approved from 3 April 2017 to 31 July 2017 offer period.

      Hope this clarifies.

      Cheers,
      Jonathan

  3. Default Gravatar
    NatJuly 17, 2017

    What does 80% of available credit limit mean?

    • Staff
      LiezlJuly 17, 2017Staff

      Hi Nat,

      Thanks for your question.

      This is the maximum percentage of your credit limit which you can use to cover the debts you wish to transfer. Say your approved credit limit is $20,000, you can transfer debts from other credit cards up to $16,000. For more information on balance transfer limit, you may read our guide on this page.

      Cheers,
      Liezl

  4. Default Gravatar
    July 9, 2017

    Hi, it states in the information above on Virgin that if you apply through finder, there is no balance transfer fee. How do you do this when it redirects you to the Virgin site?

    • Staff
      RenchJuly 9, 2017Staff

      Hi Helen,

      Thanks for your inquiry.

      As long as you have clicked on the green ‘Go to Site’ button above this page, the exclusive offer for this card will be applied. You may continue submitting an online application form through Virgin Australia official site.

      Cheers,
      Rench

  5. Staff
    JonathanJune 6, 2017Staff

    Hi Chris!

    Thanks for the comment.

    Yes, you may request a balance transfer from two card sources at the same time, as long as it is within 80% of the balance transfer limit and approved by the bank’s credit guidelines.

    Click “Go to Site” green button to proceed with your application.

    Hope this helps.

    Cheers,
    Jonathan

  6. Default Gravatar
    TerriMarch 30, 2017

    Hi, if i sign up a new virgin credit card, do I need to arrange the balance transfer upon signing or can I do this shortly after approval?

    • Staff
      AnndyMarch 30, 2017Staff

      Hi Terri,

      Thanks for your question.

      With Virgin Money, you can apply for a balance transfer during the application process for a new Virgin Money credit card.

      If you are an existing customer or have already applied for a new card, you may call 13 37 39 to discuss your options should you wish to transfer a balance from another card.

      Cheers,
      Anndy

  7. Default Gravatar
    FaykisMarch 10, 2017

    Hi how is the personal loan balance transfer paid to the personal loan account? Do you offer check? Or BPay?

    • Staff
      AnndyMarch 10, 2017Staff

      Hi Faykis,

      Thanks for your question.

      Generally, balance transfer is a bank-to-bank transaction. Virgin Money will process the payment of your personal loan to the lender. However, you also have the option to request a cheque-to-self drawn on your account. A cheque-to-self is a cheque made out in your name that you can use for paying your personal loan or for any purpose.

      Cheers,
      Anndy

  8. Default Gravatar
    CaseyFebruary 9, 2017

    Hi,

    For the balance transfer it states that you need a min credit limit of $6000. But can i transfer less then that?
    also, once i get approved how do i transfer my credit debt from my other credit card?

    thanks

    • Staff
      MayFebruary 9, 2017Staff

      Hi Casey,

      Thank you for your question and for contacting finder.com.au – we financial comparison website and general information service designed to help consumers make better decisions. Please note that we are not affiliated with any company we feature on our site so can only offer a general advice.

      Basically, when you apply for a balance transfer credit card, you are assigned a “credit limit.” This limit affects your balance transfer as you can only use a certain percentage of it to move existing debts. For instance with this Virgin Australia Velocity Flyer Card, if you’re approved for the minimum credit limit of $6,000, you would only be allowed to transfer up to 80% of $6,000.

      To apply for a balance transfer, you need to go through the process of applying for the credit card, so it is important that you review the eligibility criteria of the card before you apply. Meantime, there’s a section in your application, where you’re asked whether or not you want to transfer a balance from another account. Select, or answer, “yes” and you’ll then be prompted to enter the account number, the amount you want to transfer and the name of the institution you’re transferring from. Please note though that you can’t transfer a balance to a credit card that is also underwritten by the same institution – for your guide please refer to this page. If you’re approved for the card, that means you’re also approved for the balance transfer.

      More information about how balance transfer works on this page.

      Hope this helps.

      Cheers,
      May

  9. Default Gravatar
    February 2, 2017

    Hi,

    I currently have a different credit card with Virgin Money with $0 owing.

    Would I be eligible to apply for this product and balance transfer from my other credit card?

    Thanks very much.
    Grace

    • Staff
      MayFebruary 3, 2017Staff

      Hi Grace,

      Thank you for your inquiry.

      If you think you’ve met the eligibility criteria set for the Virgin Australia Velocity Flyer Card, then you can apply. Simply click on the ‘Go to site’ button above to submit your application. Please note though that if you will conduct a balance transfer onto this card, you must not transfer a debt from a card that is underwritten by Citibank or a card issued by Virgin Money. Please see a guide here.

      Cheers,
      May

  10. Default Gravatar
    TonyJanuary 19, 2017

    Can I transfer a balance from a Citibank card ?

    • Staff
      AnndyJanuary 19, 2017Staff

      Hi Tony,

      Thanks for your question.

      Yes, you can transfer your balance from Citibank to Virgin Australia Velocity Flyer Card.

      You can check this page to know where else you can balance transfer to.

      Cheers,
      Anndy

Credit Cards Comparison

Rates last updated September 24th, 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 24 months
$90 p.a.
Until 1 October 2017, exclusive to finder.com.au, enjoy a no BT fee, balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$55 p.a.
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.

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* 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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