Virgin Australia Velocity High Flyer Card card image

Virgin Money Virgin Australia Velocity High Flyer Card

Advertiser disclosure
Purchase rate
20.74% p.a.
Balance transfer rate
0% p.a. for 12 months and then 20.99% p.a.
Annual fees
Interest free days on purchases
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Mozo editorial review Virgin Money Virgin Australia Velocity High Flyer Card - last updated: 28 October 2021

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What's hot
  • 2021 Mozo Experts Choice Award
  • Earn up to 100,000 bonus Velocity points (min. spend applies)
  • $129 Virgin Australia travel gift voucher
What's not
  • 20.74% p.a. purchase rate
Mozo snapshot

With the Virgin Australia Velocity High Flyer credit card you will get exclusive flight benefits including a $129 Virgin Gift Voucher. The card comes with a zero interest balance transfer offer for 12 months, complimentary international travel insurance, and for every dollar you spend you'll earn 1 Velocity Point. Plus, you can get 25,000 bonus points each month you spend $3,500 or more on purchases for the first 4 months. 

It's even an award winner! The Velocity High Flyer Card was named a 2021 Mozo Experts Choice Credit Card Award winner in the best Velocity Frequent Flyer Premium Credit Card category by our expert judges. 

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Key features

The Virgin Australia Velocity High Flyer credit card has a high interest rate of 20.74% p.a. so this is not a card to accrue debt on. Pay your balance in full each month and you'll get up to 44 days interest free. There is a competitive 0% balance transfer rate for 12 months but make sure you pay off the debt in the time period otherwise you'll end up paying the high 20.74% p.a. on any remaining balance.

The $289 ongoing annual fee might seem like a lot to pay for a credit card each year but when you consider all of the top travel goodies that come with the card, you'll more than cover your costs. You'll get a $129 Virgin Gift Voucher, plus free overseas travel insurance, transit accident insurance, purchase cover and extended warranty cover. To help with all that high flying you'll be doing you also have round-the-clock access to the Visa Platinum Concierge Service.

You'll earn 1 Velocity Point per $1 spent on eligible transactions up to $8,000 per statement period (0.5 Velocity Points per $1 after). Points are uncapped so every purchase made on the card will be going towards getting you your next reward.

There's also up to 100,000 bonus points up for grabs. First, you can score 25,000 bonus points each month you spend $3,500 or more on purchases for the first 40 months (capped at 100,000 points). There's also a new chance for you to score 100 Velocity Frequent Flyer Status Credits when you spend at least $500 booking Virgin Australia flights via the main website within the first four months of being approved for the card.

If you use your Virgin Australia Velocity High Flyer overseas, you'll be charged a 3.30% foreign exchange margin on top of every purchase.

Who is it good for

This card could be a good option for you if you're a Velocity Point seeker, but you need to be an Australian resident to be eligible for the Virgin Australia Velocity High Flyer card.

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Any catches

If you decide to transfer an existing balance to take up the balance transfer offer just be aware that all payments now must go to paying down the most expensive debt first. So if you make any new purchases with the credit card, any payments will go towards these first and your balance transfer second.

Rewards program details

Rates and fees information correct as at 25 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

1 point per dollar on Visa, up to $8,000 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.

Special offers

Earn 25,000 points each month $3,500 or more is spent on eligible transactions for the first 4 months. Apply by 31 January 2022.

Value of rewards points

Spend $19,500 (Visa)

Spend $7,800 (Visa)

Spend $143,200 (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 12 months and then 20.99% p.a.


20.99% p.a.








2.7%, Min $2.70










Payment options

Apple Pay, Samsung Pay

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

100 Velocity Frequent Flyer Status Credits when you spend $500 or more on Virgin Australia flight books within the first 4 months of card approval.

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