Virgin Australia Velocity Flyer – Balance Transfer Offer
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| Product Name | Virgin Australia Velocity Flyer Card – Balance Transfer Offer | |
|---|---|---|
| Balance Transfer Rate | 0% p.a. for 8 months | |
| Interest Rate on Purchases | 20.99% p.a. | |
| Offer end date | 30 June 2013 | |
| Annual Fee | $64 p.a. annual fee for the first year ($129 p.a. thereafter) | |
| Interest Free Period | up to 44 days | |
| Interest Rate on Cash Advances | 20.99% p.a. | |
| Minimum Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
|
$6,000 | |
| Max Credit Limit | $100,000 | |
| Minimum Monthly Repayment | 2% | |
| Credit Card Type | Visa | |
| Late Payment Fee | $10 | |
| Complimentary Travel Insurance | Yes | |
| Available to Temporary Residents | No | |
| Joint Application | No |
Consolidate your existing credit card debts
Benefit from a really low balance transfer rate of just 0% p.a. for 8 months. This is a great way to consolidate your existing credit card debt. Put your existing card debts into this new card then make the most of the next 8 months.
Pay as much off your debt as you possibly can by increasing your repayments so when the 8 months are up you’ll hopefully be debt free.
It’s important to note that the low balance transfer rate fee will then revert back to the standard cash advance fee of 20.99% p.a. which means you’ll be hit with a lot of interest if you still haven’t paid off your debt by then. So keep this in mind.
Get complimentary seats on the same flight (up to 4 times each year)
When you buy a domestic Virgin flight with your new Flyer Visa Platinum you can qualify for up to 4 free additional flights every year on the same flight. Please note some terms and conditions apply for this so read the small print before submitting your application.
Get rewarded for spending money
For every dollar you purchase you get 1 Velocity Point on your card. You can earn up to 1500 points each month in this fashion. Once you’ve spent $1,500, you’ll earn 1 point for every $2 you spend.
Colour code the card to your wardrobe
What Else do I Get?
You get a number of cool benefits when you tuck this nifty little card into your back pocket. For starters you get access to regular Virgin specials and offers (including discounts).
Your card is protected by the standard Fraudshield protection. It’s monitored for fraud 24/7 so you can get peace of mind. Plus you get:
- An option to obtain CreditShield Edge
- Concierge service – 24/7 customer service
- A zero liability guarantee
How Can I Apply?
If you’re at least 18 years old, have an income of $35,000 per annum and more, are a permanent Australian resident and have a decent credit rating, then you can apply for this card right now.
Before you click to submit your application make sure you have all information at hand, such as your income/expense details, account details for possible balance transfers, your driver’s license and if you have it your Velocity Membership card or number.
Why Should I Apply for This Card?
If you consider yourself a frequent flyer and enjoy the benefits of flying with Virgin then you’ll love the fact that this card can earn you free flights each year. Basically the more you spend, the more you fly – and chances are you get to fly free once you have enough Velocity points to redeem for a flight.
Read the Virgin Australia Velocity Flyer Card - Balance Transfer Offer terms and conditions.
| Minimum Income | $35,000 | |
|---|---|---|
| Minimum Age | 18 years of age | |
| Available to Temporary Residents | No | |
| Credit Rating Requirement | Good | |
| Min Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $6,000 | |
| Max Credit Limit | $100,000 |
| Annual Fee | $64 p.a. annual fee for the first year ($129 p.a. thereafter) | |
|---|---|---|
| Balance Transfer Fee | 0% | |
| Minimum Repayment | 2% | |
| Late Payment Fee | $10 | |
| Over Limit Fee | $40 | |
| Overseas Cash Advance Fee | $5 | |
| Foreign Currency Conversion Fee | 3.3% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $39 |
Read the Virgin Australia Velocity Flyer Card - Balance Transfer Offer terms and conditions.
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Is this card also available for business applications?
If a married couple get the credit card, can you get two credit cards but have them linked to the same account?
Can you also then have your business credit card linked to the same account as the married couple’s account to increase the points?
Hi J, thanks for your question. This credit card is open to personal applications only, business can’t apply. Although business employees can take out a card in their own name and have their employer reimburse them. Virgin do not offer any credit cards that allow joint-account holders, for a list of providers that do, please refer to our page on institutions that allow joint-account credit cards. Cheers.
Up to 4 trips a year? Does this mean you have to spend a certain amount on the card for each trip? Is it 4 trips regardless how the card is used? The site is not forthcoming in explaining this!
