The Velocity Flyer Credit Card turns your daily spending into rewards for travel lovers. With Velocity Points, bonus points, and travel perks, it’s perfect for those who want a card that offers great rewards while also providing financial features like balance transfers, ideal for consolidating debts from other cards.
To ensure it’s a good fit for your profile, let’s dive into its advantages, fees, and conditions in this comprehensive review.
Full Benefits of the Velocity Flyer Credit Card
Here’s a breakdown of what you can expect from this highly efficient payment tool designed for travel enthusiasts:
- Bonus Points for New Customers: As a new cardholder, you can earn up to 60,000 bonus Velocity Points after spending at least $1,500 in the first two months after approval. To excite you further, that’s already enough for a one-way domestic flight.
- Frequent Flyer Points + Extra Earnings: Earn Velocity Points on everyday purchases, with extra points when shopping through Virgin Australia’s platform.
- $129 Annual Flight Voucher: Simply make a retail purchase at least two months before the gift voucher activation to receive a flight voucher worth $129 each year.
- 0% Balance Transfer Offer: If you have existing credit card or loan debts, you can consolidate them into your Virgin Australia Velocity Flyer Credit Card with 0% p.a. interest for the first 24 months (terms and conditions apply).
- Complimentary Insurances: Benefit from purchase protection and extended warranty insurance.
- Fraud Protection: Stay secure with notifications whenever unusual transactions are detected.
- Personal Concierge: This Visa Platinum service helps with travel bookings, itineraries, and personal assistance from anywhere in the world.
- Exclusive Visa Platinum Access: Skip the queues with special pre-sales for major events and popular shows across Australia.
- Digital Wallet Compatibility: Conveniently link your card to your favourite digital wallets.
How to Use Your Velocity Points
At the end of each statement cycle, your points will be calculated and automatically transferred to your frequent flyer account within 15 business days.
No need to worry about keeping track — just check your balance via the app to see how much you’ve earned.
Here’s how the conversion works: you earn 0.66 Velocity Points per $1 spent on eligible transactions up to $1,500 each statement period, or 0.5 points per $1 spent after that.
Plus, you’ll score 1 extra Velocity Point for every $1 spent directly with Virgin Australia.
So, all you need to focus on is the fun part: how you’ll spend your points! There are plenty of options, but the most popular choices tend to be:
- Domestic and international flights with Virgin Australia, Virgin Samoa, Etihad Airways, Virgin Atlantic, Virgin America, Delta, and more.
- Top-rated hotels, car rentals, and a wide variety of products, including gift cards and vouchers.
One important detail: you must be a member of the Velocity Frequent Flyer program to receive points.
If you’re not yet signed up, you can apply for membership when you request your card through a quick and free online registration.
What to Expect from the Insurances Included with the Virgin Australia Velocity Flyer Credit Card
First off, Virgin Australia provides its own fraud protection. This means you can feel more secure knowing you’ll be notified immediately if any suspicious transactions occur.
Additionally, enjoy the following complimentary insurances:
- Purchase Protection: Get 90 days of free insurance against loss, theft, or accidental damage on items purchased with your Velocity Flyer Credit Card.
- Extended Warranty: Unlock up to 12 months of extended warranty beyond the standard period for eligible products.
Key Fees to Know
- Annual Fee: $149
- Interest-Free Days for Retail Purchases: 44 days (this benefit doesn’t apply if you have a balance transfer).
- Purchase Interest Rate: 20.74% p.a.
- Cash Advance Rate: 20.99% p.a.
What to Consider Before Applying for the Virgin Australia Velocity Flyer Credit Card
The $129 annual fee might not be the lowest, but considering the flight voucher alone covers this cost, it’s hardly a problem for frequent travellers.
However, if you don’t plan on flying with Virgin Australia regularly, the card might not offer enough value to justify the cost.
Also, remember that the 0% balance transfer offer for 24 months reverts to a much higher interest rate if the balance isn’t paid off within the promotional period.
Finally, this card is best suited for those who pay their balance in full each month.
Conclusion: Is This the Right Option for You?
If you’re a frequent traveller looking for a credit card that rewards your loyalty and spending, the Virgin Australia Velocity Flyer Credit Card could be an excellent choice. With the ability to earn Velocity Points on every purchase, a generous sign-up bonus, and perks like a free flight voucher and travel insurance, this card can make your travel experiences even more rewarding.
At the end of the day, if you’re good at managing your credit and plan to fly regularly, the pros definitely outweigh the cons.
Ready to take off? Then check if you meet the requirements to become the newest owner of a Velocity Flyer card!