Virgin Australia Velocity High Flyer Card – Rates and Fees

Information verified correct on September 23rd, 2016
Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file. An enquiry will only appear on your file once you have submitted a credit card application.

What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

Fly high with 30,000 introductory bonus points, a reduced annual fee and a low rate balance transfer offer from Virgin Australia.

The promotional offer for the Virgin Australia Velocity High Flyer card gives you three good reasons to consider this rewards card. The annual fee is slashed in half for your first year, you have the chance to earn up to 30,000 bonus points by meeting certain spending conditions, plus transfer your balances and receive a discounted interest rate for up to a year. This means you not only get opportunities to save money, you get a big push towards your reward dream.

Product NameVirgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Rewards ProgramVelocity Rewards
Balance transfer rate (p.a.)0% p.a. for 6 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (20.99% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)20.74% p.a.
Offer end date30 September 2016
Annual fee$144 p.a. annual fee for the first year ($289 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)20.99% p.a.
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.
$15,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Minimum Monthly Repayment2%
Minimum Income$75,000
Card TypeVisa
Late Payment Fee$10
Foreign Currency Conversion Fee (VISA)3.3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
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.
$15,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Annual Fee$144 p.a. annual fee for the first year ($289 p.a. thereafter)
Minimum Repayment2%
Late Payment Fee$10
Over Limit Fee$40
Cash Advance Fee$2.70
Overseas Cash Advance Fee$5
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)3.3% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$44 in first year, then $89 p.a.
Number of Additional Cardholders4
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingNo
Internet Banking TransfersNo
In BranchNo
MailYes
Pros
  • Receive an exclusive $129 Virgin Australia Gift Voucher and two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
  • The balance transfer offer of 0% p.a. interest charged for 6 months is competitive for a credit card in the platinum range.
  • Pay half of the annual fee in the first year.
Cons
  • This card has a very high additional card holder fee of $44 in first year, then $89. You are eligible for up to 4 additional card holders on this account.
  • The cash advance and purchase rates of interest are the same for this card. There is no difference in interest charged when you withdraw money from the ATM and when you use your card to make a purchase.
Rewards ProgramVelocity Rewards
Bonus Points on Sign-up30,000
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) CapN/A
Rewards Points per $ (AMEX) CapN/A
Points Expiry36 months

Virgin Australia Velocity High Flyer Card review

A credit card offer from Virgin Money, this card allows you to earn Velocity Points with your purchases. This is an uncapped points rewards program where 1 point gets into your account each time you charge one dollar. You can also increase your point earning power by shopping with over 200 Velocity partners through their e-store. Once you have accumulated enough points, you can use them towards reduced flights, other travel expenses or on products found in the Velocity Rewards Store.

You get other benefits with the High Flyer Card as well, such as an array of insurance covers, a competitive interest rate on purchases and an offer to reduce your credit card debt with a low rate balance transfer. Read the details carefully, and compare them to other cards to see which gives you the most value for your spending habits.

Benefits of using a Virgin Australia Velocity High Flyer card

Unique benefits to the Virgin Australia Velocity High Flyer card make it a rewards card that is worth taking a closer look at:

  • Rewards program. The Velocity Frequent Flyer program is an award winning system that allows you to earn points when shopping with their many partners. Not only are points good towards airfare, you earn points when you fly, use their car hire partners or stay at one of their recommended hotels. Redeeming points is easy too, whether you want to put them towards your holiday airfare expenses or shop for merchandise at the Velocity Store. You’ll earn 3 Velocity Points per $1 on transactions with Virgin Australia. Other standard eligible purchases will earn 1 Velocity Point per $1 up to $10,000 per month and then 0.5 Points for every $1 spent thereafter.
  • Bonus points. Once your card has been activated, you will receive 10,000 bonus points if you make a purchase in the first three months. Spend $3,000 on the card during that time and you will get an additional 10,000 points.
  • Complimentary insurance. Insurance is provided for your travel plans, including Complimentary International Travel Insurance for you, your spouse and children and when you use the card to pay for your overseas flights. You are also covered in the event of an accident while abroad with Transit Accident Insurance. Your purchased goods are also covered if stolen, lost or broken, plus you get the advantage of a Guaranteed Pricing Scheme which will pay you the difference if you find an item you recently purchased being offered for less than what you spent.
  • Interest free days. You will get 44 interest free days on your purchases. Just ensure that you are able to pay the balance in full when your statement arrives.
  • Fly with a friend with Exclusive Flight Benefits. Make an eligible purchase on your card within two months before requesting your voucher to unlock your benefit and you’ll receive an exclusive $129 Virgin Australia Gift Voucher each year. You may use your voucher for booking your Virgin Australia flights or selected Virgin Australia holiday packages anytime within the first 6 months from voucher issue date. You’ll also be able to enjoy two complimentary Single Entry Virgin Australia domestic Lounge passes each year.
  • Balance transfer. You can consolidate your other credit card balances to this one and pay only 0% p.a. per annum (p.a.) interest for 6 months. Any unpaid balance left at the end of that year will be subject to the cash advance rate of 20.99% p.a.

