Virgin Money

Compare Virgin Money credit cards and their key features, interest, fees, earn rates, bonuses, and benefits. Get informed before applying.

Virgin Money credit cards

Balance transfer

12 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$149.00 p.a. ongoing

Details

  • Earn 80,000 bonus Virgin Money Points when you spend $3,000 on eligible purchases within 3 months of card approval. Terms and conditions apply.
  • Earn 1 Virgin Money Point for every $1 you spend.
  • You can also earn additional points when you spend at HelloFresh, Menulog and more.
  • There is no limit to the points you can earn.

Pros & cons

Pros
  • Earn 80,000 bonus Virgin Money Points when you meet the criteria.
  • Redeem points for cashback, gift cards, Velocity Frequent Flyer transfers, partner hotel stays, or to pay off purchases.
  • Visa Platinum Concierge Service offers the convenience of a personal assistant at your fingertips
  • Visa Platinum Benefits give you priority access to Australia’s top concerts, shows, and sports events before pre-sales and public release.
  • Up to 55 interest-free days.
  • The credit limit starts at $6,000.
  • Compatible with Apple Pay, Google Pay, and Samsung Pay.
Cons
  • The ongoing annual fee of $149 p.a.
  • Does not include complimentary international travel insurance.
  • Cash advance rate is 20.99% p.a.
Virgin Australia Velocity High Flyer Credit Card

On Virgin Money's website

Balance transfer

12 months at 0% p.a.

Purchase rate

20.74% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$329.00 p.a. ongoing

Details

  • Earn up to 80,000 bonus Velocity Points. Get 40,000 points each month by spending $3,500 or more on eligible purchases within the first 2 months of card approval. Terms and conditions apply.
  • Receive a $129 Virgin Australia Gift Voucher every year, giving you savings on flights and making travel more affordable.
  • Comes with International and Domestic Travel Insurance, plus an Extended Warranty Service, providing peace of mind and protection for your purchases and travels.

Pros & cons

Pros
  • Earn up to 80,000 bonus Velocity Points when you meet the criteria.
  • Earn 1 Velocity Point per $1 spent on eligible transactions up to $8,000 and 0.5 points per $1 on spending thereafter.
  • Two single entry passes for Virgin Australia domestic lounges every year.
  • Earn 100 Bonus Status Credits each year when you book a Virgin Australia flight.
  • Talk to a personal concierge with Visa Signature, making it easier to get expert assistance when you travel.
  • Get a credit limit of up to $100,000 for larger purchases and expenses.
  • Includes Domestic Rental Vehicle Excess Insurance.
  • Works with Apple Pay, Google Play, and Samsung Pay.
Cons
  • The ongoing annual fee of $329 p.a.
  • Earn rate is tiered, although the base tier is enough for more people.
  • Only up to 44 interest-free days on purchases.
  • There's an annual fee per additional card worth $89 p.a.

Balance transfer

24 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$149.00 p.a. ongoing

Details

  • 0% p.a. interest for 24 months on balance transfers (1% transfer fee applies). Reverts to cash advance rate of 20.99% p.a.
  • Earn 1 Virgin Money Point for every $1 you spend.
  • There is no limit to the points you can earn.

Pros & cons

Pros
  • You can also earn additional points when you spend at HelloFresh, Menulog and more.
  • Redeem points for cashback, gift cards, Velocity Frequent Flyer transfers, partner hotel stays, or to pay off purchases.
  • Visa Platinum Concierge Service offers the convenience of a personal assistant at your fingertips
  • Visa Platinum Benefits give you priority access to Australia’s top concerts, shows, and sports events before pre-sales and public release.
  • Up to 55 interest-free days.
  • The credit limit starts at $6,000.
  • Compatible with Apple Pay, Google Pay, and Samsung Pay.
Cons
  • There is a 1% BT fee.
  • The ongoing annual fee of $149 p.a.
  • Does not include complimentary international travel insurance.
  • Cash advance rate is 20.99% p.a.

