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 24 months and then 20.99% p.a.
Annual fees
$149 $0 in the first year
Interest free days on purchases
55

Mozo editorial review Virgin Money Virgin Australia Velocity Flyer Card - Balance Transfer Offer - last updated: 30 June 2023

binocular icon
What's hot
  • 0% p.a. interest for 24 months on balance transfers (then 20.99% p.a. after)
  • $129 Virgin Australia Gift Voucher each year
  • 2022 Mozo Experts Choice Award winner
What's not
  • $39 additional card fee
Mozo snapshot

Virgin Australia Velocity Flyer Card comes with a 0% p.a. balance transfer offer for 24 months (then 20.99% p.a. after), plus you'll also get a $129 Virgin Australia Gift Card each year. 

This card also won a 2022 Mozo Experts Choice Award for best Velocity Frequent Flyer Credit Card.

key icon
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 24 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. 

snapshot
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.   

question icon
Any catches

If you do take up the balance transfer offer, be aware that any remaining debt that isn't paid off within the 24 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 15 April 2024. 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)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

20.74% p.a.

none

0% p.a. for 24 months and then 20.99% p.a.

yes

20.99% p.a.

55

Fees

$149.00

$0 in the first year

none

none

$30.00

2.7%, Min $2.70

3.30%

$7.00

$7.00

$39.00

Features

$30.00

2.0

4

none

Payment options

Apple Pay, Samsung Pay

Rewards privileges

Concierge

Customer Reviews

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

Overall
Price
Features
Customer service
Convenience
Trust

Latest reviews of Virgin Money Virgin Australia Velocity Flyer Card - Balance Transfer Offer Credit Card

About Virgin Money

Thumbnail icon for NAB
NAB

Low Rate Card

13.49% p.a.

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

$59 $0 in the first year

Thumbnail icon for American Express
American Express

Qantas Ultimate Card

23.99% p.a.

No current offer

$450

Qantas Frequent Flyer

Thumbnail icon for American Express
American Express

Platinum Edge Credit Card

23.99% p.a.

No current offer

$195 $0 in the first year

Membership Rewards

Thumbnail icon for American Express
American Express

Explorer Credit Card

23.99% p.a.

No current offer

$395

Membership Rewards

Thumbnail icon for American Express
American Express

Velocity Platinum Card

23.99% p.a.

No current offer

$375

Velocity Frequent Flyer

Thumbnail icon for American Express
American Express

Qantas Discovery Card

23.99% p.a.

No current offer

$0

Qantas Frequent Flyer

Thumbnail icon for American Express
American Express

Low Rate Credit Card

10.99% p.a.

No current offer

$0

Thumbnail icon for American Express
American Express

Velocity Escape Card

23.99% p.a.

No current offer

$0

Velocity Frequent Flyer

Thumbnail icon for American Express
American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

60,000

1.25 points up to 100,000 points/year, then
1 point uncapped

Thumbnail icon for G&C Mutual Bank
G&C Mutual Bank

Platinum Visa Credit Card

Qantas Frequent Flyer

$299

50,000

1 point up to 20,000 points/month

Thumbnail icon for NAB
NAB

Qantas Rewards Premium Card

Qantas Frequent Flyer

$250 $150 in the first year

70,000

0.66 points up to $3,000/month, then
0.33 points up to $6,000/month

Thumbnail icon for American Express
American Express

Qantas Premium Card

Qantas Frequent Flyer

$249

20,000

1 point uncapped

Thumbnail icon for NAB
NAB

Rewards Signature Card

NAB Rewards

$295 $145 in the first year

160,000

1.25 points uncapped

Thumbnail icon for American Express
American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Thumbnail icon for American Express
American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

Thumbnail icon for NAB
NAB

Qantas Rewards Signature Card

Qantas Frequent Flyer

$395 $295 in the first year

120,000

1 point up to $5,000/month, then
0.5 points up to $20,000/month

Thumbnail icon for NAB
NAB

Low Rate Card

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

13.49% p.a.

$59 $0 in the first year

Thumbnail icon for Citi
Citi

Premier Credit Card

0% p.a. for 6 months and then 22.24% p.a.

21.49% p.a.

$300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year

Citi Rewards Program

Thumbnail icon for Bank of Queensland
Bank of Queensland

Blue Visa Credit Card

0% p.a. for 9 months and then 21.74% p.a.

0% p.a. for 9 months then 20.74% p.a.

$60

Q Rewards

Thumbnail icon for Virgin Money
Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 24 months and then 20.99% p.a.

20.74% p.a.

$149 $0 in the first year

Velocity Frequent Flyer

Thumbnail icon for Bankwest
Bankwest

More Mastercard

0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)

19.99% p.a.

$100

Bankwest More Rewards

Thumbnail icon for NAB
NAB

Low Rate Card

13.49% p.a.

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

$59 $0 in the first year

Thumbnail icon for American Express
American Express

Low Rate Credit Card

10.99% p.a.

No current offer

$0

Thumbnail icon for HSBC
HSBC

Low Rate Credit Card

12.99% p.a.

0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)

$99

Thumbnail icon for Australian Unity
Australian Unity

Low Rate Visa Credit Card

9.90% p.a.

No current offer

$59

Thumbnail icon for MOVE Bank
MOVE Bank

Low Rate Credit Card

8.99% p.a.

0% p.a. for 6 months and then 8.99% p.a.

$59 $0 in the first year

Thumbnail icon for NAB
NAB

Low Rate Card

13.49% p.a.

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

$59 $0 in the first year

Thumbnail icon for American Express
American Express

Low Rate Credit Card

10.99% p.a.

No current offer

$0

Thumbnail icon for HSBC
HSBC

Low Rate Credit Card

12.99% p.a.

0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)

$99

Thumbnail icon for Australian Unity
Australian Unity

Low Rate Visa Credit Card

9.90% p.a.

No current offer

$59

Thumbnail icon for MOVE Bank
MOVE Bank

Low Rate Credit Card

8.99% p.a.

0% p.a. for 6 months and then 8.99% p.a.

$59 $0 in the first year

Thumbnail icon for Bank of Queensland
Bank of Queensland

Blue Visa Credit Card

0% p.a. for 9 months then 20.74% p.a.

0% p.a. for 9 months and then 21.74% p.a.

$60

Thumbnail icon for Bankwest
Bankwest

More Mastercard

19.99% p.a.

0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)

$100

Thumbnail icon for Westpac
Westpac

Flex Card

0% p.a.

No current offer

$120 $10 monthly fee waived if the outstanding balance on the previous statement is paid in full by the due date.

Compare other credit cards