Features of the Virgin Australia Velocity High Flyer card

When you are looking at the details for the Virgin Australia Velocity High Flyer card, don’t forget to check the following features against other rewards cards:

  • Annual fee. The annual fee is $289, but reduced to $144 for the first year.
  • Additional cards. You will pay $44 in first year, then $89 for each card added to the account for family members to use. This rate is also reduced to $44, but only for the first year.
  • Minimum credit limit. Depending on your income, the credit limit begins at $15,000.
  • Purchase interest rate. Purchases made are charged at 20.74% p.a.
  • Cash advance interest rate. If you use the card to obtain cash, that balance will be charged an interest rate of 20.99% p.a.
  • Cash advance fee. There is also a fee of $2.70 for each cash advance transaction. You are also limited to withdrawing only $1,000 per day.
  • Card type. This is a Visa credit card, allowing you to make purchases at millions of locations around the world.
  • Foreign currency exchange fee. Purchases made that require a currency exchange are charged 3.3% of the Australian dollar value.

How to apply for the Virgin Australia Velocity High Flyer card

If the benefits and features of the Virgin Australia Velocity High Flyer card are just what you are looking for, you can apply online. There are some eligibility requirements with this card that you should make sure you meet first.

Eligibility criteria

  • Only applicants over the age of 18 will be approved for this card.
  • Your annual income has to be at least $75,000.
  • This offer is only available for Australian residents.
  • You will need to have a good credit rating with no recent declines for credit.

Required documents

  • Your current income along with your monthly living expenses.
  • The outstanding balances and credit limits on any open credit accounts.
  • If you are not already an Velocity Frequent Flyer club member you can sign up for free at the time of application.
  • If you plan on taking advantage of the balance transfer offer, have the account numbers, institution name and amount ready.

Virgin Australia gives you a lot to think about if you are looking for a complete credit card with travel benefits. As a part of an award winning Frequent Flyer program, this card can really take you places.

Frequently asked questions

Are you able to redeem your points with any airline?

You get discounts on Virgin flights as well as their partner airlines such as Etihad, Singapore Airlines, Delta, Virgin Atlantic, Hawaiian Airlines and AirBerlin.

If I pay to have an additional card will there be a second rewards account?

All cards associated with the one account are earning points for the same rewards account.

Are applications accepted from migrants to Australia with a valid visa?

Virgin Australia will only review applications from permanent Australian residents.

Does the introductory offer have an expiry date?

There is no listed expiry date for the offer, but Virgin Australia can withdraw it at any time.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

37 Responses to Virgin Australia Velocity High Flyer Card – Rates and Fees

  1. Default Gravatar
    Alan | November 4, 2014

    We are retired (63 & 66) with moderate annual income ($75K) from pensions dividends and the like, but have over $2M in bank, property over 1.2M, etc. I am unwilling to go yo the effort of providing sourced documentation (too much hassle), but would willing to provide bank statements that account for income from above sources and term deposit statements substantiating balances.

    Iam only applying as my current program caps my velocity points and we spend over $9000/mo on our bank MC. You can direct debit my account for charges each month, but if you require too much original documentation I will have to bail out – too lazy.

    Let me know in detail the minimum you will need. Don’t be vague – be specific.

    Yours truly,
    Alan & Sheryl

    Re: “High Flyer Card” only

    • Default Gravatar
      | November 4, 2014

      Elizabeth,
      You did not answer my question as to whether I could provide bank statements in lieu of documentation from the source of the income. For example, it would take months to get the US Social Security Admin. to send confirmation of my wife’s and my pension. The same goes for my US based pension, but both can be proven via bank statements.

      Secondly, you have not addressed my cash deposits of over $2,000,000. Probably, this balance is greater than 90% of your approved applicants for this card.

      You are using bog standard responses and must think a little “outside the box.”

      Please advise. Alan

    • Staff
      Elizabeth | November 5, 2014

      Hi Alan,

      As I mentioned, we don’t handle the applications ourselves so there’s only so much I can comment on regarding the documents you’ll be able to provide to prove your income. If your bank statements show your income then they may be sufficient evidence for Virgin Australia, but you may want to confirm this directly with them before you start your application.

      As you meet the minimum annual income the cash deposits will not need to be shown in your application.

      Thanks,

      Elizabeth

    • Staff
      Elizabeth | November 4, 2014

      Hi Alan,

      Thanks for your question.

      You can apply by clicking on the ‘go to site’ button on this page, but we can’t process these applications. Judging on what you’ve said you meet the minimum income ($75,000 p.a.) but you need to be able to provide Virgin Australia with the documentation to prove this, along with your other financial information.

      The required documentation is listed on this page under ‘How to apply’, and if you have any questions regarding your individual situation you may want to get in contact with Virgin Australia directly.

      I hope this has helped.

