Imagine turning every purchase into a step towards your next dream vacation. With the Virgin Australia Velocity Flyer Card, your everyday spending can earn you rewards that make your travel goals a reality.
Virgin Australia Velocity Flyer Card is designed to offer exceptional benefits for frequent flyers and savvy shoppers alike, ensuring that you get the most out of every dollar spent. Here is why the Virgin Velocity Flyer Card might be the perfect addition to your wallet.
Why Should I Get a Virgin Australia Velocity Flyer Card?
Earn Valuable Velocity Points
One of the primary attractions of the Virgin Velocity Flyer Card is its ability to help you accumulate Velocity Points quickly. For every $1 spent on eligible transactions, you earn 0.66 Velocity Points up to a monthly spend of $1,500.
Beyond this threshold, you continue to earn points at a rate of 0.5 Velocity Points per $1 spent. This robust points-earning structure is ideal for those who frequently use their credit card for everyday purchases.
Generous Bonus Points Offer
New cardholders can significantly boost their points balance with the current promotion. By spending $1,500 within the first three months of approval, you receive 50,000 bonus Velocity Points. This generous bonus can be a substantial leap towards booking your next flight or upgrading your travel experience.
Travel Benefits and Complimentary Insurance
The card offers more than just points. Cardholders gain access to complimentary Virgin Velocity Flyer Card travel insurance, providing peace of mind during domestic and international trips. Additionally, the card provides various travel-related perks, including discounts and offers on Virgin Australia flights and services.
Balance Transfer Offer
For those looking to manage existing credit card debt, the Virgin Australia Velocity flyer card – balance transfer includes an attractive balance transfer offer. Enjoy a 0% p.a. interest rate on balance transfers for 12 months, with a 1% balance transfer fee. It allows you to pay down debt more efficiently before the rate reverts to the standard cash advance rate.
Pros and Cons of Virgin Australia Velocity Flyer Card
| Pros | Cons |
|---|---|
| Earn 0.66 Velocity Points per $1 up to $1,500 monthly, and 0.5 points thereafter | Annual fee of $129 (reduced to $64 in the first year) |
| 50,000 bonus Velocity Points on spending $1,500 in the first 3 months | – |
| Complimentary travel insurance | Balance transfer offer includes a 1% fee |
| 0% p.a. on balance transfers for 12 months | – |
| Up to 44 days interest-free on purchases | Limited to Virgin Australia and partner services for rewards |
Fees and Interest Associated with Virgin Australia Velocity Flyer Card
| Fee Type | Amount |
|---|---|
| Annual Fee | $129 (reduced to $64 in the first year) |
| Purchase Interest Rate | 20.74% p.a. |
| Cash Advance Interest Rate | 20.99% p.a. |
| Balance Transfer Fee | 1% of the transferred amount |
| Interest-Free Period | Up to 44 days |
| Late Payment Fee | $30 |
How to Apply for a Virgin Australia Velocity Card?
- Visit the Virgin Money Website: Go to the Virgin Money credit card application page.
- Start the Application: Click on “Apply Now.”
- Personal Information: Enter your details, including name, address, and contact information.
- Financial Information: Provide information about your income, employment, and financial status.
- Review and Submit: Review the application for accuracy and submit it.
- Wait for Approval: The application will be reviewed, and you will be notified of the outcome.
The Final Words
The Virgin Australia Velocity Flyer Card is an excellent choice for those looking to maximize their travel rewards and enjoy added benefits like complimentary travel insurance. With a solid points-earning rate, generous bonus points offer, and balance transfer options, it offers great value for frequent flyers and savvy spenders. Ensure you evaluate the fees and interest rates to determine if they align with your financial habits and goals.