Virgin Australia Velocity Flyer Card - Balance Transfer Offer card image

Virgin Money Virgin Australia Velocity Flyer Card - Balance Transfer Offer

Advertiser disclosure
Purchase rate
20.74% p.a.
Balance transfer rate
0% p.a. for 28 months and then 20.99% p.a.
Annual fees
$129 $0 in the first year
Interest free days on purchases
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Mozo editorial review Virgin Money Virgin Australia Velocity Flyer Card - Balance Transfer Offer - last updated: 30 July 2021

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What's hot
  • 0% p.a. interest for 28 months on balance transfers (then 20.99% p.a. after)
  • $129 Virgin Australia Gift Voucher each year
What's not
  • $39 additional card fee
Mozo snapshot

Virgin Australia Velocity Flyer Card comes with a 0% p.a. balance transfer offer for 28 months (then 20.99% p.a. after), plus you'll also get a $129 Virgin Australia Gift Card each year. 

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Key features

The Virgin Australia Velocity Flyer Card has an annual fee of $129 and a standard purchase rate of 20.74% p.a. The 0% p.a. balance transfer offer for 28 months (then 20.99% p.a. after) is one of the longest balance transfer offers currently available, so if you're looking to crush debt, this could be the incentive you need. 

Even if you're not interested in the balance transfer offer, the Virgin Velocity Flyer Card has some great perks. Each year you’ll get a $129 Virgin Australia Gift Voucher, absolutely free. As for what you’ll be able to redeem with your points, 7,800 points will get you a one-way trip from Sydney to Melbourne, 119,600 will get you a return trip from Sydney to London, and 19,500 will get you a $129 Virgin Australia Credit each year.

You’ll be able to earn 0.66 points per dollar spent on Visa, capped at $1,500 per month and put directly into your Velocity Frequent Flyer account. After that, you’ll get 0.5 points for every dollar. Thankfully, points never expire, so you won’t have to worry that all your effort will have been for naught if you don’t redeem them fast enough.

You can also have up to 4 additional cardholders, so you and your partner can each work towards gathering those points. Just remember there are up to 55 interest free days to pay off what you owe before the interest rate of 20.74% p.a. kicks in, as long as you pay off the full balance each month. Interest free days also don't apply if you have a balance transfer. 

Who is it good for

The Virgin Australia Velocity Flyer Card could be a good option if you're looking to wipe away some debt this year, as long as you are diligent about paying down the balance in the period. 

It is also a good card for loyal Velocity frequent flyers as you'll be able to boost your account by making everyday purchases and cash in on a $129 Virgin Australia gift card which effectively makes the annual card fee $0.   

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Any catches

If you do take up the balance transfer offer, be aware that any remaining debt that isn't paid off within the 28 month period will revert to the 20.99% p.a. cash advance rate.  

Also, if you do have a balance transfer on this card, the normal 55 day interest free period on new purchases won't apply and you'll start paying interest immediately, so keep your new spending to a minimum and pay it off as quickly as you can.  

Rewards program details

Rates and fees information correct as at 9 August 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return

119,600 points

Fly Sydney to Melbourne one-way

7,800 points

$100 Giftcard

19,500 points

$100 Cash


Points earning

0.66 points per dollar on Visa, up to $1,500 per month, then
0.5 points per dollar on Visa, uncapped

Rewards scheme

Points are credited to the Velocity Frequent Flyer program.

All rewards are redeemed via Velocity.

Receive a $129 Virgin Australia Credit each year.

Value of rewards points

Spend $33,240 (Visa)

Spend $11,818 (Visa)

Spend $233,440 (Visa)



How do we calculate these points?
How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.


Rate and fee details


20.74% p.a.


0% p.a. for 28 months and then 20.99% p.a.


20.99% p.a.




$0 in the first year




2.7%, Min $2.70










Payment options

Apple Pay, Samsung Pay

Rewards privileges


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