Balance transfer

24 months at 0% p.a.

Purchase rate

20.74% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$149.00 p.a. ongoing

Details

  • 0% p.a. for 24 months on balance transfers with a 1% balance transfer fee. Reverts to the cash advance rate at 20.99% p.a.
  • Earn 0.66 Velocity Points per $1 on eligible spending up to $1,500 per statement period, then 0.5 points per $1 after that.
  • Earn an extra Velocity Point for every dollar spent directly with Virgin Australia using your Flyer Credit Card.

Pros & cons

Pros
  • Receive a $129 Virgin Australia Gift Voucher every year, giving you savings on flights and making travel more affordable.
  • Redeem points for cashback, gift cards, Velocity Frequent Flyer transfers, partner hotel stays, or to pay off purchases.
  • Includes Purchase Protection and Extended Warranty Insurance.
  • Comes with security features such as Fraudshield, Zero Liability policy and more.
  • Compatible with Apple Pay, Google Pay and Samsung Pay.
Cons
  • The ongoing annual fee of $149 p.a.
  • The earn rate drops to 0.5 points per $1 after $1,500 in a statement period.

Balance transfer

12 months at 0% p.a.

Purchase rate

20.74% p.a. ongoing

Interest-free days

Up to 44 days on purchases

Annual fee

$149.00 p.a. ongoing

Details

  • Earn up to 50,000 bonus Velocity Points when you spend $1,500 each month for the first 2 months. Terms and Conditions apply.
  • 0% p.a. interest for 12 months on balance transfers (2% transfer fee applies). Reverts to cash advance rate of 20.99% p.a
  • Earn 0.66 Velocity Points per $1 on eligible spending up to $1,500 per statement period, then 0.5 points per $1 after that.
  • Earn an extra Velocity Point for every dollar spent directly with Virgin Australia using your Flyer Credit Card.

Pros & cons

Pros
  • Receive a $129 Virgin Australia Gift Voucher every year, giving you savings on flights and making travel more affordable.
  • Redeem points for cashback, gift cards, Velocity Frequent Flyer transfers, partner hotel stays, or to pay off purchases.
  • Includes Purchase Protection and Extended Warranty Insurance.
  • Comes with security features such as Fraudshield, Zero Liability policy and more.
  • Access a Personal Concierge service to help with travel bookings, gift ideas, reservations, and more.
  • Compatible with Apple Pay, Google Pay and Samsung Pay.
Cons
  • The ongoing annual fee of $149 p.a.
  • The earn rate drops to 0.5 points per $1 after $1,500 in a statement period.
Virgin Money Low Rate Credit Card

Not available for application via this website

Balance transfer

15 months at 0% p.a.

Purchase rate

12.99% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$99.00 p.a. ongoing

Details

  • 0% p.a. for 15 months on balance transfers with a 3% BT balance transfer fee. Reverts to the cash advance rate at 21.69% p.a.
  • The low ongoing purchase rate of 12.99% p.a. helps reduce interest costs on everyday spending.
  • Compatible with Apple Pay, Google Pay and Samsung Pay.

Pros & cons

Pros
  • 0% p.a. for 15 months on balance transfers.
  • Earn Virgin Money Bonus Points using the Virgin Money app.
  • Comes with the usual security features such as Fraudshield, Zero Liability policy and more.
Cons
  • There is a 3% BT fee.
  • If you want additional cardholders, it will cost $29 p.a. per cardholder.
  • Doesn't earn Velocity Points as typical for a low-rate card.
Virgin Money No Annual Fee Credit Card

Not available for application via this website

Balance transfer

N/A

Purchase rate

6 months at 0% p.a.

Interest-free days

Up to 55 days on purchases

Annual fee

$0.00 p.a. ongoing

Details

  • A straightforward card with a $0 annual fee.
  • 0% p.a. for 6 months on purchases (reverts to 19.99% p.a.).
  • Comes with the usual security features such as Fraudshield, Zero Liability policy and more.

