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Virgin Australia Velocity High Flyer Card
$ 8000
12
$ 15000
$
%
$ 15000
$
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Virgin Australia Velocity High Flyer Card

Virgin Australia Velocity High Flyer Card

Earn up to 60,000 bonus Velocity Points by receiving 20,000 Points for each month you spend $3,000 or more on eligible purchases in the first 3 months from card approval. Take advantage of 0% p.a. on balance transfers for the first 12 months (reverts to cash advance rate)

Velocity Frequent Flyer Points Forecast

Balance Transfer Savings

0% Purchase Savings

View Offer


156,000

Total points is the estimated number of bonus points earned plus points per dollar earned during the forecast period, based on your inputs above and the promotional offer of the card. Some cards may have points capping and spend requirements, which are factored into our calculations.

It is assumed that the monthly spend is applicable for each month of the forecast period, and that it does not include any excluded or reduced earning transaction categories, e.g. cash advances, government or international purchases.

All estimates are based on our assumptions and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

Go to offer links directly to the bank’s website. Please ensure you review the full terms and conditions on the bank’s website prior to applying.

More info links to a detailed product page on our site.

estimated points earned

You could save

$2,654

Savings is an estimate of the amount saved on interest charges and annual fees, as a result of transferring an eligible balance to the 0% balance transfer card for the interest-free period.

The savings estimate is based on a daily compound interest rate formula, taking into consideration your inputs above, as well as applicable balance transfer and annual fees, along with the following assumptions:
• No additional purchases or withdrawals are made
• A minimum 3% balance repayment is made each month
• Annual fees for the current year are charged in the first month
• If applicable, the annual fee refund is processed in the month eligibility is met
• There are 30 days in each month
• Your existing card will be closed and will incur no further fees
• Other fees are excluded

All estimates are based on our assumptions and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

Go to offer links directly to the bank’s website. Please ensure you review the full terms and conditions on the bank’s website prior to applying.

in 12 months

You could save

$2,654

Savings is an estimate of the amount saved on interest charges and annual fees during the interest-free period, as a result of making a purchase on a 0% purchase card, rather than on your existing card.

The savings estimate is based on a daily compound interest rate formula, taking into consideration your inputs above, as well as the annual fee, along with the following assumptions:
• The purchase amount is incurred in the first month
• No additional purchases or withdrawals are made
• A minimum 3% balance repayment is made each month
• Annual fees for the current year are charged in the first month
• If applicable, the annual fee refund is processed in the month eligibility is met
• There are 30 days in each month
• Your existing card will be closed and will incur no further fees
• Other fees are excluded

All estimates are based on our assumptions and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

Go to offer links directly to the bank’s website. Please ensure you review the full terms and conditions on the bank’s website prior to applying.

More info links to a detailed product page on our site.

in 14 months

Velocity Frequent Flyer
Program
60,000
Bonus Points
Earn up to 60,000 bonus Velocity Points20 (20,000 Points for each month you spend $3,000 or more on Eligible Transactions in the first 3 months from card approval).
$289

p.a.
Annual Fee
1
Points per $
Earn 1 point per dollar spent for the first $8,000 each statement period then 0.5 points per dollar spent thereafter on eligible purchases
0% for
12 months
Balance Transfer
0% for
14 months
Purchase Rate
$289

p.a.
Annual Fee
0% for
12 months
Balance Transfer
0% for
14 months
Purchase Rate
$289
p.a.
Annual Fee
$578

annual fees
Total Fees
Total Fees is a calculation based on the total annual fees charged for the number of months the promotional period applies. An annual fee is charged in full for each year or part of a year. The calculation considers annual fee refunds for minimum spend thresholds, as well as variances between first and subsequent year annual fees. No other fees are included in this calculation.
What could 156,000 points be worth?
Melbourne to Los Angeles
Premium Economy
  • One way: 71,700
  • Return: 143,400
+ applicable fees & taxes
Melbourne to Singapore
Premium Economy
  • One way: 44,700
  • Return: 89,400
+ applicable fees & taxes
Melbourne to Hong Kong
Premium Economy
  • One way: 44,700
  • Return: 89,400
+ applicable fees & taxes

Flight redemption is based on a Reward Seat booking and is subject to availability and airline restrictions.

