Virgin Australia Velocity Flyer Credit Card

What do you want this card for?
Save money
Earn points
My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
Virgin Australia Velocity Flyer Credit Card
Apply by 31 jan 19
14 reviews
Virgin Australia Velocity Flyer Credit Card
Save money with 0% p.a. for 18 months on balance transfers. (Reverts to cash advance rate)
Earn 3 bonus Velocity Points on top of the standard earn rate for the first 3 months.
Half year annual fee of $64 p.a. for the first year.
Add to comparison
18 months
0% p.a.
then 20.99%
with a 0% fee
20.74% p.a.
ongoing
$64
1st year
then $129

Pros & cons

What's good?

What's not so good?

Save money with 0% p.a. for 18 months on balance transfers.
Earn 3 bonus Velocity Points on top of the standard earn rate for the first 3 months.
$129 Virgin Australia Gift Voucher which cardholders get each year.
Half year annual fee of $64 p.a. for the first year.
Personal Concierge Service.
Pay faster at the checkout using VISA payWave.
After the promotional period, points earn rates revert to the standard 0.66 pt per $1 spent before spend threshold, and 0.5 pts per $1 spent after.

User reviews

4.0 out of 5.0 based on 14 reviews79% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Bonus rewards, low fees

Reviewed and recommended by Scott on 06 Dec 2016

It’s a simple credit card with an easy rewards system. You can link payments from other Virgin services to earn bonus rewards, and it has a low annual fee and low late payment fees.

Virgin will call you if you miss a payment and help you if you need it. Sometimes they will even reverse the late payment fee.

It's okay for Velocity points accumulation

Reviewed and recommended by Silvana on 25 Oct 2016

It’s a great card but why can’t the secondary cardholder accumulate Velocity points for the primary cardholder?

It does have high interest. Use only if you want to accumulate Velocity points, but otherwise use a lower interest rate card.

It’s accessible and has high limits. It’s easy to apply online.

Velocity points made 21st birthday gift possible

Reviewed and recommended by Railea on 21 Sep 2016

I wanted to somehow save enough money to send my daughter overseas for her 21st birthday. Being able to accumulate Velocity points has made that possible.

My Virgin card means I always have someone in service to talk to, who can help me out, and their interest rates are on a par with anyone else’s. Virgin all the way for me.

At least you get something back

Reviewed and recommended by Linda on 20 Sep 2016

I have been a Virgin Velocity Flyer card member for many years and have enjoyed multiple flights across Australia with the Velocity scheme. I pay my card off in full every month and am not concerned by the high interest rate.

The customer service has been excellent, as has the overall security service.

Virgin card changes

Reviewed and not recommended by Janice on 13 Jul 2016

I got my Virgin Velocity Flyer card several years ago with a special extra points offer. I think it was 10,000 to take up the offer and 1 point per $1 spent up to $1500. There was also a free flight twice a year for an accompanying friend. Since then, in March 2016 the points per $1 have gone down to .66 of one point, and there are no more free flights for travel companions.

Lovely card and very handy

Reviewed and recommended by Tony Glenn on 16 Jul 2015

I got this card for a balance transfer and it has been very useful to me. The payWave feature saves me time as I don’t have to remember a PIN. The Virgin Money people have been helpful when I have wanted a balance or other enquiry about my card. Plus it is a low interest rate card.

One of the best travel buddies you can have

Reviewed and recommended by Susie on 15 Jul 2015

I love to travel and I consider my Virgin Velocity Visa card as one of the best travel buddies I have. Not only do I earn Velocity points while I’m travelling, I also have the peace of mind that all my transactions, whether at home or overseas, are being monitored so that if anything looks odd, they can contact me – no nasty surprises when I get my statement. Well, other than the shock when I see how much I have spent!

Generally very pleased with this card

Reviewed and recommended by Michael Freed on 14 Jul 2015

Overall, this is a good value card with a low annual fee. The Velocity reward points accumulate quite quickly, which combined with frequent travel, makes the reward program useful. 4 free partner flights a year is a great bonus.

Would be nice if they didn’t charge for a companion card for the wife.

Good rewards program

Reviewed and not recommended by Anonymous on 08 Oct 2014

Who doesn’t like getting rewards for their purchases? Use this card to make purchases online and you’ll get points to redeem for gift cards. Awesome! Like most new credit and debit cards now, chips are being integrated to enable convenient use of the PayPass/PayWave feature in store (which chooses credit from your account anyway – so there’s no need to enter a pin for purchases less than $100, so you could split your transactions).

Virgin Rewards out the window!

Reviewed and recommended by No longer flying. on 01 Apr 2014

I got this card because of the attractive flight deals where you got four free flights a year but Virgin has changed their policy and prices. It is cheaper to buy my flights on-line with other airlines rather than use the reward program. Plus having to call and organise the flights rather than do it yourself online means long delays and you have to book nearly a month in advance. No longer happy with this product.

Show 4 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

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
$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
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 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
$64 p.a.
Annual fee 2nd year
$129 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 (Reduced after $1,500)

Rewards program basics

First purchase bonus
N/A
Reward points expiry
Never as long as you keep your account active
Rewards program
Velocity Frequent Flyer
Sign up bonus
N/A
Spend required for bonus points
$5,000 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 (Reduced after $1,500)
Points cap per year
Unlimited
Points earned on ATO payments
0 pts per $1 spent
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, Overseas 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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