Pros & cons

Pros
  • No annual fee ever.
  • Up to 4 additional cards, also with a $0 annual fee.
  • Access to promos of merchant partners using the Virgin Money app.
  • Get up to a $100,000 credit limit for big purchases and expenses.
Cons
  • The revert interest rate for purchases is relatively high.
  • There’s no introductory balance transfer offer, but it’s offset by a competitive purchase rate offer.
About Virgin Money credit cards

About Virgin Money credit cards

Virgin Money, a well-known financial institution, offers a diverse selection of credit cards designed to suit various spending habits and financial goals, ranging from frequent flyer rewards to low rate and no annual fee options.

New customers can take advantage of Virgin Money’s introductory offers, which may include benefits such as 0% interest rates on balance transfers or purchases, bonus Velocity Points, and premium perks like complimentary insurance and flight vouchers.

Types of Virgin Money credit cards

Types of Virgin Money credit cards

Virgin Money provides a range of credit cards tailored to different needs. Here are some common types of Virgin Money credit cards you may encounter:

  • Rewards credit cards: These cards allow you to earn Velocity Points or flexible reward points on eligible purchases, redeemable for flights, upgrades, gift cards, merchandise, or cashback.
  • Low rate credit cards: Designed to minimise interest costs, these cards offer competitive low interest rates, making them ideal for cost-conscious cardholders.
  • Balance transfer credit cards: Virgin Money offers cards with 0% interest promotional periods for balance transfers, helping you consolidate and manage existing credit card debt more affordably.
  • Frequent flyer credit cards: Linked to the Velocity Frequent Flyer program, these cards enable you to earn points on purchases that can be redeemed for flights, travel upgrades, and other travel-related rewards.
Benefits of Virgin Money credit cards

Benefits of Virgin Money credit cards

Virgin Money credit cards are designed to cater to diverse lifestyles and financial priorities. Here are some compelling reasons to consider a Virgin Money credit card:

  • Velocity Points earning potential: Many cards are integrated with the Velocity Frequent Flyer program, allowing you to earn points on everyday purchases, which can be redeemed for flights, upgrades, or other rewards.
  • Complimentary insurance: Depending on the card, you may receive complimentary insurance benefits, such as travel insurance, purchase protection, or extended warranty coverage, enhancing your financial security.
  • Exclusive offers and discounts: Cardholders gain access to special deals and savings with Virgin Money’s partner merchants, covering travel, shopping, dining, and entertainment.
  • Flexible rewards programs: Beyond Velocity Points, some cards offer versatile reward programs, enabling you to redeem points for gift cards, airport lounge access, merchandise, cashback, or other benefits. Virgin Money Rewards points can be transferred to Qatar Airways Privilege Club, United MileagePlus, Velocity, Etihad Guest Miles, Marriott Bonvoy and Accor Live Limitless.
  • Trusted provider: Virgin Money is recognised for its innovative financial products and customer-focused service, offering reliability and convenience.
Eligibility criteria for Virgin Money credit cards

Eligibility criteria for Virgin Money credit cards

Eligibility requirements for Virgin Money credit cards vary by card type, but the following general criteria typically apply:

  • Age: Applicants must be at least 18 years old to apply.
  • Income: Most cards require a minimum income level to qualify, ensuring applicants can manage credit responsibilities.
  • Residency: You must be an Australian resident or hold a valid visa to be eligible.
  • Credit history: Virgin Money will evaluate your credit history to assess your creditworthiness during the application process.

Be sure to check the specific eligibility criteria for your chosen card to confirm you meet all requirements before applying.

