Virgin Money Velocity Flyer Card: 30,000 Bonus Velocity Points with $1,500 Spend Each Month for 2 Months, $74 First Year Fee

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Virgin Money Velocity Flyer Card: 30,000 Bonus Velocity Points with $1,500 Spend Each Month for 2 Months, $74 First Year Fee
Go to Deal
kokomo1978 on 02/05/2024 - 12:58 virginmoney.com.au (429 clicks)
Last edited 12/05/2024 - 20:29 by 2 other users

This deal has been renewed again with some minor price changes.
Thanks to H/T @Spazmos who posted the previous deal: https://www.ozbargain.com.au/node/791824
And thanks to Gyr who posted this info in February: https://www.ozbargain.com.au/node/830741

Earn up to 60,000 bonus Velocity Points. Receive 30,000 points for each month you spend $1,500 or more on eligible purchases in the first 2 months from card approval.

$74 annual fee in the first year, $149 in the second year.

$129 Virgin Australia travel credit. I just closed this card and had no idea I could get this but I think you have to apply for it.

Minimum Credit Limit: $6,000

Minimum Income: $35,000

Offer is available to new and approved Virgin Australia Velocity Flyer Card account holders who apply by 14 May 2024. I am unsure of the exclusion period for previous customers so if anyone knows please let me know. (There was no exclusion period the last time it was posted)

Referral Links

Referral: random (329)

Referees will receive 5,000 Virgin Money Points when they open their first Virgin Money Go Account before 31 July 2024 and meet the Welcome Offer Bonus Points Criteria (1 debit card purchase/direct debits/BPAY transaction in the first 30 days).

Referrer will receive 5,000 Virgin Money Points for each referee who meets the Welcome Offer Bonus Points Criteria, for up to 5 referees in a month.

Financial Credit Card Frequent Flyer Reward Points Velocity Frequent Flyer

Related Stores

Virgin Money
Virgin Money

Comments

  • AnyFurtherDiscount on 02/05/2024 - 13:02

    One of my favourite card. Closed them this March

  • RobBoss on 02/05/2024 - 13:02
    +2

    Signed up for this; good way to churn but Virgin Money user experience is rubbish in terms of the App, how slow repayment and transaction show up.

    • johnjones8 on 02/05/2024 - 15:42

      Is it just a clone of the citibank app like their online banking is?

      • RobBoss on 02/05/2024 - 21:13

        It probably is, I can only imagine how bad that might be

  • yht on 02/05/2024 - 13:03
    -1

    How much is the bonus points worth to convert to gc ?

  • abs898 on 02/05/2024 - 13:04
    +1

    I read in the previous listing that there are no set criteria for a 'new' member. I had this card a few months ago just to churn. Reckon I am eligible for it again?

    • Blokeinhisundies on 02/05/2024 - 13:09

      I recall someone got it again within a couple of months without issue but others have also said you should wait three months bewteen NAB backed cards so who knows for sure. Have a go and let us know because I am interested in getting this card again (cancelled in March) once I cancel my Westpac card later this month. I still have a NAB card open as well and doubt I'd get three concurrent cards at my income level. Not much left to churn Velocity points wise for me at the moment.

    • kokomo1978 on 02/05/2024 - 13:09

      I'd go for it if I was you… as long as your credit rating isn't affected.

      • abs898 on 02/05/2024 - 13:10

        There will definitely be a credit check, if I am not getting a bonus, I would go for the Citi card instead.

        • kokomo1978 on 02/05/2024 - 14:41

          Yeh I have the citi card now…. once I have all my points will look for this deal again and go back to this card I think.

    • Drakesy on 02/05/2024 - 13:11

      "New cards customers only and cannot be used in conjunction with any other offers."

      i wonder what new cards customers mean.

  • soan papdi on 02/05/2024 - 13:36

    Just in time for council rates! (won't count for velocity earn but might count for hitting the spending limit)

    • Ehty on 02/05/2024 - 13:39

      It doesnt count.

      • soan papdi on 02/05/2024 - 13:43

        It's definitely a maybe. As per https://virginmoney.com.au/credit-card/compare-our-credit-ca…

        Council rates won't earn Velocity points

        Velocity Points are earned on Eligible Transactions only. Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, fees and charges such as interest and ATM charges and government related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs).

        However it looks to count for eligible spend to hit the $1500 per month limit, thereby triggering 30,000 points

        Up to 60,000 bonus Velocity Points offer is available to new and approved Virgin Australia Velocity Flyer Card account holders who apply by 14 May 2024. 30,000 bonus Velocity Points will be awarded for every month $1,500 or more is spent on eligible purchases for the first 2 months from card approval (spend period). Purchases must be processed and charged to your account in the relevant month to count toward your monthly spend. An eligible purchase means any purchase excluding Cash Advances, Balance Transfers, Special Promotions, refunds and chargebacks, purchases of foreign currency and travellers cheques, transactions made in operating a business, and fees and charges such as interest and ATM charges.

        • Ehty on 02/05/2024 - 13:50

          okay

          • soan papdi on 02/05/2024 - 13:52

            @Ehty: Fair comment, if it's from experience. Did you try calling them?

