Virgin Flyer Credit Card – Review & Application
Pros
- Great balance transfer offer.
- Double your Velocity Points on purchases for 3 months.
- Get 4 complimentary flights every year with the 2 for 1 flights offer
- Reasonable annual fee for a rewards credit card
Cons
- There is a cap each month of $1,500 for earning points at the higher earn rate of 1 Velocity Point per $1 - after this, it reverts to 1 Velocity Points for every $2 spent
- Only 44 interest free days, compared to many of the other cards which have 55 interest free days
Overall
It's fantastic to have Virgin Money back offering credit cards in the Australian market. The Virgin Flyer is a stand-out direct earn credit card for the Velocity Rewards program
The new Virgin Flyer Credit Card has just been launched! Virgin just unleashed their new Virgin Flyer credit card and it allows card holders to not only save money, but it can also be used on Virgin flights.
This card offers great value for people who love to travel. Read on to find out all about this innovative Virgin credit card.
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
1.9% p.a. for 9 months |
|---|---|---|
| Interest Rate on Purchases | |
20.99% p.a. |
| Annual Fee | |
$99 |
| Interest Free Period | |
up to 44 days |
| Cash Advance Rate | |
20.99% p.a. |
| Card Type | |
Standard |
| Minimum Income Requirement | |
$35,000 p.a. |
| Credit Card Type | |
Visa |
| Rewards Program | |
Yes |
Virgin Flyer Credit Card Benefits
Virgin uses what are called Velocity Rewards in order to reward its card holders. Velocity Rewards is the award-winning loyalty program of Virgin and it allows you to earn points with each Virgin Credit Card purchase. The more points you have, the more money you’ll save. You can use Velocity Rewards on international and domestic flights to over 400 destinations, various accommodations as well as online shopping.
Virgin Flyer credit card holders will earn 1 Velocity Point for every $1 spent on the card up to $1500 per month, and then card holders get 1 Velocity Point for every $2 they spend.
Virgin Flyer credit card holders can buy a seat on Virgin Australia and they’ll be eligible for a second seat free.
Other Benefits
Cardholders can also enjoy the following additional benefits:
- Access to exclusive Virgin offers and discounts
- Choice of 3 card colours
- Fraudshield protection
- Zero Liability guarantee
- Option to obtain CreditShield Edge
- Concierge service with 24/7 customer service
Points
- The Virgin Flyer credit card allows cardholders to earn Velocity points by spending on the card.
- Velocity is the Virgin loyalty program.
- These Velocity points can then be redeemed for flights on Virgin Australia, V Australia, Pacific Blue or any of the Virgin partner airlines, including international airlines which fly to over 400 destinations worldwide.
- The points can also be redeemed for other rewards such as merchandise, shopping vouchers and more.
When it comes to redeeming your points for flights, you can rest assured that there are no blackout periods. You can redeem points for any flight you want at any time you choose. However, remember that it is hard to get a last minute booking during peak travel seasons, so book your flight well ahead of time.
2 for 1
If you use your Virgin Flyer credit card to book flights on Virgin Australia, you can have a friend travel with you for free. These free flights are available on Blue Saver, Flexible and Premium Economy fares – your friend can enjoy up to 4 one-way free flights per year.
About Virgin Money
The Virgin credit card is being offered by Virgin Money, which is the financial services arm of the Virgin Group. Virgin Money was established in Australia in 2003, and has the aim of being a transparent and honest financial services company. They hope to introduce greater customer fairness and competitiveness in the Australian financial services sector.
Virgin Money is focusing on offering great deals and great customer service. The other financial products of Virgin Money include savings accounts, superannuation, car insurance and more.
This Virgin Flyer credit card is a great offer which you really don’t want to miss out on.
Card Security
Virgin credit card holders can be rest assured that their money is safe because the Virgin Flyer is alarmed and ready. All card holders automatically qualify for Fraudshield, which detects irregular transactions and flags them for further review. If you didn’t make the purchases, you’re not liable under Visa’s Zero Liability policy.