How to apply for a Virgin Money credit card

How to apply for a Virgin Money credit card

The application process for a Virgin Money credit card is user-friendly and can typically be completed online. Follow these general steps to apply:

  1. Select a card: Explore Virgin Money’s range of credit cards and choose the one that best aligns with your financial needs and preferences.
  2. Check eligibility: Verify that you meet the eligibility criteria for your selected card, including age, income, and residency requirements.
  3. Gather documents: Prepare necessary documentation, such as proof of identity, income verification, and details of your financial situation.
  4. Submit application: Complete the online application form on the Virgin Money website, ensuring all information is accurate before submission.
  5. Wait for approval: Virgin Money will review your application and perform a credit check. If approved, your card will be mailed to you within a few business days.
  6. Receive card: Once approved, you’ll receive your Virgin Money credit card along with account details to start using it.

Ensure all information provided during the application is accurate to improve your chances of approval.

Credit cards similar to Virgin Money

Compare side by side

Credit cards similar to Virgin Money

If you are looking to earn frequent flyer points or Velocity-partnered cards, here are 5 similar credit card issuers similar to Virgin Money:

Help choosing a Virgin Money credit card

More details on how Virgin Money credit cards work and how you can make the most of yours.

  • FAQs

  • Pros & cons

Is there an annual fee associated with Virgin Money credit cards?

Virgin Money offers a range of credit cards with varying fee structures. Some cards may have an annual fee, while others, such as the No Annual Fee Card, do not charge an annual fee.

How can I earn Velocity Points with a Virgin Money credit card?

Most Virgin Money credit cards are linked to the Velocity Frequent Flyer program, allowing cardholders to earn Velocity Points on eligible purchases. The number of points earned may vary depending on the card type and spending behavior.

Can I transfer balances from other credit cards to a Virgin Money credit card?

Yes, Virgin Money offers balance transfer options on certain credit cards. Cardholders can transfer balances from other credit cards to a Virgin Money card at a promotional interest rate for a specified period.

What is the interest rate on Virgin Money credit cards?

The interest rate on Virgin Money credit cards varies depending on the card type and individual circumstances. It is recommended to review the specific terms and conditions of the card you are interested in for detailed information on interest rates.

How can I contact Virgin Money customer service?

Virgin Money provides customer service support via phone, email, and online chat. You can find contact details on the Virgin Money website or contact the customer service team for assistance with any queries or issues related to your credit card.

Pros

Competitive rewards program

Virgin Money Credit Cards offer a competitive rewards program, allowing cardholders to earn points on their purchases, which can be redeemed for various rewards such as flights, hotel stays, or cashback.

No annual fee options

Some Virgin Money Credit Cards come with no annual fee, providing cardholders with a cost-effective option to access credit card benefits without incurring additional yearly charges.

Low foreign transaction fees

Virgin Money Credit Cards typically have low foreign transaction fees, making them suitable for international travelers who frequently use their credit cards abroad without incurring hefty fees.

Frequent promotional offers

Virgin Money often provides promotional offers such as bonus points, cashback incentives, or discounted interest rates, enhancing the value proposition for cardholders.

Complimentary travel insurance

Many Virgin Money Credit Cards offer complimentary travel insurance, providing cardholders with peace of mind and financial protection when traveling domestically or internationally.

Cons

Limited acceptance outside

Australia Virgin Money Credit Cards may have limited acceptance outside Australia, particularly in regions where Visa or Mastercard networks are not as prevalent, potentially causing inconvenience for travelers.

Higher interest rates

Some Virgin Money Credit Cards may have higher interest rates compared to other credit cards in the market, making them less suitable for cardholders who carry a balance on their cards from month to month.

Eligibility criteria

Eligibility criteria for Virgin Money Credit Cards may be stringent, requiring applicants to meet specific income and credit score requirements, potentially limiting access for some individuals.

Limited customer service channels

Virgin Money's customer service channels may be limited compared to larger banks, which could lead to longer wait times or difficulty in accessing support when needed.

Rewards redemption restrictions

The redemption options for rewards earned through Virgin Money Credit Cards may be limited or subject to restrictions, potentially limiting the flexibility and value of the rewards program for cardholders

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