|Category||Frequent Flyer & Travel Credit Cards, Balance Transfer Credit Cards and Rewards Credit Cards|
|Benefits||Reduced First Year Annual Fee, Sign-Up Bonus Points Offer and Travel Credit|
|Minimum Credit Limit||$6,000|
|Maximum Credit Limit||$50,000|
|Additional Cardholder Fee||$39 p.a.|
|Rewards Program||Velocity Frequent Flyer|
|Points Earn Rate||0.66 points per $1|
|Contactless Payments||Samsung Pay|
|Rates & Fees|
|Purchase Rate||20.74% p.a.|
|Cash Advance Fee||2.7%|
|Late Payment Fee||$30|
|Annual Fee||$129 p.a.|
|Foreign Transaction Fee||3.3%|
|Overseas ATM Withdrawal Fee||$5|
|Interest Free Period||44 days|
|Cash Advance Rate||20.99% p.a.|
Earn up to 100,000 bonus Velocity Points (25,000 points each month when you spend $1,500 or more in the first 4 months)
|Introductory Rate||0% p.a. for up to 14 months on purchases.|
Choose from one of the following sign-up offers:
|Reduced First Year Annual Fee||$65|
|Balance Transfer Rates|
|Balance Transfer Period||26 months|
|Balance Transfer Rate||0% p.a.|
|Balance Transfer Fee||0%|
|Release date||July 2010|
Good bonus points but much better Velocity earning cards out there
Bonus points offered was 20,000 points each month for first 3 months which is awesome. However the card has a capped earn rate for the top rate, then reduces for subsequent spends, which is not great. Limited insurances offered with the card as well.
Nice card to collect Velocity Points
This credit card gives you a good Velocity Point for every dollar you spend. You can just link your Velocity number and the points will be transferred to your Velocity membership each month. Very nice and easy! I signed up when there was a promotion to get bonus Velocity Points if I spent more than $1500, and also I got $129 credit to spend with Virgin Australia and I only need to pay $64 annual fee. I haven't used this card overseas or to do balance transfer so I cannot comment on that but I use it for my daily spend as a quick way to accumulate Velocity Points.
Apply when bonus is on offer
Got this card as a standby for an upcoming overseas trip. The overseas fees are somewhat high compared to other cards. As this is a back up card only I thought that the sign up bonus points made the application worth it.
Generally its handy to use it overseas however fees are high
Transfer money to card I found it hard
I enjoyed the 14 months interest free period
But very hard to accumulate points
Good for the sign-on bonus, not much else
The card is pretty basic, but the current offer for bonus points is pretty decent for the reduced annual fee in the first year. The application process was pretty quick and I received the card not long after.
The card I received is suppose to have paywave, but it doesn't work, the terminal won't even register it so I have to insert the chip every time.
It doesn't work with Apple or Google Pay, which sucks.
The Virgin Money website and app are very underwhelming.
In a nutshell, it's a throwaway card that I wouldn't bother keeping past the first year.
I haven't use my card overseas yet. Its easy to transfer my balance to this card. I am quite satisfied with the rewards. It is simple easy to accumulate points and simple to redeem them.
I went for the bonus points promotion which was my main focus. They also provided a flight voucher (domestic). The points you gain afterwards are not really comparable but a bonus.
The reviewer stated that an incentive was offered for this review
New features are growing on me
This is a great card in general, offering lounge passes, and Virgin flight credit ($149). I preferred the old system of a flight redemption.
Never had a problem using it, and the Virgin Money app helps track usage and bills.
The frequent flyer reward points per dollar are on par with more expensive (annual fee) cards, and are linked directly to your Velocity account. Likewise the lounge passes are linked directly to your Velocity account, so easy to claim at the airport lounge door.
Only downside is the flight credit needs to be ordered in advance, and is issued as a gift card. So great if you know you are travelling in the next 6 months, but not so great if you notice a sale fare come up and want to grab it quickly.
Better points than Qantas
I prefer this card than the qantas FF credit card as you earn points quicker and there are less points requred to redeem for flights on velocity compared to Qantas FF. Also Qantas charges very high airport taxes and fees on their award flights compared to Virgin.
Application and customer service fine
I have had this card for over 3 years the initial application process was normal with around a 10 day turn around time. In the entire time have had to call maybe 3 or 4 times and each time was fine issue was resolved quickly.
An OK Visa card for Velocity earn
Have had this card for about 3 years now and haven't had any major problems with this card, although the Virgin Money website is a little bit clunky it does everything I need it to do. After several attempts they gave up trying to upsell me other products (especially life insurance). Replacement cards have been ordered and are delivered in the promised timeframes. The auto point sweep to the Virgin Velocity account is monthly and is reliable. The sign-up Velocity points bonus was honoured (unlike some other credit cards whom you have to chase t...o get the sign-on bonus honoured!). Haven't had to use the call centre a lot but has. I have found them generally quick to answer and although obviously an overseas based call centre have always been polite and are able to address issues raised in the phone call. Always pay the balance every month so do not pay interest - I expect that the interest rates charged are extremely uncompetitive. For places that don't accept Amex I have found this to be a reasonable Visa card product. Recently they have rolled out the ubiquitous 'get whacked with foreign transaction fees if the merchant uses an overseas bank' with the usual disclaimer that customers have no way of detecting if a merchant uses an overseas bank until the transaction is processed, so its essentially a secret undisclosed 'surprise fee', but most of the major banks have already implemented the same changes so look at a 29 degrees card or similar if you want to use this online or where foreign merchant banks are becoming more common i.e. Google Play, Amazon, Goupon Australia and many hotel and airline booking sites
Disappointed with the 2-4-1 ticket deal review
The included deal of getting 4 flights a year with 2 tickets for the price of 1 has been changed to a much less attractive offer since the end of last year. I'm pretty disappointed because that isn't what I signed up for. Now the only part of the ticket that is half price is the base airline ticket fee, which doesn't equate to 50% off your ticket like it used to.
Brisbane to Melbourne flights for May are $165 with Virgin...
Virgin with 2-4-1 offer costs $441 (with all taxes and booking and service fees).
So that is not too bad, $220.50 p/p...
Expensive card but good rewards if you like flying Virgin
I got this card for the complimentary 4 free flights a year, which you can get when you buy a domestic seat on Virgin. I was a bit worried they would be hard to redeem, like a lot of frequent flyer seats, but actually so far have found the process pretty easy and have not had a problem booking seats when I want them.
All up, great perks if you like flying Virgin. But be warned, don't be fooled into thinking this is a cheap card just cos its from Virgin. The interest rate is around 20% and there is a $99 annual fee, so definitely make sure you pay off your bill in full each month otherwise you will be paying way too much interest and the perks won't be worth it.
4 free flights a year offer is great
High interest rates and annual fee
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