Card holders also receive advanced online security, the ability to pick up replacement cards with no fuss or long waiting times and customer service representatives are always standing by for whenever you need it.
The best part about the Virgin Flyer credit card is the fact that it comes with state of the art chip technology. That means tracking fraudulent purchases will be easier, and this should make card holders feel good that their interests are being looked after.
The Application Process
To apply for the Virgin credit card, the potential card holder must be over 18 years of age, earn more than $40,000 per year, be a permanent Australian resident and have a good credit rating.
Then, the potential card holder needs only pick from three different styles of card: Black, red and white.
Before applying, either online or over the phone, potential card holders should ensure they have all income and expense information ready, all account details of any balance transfer requests, a driver’s license if applicable, and the person’s Velocity Membership number if they have one.
With so many features, discounts on Virgin flights, and complete security, this is one card that is sure to take off.
New Virgin Flyer Credit Card Benefits
The New Virgin Flyer credit card offers low rates, a low annual fee and low balance transfer rates. The New Virgin credit card offers 20.99% p.a. for six months and an annual fee of only $99. But it’s what you get for that money that truly makes the New Virgin credit card worth it.
Virgin Flyer Credit Card
Be rewarded with excellent points to fly and other fantastic benefits including 2 for 1 flights when you buy with the Virgin Flyer Credit Card
- $99 annual fee
- 20.99% p.a. on purchases
- 1.9% p.a. for 9 months on balance transfers
- Cash Advance Rate of 20.99% p.a.
- 44 days interest free
- Minimum Income Requirement of $35,000 p.a.
The purchase rate on the New Virgin Flyer credit card is 20.99% p.a.. But that’s not all. With the New Virgin Flyer, there’s also a chance to save on Virgin flights to wherever you need to go.
Save on Virgin Flights
New Virgin credit cards allow you to earn Velocity Points that can be used towards Virgin flights. Card holders earn 1 Velocity Point for every $1 spent on their New Virgin Flyer cards up to $1500 per month, and then card holders receive 1 Velocity Point for every $2. You can redeem your points for some great rewards, including flights, accommodation, car hire and much more.
And not only can New Virgin Flyer credit card holders save on flights, they can also receive free seats on a flight, as well. All card holders need to do is buy a seat on Virgin Australia and they’ll receive a second seat free.
Plus, if card holders apply for and use their new Virgin card before October 15th, 2010, they’ll receive a free one-way fare to a selected destination flying Virgin Australia.
Security Features
When it comes to security, the New Virgin Flyer credit card assures customers their cards will be safe around the clock. Customers get Fraudshield, which will automatically detect any purchases that seem out of place, they’ll get Visa’s Zero Liability protection, which prevents customers from having to pay for purchases that aren’t theirs, and advanced online security.
In case a card is lost or stolen, customers can get a quick replacement with no fuss, and customer service is available all the time, twenty four hours per day, seven days per week.
But it’s the state of the art chip technology that is really the heart of the New Virgin credit card’s security. With so many features, discounts on flights, and high tech security, this card is perfect for any customer who loves to fly on Virgin airlines.
Read the official terms and conditions
| Minimum Income | $35,000 | Minimum Age | 18 years of age |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $6,000 | Max Credit Limit | $100,000 |
| Annual Fee | $99 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | Purchase Date |
| Late Payment Fee | $10 | Over Limit Fee | $40 |
| Overseas Emergency Replacement | Overseas ATM Balance check | ||
| Overseas ATM Withdrawal | Foreign Currency Conversion Fee | 3.3% |
| Rewards Points per Dollar | VISA:1 Point(s) | Points needed for Syd/Mel Return Flight | 18000 |
| Points needed for $100 Voucher |
Are the free flights available from and within WA?