            • Ehty on 02/05/2024 - 13:52

              @soan papdi: yup , they gave me 5000 Virgin points instead of Velocity.

              • soan papdi on 02/05/2024 - 13:56

                @Ehty: That's too bad. I'm literally waiting on my $129 voucher right now. Might cancel the card and apply again next week. Will update the thread.

                • Ernestpogi on 10/05/2024 - 19:33

                  @soan papdi: Have you confirmed with them if government spend counts as eligible spend to get the bonus velocity points?

                  • soan papdi on 10/05/2024 - 20:20

                    @Ernestpogi: Still waiting for my card, I'll confirm before paying my rates this month.

                  • soan papdi on 14/05/2024 - 16:46

                    @Ernestpogi: @ehty and @Ernestpogi, I have it in writing (from their secure message system) that govt transactions count toward bonus points but not for directly earning velocity points. Very happy!

                    • Ernestpogi on 15/05/2024 - 11:03

                      @soan papdi: Sweet! Do you mind posting a screenshot of it somewhere so we could grab a copy? Thank you..

    • abs898 on 02/05/2024 - 15:01

      Just buy MasterCard/visa prepaid card and pay rates using it. It will meet the spend and doesn't count as government

      • johnjones8 on 02/05/2024 - 15:45

        Fee free sales for those cards aren't on all the time though and the denominations are a bit low.

        • abs898 on 02/05/2024 - 15:48

          Most councils let you pay in parts via Auspost App, it's easy to get fee-free or even 10% off every couple of months.

  • impoze on 02/05/2024 - 13:57
    +2

    hm, just closed mine last week from the previous round.

    This is where you apply for the $129 travel credit once you have your card - https://virginmoney.com.au/products/credit-card/gift-voucher

    • johnjones8 on 02/05/2024 - 15:46

      Also seem to remember the t&c saying you can't use the credit to pay the cash portion of reward seat point bookings?

  • LeDangles on 02/05/2024 - 14:09

    Small FYI on this one - After the initial bonus points, the maximum monthly velocity points is capped at 1,000. Card is much better for churning than for long-term use, which is fine, just don't expect to use it forever.

    • ddhar on 02/05/2024 - 14:25
      +2

      After the initial bonus points, the maximum monthly velocity points is capped at 1,000.

      Not true. The card earns 0.66 VFF per $ up to $1500 spend, i.e. 1000 VFF earned. From there on, it earns at a reduced rate of 0.5 VFF per $.

      • LeDangles on 02/05/2024 - 14:30

        True. Turns out I can't read

  • RedSky on 02/05/2024 - 14:27

    Update title to 60,000 Bonus Velocity Points?

  • jeppetto367 on 02/05/2024 - 15:36

    Signed up for this in March, also got the added bonus of 200 Status Credits due to a Velocity offer (could have chosen between that and 30,000 extra points).

  • Thranrond on 02/05/2024 - 17:40

    I signed up for this card in the previous deal and couldnt activate my card for various reasons. Today is the last day of my current statement month - if i was willing to buy gift cards from supermarkets, is it possible to meet the spend criteria by 11:59pm?

    • nicolascage on 02/05/2024 - 17:47

      I imagine as long as the transaction isn’t pending

  • a1234my on 02/05/2024 - 18:03

    Does $35000 enough for $6000 credit ?

    • johnjones8 on 03/05/2024 - 21:44

      If this will be your only card probably.

  • Fancydancer on 02/05/2024 - 18:43

    Might help some to know that conversion rate between Velocity points and Kris Flyer miles is very good. I was able to get from Sydney to Kuala Lumpur return using about half my points earned from the last deal ($180 taxes).

    • johnjones8 on 03/05/2024 - 21:44

      1.55? It's a pity that some saver flights on Krisflyer aren't available for their alliance partners.

    • Blokeinhisundies on 06/05/2024 - 14:22

      Wow, just had a look for random dates in February and Virgin is 58,000 velocity points plus ~$380 in taxes whereas directly through SIA it is 61,000 Krisflyer points plus $200 in taxes. 61K Krisflyer points is equal to 94,550 Velocity points so there's quite a big difference depending on which points you want to use.

  • Ernestpogi on 05/05/2024 - 10:17

    Are they still offering the 5,000 extra points when you withold uploading your income documents?

    • Azro on 20/05/2024 - 17:19

      I tried and they just rejected me next day instead of asking for documents :D

  • firestint on 06/05/2024 - 16:34

    So same as last deal but $10 more on first year annual fee, increased from $64 to $74.

  • Goldenra1n on 16/05/2024 - 10:46

    I tried applying and got denied instantly. Found out applications are broken and no eta when resolved

    • lauts on 20/05/2024 - 00:36

      I got denied instantly as well :(

  • ddhar on 16/05/2024 - 13:33

    I have this card and have claimed the flight credit (sitting in a travel bank currently). Can someone tell me if I can safely close the card and not lose the travel credit?

    • Ehty on 16/05/2024 - 15:09
      +1

      Mine is in travel bank 4 months after closing card.

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