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Virgin Australia Velocity Flyer Card – Balance Transfer Offer

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Save with 0% p.a. on balance transfers for 22 months and half off the first year annual fee.

Save money with this introductory offer from Virgin Money by taking advantage of 0% interest on balance transfers for the first 22 months and a reduced $64 first year annual fee.

0% p.a.

Balance transfer rate

for 22 months


Bonus points

20.74% p.a.

Purchase rate


Reward points

Per $ spent

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Product NameVirgin Australia Velocity Flyer Card - Balance Transfer Offer
Rewards programVelocity Frequent Flyer
Balance transfer rate0% p.a. for 22 months
Balance transfer revert rateCash Advance Rate (20.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate20.74% p.a.
Annual fee$64 annual fee for the first year ($129 p.a. thereafter)
Interest-free period55 days
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 22 months, with no BT fee
  • 3 bonus Velocity Points per $1 spent in the first 3 months
  • Discounted $64 first-year annual fee
  • $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 points30,000
Rewards points per $ spent0.66
Rewards points capUncapped
Annual fee$64 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

Expert review

Amy Bradney-George

Review by

Amy Bradney-George is the acting editor for credit cards and has more than 13 years’ experience writing about personal finance. She has bylines in publications including The Sydney Morning Herald, ABC News and The Equity Magazine. A passionate writer, she’s also acting editor for Finder X and senior writer for Finder Green. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not writing she spends her time as an actress.

Expert review

The Virgin Australia Velocity Flyer is an entry-level frequent flyer credit card that is currently offering a long 22-month interest-free balance transfer, a discounted first year annual fee and up to 30,000 bonus Velocity Points.

While these are all great features, if you're taking advantage of the balance transfer offer, you should focus on paying down your existing debt and make sure not to spend beyond your budget for the sake of bonus points. This is especially true as you do not get any interest-free days on new purchases while you have a balance transfer.

How to apply

You can apply for the Virgin Australia Velocity Flyer online in around 10 minutes and will need to apply by 30 November 2020 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 30 November 2020 and save with 0% interest on your transferred balances for the first 22 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.
  • Discounted first year annual fee. Save $65 with a reduced annual fee of $64 for the first year, reverting to $129 in subsequent years.

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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