You will be on your way to flying free fast with the 60,000 bonus Velocity points. Earning the bonus points is pretty simple and, right now you'll receive 20,000 points every month you spend $1,500 or more for the first 3 months.
With this bonus point option there is also an introductory balance transfer rate of 0% for 18 months. While the introductory offers are a great way to save on repayments now, be sure to pay off your balance by the end of the honeymoon period or your balance will revert to the cash advance rate of 20.99%.
This credit card has a standard interest rate of 20.74% for purchases and you will be up for a $129 annual fee but the Virgin Australia Velocity High Flyer Card has a 44 day interest free period. Additional credit cards come at the cost of $39.
The card also comes with Visa PayWave functionality so you can tap and go for your next purchase under $100. If you use the card internationally you will pay a 3.30% foreign exchange margin on all transactions.
The reward program is linked to the Velocity Frequent Flyer Rewards program. Virgin Velocity Flyer Cardholders earn 0.66 Velocity points for every dollar they spend (up to $1500) and then 0.5 point for every $1 after. Virgin Australia Velocity 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 Australia Velocity Flyer credit card is the $129 Virgin Australia Gift Voucher you can redeem each year. Use it for a flight (including sale fares) or holiday package - you can redeem it anytime within 6 months of the voucher issue date.
Plus, if you apply for your new Virgin Australia Velocity Flyer card before 31 October 2018 and are approved by 23 November 2018, you'll go in the draw to win 1 million Velocity Points!