Virgin Money are offering up to 70,000 Velocity Points when you take out a new Virgin Australia Velocity Flyer Card.
Under the offer, you will receive 20,000 bonus Points for every month you spend $1,500 or more on eligible transactions^ for the first 3 months from card approval. The final 10,000 points is paid out after your first anniversary of holding the card.
Virgin Money Velocity Flyer Points Earning
The following chart shows the current earn rates for the Velocity Flyer card. As with many cards these days, there is a tiered earning level.
|Spend each statement period||Standard earn rate on retail purchases|
|First $1,500||0.66 Points per $1 on eligible transactions|
|After $1,500||0.5 Points per $1 on eligible transactions|
The Virgin Australia Velocity Flyer Card excludes some ‘government-related transactions’ from earning points. This includes ‘transactions with government or semi-government entities or relating to services provided by or in connection with government’.
Examples of excluded transactions include those made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court-related costs.
The Virgin Australia Velocity Flyer Card includes a $129 Virgin Australia Gift Voucher* each year that you hold the card. This voucher can be used across the entire Virgin Australia network. By itself, this voucher offsets the annual fee of the card.
The key details you need to know about the voucher are:
- You are eligible for a voucher each year,
- Your account must have been open for at least 30 days since approval (or for 30 days after each approval anniversary)
- In order to access the benefit, you will need to make a retail purchase in the 2 months prior to requesting the voucher
- You can request the voucher online here.
- Once you have requested the voucher, it will be delivered by email, and is valid for 6 months from issue
- When you have the voucher, you will be able to use the credit on any booking made through the Virgin Australia website or over the phone. This includes all cabins and fares on sale at the time of booking
Card Feature Summary
|Card Name||Virgin Australia Velocity Flyer credit card|
|Annual fee||$64 for the first year, then $129 p.a. standard annual fee|
|Interest Rate||20.74% p.a. interest rate on purchases|
|Interest Free Period||Up to 44 days|
|Loyalty program||Velocity Frequent Flyer|
|Points earn rate(Cap/Tier)||Tiered as per Points Earning|
|Foreign Transaction Fee||3.3%|
|Additional Card Fee||$39|
While the earn rate on the card is 0.66 Velocity Points per dollar, the $129 Gift Voucher effectively offsets the annual fee. So, if you are looking to earn Velocity Points, you don’t need to spend big and can still enjoy the travel rewards that come with the Virgin Australia Velocity Flyer Card.
^To earn and redeem Velocity Points, you must be a Velocity Frequent Flyer member. Velocity membership and Points earn and redemption are subject to the member Terms and Conditions, as amended from time to time. Velocity Points are earned on Eligible Transactions only. Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges and government related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs). See Rewards Program for High Flyer and Flyer Cardholders Terms and Conditions for full details and definition.
#Complimentary insurance covers: AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 of 74 High Street, Toowong QLD 4066 (trading as Allianz Global Assistance) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 of 2 Market Street, Sydney NSW 2000 has issued an insurance group policy to Citigroup Pty Limited ABN 88 004 325 080 AFSL and Australian credit licence 238098 (Citi) of 2-26 Park Street, Sydney NSW 2000 which allows eligible Citi account holders and cardholders to claim under it as third party beneficiaries. Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. The terms, conditions, limits and exclusions of the group policy are set out in the Complimentary Insurance Terms and Conditions which may be amended from time to time. Extended warranty insurance does not affect the rights of cardholders against a manufacturer in relation to contravention of statutory or implied warranties under Australian legislation. Citi does not guarantee this insurance.