Virgin Australia Velocity Flyer Credit Card 22 Months Balance Transfer Offer

Offer

Card features

balance transfer

purchase rate

annual fee

Apply

Apply by 02 dec 19

Virgin Australia Velocity Flyer Credit Card 22 Months Balance Transfer Offer

0% p.a. for 22 months on balance transfers with a 1% BT fee (reverts to cash advance rate).

Save with a reduced $64 p.a. annual fee for the first year ($129 p.a. thereafter).

A $129 Virgin Australia Gift Voucher each year.

Add to comparison

22 months
0% p.a.
then 20.99%
with a 1% fee

20.74% p.a.
ongoing

$64
1st year
then $129

Pros & cons

What's good?

What's not so good?

0% p.a. for 22 months on balance transfers with a 1% BT fee (reverts to cash advance rate).

Save with a reduced $64 p.a. annual fee for the first year ($129 p.a. thereafter).

Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 Points per month).

Receive $129 Virgin Australia Gift Voucher each year (spend criteria, Terms and Conditions apply).

Pay faster at the checkout using VISA payWave.

High purchase rate of 20.74% p.a..

The additional card fee os $39.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

The basics

About this card

Card setup

Single

Card tier

Platinum

Card type

Visa

Card use

Personal

Credit rating

Good

Gambling transactions allowed

Joint application

Minimum age

18 years old

Minimum income

$35,000

Minimum income for pensioners

Same as standard

Pensioners

Eligible (more details)

Rewards program

Velocity Frequent Flyer

Temporary residents

N/A

Cardholders

Additional cardholders

Additional card fee

$39 p.a.

Credit limits

Minimum credit limit

$6,000

Maximum credit limit

$30,000

Repayments

Interest charged from

Statement date

Interest free period

Up to 44 days on purchases

Minimum repayment

Balance transfers

The offer

	Interest rate	Period	Fee	Limit	Revert rate
Balance transfers	0% p.a.	22 months	1%	80% of credit limit	20.99% p.a.

Balance transfers to this card

Balance transfer earns rewards

Balance transfer fee payment due

First statement

Balance transfer from personal loan

Yes

Balance transfer processing time

10 - 14 days

Interest free days with unpaid balance

0 days

Maximum balance transfer

80% of credit limit

Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the Virgin Australia Velocity Flyer Credit Card 22 Months Balance Transfer Offer at the promotional balance transfer rate from:

Bank of Queensland
Virgin Money

Rates & fees

Promotional interest rates

	Interest rate	Period	Fee	Limit	Revert rate
Balance transfers	0% p.a.	22 months	1%	80% of credit limit	20.99% p.a.
Purchases	N/A	N/A	N/A	N/A	N/A

Ongoing interest rates

	Monthly	Annually
Cash advances	1.75%	20.99% p.a.
Purchases	1.73%	20.74% p.a.

Fees

Annual fee

$64 p.a.

Annual fee 2nd year

$129 p.a.

Cash advance fee

2.7%

Dishonour fee

$15

Duplicate statement fee

Foreign exchange fee

3.3%

Late payment fee

$30

Over limit fee

$40

Overseas ATM balance fee

N/A

Overseas ATM withdrawal fee

Overseas emergency card replacement fee

N/A

Transaction verification fee

Rewards & points

Cool stuff you can get with your points

Explore where your points can take you

40 destination ideas

2 x Gold Class Cinema Tickets

19,500 pts

$100 Supermarket Gift Card

19,800 pts

American Tourister Suitcase

27,920 pts

Fitbit Blaze Smart Fitness Watch Black - Large

58,912 pts

Fitbit Flex wireless activity tracker

71,041 pts

PlayStation 4 1TB Console (PS4)

102,227 pts

Dyson V6 Absolute handstick vacuum cleaner

121,882 pts

Apple iPad Air 2 Wi-Fi 64GB - Silver

124,900 pts

Panasonic Viera 32" HD LED LCD TV

127,891 pts

Samsung 32" Full HD LED Smart TV

144,822 pts

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

Reward points expiry

Never as long as you keep your account active

Rewards program

Velocity Frequent Flyer

N/A

Spend required for bonus points

N/A

Earning points with this card

Frequent flyer points

0.66 pt per $1 spent

Overseas earn rate

Same as standard earn rate

Points cap per month

Unlimited

Points cap per year

N/A

Points earned on ATO payments

N/A

Reward points

N/A

Additional benefits

Airport lounge access

Complimentary flight voucher

Concierge service

Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old

You are a resident or citizen of Australia

Earn a regular income of more than $35,000 per year

Have a good credit history

You have your personal details ready to complete the online application

Have not applied for multiple credit cards recently

Age Pension, Disability Pension, Veteran's Pension and Widower's Pension are acceptable.

Austudy, Carer's Allowance, Child Support Payments, Family Tax Benefits and Parenting Payments and Foster Care Allowance are acceptable.

Joint applications are not allowed

Youth Allowance is not acceptable.

Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.