Virgin Australia Velocity Flyer Card – Balance Transfer Offer

This card offers 0% p.a. on balance transfers for 28 months and a $0 first-year annual fee, but no interest-free days on purchases while you have a balance transfer.

If you want to pay off an existing debt, this Virgin Australia Velocity Flyer offer gives you 0% interest on balance transfers for the first 28 months. You'll also save with a $0 annual fee in the first year. But if you're still repaying your balance transfer after the introductory period, you'll be charged interest at the cash advance rate – currently 20.99% p.a.

0% p.a.

Balance transfer rate

for 28 months

20.74% p.a.

Purchase rate


Reward points

Per $ spent

$0 p.a.

Annual fee

for the first year ($129 p.a. thereafter)

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Product NameVirgin Australia Velocity Flyer Card - Balance Transfer Offer
Rewards programVelocity Frequent Flyer
Balance transfer rate0% p.a. for 28 months
Balance transfer revert rateCash Advance Rate (20.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate20.74% p.a.
Annual fee$0 annual fee for the first year ($129 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate20.99% p.a.
Min credit limit$6,000
Max credit limit$100,000
Card typeVisa
Foreign currency conversion fee3.3%
Minimum income$35,000
Available to temporary residentsNo
Joint applicationNo


  • 0% interest on balance transfers for the first 28 months, with no BT fee
  • $0 first-year annual fee ($129 p.a. thereafter)
  • $129 Virgin Australia Gift Voucher each year


  • Purchase interest rate of 20.74% p.a. is relatively high
  • A 3.3% fee applies to transactions made in a foreign currency
Rewards programVelocity Frequent Flyer
Bonus pointsN/A
Rewards points per $ spent0.66
Rewards points capUncapped
Annual fee$0 annual fee for the first year ($129 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3.3%
Cash advance fee2.7% or $2.70, whichever is greater
Overseas cash advance fee$5
Additional cardholder fee$39
Number of additional cardholders4

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Virgin Australia Velocity Flyer is an entry-level frequent flyer credit card that is currently offering a long 28-month interest-free balance transfer and a $0 first-year annual fee.

While these are valuable features when you want to save on credit card costs, be aware that you don't get any interest-free days on new purchases while you have a balance transfer. So focusing on paying down your existing debt will help you make the most of this offer.

How to apply

You can apply for the Virgin Australia Velocity Flyer online in around 10 minutes and will need to apply by 31 January 2022 to take advantage of the balance transfer offer. To get started, make sure you meet the eligibility requirements and have the documents and details you'll need for the application.

Eligibility criteria

  • Eligible balance transfer debt. You can transfer from $500 up to 80% of your available credit limit from Australian accounts not issued by Citigroup; this includes credit cards, store cards, personal loans and lines of credit.
  • Minimum income. You must earn a minimum of $35,000 a year to apply for this card.

Card benefits

  • Balance transfer. Apply by 31 January 2022 and save with 0% interest on your transferred balances for the first 28 months. After the introductory period expires, any unpaid balance will be charged interest at the cash advance rate, currently 20.99% p.a. Please note that you will not earn points on balance transfers and a balance transfer debt disqualifies you from interest-free days on new purchases.
  • Waived first-year annual fee. Save with a $0 annual fee for the first year, which goes to $129 from the second year on. Offer ends on 31 January 2022.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges an annual fee of $129.
  • Interest rates. This card charges an interest rate of 20.74% p.a. on purchases and 20.99% p.a. on cash advances.
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