Virgin Australia Velocity Flyer Card
- Sagar Chauhan
- Aug 17, 2024
- 3 min read

This card offers 0% p.a. on balance transfers for 24 months and a $0 first-year annual fee, but no interest-free days on purchases while you have a balance transfer.
The Virgin Australia Velocity Flyer is an entry-level frequent flyer credit card that currently offers a generous 24-month interest-free period on balance transfers, along with a $0 annual fee for the first year.
These features can be particularly valuable if you're looking to cut down on credit card costs. However, it's important to note that you won’t receive any interest-free days on new purchases while you have an active balance transfer. To maximize the benefits of this offer, it's best to concentrate on paying off your existing debt before making new purchases.
Pros | Cons |
---|---|
0% p.a. interest on balance transfers for the first 24 months, with no BT fee | High 20.74% p.a. interest rate for purchases |
$0 first-year annual fee ($149 p.a. after that) | No interest-free days on purchases if you have a balance transfer |
$129 Virgin Australia Gift Voucher each year | 3.3% international transaction fee |
Velocity Points per $1 spent on eligible purchases |
If you're looking to pay off existing debt, the Virgin Australia Velocity Flyer offers 0% interest on balance transfers for the first 24 months, providing a great opportunity to reduce your debt without incurring additional interest. Plus, you'll benefit from a $0 annual fee in the first year. However, it's important to note that if you still have a balance remaining after the introductory period, any unpaid amount will start accruing interest at the cash advance rate, which is currently 20.99% p.a.
Details of Virgin Australia Velocity Flyer Card
Product Name | Virgin Australia Velocity Flyer Card - Balance Transfer Offer |
Balance transfer rate p.a. | 0% for 24 months, then 20.99% |
Balance transfer limit | 80% of available limit |
Purchase rate p.a. | Purchase rate p.a. 20.74% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 20.99% |
Min credit limit | $6,000 |
Max credit limit | $30,000 |
Card type | Visa |
Eligibility
Available to temporary residents | No |
Minimum income | $35,000 |
Joint application | No |
Rewards
Rewards program | Velocity Frequent Flyer |
Bonus points | N/A |
Rewards points per $ spent | 0.66 |
Rewards points cap | Uncapped |
Fee
Annual fee | Annual fee $0 first year ($149 after) |
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $30 |
Foreign currency conversion fee | Foreign currency conversion fee 3.3% |
Cash advance fee | 2.7% or $2.70, whichever is greater |
Overseas cash advance fee | $5 |
Additional cardholder fee | $39 |
Number of additional cardholders | 4 |
How to Apply
You can apply for the Virgin Australia Velocity Flyer online in just about 10 minutes. Before you begin, ensure that you meet the eligibility criteria and have all the necessary documents and details ready for the application process.
Eligibility Criteria
Eligible Balance Transfer Debt: You can transfer a balance ranging from $500 up to 80% of your approved credit limit.
Minimum Income: To be eligible for this card, you must have an annual income of at least $35,000.
Residency: Applicants must be Australian citizens or permanent residents.
Minimum Credit Limit: You must be prepared to accept a minimum credit limit of $6,000.
Credit History: A good credit history is required to apply.
Age Requirement: You must be at least 18 years old to apply.
Required documents
Personal Details: You’ll need to provide your full name, date of birth, email address, mobile number, residential address, living situation, and either your driver's license number or passport.
Employment Information: You’ll be asked for your job title, salary, and your employer's name and contact details. Be prepared to submit documents that verify your income, such as recent payslips or your latest tax assessment notice.
Financial Details: You’ll need to provide information about your income and assets (like savings or investments), as well as any existing debts and financial obligations, including bills.
Balance Transfer Details: If you’re planning to transfer a balance to this card, you’ll need to supply the card or account numbers for any balances you wish to transfer.
This straightforward application process is designed to accommodate Australians searching for an effective credit card solution that manages existing debt efficiently while offering new purchasing power.
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