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For frequent flyers and anyone looking to maximise their rewards, the Virgin Money Velocity Flyer Card is an option you can’t ignore. With plenty of ways to rack up Velocity Points on everyday purchases and a range of travel perks, this card is ideal for those who love exploring the world while saving a few bucks. Ready to dive in? Let’s look at everything the Velocity Flyer Card has to offer, from rewards and benefits to costs and application steps.
Why Choose the Virgin Australia Velocity Flyer Card?
The Velocity Flyer Card is designed to help Aussies boost their Velocity Points balance, making it easier to redeem flights, accommodation, and other travel treats. But what sets this card apart are the travel bonuses that frequent Virgin flyers will love. Here are some of the standout features.
Points on Everyday Spending
The Velocity Flyer Card rewards you with points on nearly every dollar spent. You’ll earn:
- 0.66 Velocity Points per dollar on eligible purchases up to $1,500 each month, and 0.5 points thereafter.
- 1 extra Velocity Point per dollar spent directly with Virgin Australia, perfect for frequent flyers who love a good holiday.
These points add up quickly, especially if you’re regularly spending on essentials or booking flights with Virgin Australia.
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Big Bonus Points for New Customers
New to the Velocity Flyer Card? You’re in for a treat. Currently, new cardholders can earn up to 60,000 bonus Velocity Points by meeting minimum spend requirements in the first two months. Spend $1,500 or more each month to qualify, and you’ll be well on your way to a flight or a fancy hotel stay!
Balance Transfer Offer
If you’ve got a balance with another credit card, the Flyer Card offers a balance transfer deal at 0% p.a. for 24 months, with a 1% transfer fee. This is a fantastic option for anyone looking to consolidate debt and potentially save on interest costs. Just remember, once the 24 months are up, the remaining balance will revert to the cash advance rate.
Access to Exclusive Virgin Australia Deals
Cardholders enjoy exclusive Virgin Australia offers, including special flight discounts and promotions. This can be a real bonus if you’re planning your next getaway, as these deals can make a difference in stretching your travel budget.
What to Consider Before Applying for the Velocity Flyer Card
Before diving in, there are a few things to keep in mind to make sure the card aligns with your spending habits and lifestyle.
Annual Fee
The annual fee is a factor to consider, particularly if you’re someone who prefers lower-fee cards. The Virgin Australia Velocity Flyer Card charges $64 for the first year, which jumps to $129 annually thereafter. For frequent flyers, the rewards and travel perks may offset this cost, but casual travellers should weigh it up carefully.
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Interest Rates
This card has a purchase interest rate of 20.74% p.a. and a cash advance rate of 20.99% p.a. If you tend to carry a balance on your card, the high interest rate may outweigh the rewards you earn, so it’s ideal for those who pay off their balance monthly.
Eligibility Requirements for the Virgin Australia Velocity Flyer Card
To apply for the Velocity Flyer Card, you’ll need to meet the following basic criteria:
- Be at least 18 years old.
- Be an Australian citizen or permanent resident.
- Have a minimum income of $35,000 per year.
- Good credit rating.
If you meet these requirements, you’re eligible to apply.
Fees and Charges to Expect
Here’s a quick rundown of the fees that come with the Velocity Flyer Card:
- Annual Fee: $64 for the first year, $129 thereafter
- Interest Rate on Purchases: 20.74% p.a.
- Cash Advance Rate: 20.99% p.a.
- Balance Transfer Fee: 1%
- Late Payment Fee: $30
These rates align with what you’d expect for a rewards card, but make sure to check Virgin Money’s latest terms for any updates.
How to Apply for the Virgin Australia Velocity Flyer Card
Virgin Money has streamlined the application process for the Velocity Flyer Card, making it easy to apply online or through the mobile app. Here’s a step-by-step guide.
Applying Online
- Visit the Virgin Money website and navigate to the Velocity Flyer Card page.
- Click on “Apply Now”.
- Complete the application form, providing details about your income, employment, and expenses.
- Submit the application and await confirmation – Virgin Money will reach out once they’ve reviewed your application.
Applying via Mobile App
If you’re a current Virgin Money customer, you can apply through the Virgin Money app. Here’s how:
- Open the app and sign in.
- Go to the credit cards section and select Velocity Flyer Card.
- Follow the steps to complete your application.
- Once submitted, you’ll receive application updates via the app or email.
Contact Details for Virgin Money
If you have any questions about the card or application process, you can reach Virgin Money through:
- Phone: 13 37 39 (general banking queries)
- Website: virginmoney.com.au
Got Questions? Here’s What People Ask About the Velocity Flyer Card
1. How many Velocity Points do I earn per dollar spent?
You’ll earn 0.66 points per dollar on eligible purchases up to $1,500 per month, and 0.5 points per dollar after that. Spending directly with Virgin Australia earns you an extra 1 point per dollar.
2. Are there any foreign transaction fees?
Yes, foreign transactions incur a standard fee, so it’s best to check Virgin Money’s current rates.
3. How does the balance transfer offer work?
The card offers 0% interest on balance transfers for 24 months with a 1% fee. After the promotional period, any remaining balance reverts to the cash advance rate.
4. What should I do if I lose my card?
Contact Virgin Money at 13 37 39 as soon as possible to block the card and arrange a replacement.