Hi Nigel. Thanks for your question. If you book your flights with Virgin, you receive 1 free domestic airfare and 2 Virgin lounge entries. Anytime you book travel on this card you receive domestic and international travel insurance with included inconvenience insurance. If booking with Virgin you will receive 3 Velocity points per dollar spent. If booking you choose to fly with another carrier you with get the standard 1.5 points per dollar spent on the fare. For details around the four complimentary Virgin flights, please refer to their terms and conditions. Cheers.
how many velocity points do i need for a flight to uk
Hi Paul. 62,500 Velocity points + Taxes are needed for a Sydney to London (Heathrow) flight – economy class. For a Velocity point calculator, please check the Velocity Rewards Calculator. Thanks for your question.
This web application keeps crashing when I try and submit my application and there is no phone number here.. How can I apply??
Do you receive points on the balance transferred across. For example if the debt transferred to Virgin velocity is $50,000 do you receive 50,000 velocity points?
Hi Julie. Thanks for your question. Velocity points can not be earned on balances transferred on to the card. Cheers.
Hi can you transfer the balance of a personal loan to this card? Thanks
Hi Shannon. Thanks for your question. The following was taken from the Virgin Credit Card FAQs Page: ‘Any credit account balances with other financial institutions/stores, such as: Visa and MasterCard (all banks), Most store cards (e.g. David Jones and Myer), Personal Loans and Lines of credit’, can be included in a balance transfer. Cheers.
The web application also keeps crashing for me when i try to submit my application. How do you apply?
Hi Niki. Thanks for your question. Please try the application from a different machine. We have no problems on our end. Cheers.
Hi,
Does this card allow transfers from multiple cards. Is there a maximum amount that can be transferred? E.g. like 70% of the limit in the card.
Thanks
K
Hi Kramer. Thanks for your question. Virgin will allow a balance transfer from non-related Virgin credit cards up to 80% of the approved credit limit for the new card. For information on transferring the balance from multiple cards, check this page. And for information on which institutions Virgin won’t allow a balance transfer from, check this page. Cheers.
Hi,
Is there a precedent of interest rate payment? For example – if I tranfer $5,000 and then buy flights for $300 (at 20.99%) does the repayment I make on the card pay down the $300 first or last?
Hi Chris. Please refer to our page on the allocation of credit card repayments. Cheers.
Hi,
with the Free 4 Domestic flight, do I need to have Visa Platinum card? or it can apply to Velocity Flyer card?
Thanks
Hi Johan. Please read our post on the topic, ‘How does the Virgin Australia free flights credit card offer work?‘. Thanks for your question.
Is there a virgin card with the 4 free fights a year i can apply for if my income is only just over $20000. I am thinking of transferring my other credit card balance of around $5000(I haven’t bought want I want as yet), I am really just wanting the free flights and the low transfer balance, thanks. My credit rating is perfect and have had this other platinum credit card for many years. If this is not possible could we have the Virgin card in 2 names (one of which flies to the UK quite often!), just a thought , that would make the annual income much higher. I would like one just for myself though if possible!
Hi Carolyn. Please read this page on, ‘How does the Virgin free flights offer work?‘ for information about this topic. Thanks for your question. Please also check this page to see which institutions offer joint account holder credit cards and which ones don’t. Thanks for your question.
What percentage of the balance transfer do you pay? Thanks
Hi Stefan. Thanks for your question, the minimum monthly repayment is currently 2.00%. You’re unable to direct payments to a specific portion of the debt, rather there’s an automatic allocation of payments. So, if you only have a balance transfer balance on your card and you only pay the minimum each month, you’ll pay 2.00% off that balance each month. If you have other charges on the card like cash advances and purchases, your repayments will be directed to those charges first while the balance transfer balance will go unpaid. There is no limit to how much you can pay off the card at any one time. Cheers.
Please can you confirm travel insurance applies when travel is booked on this card, it is not listed on the virgin money website, however the high flyer card does
Hi Emma. Thanks for your question. Complimentary international travel insurance is available with the Virgin High Flyer Credit Card only. Thanks.
hi, i wanted to apply for this card over the phone, but was told this offer isn’t available, just the $99, and also the balance transfer would be 9.9%, not the low rate, i already have a no fee Virgin card and wanted to upgrade to this card, do i have to apply online for this offer ?
Hi Toni. The offer is available through our site. Cheers.
With regards to balance transfers, can I transfer my husband’s credit card balance to this credit card (that would be in my name)?
Hi Dannielle. Thanks for your question. Please read our article on this topic, Can I balance transfer a credit card from my partner? Cheers.
