Your Ultimate Guide to the Virgin Velocity Flyer Credit Card
Today we’re taking a deep dive into the Virgin Velocity Flyer Credit Card, a ripper option for Aussies looking to earn Velocity Points on their everyday spend.
Whether you’re dreaming of jetting off to Bali or scoring a cheeky upgrade on your next domestic flight, this card might just be your ticket to travel rewards bliss.
So, grab a cuppa and let’s get stuck into the nitty-gritty of what this card has to offer.
The Lowdown on the Virgin Velocity Flyer Credit Card
The Virgin Velocity Flyer Credit Card is designed for Aussies who want to turn their everyday purchases into travel rewards.
It’s linked to Virgin Australia’s Velocity Frequent Flyer program, which means you’ll be racking up points faster than a kangaroo on a trampoline. But is it the right card for you? Let’s break it down.
Annual Fee: A Fair Dinkum Deal
First up, let’s talk about the annual fee. Virgin Money is currently offering a sweet deal for new customers:
- $0 annual fee for the first year
- $149 annual fee thereafter
This introductory offer is a bonza way to test drive the card without committing to the full fee straight away.
After the first year, the $149 fee is pretty standard for a rewards credit card in Australia. It’s worth noting that some offers may have different terms, so always check the latest details when you apply.
Points Earning: More Points Than a Echidna Has Spines
Now, onto the good stuff – how many Velocity Points can you earn? The Virgin Velocity Flyer Card offers a tiered earning structure:
- Earn 0.66 Velocity Points per $1 spent on eligible transactions up to $1,500 each statement period
- Earn 0.5 Velocity Points per $1 spent thereafter
- Earn 1 extra Velocity Point for every $1 spent directly with Virgin Australia
This means you can earn up to 990 points on your first $1,500 of eligible spend each month, plus 0.5 points per dollar on anything over that.
If you’re booking flights or holidays with Virgin Australia, you’ll be laughing all the way to the airport with double points.
→ REQUEST YOUR CREDIT CARD NOW
Bonus Points Offer: A True Blue Boost
Virgin Money loves to sweeten the deal with bonus points offers for new cardholders. While these offers change regularly, at the time of writing, there’s a ripper deal on the table:
- Up to 60,000 bonus Velocity Points
- Plus an extra 30,000 bonus Velocity Points by 15 July 2024
To snag these bonus points, you’ll typically need to meet a minimum spend requirement within the first few months of card approval.
Always check the current offer and terms when you apply, as these can change faster than a Melbourne weather forecast.
Complimentary Benefits: The Cherry on Top
The Virgin Velocity Flyer Card comes with a few extra perks that’ll make you feel like a VIP:
- $129 Virgin Australia Gift Voucher: Each year, you can request a $129 Virgin Australia Gift Voucher. This is a beaut way to offset part of your annual fee or score a discount on your next flight.
- Balance Transfer Offer: At the time of writing, there’s a 0% p.a. interest for 24 months on balance transfers. This could be a handy way to consolidate debt, but remember, the rate reverts to the cash advance rate after the promotional period.
- Visa Platinum Benefits: As a Visa Platinum card, you’ll get access to a range of Visa’s premium services and offers.
Interest Rates and Credit Limit: The Fine Print
While we’re all about the rewards, it’s important to understand the interest rates and credit limit:
- Purchase Rate: 20.74% p.a.
- Cash Advance Rate: 20.99% p.a.
- Interest-free Days: Up to 55 days on retail purchases (when you pay your balance in full)
- Minimum Credit Limit: $6,000
Remember, these rates are variable and subject to change. To make the most of this card, aim to pay off your balance in full each month to avoid interest charges.
→ REQUEST YOUR CREDIT CARD NOW
Making the Most of Your Virgin Velocity Flyer Card
Now that we’ve covered the basics, let’s talk about how to squeeze every last drop of value from your Virgin Velocity Flyer Card.
Maximise Your Points Earn
To rack up those Velocity Points faster than a Holden Commodore on the Hume Highway, consider these tips:
- Use your card for all eligible purchases: From your weekly grocery shop to your morning flat white, every dollar spent adds to your points balance.
- Book Virgin Australia flights with your card: Remember, you’ll earn an extra point per dollar on Virgin Australia purchases.
- Keep an eye on bonus point offers: Virgin Money and Velocity often run promotions where you can earn extra points on specific purchases or with partner brands.
- Add additional cardholders: Authorised additional cardholders can help you earn points faster on their spend too.
Redeeming Your Velocity Points
Once you’ve built up a healthy stash of points, it’s time to put them to good use. Velocity Points can be redeemed for:
- Flights with Virgin Australia and partner airlines
- Flight upgrades
- Hotel stays
- Car rentals
- Retail products and gift cards
For the best value, aim to redeem your points for flights or upgrades. A business class upgrade on a long-haul flight can make you feel like you’ve hit the jackpot at the pokies!
Pairing with Velocity Membership
To really turbocharge your rewards, pair your Virgin Velocity Flyer Card with Velocity Frequent Flyer membership. This combo will help you:
- Track your points balance easily
- Earn Status Credits on eligible flights
- Access member-only offers and promotions
Remember, Velocity membership is free to join, so there’s no reason not to sign up if you haven’t already.
→ REQUEST YOUR CREDIT CARD NOW
Is the Virgin Velocity Flyer Card Right for You?
Like choosing between Vegemite and Promite, deciding if this card is right for you comes down to personal taste. The Virgin Velocity Flyer Card could be a ripper choice if:
- You frequently fly with Virgin Australia or its partner airlines
- You’re keen to earn Velocity Points on your everyday spend
- You can comfortably meet the minimum income requirement of $35,000 per annum
- You’re happy to pay an annual fee for a rewards credit card
- You typically pay off your credit card balance in full each month
However, it might not be the best fit if:
- You rarely fly or don’t value travel rewards
- You’re looking for a low-rate or no-annual-fee credit card
- You tend to carry a balance on your credit card (the high interest rate could outweigh the rewards)
The Verdict: A Fair Dinkum Rewards Card
The Virgin Velocity Flyer Credit Card is a solid choice for Aussies looking to earn travel rewards without breaking the bank.
With a competitive earn rate, a yearly flight voucher, and the potential for hefty bonus points, it offers good value for its annual fee.
That said, like a meat pie from the servo, it’s not for everyone. If you’re a frequent flyer who loves Virgin Australia and can make the most of the points and perks, this card could be your new best mate.
But if you’re not fussed about travel rewards or prefer a no-frills approach to credit, you might want to look elsewhere.