Virgin Australia Velocity High Flyer Credit Card

Name: Virgin Australia Velocity High Flyer Credit Card
Brand: Virgin Money
Price: 349 AUD

Data last updated 12 October 2026

21.99%

Purchase rate

$349

Annual fee

100,000

Bonus points

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Application

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CardIQ

41Fair

Fair

Overall score, out of 100 · How this works

Airport lounge33
Balance transfer60
Frequent flyer38
Rewards33
Sign-up bonus53
Travel31
Velocity Points38

Customer reviews

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Pros & cons

What's good

100,000 bonus Velocity Points to start, worth around $1,000 at our 1c-per-point valuation.
24 months at 0% p.a. on balance transfers, longer than the 12-month median (3% transfer fee, reverts to 21.99% p.a.).
Complimentary airport lounge access.
Complimentary international travel insurance, domestic travel insurance, purchase protection and extended warranty.

Worth noting

The $349 annual fee is toward the top of the market (the median is $72).
The 21.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
Earns 0.75 points per $1 on everyday spend, below the dataset average.
The 0.75-point rate on everyday spend applies only to the first $8,000 spent each statement period, then drops to 0.5 points per $1.

Card details

The basics

Additional cardholder fee: $89 p.a.
Card tier: Signature
Card type: Visa
Card use: Personal
Credit limit: $15,000 – $100,000
Credit rating: Good
Rewards program: Velocity Frequent Flyer

Eligibility

Instant approval: No
Joint application: No
Minimum age: 18 years old
Minimum income: $75,000 p.a.
Residency: Australian citizen or permanent resident
Temporary residents: Eligible

Rates & fees

Ongoing interest rates

Cash advances: 21.99% p.a.
Purchases: 21.99% p.a.

Fees

Additional cardholder fee: $89
Annual fee: $349 p.a.
Cash advance fee: 2.7% of the amount
Foreign transaction fee: 3%
Late payment fee: $30

Repayments

Interest-free period: Up to 44 days on purchases
Minimum repayment: 2% of the closing balance or $25, whichever is greater

Balance transfers

Can't transfer from: Virgin Money
Limit: Up to your available credit limit
Period: 24 months
Promotional rate: 0% p.a.
Revert rate: 21.99% p.a.
Transfer fee: 3%

While you carry a transferred balance you may not receive interest-free days on new purchases.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend: 0.75 pts per $1 up to $8,000 per statement period
Bonus categories: None
Other purchases: None
Overseas spend: None
ATO/government: None
Reduced rate above monthly cap: 0.5 pts per $1 above $8,000 per statement period
Points cap: Uncapped
Points expiry: —

Sign-up bonus

Bonus spend required: —
Sign-up bonus: 100,000 points

Where these points could take you

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Complimentary insurance

Cover has conditions and exclusions, which are set out in the issuer's policy terms. A missing row means we haven't captured that figure, not that the cover is absent.

Overseas travel

Activation: Varies by card, often paying for the trip with it
Activation spend: $500
Age limit: 80 years
Cover limit: $20,000,000
Excess: $600
Maximum trip length: 180 days
Not covered: Pre-existing conditions, unless the insurer agrees in writing
Underwriter: Allianz Australia Insurance Limited

Domestic travel

Activation: Varies by card, often paying for the trip with it
Activation spend: $250
Maximum trip length: 28 days
Not covered: Day trips, and anything your health cover pays
Underwriter: Allianz Australia Insurance Limited
What it pays: Cancellation and baggage, not medical treatment

Purchase protection

Activation: Pay for the item with the card
Annual limit: $200,000
Cover period: 90 days
Excess: No excess
Not covered: Cash, consumables and animals
Voids cover: Leaving the item unattended in a public place
What it pays: Theft, loss and accidental damage

Extended warranty

Activation: Pay with the card for an item under manufacturer's warranty
Annual limit: $40,000
Excess: No excess
Not covered: Anything the manufacturer's warranty already excluded
Per-item limit: $10,000
What it pays: Mechanical failure once that warranty ends

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

FeatureThis cardWhere it ranks

Balance transfer0% for 24 monthsTop 10% (3rd of 67 cards)

Overseas fee3.00%Better than most (52nd of 200 cards)

Sign-up bonus$1,000Better than most (19th of 59 cards)

Rewards value$270 a yearMiddle of the market (47th of 95 cards)

Purchase rate21.99%Not as good as most cards (134th of 196 cards)

Interest-free days44 daysNot as good as most cards (140th of 192 cards)

Annual fee$349 a yearAmong the most expensive (181st of 200 cards)

Data as at October 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare: Credit card statistics for AustraliaHow CardIQ scores cards
Government: Product reference data (Consumer Data Right)
Issuer: Virgin Money
Program: Velocity Frequent Flyer