I have some credit card & a debit that I would like to consolidate of approx $15,000 is this possible through your velocity flyer card if so how do I go about organising this
Kind regards
Jo
Hi Joanne. Thanks for your question.The Virgin Velocity Flyer card currently offers a promotion currently 1.9% interest for balances transferred for 12 months. Generally speaking if you’re approved for a credit card, you’re also eligible for a balance transfer; however, there are instances when a balance transfer won’t be accepted: you can’t transfer more than your available credit limit on your new card, you can’t transfer Virgin to Virgin, there are no interest free days while you have a balance transfer promotion running on your card, balance transfers are only available if you’re transferring from a credit card or store card and no points are earned on balance transfers as it is treated as a cash transaction. To organise a balance transfer, please progress with your application. Cheers.
If the debt is not paid off in the 12 month period does the cash advance rate apply to the original debt or the balance owing
Hi Faye. Thanks for your question. After the promotional balance transfer period has finished, you will be charged at the cash advance rate on any balance owing from the original balance transfer amount. Cheers.
Can Federal government employees apply for these cards and if so, what details should be listed under the section which following “retirees” and asks for “Employer name, address etc?
Hi Barbara. Thanks for your question. If you meet the eligibility requirements at the bottom of the review and application page then you are able to apply for this card. Please list your employer details as they appear on your employment documentation, I.e. tax documents and pay slips etc. There should be no issue with listing the government as an employer. If there is, please inform a representative from the organisation you want to apply for a card with. Hope this helps.
Hey,
I have already booked 2 international flights with Virgin to the US in June. Was just wondering if I apply for the card could I still get the complementary travel insurance since they are already booked?
Cheers mate
Hi Jamie. Thanks for your question. A condition of the insurance is that you must pay for a certain amount of your travel expenses on your card before you go. Cheers.
With this Virgin credit card, after the 1st year, how much would the annual card fee be? It is not shown.
Thank you.
Hi M. Thanks for your question. After the first year the annual fee is $129 per annum. Cheers.
Hi there,
In regards to the additional flights, I believe to qualify for these flights you need to be travelling a as pair on the same flight, the terms and conditions state that a 50% discount is given to both people travelling which I guess is the equivalent to one free flight. Just to clarify, does that mean if I see a flight to Perth from Sydney for let’s say $300 on the Internet and there are seats free for that particular flight, than the total would be $150 for each person – is this correct?
Thank you in advance :)
Hi Heidi. Thanks for your question. What you have suggested sounds correct. This page on how the Virgin complimentary flights offer works should be of some assistance. Cheers.
when is the annual fee charged? after the 12 months or as soon as you get the card?
Hi Nicole. Thanks for your question. The annual fee for all credit cards is changed to the first statement period and then to the anniversary statement thereafter. Hope this helps. Cheers.
Hi Jacob,
If I Balance Transfer $X to this Virgin card and am not able to pay the Full amount in the 9mths provided, can I balance transfer out to another bank card? (ie are there fees involved?).
Also would I be required to close my other bank credit card I’m transferring out of?
Thank you in advance…
Hi Frank. Thanks for your question. If you’re not able to pay off the full amount during the balance transfer promotional period, you are able to balance transfer again to a different credit card. You’re not required to close the old card once a balance transfer has been processed. Cheers.
I run a small business with employees. At present we use Amex business green cards which basically act like a debit card monthly. Can we sign a business up with multiple cards and can we clear the debt monthly?
Hi Peter. Yes you can do this. Most business credit cards allow you to have multiple additional cards to give to employees. American Express, for instance, let you have up to 99 additional cardholders. Please refer to our business credit card comparison page to find the card that is right for you. Thanks.
On the Virgin website this card is advertised with up to 30,000 bonus velocity points. Do bonus points come with this 0% balance transfer offer?
Hello Anna,
thanks for your question.
After browsing the Virgin Money website I couldn’t find any references to a 30,000 bonus points offer, but only reference to the 15,000 bonus points offer, which we offer on this page.
I hope this helps,
Marc.
I have an outstanding balance of some $30K with another institution. If I apply for the Virgin card, can I transfer the entire balance of $30K.
Thanks.
Hello Allan,
If approved, Virgin Money allows cardholders to carry out a maximum balance transfer of 95% – 100% of the available credit limit they’re approved for.
I hope this helps,
Marc.
Can I use my velocity points to pay for the annual fees
Hello Wayne,
thanks for your question.
Unfortunately velocity points cannot be used to pay for the annual fee of the Velocity Flyer card.
