Marketplace
Receive 10,000 bonus Points when you apply by 31 March 2014 and make a retail purchase within 3 months of card approval. Receive an additional 10,000 Points when you spend $5,000 within 3 months of card approval.
Below are some of the other great Virgin Australia Velocity Flyer Card benefits:
$0 annual fee in your first year. That's a saving of $129.
Enjoy 0% p.a. for up to 6 months on purchases+ and balance transfers^. Purchase rate reverts to ongoing rate, balance transfer rate reverts to cash advance rate.
Buy a Virgin Australia domestic Saver or Saver Lite fare and get an exclusive reduced flight offer for you and a friend on the same flight* up to 4 times a year. Conditions, fees and taxes apply. Checked baggage not included for Saver Lite fares.
Standard earn rate of 1 Velocity Point per $1 spent up to $1,500 per month and then 1 Velocity Point for every $2 thereafter.
[FYI]
Approx 10,000 points requires to redeem a one way ticket from Sydney to Melbourne/Brisbane
If you do get a virgin money card you need to be extra vigilant. They like to make 'mistakes' that result in them getting more money from you.
I paid mine off and asked to cancel it because they kept increasing the interest rate after the 'honeymoon' period. They offered to refund the annual fee and give me a lower rate which I accepted.
A week or two after the annual fee was refunded they charged it again.
Also make sure you get paper statements, they will conveniently not send you an email statement and then start charging you late fees every few days without any correspondence.
Other than that it can be a good deal, just keep an eye on your statements and expect to have to call them regularly to call them up on their 'mistakes' to make sure they get fixed.