Important disclosure
![Virgin Money (Australia) Pty Limited](http://production-ultimate-assets.ratecity.com.au/creditcard/qrs10w0oivfn3b8hn26d.png)
Virgin Money Virgin Australia Velocity Flyer Card (Points Offer)
Bonus Points
Up to 60,000 Velocity Points + Balance Transfer 0% p.a. for 28 mthsEarn up to 60,000 bonus Velocity Points. Receive 30,000 points for each month you spend $1,500 or more on Eligible Transactions in the first 2 months from card approval. 0% p.a. for 12 months on balance transfers. (Reverts to cash advance rate. No interest free days apply while you have a balance transfer.) $64 annual fee for the first year, and $129 after that.
Purchase Rate
Purchase Rate
20.74%
p.a
Balance Transfer Rate
Balance Transfer Rate
0%
p.a
for up to 12 months, then 20.99%
Pros and cons
For Virgin Australia Velocity Flyer Card (Points Offer)
Benefits
- Rewards Available through Velocity Frequent Flyer
- Extra 100,000 points subject to eligibility conditions
- $64 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 (Points 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 $64 for 12 months then $129 thereafter | Annual Fee Spend Waiver |
Supplementary card annual fee $39 | 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 12 months, then 20.99% |
Transfer Limit 80% of the approved credit limit |
Balance Transfer Fee 1.5% |
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
- Bonus PointsBalance TransferOther Up to 60,000 Velocity Points + Balance Transfer 0% p.a. for 28 mthsEarn up to 60,000 bonus Velocity Points. Receive 30,000 points for each month you spend $1,500 or more on Eligible Transactions in the first 2 months from card approval. 0% p.a. for 12 months on balance transfers. (Reverts to cash advance rate. No interest free days apply while you have a balance transfer.) $64 annual fee for the first year, and $129 after that.
Other Restrictions
Domestic flight redemptions are back. International Flights or Gift Card redemptions may be paused.