Important disclosure
Virgin Money Virgin Australia Velocity High Flyer Card
Balance Transfer
Up to 80,000 bonus Velocity Points + Balance Transfer 0% p.a. for 12 monthsEarn up to 80,000 bonus Velocity Points20 (40,000 Velocity Points each month you spend $3,500 or more on eligible purchases 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.
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%
Purchase Rate
20.74%
p.a
Balance Transfer Rate
0%
p.a
for up to 12 months, then 20.99%
Annual Fee
$289
Promoted credit cards
Promoted
Rewards Black
Bonus Points
180,000 extra ANZ Reward Points and $150 back to your new ANZ Rewards Black credit card when you spend $3,000 on eligible purchases in the first 3 months from approval.*Purchase Rate
20.49%
p.a
Annual Fee
$375
Promoted
Frequent Flyer Black
Bonus Points
Earn 110,000 bonus Qantas Points and $100 back to your card when you spend $5,000 on eligible purchases in the first 3 months from approval.*Purchase Rate
20.49%
p.a
Annual Fee
$425
Pros and cons
For Virgin Australia Velocity High Flyer Card
Benefits
- Rewards Available through Velocity Frequent Flyer
- Extra 80,000 points subject to eligibility conditions
- International travel insurance
- Price guarantee
- Extended warranty
- Concierge
- Special events
- Airport lounge
- Purchase protection insurance
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 High Flyer Card
Details
Card Level Premium | Card Type Visa |
Interest Free Days Interest Free Days 44 | Minimum monthly repayment 2% or $30 |
Minimum credit limit $15k | Maximum credit limit $50k |
Free supplementary cards | Instant Approval |
Target Market Determination Visit Virgin Money (Australia) Pty Limited to view Target Market Determination. |
Fees
Annual Fee Annual Fee $289 | Annual Fee Spend Waiver |
Supplementary card annual fee $89 | 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 |
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 $75k |
Eligibility conditions |
Residency |
Earn Rates
| Rate | Card Type | Earns | Condition |
|---|---|---|---|
| 1 point for $1 spent | Visa | Up to $8k monthly | eligible transactions |
| 0.5 points for $1 spent | Visa | uncapped | eligible transactions |
Perks
- INTERNATIONAL TRAVEL INSURANCE Available for covers up to $16,000 for loss or damage to personal property, $600 for loss or damage to travel documents and $2.5 million of personal liability cover
- 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 21 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.
- EXTENDED WARRANTY Warranty is extended for the same duration as the original warranty up to 1 year.
- CONCIERGE
- SPECIAL EVENTS
- AIRPORT LOUNGE Up to two Virgin Australia lounge passes per year at selected domestic airports
- PURCHASE PROTECTION INSURANCE Cover lasts for 90 days per year
- Balance TransferBonus Points Up to 80,000 bonus Velocity Points + Balance Transfer 0% p.a. for 12 monthsEarn up to 80,000 bonus Velocity Points20 (40,000 Velocity Points each month you spend $3,500 or more on eligible purchases 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.
