Important disclosure
Virgin Money Virgin Australia Velocity Flyer Card (Balance Transfer Offer)
Balance Transfer
0% p.a. on balance transfers for 24 monthsPurchase Rate
Purchase Rate
20.74%
p.a
Balance Transfer Rate
Balance Transfer Rate
0%
p.a
for up to 24 months, then 20.99%
RateCity Says
“Enoy 22 months of 0% card interest or earn 3 additional bonus points per $1 on your everyday spend in the first 3 month with this competitive card offer from Virgin Money. ”
Pros and cons
For Virgin Australia Velocity Flyer Card (Balance Transfer Offer)
Benefits
- Rewards Available through Velocity Frequent Flyer
- $0 annual fee in the first 12 months and $129 p.a thereafter.
- Price guarantee
- Concierge
- Special events
Drawbacks
- Higher than average ongoing variable purchase rate
- Higher than average ongoing annual fee
- Does not offer free supplementary cards
Virgin Money Rate Credit card overview
For Virgin Australia Velocity Flyer Card (Balance Transfer Offer)
Details
Card Level Platinum | Card Type Visa |
Interest Free Days Interest Free Days 55 | Minimum monthly repayment 2% or $30 |
Minimum credit limit $6k | Maximum credit limit $30k |
Free supplementary cards | Instant Approval |
Target Market Determination Visit Virgin Money (Australia) Pty Limited to view Target Market Determination. |
Fees
Annual Fee Annual Fee $0 for 12 months then $129 thereafter | Annual Fee Spend Waiver |
Supplementary card annual fee $0 | Late Payment Fee $30 |
Over limit fee $40 | Duplicate statement fee $7 |
Electronic Wallet Service
Important Rates
Rates
Purchase Rate Purchase Rate 20.74% p.a |
Cash advance rate 20.99% p.a |
Cash advance fee 2.7% or $2.7 |
Balance Transfer
Balance Transfer Rate Balance Transfer Rate 0% p.a for up to 24 months, then 20.99% |
Transfer Limit 80% of the approved credit limit |
Balance Transfer Fee |
Overseas spending
Foreign Exchange Fee 3.3% on Visa |
Overseas charges Overseas charges $5 |
Estimated ATM Cost $14.9 for AU $300 withdrawal |
Rewards
Program name Velocity Frequent Flyer |
Rewards Available Gift Card, Domestic Flights, International Flights |
Eligibility
Minimum age 25 |
Minimum income $35k |
Eligibility conditions |
Residency |
Earn Rates
Rate | Card Type | Earns | Condition |
---|---|---|---|
0.66 points for $1 spent | Visa | Up to $1.5k monthly | eligible transactions |
0.5 points for $1 spent | Visa | uncapped | eligible transactions |
Perks
- PRICE GUARANTEE If you purchase personal goods in Australia and then find the same product advertised later in a printed catalogue at a cheaper price within 60 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is more than $75 and less than $500.
- CONCIERGE
- SPECIAL EVENTS
- Balance Transfer 0% p.a. on balance transfers for 24 months