Virgin Money Virgin Australia Velocity Flyer Card - Ongoing Annual Fee Offer

20.74% p.a.

0% p.a. for 18 months and then 20.99% p.a.

$50

Velocity Frequent Flyer

Virgin Money Virgin Australia Velocity Flyer Card - Ongoing Annual Fee Offer

20.74% p.a.

0% p.a. for 18 months and then 20.99% p.a.

$50

Velocity Frequent Flyer

Mozo Review   Virgin Money Virgin Australia Velocity Flyer Card - Ongoing Annual Fee Offer Review

Last updated: 1 July 2019.

What's hot:
  • Low $50 annual fee

  • $129 Virgin Australia Gift Voucher each year

  • Earn 3 additional bonus Velocity Points per $1 spent in the first 3 months

What's not:
  • $39 additional card fee

Mozo snapshot:

The Virgin Australia Velocity Flyer Card Ongoing Annual Fee Offer comes with a low annual fee of $50. There are also more than enough goodies to keep you on your toes, including trips to London and Melbourne and gift cards aplenty. The purchase rate sits at 20.74% p.a., and you’ll have up to 44 interest free days to pay off your balance.

Key features:

The Virgin Australia Velocity Flyer Card Ongoing Annual Fee Offer has a low $50 annual fee, which is even more impressive when you consider all the rewards on offer. First of all, you can earn 3 additional bonus Velocity Points for every $1 spent in the first 3 months from the card approval date (up to 10,000 points per month). On top of that, 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 $100 gift card.

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 nought if you don’t redeem them fast enough.

You can also have up to 4 additional card holders, so you and your partner can each work towards gathering those points. Just remember there are up to 44 interest free days to pay off what you owe before the interest rate of 20.74% p.a. kicks in.

And finally, there's a 0% balance transfer rate for 18 months with this card, meaning you’ll have a year and a half to pay off debt from your previous card without interest. The downside is that there are no interest free days on new purchases you make as long as you're using a balance transfer offer, so you’ll have to steer clear of new spending for a while unless you want to rack up a whole lot of interest.


Who it's good for:

The Virgin Australia Velocity Flyer Card Ongoing Annual Fee Offer is good for big spenders who enjoy travelling but don’t want to shell out a massive annual fee to get their hands on a bunch of points.

Any catches?

You’ll need to make sure you’re consistently paying off your balance on time and in full to keep costs low and avoid the sting of the 20.74% interest rate.

Rewards program details

Rates and fees information correct as at 20 August 2019. 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 Gift Voucher each year.

Special offers

Earn 3 additional bonus Velocity Points per $1 spent in the first 3 months from the card approval date and up to 10,000 points per month.

Value of rewards points

Spend $33,240 (Visa)

Spend $11,818 (Visa)

Spend $233,440 (Visa)

Uncapped

Never

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.

Close

Rate and fee details

Rates
  • 20.74% p.a.

  • none

  • 0% p.a. for 18 months and then 20.99% p.a.

  • yes

  • 20.99% p.a.

  • 44

Fees
  • $50.00

  • none

  • 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

Samsung Pay

Rewards privileges

Concierge,
Guaranteed Pricing

Customer Reviews

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

Overall customer rating
5.8/10
Price
6.1/10
Features
6.4/10
Customer service
5.5/10
Convenience
5.5/10
Trust
5.7/10
Virgin Money

About Virgin Money

Virgin Money is a financial services company that differentiates itself with a high focus on customer service and a strong brand. It aims to offer great value banking and insurance products designed around what customers really want. In Australia, Virgin Money's banking products include savings accounts, credit cards, super and it also has a range of general insurance products including home and contents, car and travel insurance.

See Virgin Money credit cards

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$129 $64 in the first year

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0% p.a. for 14 months and then 21.99% p.a.

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