      Thanks,

      Elizabeth

  2. Default Gravatar
    Brendan | September 2, 2014

    Hello,

    We live in Tasmania and fly interstate for business a lot.
    Is there a card option that will allow us to make business purchases (without personal spend)and earn points that can be used when travelling?

    • Staff
      Shirley | September 3, 2014

      Hi Brendan,

      Thanks for your question.

      Please see this page for a comparison of business credit cards. The ones that are linked to a rewards system allow you to earn points on your purchases. If you’d like to redeem them for travelling, you may want to opt for a business credit card that is linked to a frequent flyer program.

      All the best,
      Shirley

    • Default Gravatar
      Brendan | September 3, 2014

      Thanks for the reply. Will investigate further.

  3. Default Gravatar
    Jason | August 9, 2014

    Hi, my high velocity card is on its way and I plan to Bpay my children’s school fees. Will this purchase count toward my 40000 bonus velocity points.

    • Staff
      Shirley | August 11, 2014

      Hi Jason,

      Yes this purchase will be counted towards your bonus points.

      The following is a list of excluded transactions: “Cash Advances, Balance Transfers, Special Promotions, fees, purchases of foreign currency and travellers cheques, interest charges, government charges, insurance charges, payments to loan accounts, purchases in excess of limits on the Account, transactions made in operating a business and if the Account is more than $10,000 in credit only, all other transactions.”

      Cheers,
      Shirley

  4. Default Gravatar
    Taki | July 30, 2014

    Uncapped how do you determine if its business related

    • Staff
      Shirley | August 1, 2014

      Hi Taki,

      Thanks for your question.

      As this is a personal card, it must be used for 51% personal use. In other words, not buying office supplies for your business or paying business bills.
      If it is found that the card is being used for more than 49% business you will not earn points for any spend on the card.

      Cheers,
      Shirley

  5. Default Gravatar
    June | July 24, 2014

    Does theVelocity High Flyer credit card cover hire car excess?

    • Staff
      Shirley | July 24, 2014

      Hi June,

      Thanks for your question.

      The travel insurance includes rental vehicle excess cover. In the PDS it states that, “We will reimburse you for any insurance excess or deductible which you become legally liable to pay in respect of a claim made under the rental vehicle comprehensive insurance policy during the rental period provided:
      • the rental vehicle must be rented from a licensed rental agency; and
      • the hiring agreement must incorporate the standard comprehensive insurance normally provided by the rental agency covering loss or damage to the rental vehicle; and
      • you have complied with all requirements of the rental organisation under the hiring agreement and of the rental vehicle insurer.

      But we will not pay for…
      We will not pay for your costs arising from:
      • loss or damage resulting from the operation of the rental vehicle in violation
      of the terms of the rental agreement; or 38
      • wear and tear, gradual deterioration, damage from insects or vermin,
      inherent vice or damage”.

      Cheers,
      Shirley

  6. Default Gravatar
    Peter | April 10, 2014

    With the velocity High Flyer card can I pay my council rates on the card and earn the 1.25 points?

    • Staff
      Jacob | April 11, 2014

      Hi, Peter.

      The terms and conditions of this product online that points are earned on retail purchases, ‘excluding (but not limited to) Transactions by way of Cash Advances, Balance Transfers, Special Promotions, fees, purchases of foreign currency and travellers cheques, interest charges, government charges, insurance charges, payments to loan accounts, purchases in excess of limits on the Account, transactions made in operating a business and if the Account is more than $10,000 in credit only, all other transactions.’

      Thanks for your question.

  7. Default Gravatar
    Will | July 5, 2013

    My car repayments can be made via B-Pay payments, if I pay these on my Virgin card will these be seen as a purchase or a cash advance.

    • Staff
      Jacob | July 5, 2013

      Hi Will. Thanks for your question. It’s always a good idea to check with the merchant first; however, if the biller is set up to accept BPAY payments then the transaction will be treated as a purchase. Jacob.

  8. Default Gravatar
    Jeff | March 8, 2013

    What are the restrictions with the four free flights per annum with the Virgin Australia Velocity High Flyer Card?
    Regards
    Jeff Merrigan

  9. Default Gravatar
    Sarah | December 17, 2012

    My partner and I both have existing velocity membership. If we get 2 cards (additional cardholder) can we each earn points or does it only go to the primary card holder?

    • Staff
      Jacob | December 17, 2012

      Hi Sarah. Thanks for your question. If you have a primary cardholder and an additional cardholder both cards will earn points for the one Velocity account that is registered to the card. Cheers.

  10. Default Gravatar
    Paul | December 3, 2012

    I am considering applying for a Virgin High Flyer card and wish to know if direct debits for rental payments can be made from the credit card account to accrue FF points ? Thanks for your help with this.

    • Staff
      Jacob | December 3, 2012

      Hi Paul. If it’s a BPAY payment it’s considered a retail purchase – if you provide your card number to the agent and they debit your account at regular intervals, it’s also considered a purchase and you’ll earn points. Thanks for your question.

Credit Cards Comparison

Rates last updated September 23rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback