Multiple Promotional Offers to choose from (see Details below)
$129 Virgin Australia Gift Voucher each year
Earn Velocity Points at a rate of 0.66 points per $1 spent up to $1,500 per statement period
3.3% International Transaction Fee
Earn Rate drops to 0.5 points per $1 spent after the first $1,500 per statement period
|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|
I have got this card since 2018. Works fine and the texture of the card is really nice. Mastercard is always a secure choice. I think that everybody should have this kind of card
The reviewer stated that an incentive was offered for this review
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.
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.
Handy card but can be slow to accumulate points
I have been using this card now for close to 5 months, its a convenient way to earn points on everyday purchases. Although the it can be slow to accumulate the points (e.g. 0.66 points per $1 spent for 1st $1000, decreasing to 0.5 points thereafter). They do offer a nice incentive of a yearly $129 flight voucher which is a bonus
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.
Have used as my main credit card for 8 years
The good: Velocity points rewarded, $129 Virgin Australia gift voucher each year (used to be 2 free domestic flight each year)
The not so good: Only 0.66 points per dollar spent on most goods and services. No complementary travel insurance and lounge access. $129 annual fee
I have had this card for more than 7 years but upgraded to the more rewarding High Flyer card. Was good while I had it.
One of the Highest VISA earn rates
I have been a customer of Virgin Money now for around 8 years. I find them easy to deal with whenever I need to call through to the call centres and the earn rate is much higher than any of the banks. They just launched a new app for Android and iPhone and it still has a way to go but at least you can access on the go now. $129 flight voucher included yearly too so it's a good value card! Works for me!
The reviewer stated that an incentive was offered for this review
Works for me, but as with any credit card: pay it off at the end of the month!
it's a credit card, it works, interest rates are a shocker, points for your velocity account are great.
It's really only worth it if you a) spend a bit on it to justify the annual fee and b) if you pay it off at the end of the month, as otherwise you're hammered with high interest charges. Same old.
One thing to note: if you use the card for business and want to link it to Xero or the like, it's a nightmare. Which is why I only give it 4 stars. the bank feeds don't work half the time, which I have never had before. And the internet banking app is very basic. Plus it took them into 2019 to come up with an iphone app... go figure.
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.
Great experience, thanks
Have had my Virgin American Express credit card which is linked to Velocity Rewards Flyer card only a couple of years & do not spend extra money with it trying to gather points (in fact it is difficult for me to do this due to living in a country town where few businesses accept this credit card which costs 0 $ annual fee & if I pay on time 0 $ interest charges).
Decided to claim a return flight from Melb-Newcastle with this card/points program recently & was very pleasantly surprised that the points (approx 30,000 I think) covered whole j...ourney & was not that difficult to navigate website-unlike an opposition rewads program I'm trying to use today! So a big THANKYOU to Virgin Velocity & American Express for making dreams come true. I will continue to use this program & credit card in good faith & would definitely recommend both.
5 years with this card, no problem
No dramas with this card at all. I've been using this card for 5 years now, never a problem. Now that you can change your pin, even better.
I tend to fly virgin when I do, as I find them reliable and they provide good customer service, so it was an easy choice to go with their frequent flyer scheme and their credit card gives more points rather than go through a bank (1 point per dollar, vs half point per dollar with one of the big banks)
I've already used some points, enjoyed the service.
Good frequent flyer scheme. At least you know it won't go broke (Qantas remind anyone)
No actual app. Big downside, consider all our big banks have an easy to use app
I applied for this card to be able to get Velocity points & also for the 2 for one flight deals available 4 times each membership year. have had my card 2 years now & have never had a problem with them & on the few occasions when I have called the service centre have found them to be helpful & polite as well as understanding. No hitches or complaints during the application process. I like the added online security. Interest free period is a little shorter than other institutions with payments falling due only about 15 days after statement date. Would also be an advantage to be able to choose my own PIN but not possible with this card.
Can't Choose Own PIN.
Overall, a good credit card with good rewards
I signed up for this credit card for the flights promotion - up to 4 complimentary flights when you purchase a virgin flight - which seemed perfect as I often go interstate.
I found the online application fine. I did find I had to provide quite a lot of supporting documentation in comparison to other banks, but happy to do so. I did take a couple of days to get the supportings docs to them and they called me every day reminding me! That became annoying. They were also quite forceful on the credit card insurance that I didn't want, and as...ked me why I didn't want it - none of their business! Setting myself up for internet banking took quite a long time - I had to ring Virgin once to activate my internet banking login, then the process of getting started on online banking took awhile, and then couldn't see my transactions until the next day. I can understand the reason it's complex, but it was still time consuming, and I would imagine would be very frustrating for people who may not be great with computers. I booked some flights for myself and my partner using the flights promotion, pretty easy and simple, takes a bit of time just organising it over the phone. The tickets were more expensive that if I had done it myself over the internet, so I don't save 50% getting a "free" flight, it works out to be around a 35% saving. Still a good deal for me (was return flights from Syd to Perth), but if you are thinking of only getting short flights that are usually cheap(ish), you may not actually save enough to cover the annual card fee. Service has always been really good. Some operaters are hard to understand sometimes, but they seem happy enough to repeat what they've said.
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