The Virgin Australia Velocity Flyer Card has an annual fee of $129 and you can opt for the 0% purchase rate for 14 months and 0% balance transfer offer for 6 months. This means for the first 14 months you won't pay a cent in interest on purchases but it is a good idea to get into the habit of paying your balance in full each month as the rate goes up to 20.74% after the interest free period ends.
If you have debt on another credit card that is attracting high interest, the Virgin Australia Velocity Flyer Card also comes with a 0% balance transfer offer for 6 months.
You can use the card in Australia and around the globe where ever Visa is accepted, and the card comes with PayWave functionality so you can tap and good for purchases under $100.
The program is linked to the Velocity Frequent Flyer Rewards program. Cardholders earn 0.66 Velocity points for every $1 spent (up to $1500) and then 0.5 points per statement period.
One of the top features of the Virgin Australia Velocity Flyer card is the exclusive reduced flights offer. You'll get a $129 Virgin Australia voucher to use on any flight (including sale fares) or Virgin Australia holiday package each year.
Other benefits of the card include the free transit accident insurance, access to a concierge service as well as exclusive Virgin Family offers.
Who it's good for:
If you're a Virgin Australia fan earning over $35,000 and you like to get out of your city and check out what's going on around the country every couple of months.
While the 0% purchase rate offer can be a great incentive to spruce up the wardrobe, just remember that this doesn't mean you won't need to make a repayment for 14 months. You'll still have to make at least the minimum repayments each month on the card so watch that credit limit.