Hi Todd
Thanks for your comment. The flight offer is for up to 4 flight segments per year and is defined as a non-stop flight. e.g. a flight from Brisbane to Melbourne, with a Sydney stopover will be considered as 2 flight segments, Bris ? Syd then Syd ? Melb
The terms and conditions don’t have any restrictions saying that the flights aren’t available from and within WA. The airport however would have to have Virgin Australia flights available.
Cheers
Jeremy
Why is there an intro interest rate on purchases But also and interest free period? I don’t understand how that works.
In the application process text minimum income is $50,000 but in two other places it states minimum income $40,000.
Could you clarify which it is?
Hi,
With the Virgin Flyer Credit Card, is this linked to a normal bank account? If so, is internet banking available.
Thanks,
Tom.
Hi Tracey
Thanks for your comment
The minimum income for the Virgin Flyer credit card is $40,000 p.a.
Cheers
Jeremy
Hi,
Just wondering, if you are a student do you get any additional offers such as an annual fee waiver?
Hi Jo
Currently there is no benefits for being a student when applying for the Virgin Flyer
Cheers
Jeremy
so the nine months are any time after you activate your card or, there is a set date on when the interest free period ends..?
Hi Dany
Thanks for your comment
Here is the relevant information you need from the terms and conditions:
“The balance transfer interest rate applies to balances transferred with this offer at point of application, for the period shown. To be eligible for this balance transfer offer, you need to apply by 31 July 2011. Transferred balances are repaid first during this period. At the end of the balance transfer period, interest rate on any outstanding transferred balance will revert to the interest rate for cash advances”
Cheers
Jeremy
what is the expire on the fly POINTS?
can you wait and wait to accumulate more points?
Hi Maria
Thanks for your question
As long as you continue to occasionally earn or redeem Velocity Points, your Velocity membership never closes and your Points balance will never expire. If you don’t earn or redeem Velocity Points in a three-year period, your Account will become inactive and your membership and Points balance may be terminated.
Yes – you can choose to keep the points in your Velocity Rewards account and continue earning more points.
Cheers
Jeremy
Hi, I am not a Permanent Resident in Australia. But I am resident in 457 work visa since 2008. Am I eligible?
Thanks.
what fees are there for zero percent transfers?
can you fly non stop brisbane -perth
Hi Betty
According to the Virgin Australia website, you can fly direct from Brisbane to Perth non-stop. There are some flights which fly via Sydney also.
Cheers
Jeremy
how many points do you need to book a flight and where do i make my payments on the card in adelaide ta
If I make a balance transfer of $9000.00 how do I go about it. I am employed and earn > $40,000 per annum.
Hi, is it too late to apply for the 0% interest on balance transfer now since it’s August already? Thanks.
Hi Eileen
Thanks for your question
This offer has been extended to the 30th September 2011
Cheers
Jeremy
Hi Rose
Thanks for your question
When applying for the credit card, there is a section specifically for doing a balance transfer where you outline your existing credit card details and balances. The bank will then either give you a cheque to pay off those balances with each provider, or pay each provider directly.
Cheers,
Jeremy
Hi Deb
Thanks for your question
To book a flight, it really depends on the origin and destination. You can use the points calculator on the Velocity Rewards website to calculate the required amount of points.
Bills are payable with either a Funds Transfer (from another bank account), by Direct Debit Auto Pay, Cheque, via Bank@Post at an Australia Post office or via BPay from any other suitable bank account that you have.
Cheers,
Jeremy
Hi Mary
Thanks for your comment
Balance transfers are charged at the balance transfer rate for balance transfers. Please keep in mind new purchases will still accrue interest charges during the balance transfer period
Cheers
Jeremy
Hi Anantha
Thanks for your comment.
It is best to speak to the Virgin Money customer service team regarding this question
Thanks
Jeremy
What is the cost for an additional cardholder?
Hi Cara
The additional cardholder fee is $39 p.a.. You can have up to 4 additional cards on your account.