Cheers,
Marc.
Hi i wanna ask that how much credit limit can be approved as i get $40,000 per year ,,have a good credit rating….thanks
Hi Ronan. Thanks for your question. Your credit limit is assigned based on the financial information you provide to the lender during application — they will give you a limit based on the size of the debt they think you can handle. You can lower the limit or apply to have it raised after you apply provided you’re approved — if you apply for a credit limit increase, it will be marked as a enquiry on your credit file. Cheers.
Can I transfer the whole amount from my credit card.?
Hi Annette. Thanks for your question. Virgin allow you to transfer up to 80% of your approved credit limit. Hope this helps.
i am taxi driver can i apply for this card Virgin Australia Velocity Flyer – Balance Transfer Offer can i get approval
Hi Lucky. Check the eligibility requirements at the bottom of the review and application page – minimum income requirement and credit rating requirement – this is how you know whether you’re eligible for the card. You can transfer a balance from non-Virgin credit cards, store cards or lines of credit. Jacob.
Does this card allow balance transfers from personal loans?
Also, what is the maximum balance transfer allowed?
Hello Chloe,
thanks for the question.
This card allows for balance transfers from most non-Virgin Money personal loans, credit cards, store cards and lines of credit. The maximum amount for a balance transfer is 80% of the credit limit you’re approved for.
Cheers,
Marc.
My application is approved, but I don’t have any payslips, as I get paid cash. What happens now?
Hi Jas. Thanks for your question. How do you declare your income and pay tax? Can you show tax returns if they ask for income verification? Jacob.
If you apply via this site can you still earn 15,000 Velocity points?
This card is available from Virgin Money website $129 with 15,000points based on spend.
If you purchase from this website it appears to be the same only card and benefits for $64 but no mention of earning 15,000 velocity points with $5000 spent on purchases in first 3 months.
Hi JF. Thanks for your question. We currently have an offer with Virgin. You can either apply for the card with the balance transfer offer and a reduced annual fee, or you can go for the normal offer, which includes bonus points. Jacob.
Is the minimum income requirement for tis card $35,000 net or $35,000 gross? Thank you.
Hi Sonya. Thanks for your question. The minimum income requirement is gross income. But they also factor in your expenses and liabilities. Jacob.
Hi can i balance transfer in 2 lots that is one at the time of application and 1 say in 4 months time
Thanks
Hi A. Thanks for your question. It depends. If you didn’t request a Balance Transfer when you applied for your card, you can still apply within 30 days of your card being activated. If you wait any longer than this, you won’t receive the promotional rate of interest. Jacob.
Is this offer still available? I have called Virgin Money only to be told they are offering $129 annual fee and nine months interest free?
Hi Kelly. Thanks for your question. The offer available through CreditCardFinder.com.au can be found on the product review and application page – listed in the product table at the top of the page – the half annual fee offer is exclusive to CreditCardFinder.com.au for a limited time. Jacob.
What do you mean by qualify for up to 4 free additional flights every year on the same flight?
Are you referring to same flights to same destination?
Can family members qualify for free flights? E,g. Book one flight for 4 members?
Hi Chee. Thanks for your question. There are some terms and conditions you will need to be aware of, so we make a page explaining how the free flights offer works. Please see this page for more information. Jacob.
just wondering how my application was going ?
Hi Duane. Thanks for your question. If you’re wondering how to check on your credit card application, please check this page. Jacob.
Can my boyfriend apply for this card and transfer a balance that he has accumulated on my credit cards?
He has never had a credit card before, has a full time job etc.
Regards.
Hi Christy. Check this page for information on this topic. Jacob.
Hi There, I just called Virgin about this card and they said their is no complimentary travel insurance for this offer. Am I missing something here?
Cheers Dane
Hi Dane. Thanks for the question. When you click on the apply link, please check condition 11 of the small print. It confirms the insurance benefit. Jacob.
how do i pay my credit card from westpac banking?
Hi Tony. Thanks for your question. You can do this through BPAY. Get the Virgin BPAY biller code and use your card number as the reference number. Log on to Westpac online banking and make a BPAY payment. You can also pay your card at an Australian Post Office; however, this may attract a fee. Jacob.
Can you use the points for business class seats rather than economy, and if one BC seat is purchased do you get 1 BC seat free on the same flight?
Hi Mj. Thanks for your question. The Virgin Free Flights Offer can be used for domestic Saver, Flexi and Business Fare classes. For more information on how the Virgin Free Flights Offer works, please check this page. Jacob.