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    • Virgin Money Virgin Flyer Credit Card

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    Advertisement Virgin Flyer Credit Card card from Virgin Money

    Complimentary seat

    • Buy a Virgin Australia domestic seat and get a complimentary seat on the same flight up to 4 times every year
    • 1.9% p.a. Balance Transfer for 9 months
    • $99 annual fee

    Virgin Money Virgin Flyer Credit Card Review

    Review published: 11 January 2012

    What's hot:

    • 0% balance transfer rate for 6 months
    • 0% purchase rate offer for 6 months
    • 2-for-1 flights 4 times a year

    What's not:

    • $40 Overlimit fee and $39 additional card fee

    Mozo snapshot:

    If you are looking to land yourself a new credit card with great rates and awesome rewards look no further than the Virgin Flyer Credit Card. With its current 0% interest rate for balance transfers and purchases for the first 6 months and 2 for 1 flight offer, you'll find yourself saving money and living the jetsetter lifestyle.

    Key features: The Virgin Flyer visa credit card comes with an annual fee of $99. While the 0% balance transfer and purchase rate offer is a great way to save on repayments now, be sure to pay off your balance by the end of the intro 6 month period. This credit card has a standard interest rate of 20.99% so it's not a card to accumulate debt on. The Virgin Flyer card has a 44 day interest free period, and a pricey $40 overlimit fee. An additional credit card also comes at the cost of $39.

    The reward program is linked to Virgin's Velocity Rewards program. Virgin Flyer Cardholders earn 1 Velocity point for every dollar they spend (up to $1500) and then 1 point for every $2 they spend. Virgin Flyer cardholders also get access to a concierge service, exclusive Virgin family offers and free transit accident insurance.

    One of the hottest features of the Virgin Flyer credit card is the complimentary flight seat offer. If you purchase a Virgin Australia flight using your Virgin Flyer credit card, you will receive a free second flight seat for a friend (up to four times a year). So if you don’t like to travel alone, this is a pretty awesome benefit!

    Who it's good for: The Virgin Flyer credit card is perfect for anyone who is prone to enjoy a bit of out-of-state retail therapy and is disciplined about paying off their credit card balance each month. Note that to be eligible for the credit card you have to earn a minimum of $35,000.

    Any catches? The rewards earning rate drops after you spend $1500 each month to 1 point for every $2 spent so it could take a while rack up a decent number of rewards points for things like overseas travel and accommodation. And keep within your limits - there is a $40 fee if you accidentally go over your credit limit.

    How are Virgin Money credit cards rated by the Mozo community?

    Product Type Overall Price Features Service Convenience Trust
    Virgin Money credit cards 5.8 Based on 13
    Virgin Money credit card reviews     		6.4 5.8 5.0 4.7 5.8

    Read Virgin Money credit card reviews by the Mozo community

    Rewards scheme

    • Points are credited to the Velocity program. Also, buy a seat on Virgin Australia and get a complimentary seat (up to 4 times a year).
    • Buy a seat on Virgin Australia using your Virgin Flyer card and get a complimentary second seat on the flight for a friend up to 4 times a year.
    • Special Virgin Family offers and discounts also available.

    Value of rewards points

    • Example reward
    • You'd need to spend
    • $100 gift card
    • $13,500
    • Flight: Sydney-Melbourne
    • $9,800
    • Flight: Sydney-London
    • $232,000
    • Points are capped?
    • No
    • Points expire?
    • Never

    Details behind our 'value of rewards' calculations

    • Points earning 1 points per dollar on Visa, up to $1,500 per month
      0.5 points per dollar on Visa, uncapped
    • $100 gift card 1 points buys 1 Velocity points; 13500 Velocity points buys a Myer $100 Gift Card
    • Flight: Sydney-Melbourne 1 points buys 1 Velocity points; 9800 Velocity points buys a Virgin Australia Syd-Mel flight
    • Flight: Sydney-London 1 points buys 1 Velocity points; 125000 Velocity points buys a Velocity partner London flight

    (how did we do it? find out...)

    Rates

    Purchase rate
    20.99%
    Intro purchase rate
    none
    Balance transfer rate
    1.90% for 9 months
    Balance transfer term
    9 Months
    Balance transfer revert to cash
    yes
    Cash advance rate
    20.99%
    Interest free days
    44

    Other financial bits

    Minimum repayment amount
    $30.00
    Minimum repayment percent
    2.0

    Fees

    Annual card fee
    $99.00
    Introductory fee
    none
    Annual fee spend threshold
    none
    Reward program fee
    $
    Late payment fee
    $10.00
    Overlimit fee
    $40.00
    Cash advance fee
    $2.7%, min $2.70
    Foreign exchange margin
    3.30%
    Duplicate statement fee
    $7.00
    Transaction verification fee
    $7.00
    Additional card fee
    $39.00
    Establishment fee
    $0.00

    Features

    Additional cardholders
    yes
    Other restrictions
    You must earn at least $35,000 for this card.
    Other benefits
    Choice of 3 colours.

    About Virgin Money

    Virgin Money differentiates itself with a high focus on customer service and a strong brand. Virgin Money offers a range of financial service products including credit cards, savings accounts and home loans.

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