Virgin Australia Velocity Flyer Card - Bonus Points Offer card image

Virgin Money Virgin Australia Velocity Flyer Card - Bonus Points Offer

Advertiser disclosure
Purchase rate
20.74% p.a.
Balance transfer rate
0% p.a. for 18 months and then 20.99% p.a.
Annual fees
$129 $64 in the first year
Interest free days on purchases
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Mozo editorial review Virgin Money Virgin Australia Velocity Flyer Card - Bonus Points Offer - last updated: 21 October 2021

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What's hot
  • Earn up to 100,000 bonus points (conditions apply)
  • 0% balance transfer rate for 18 months
  • $64 annual fee for first year ($129 after that)
What's not
  • Velocity Points earning rate drops to 0.5 Points for $1 spent after $1500 per month
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 Australia Velocity Flyer Credit Card - Bonus Points offer. You can earn up to 100,000 bonus Velocity Points in the first 4 months plus enjoy 0% interest on any balances transferred for 18 months. You also get an exclusive reduced flights offer where you'll get a $129 Virgin Australia gift voucher each year to use on a flight or holiday package.

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Key features

You will be on your way to flying free fast with the 100,000 bonus Velocity points on offer with this card. You'll earn 25,000 Points for each month you spend $2,000 for the first 4 months after you're approved.

Right now you'll also earn an additional 3 bonus Velocity Points per $1 spent in the first 3 months from the card approval date (up to 10,000 points per month).

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 a 55 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.  

Who is it good for

The Virgin Australia Velocity 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 in full each month. Note that to be eligible for the credit card you have to earn a minimum of $35,000.

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Any catches

The rewards earning rate drops after you spend $1,500 each month to 0.5 point for every $1 spent so it could take a while to rack up a decent number of rewards points for things like overseas travel and accommodation.

Rewards program details

Rates and fees information correct as at 23 January 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.

Special offers

Earn 25,000 points each month $1,500 or more is spent on eligible transactions for the first 4 months from card approval. Apply by 31 January 2022.

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 18 months and then 20.99% p.a.


20.99% p.a.




$64 in the first year




2.7%, Min $2.70










Payment options

Apple Pay, Samsung Pay

Rewards privileges


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