Virgin Australia Velocity High Flyer Card Review

Pros
  • Purchase Cover
  • Visa Signature benefits
  • $129 Virgin Australia gift voucher (requires retail payment 2 months prior to requesting voucher)
  • Terms, limits & exclusions may apply, see product site for details.
  • Guaranteed Pricing Scheme
  • 2 complimentary single entry lounge passes each year
  • Transit Accident Insurance
  • International Travel Insurance
  • 0% on purchases for the first 14 months
  • Great bonus points offer
  • No balance transfer fee
  • 12 month balance transfer offer
Cons
  • Only up to 44 days interest free period
  • Relatively high international transaction fee of 3%
  • Charges additional cardholder fee of $89
  • Relatively high annual fee
Mobile Cardless PaymentsYes
Samsung Pay
Card TypeVisa
Maximum Credit Limit$100,000
Minimum Credit Limit$15,000
Cash Advance Rate
Interest rate incurred for a cash advance
20.99% p.a.
Interest Free Period
The maximum period of time that no interest is charged on new purchases. May not be applicable if the account or closing balance is not paid in full by the due date.
Up to 44 days
0% Purchase Offer
Number of months that the promotional 0% purchase offer applies
14 months
Purchase Rate
The standard interest rate that applies to purchases on the card
20.74% p.a.
Balance Transfer Revert Rate
The interest rate that will be charged on any remaining debt after the balance transfer period ends. This value could be variable depending on the card product.
20.99% p.a.
Balance Transfer Fee
Fee incurred for processing a balance transfer
0
Balance Transfer Months
Number of months the promotional balance transfer offer applies
12 months
Balance Transfer Rate
The interest rate applied to the balance transfer amount for a set period of time
0% p.a. for 12 months with a 0% balance transfer fee
Interest rate payable on the remaining balance of debt that has been transferred to this card
Annual Fee
An annual fee is charged in full for each year or part of a year that the card is held. The annual fee may differ between the first and subsequent years.
$289 p.a.
Rewards ProgramVelocity Frequent Flyer
Balance Transfer Limit
Maximum percentage of your approved credit card limit that can be used for the balance transfer
80 %
Joint ApplicationNo
Bonus Points
The promotional bonus points offered. A minimum spend requirement within a set time period may apply. For example, in order to earn 90,000 bonus points, you may need to spend at least $3,000 per month on eligible transactions during the first three months. Some transactions may be excluded or earn points at a reduced rate, e.g. cash advances, government or foreign transactions. Conditions apply. Refer to the bank's website for full T&Cs.
60,000
Earn up to 60,000 bonus Velocity Points20 (20,000 Points for each month you spend $3,000 or more on Eligible Transactions in the first 3 months from card approval).
Rewards Earn Rate per $ spent
The number of rewards points earned for each eligible dollar spent on the card
1 points per $
Earn 1 point per dollar spent for the first $8,000 each statement period then 0.5 points per dollar spent thereafter on eligible purchases
Temporary Resident ApplicationNo
Minimum Age18 years of age or over
Minimum Income$75,000
Annual Fee
An annual fee is charged in full for each year or part of a year that the card is held. The annual fee may differ between the first and subsequent years.
$289 p.a.
Cash Advance Fee2.7% or $2.70, whichever is greater domestic
Minimum Monthly Repayment
The minimum repayment that must be paid by the payment due date to avoid incurring late fees. Interest will still be charged on the remaining amount owing.
2% or $30, whichever is greater
Late Payment Fee
Fee incurred if the minimum repayment is not paid by the due date
$10
International Cash Advance Fee$5 plus cash advance fee
International ATM Withdrawal Fee$5 plus cash advance fee
International Transaction Fee
Fee incurred for transactions made in foreign currency
3.3% of the transaction value
Additional Cardholder Fee
Fee incurred for adding an additional cardholder to the account
$89
Maximum Additional Cardholders
Maximum number of additional cardholders
Up to 4
Travel Insurance
Terms, conditions, limits and exclusions may apply, check product site for details
Yes
International Travel Insurance
Transit Accident Insurance
Purchase Insurance
Terms, conditions, limits and exclusions may apply, check product site for details
Yes
Purchase Cover
Guaranteed Pricing Scheme
Terms, limits & exclusions may apply, see product site for details.
Concierge ServiceYes
Additional ExtrasYes
$129 Virgin Australia gift voucher (requires retail payment 2 months prior to requesting voucher)
2 complimentary single entry lounge passes each year
Visa Signature benefits

Like the sound of this card?

Apply now securely via the bank's website or email yourself a link to apply later.
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