Cheers,
Jeremy
who are the virgin partner airlines I travel from Darwin to asia a fair bit
Cheers
Hi Scott
Thanks for your comment
Virgin Australia’s partner airlines include:
- Pacific Blue
- Polynesian Blue
- V Australia
- Etihad Airways
- Air New Zealand
- Delta Airlines
- Skywest
- Virgin Atlantic
- Virgin America
- Hawaiian Airlines
- Malaysia Airlines
- Singapore Airlines
- Airlines PNG
Cheers
Jeremy
I want a card for my wife who is not working.
Can I get a supplementary card for her?
Can I get a card for my wife and also where are payments made.
Is their a charge to have a Virgin Credit Card
Hi Maree
Thanks for your question. The Virgin Flyer Credit Card has an annual fee of $99 p.a.
Cheers,
Jeremy
Hi Rob
Yes you can – The additional cardholder fee is $39 p.a.. You can have up to 4 additional cards on your account.
Virgin Money offer the following card repayment methods:
- Direct Debit Auto Pay
- BPAY®
- Cheque
- Payment at Australia Post using cash or EFTPOS
Cheers
Jeremy
Hi Jeremy,
Does the interest free period for purchases apply to overseas transactions? Will there be a currency conversion fee?
Thanks,
Brenton
Why is this and several other credit card websites promoting 0% interest on cash advances for 6 months until 31st December 2011. Then when you ring up not true and never has been.
Hi Susan,
Thanks for the comment.
The Virgin Flyer Credit Card is offering a 0% p.a. for 6 months interest rate on cash advances exclusively online.
Point 6 in the terms and conditions states: 6. The 0% p.a. interest rate applies for the first 6 months on purchases, cash advances and balance transfers.
I have confirmed this with Virgin Money and this is definitely the case should you apply for the Virgin Flyer Credit Card via our website.
Cheers,
Jeremy
Hi Brenton
I have confirmed that the 0% purchase rate offer applies to overseas transactions.
There is a Foreign Currency Exchange Fee for Visa transactions of 3.3%. When you use your card overseas, a foreign currency exchange fee is charged on all retail and cash transactions that are converted into Australian dollars. On your statement, you will see overseas transactions converted to the Australian dollar value and including the fees as one single transaction.
Cheers
Jeremy
The application asks for time with employer but I’ve just started with a new employer. Will this affect the application?
Hi Joanne
Employment history is certainly taken in to account in the credit card application process.
Cheers
Jeremy
Hi
I have two credit cards I want to transfer from to this one. Approximately $3,500 in debt, if I am unable to pay off the $3,500 in six months, do I pay the interest on this total amount or the outstanding amount.
Hi Kim
At the end of a balance transfer period, the interest rate reverts to the cash advance rate which is applied to the outstanding balance.
Cheers
Jeremy
G’day,
Is the complimentary travel insurance domestic only or international? There was no further info on the Virgin Money website about this, unless you started your application for the card… not good.
Hi
Our company is looking for a new credit card with that offers free & discounted flights outside Aust. We spend about $50-$60k on the credit card & looking to increase it. Also employee credit cards controlled by the main one, and also earns points for free flights. What’s the best no. to contact you? We have quite specific needs. Thanks
Hi Jeanette,
What you’re looking for is a business credit card that is coupled with a rewards program to take advantage of your company spending. There are quite a few out there tailored to specific needs; however, a card like the American Express Platinum Credit Card offers supplementary cards to your employees at no cost has no spend / credit limit. Please check our business credit card comparison page for further information. – http://www.creditcardfinder.com.au/business-credit-cards
Cheers
Jeremy
Hi Paul,
Thanks for your question. The terms and conditions set out the guidelines for complimentary international travel insurance, transit accident insurance and interstate flight inconvenience insurance. Interstate Flight Inconvenience Insurance and Transit Accident Insurance cover you and your family for things like missed flights and lost luggage etc. when in a domestic terminal, while the international cover includes your entire overseas trip. Please check the fine print by following the terms and conditions link at the bottom of the page for further information or don’t hesitate to give Virgin a call for clarification on certain points. Hope this had helped. Cheers.
Jeremy