Virgin Australia Velocity Flyer Credit Card – Bonus Points

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

The Virgin Australia Velocity Flyer Credit Card

With the Virgin Australia Velocity Flyer Credit Card, new cardholders can enjoy up to 50,000 Velocity Points – 25,000 Points per month when you apply for a new card and spend $1,500 or more on eligible transactions in the first 2 months from card approval. Add to that a $129 Virgin Australia Gift Voucher each year plus a 0% p.a. on balance transfers for 12 months offer with 2% BT fee, and this card becomes very tempting indeed.

What we love...

First up, that bonus points offer. As a new cardholder, you will receive 25,000 Points per month when you apply for a new card and spend $1,500 or more on eligible transactions in the first 2 months from card approval. This offer is valid to new approved Virgin Australia Velocity Flyer Card cardholders only. With up to 50,000 Velocity Points on offer, this is a pretty sweet deal – especially if you would tend to spend that amount on your card in a year anyway.

Where could you go with 50,000 Velocity Points? If you fancy a holiday trip within Australia, you could fly roundtrip Economy from Brisbane to Adelaide for 24,000 or from Sydney to Gold Coast for 14,400 plus taxes, fees, and carrier charges. As soon as international flight redemptions are available, you can also use your points for travel to your favourite overseas destinations.

Point calculations are accurate as of 28 June 2024 but may be subject to change without notice. All routes may have additional taxes and charges. Check on the official Virgin Money page for the updated calculations.

When it comes to everyday points earning, the Virgin Australia Velocity Flyer Credit Card offers an earn rate that is pretty standard for a mid-range card. Unfortunately, it does have points shaping, but this may still work for you if you aren't too much of a big spender. You will earn 0.66 Velocity Points per $1 up to $1,500 per statement period, and 0.5 Velocity Points per $1 thereafter.

Something that may make up for that is the fact that you can enjoy a $129 Virgin Australia Gift Voucher each year you are a cardholder. All you need to do is make an eligible purchase in the two months prior to requesting your voucher. The voucher is valid for six months from the issue date, and can be used to book travel with Virgin.

The card’s standard annual fee of $149 kind of pays for itself with the gift voucher of the same amount on offer. This offer is valid to new approved Virgin Australia Velocity Flyer Card cardholders only. You may add up to 4 additional cardholders for an extra cost of $39 p.a. each.

Last on the list of lovely things on this card is its balance transfer offer. New cardholders can take advantage of 0% p.a. on balance transfers for 12 months. If you have existing credit card debt that you want to clear, this balance transfer offer may just be the way you can do that, providing you with a year with no interest on that transferred balance.

What’s not so great...

Back to that balance transfer offer. Of course, balance transfer offers can provide an awesome money-saving tool – but, they need to be used correctly. Cardholders should know that if they fail to clear their transferred balance before the end of the intro period, their remaining balance will start accruing interest at the card’s cash advance rate.

Other things to be aware of with the balance transfer offer is the fact that you can only transfer up to 80% of your approved credit limit, and while you have a balance transfer on the card, you will not benefit from the card’s interest-free period. On top of that, the card has a high purchase rate, so cardholders should avoid leaving a balance unpaid month-to-month.

Why should you choose this card?

If you’re looking for a card that earns Velocity Points on everyday purchases, but doesn’t break the bank in annual fees, the Virgin Australia Velocity Flyer Credit Card could be for you. If you enjoy travelling, you could benefit from up to 50,000 bonus Velocity Points, plus a $129 gift voucher to spend on Virgin products.

In terms of other features, the Virgin Australia Velocity Flyer Credit Card offers Fraudshield and Visa's Zero Liability policy, Purchase Protection and Extended Warranty insurance covers. If you have debt on other credit cards that you want to pay off, check out the terms and conditions on the card to see whether its 0% p.a. balance transfer offer provides a good deal for you.

Overall Rating

The Virgin Australia Velocity Flyer Credit Card is a frequent flyer card that offers up to 50,000 bonus Velocity Points after a minimum spend, a $129 Virgin Australia Gift Voucher each year, and 0% p.a. on balance transfers for 12 months.