Virgin Australia Velocity Flyer Credit Card Balance Transfer and Annual Fee Offer

Virgin Australia Velocity Flyer Credit Card Balance Transfer and Annual Fee Offer

What do you want this card for?
Save money
Earn points
My monthly spend: 
$1,250
 
Offer
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
Virgin Australia Velocity Flyer Credit Card Balance Transfer and Annual Fee Offer
Apply by 31 mar 19
Virgin Australia Velocity Flyer Credit Card Balance Transfer and Annual Fee Offer
Earn 20,000 bonus Velocity Points.
A $129 Virgin Australia Gift Voucher each year.
All this value and more for a reduced $50 p.a. annual fee each year (normally $129 p.a.).
Spend criteria, Terms and Conditions apply.
Add to comparison
Velocity Frequent Flyer
Velocity Frequent Flyer
0.66 pts
per $1 spent
up to $1,500
then 0.5 pts
thereafter
More info
20,000
points
after spend criteria

Pros & cons

What's good?

What's not so good?

Save with a reduced ongoing $50 p.a. annual fee (normally $129 p.a.).
Receive 20,000 bonus Velocity Points when you apply by 31 March 2019, are approved and spend $3,000 or more on eligible transactions within the first 3 months.
Receive $129 Virgin Australia Gift Voucher each year (spend criteria, Terms and Conditions apply).
Save money with 0% p.a. for 18 months on balance transfers (Reverts to cash advance rate).
Earn Velocity Points on your everyday spend, then turn them into flights, accommodation and more.
Personal Concierge Service.
Comes with Transit Accident Insurance.
Pay faster at the checkout using VISA payWave.
High purchase rate of 20.74% p.a..
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
No
Joint application
No
Minimum age
18 years old
Minimum income
$35,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Velocity Frequent Flyer
Temporary residents
N/A

Cardholders

Additional cardholders
4
Additional card fee
$0 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
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.18 months0%80% of credit limit20.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
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
No

Banks you can't balance transfer from

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

  • Bank of Queensland
  • Virgin Money

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.18 months0%80% of credit limit 20.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.75% 20.99% p.a.
Purchases 1.73% 20.74% p.a.

Fees

Annual fee
$50 p.a.
Cash advance fee
2.7%
Dishonour fee
$15
Duplicate statement fee
$7
Foreign exchange fee
3.3%
Late payment fee
$10
Over limit fee
$40
Overseas ATM balance fee
N/A
Overseas ATM withdrawal fee
$5
Overseas emergency card replacement fee
N/A
Transaction verification fee
$7

Rewards & points

Cool stuff you can get with your points

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

Earn rates

Spend typeSpend
Airline spend
Up to $1,500
0.66 pts per $1 spent
thereafter
0.5 pts per $1 spent
ResetN/A
Points capUnlimited

Rewards program basics

First purchase bonus
20,000 points
Reward points expiry
Never as long as you keep your account active
Rewards program
Velocity Frequent Flyer
Spend required for bonus points
$3,000 in 3 months

Earning points with this card

Frequent flyer points
0.66 pts per $1 spent up to $1,500 then 0.5 pts per $1 spent thereafter
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
0.66 pt per $1 spent

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
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.

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