10,000 Velocity Points after 1 Retail Purchase / No Annual Fee (1st-Year) - Velocity Flyer Credit Card

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DingoBilly on 15/10/2014 - 23:49 virginmoney.com.au (509 clicks)
Last edited 16/10/2014 - 02:22 by 1 other user

Just saw this advertised after booking a flight and thought it's a pretty good deal for those collecting Velocity Points. Note this is for the Virgin Australia Velocity Flyer Card on the left.

Main Features:
* No annual fee (for 1st year)
* Make a retail purchase within 3 months and receive 10,000 Velocity Points
* Spend $5000 within 3 months to receive an additional 10,000 Velocity Points
* Minimum credit card limit = $6000
* Must earn a minimum of $35,000 p.a.
* 0% balance transfer for 6 months
* 1 Velocity Point per $1 spent up to $1,500 per month, then 1 velocity point per $2

Related Stores

Virgin Money

• 

  illumination on 16/10/2014 - 00:10

  +5

  This is worth about $55.56 in "cash" for anyone who was wondering.
  Coles/Woolies $100 gift card is 18000 points
  $20 is 4500 points.

  10000 points at $55.56 is calculated using the 18000 points for the $100 gift card.

  • 

    Pigey on 16/10/2014 - 02:25

    +1

    Not really, I'll buy Velocity points at 1c/point if you're going to go down that gift card route.

  • 

    Lukian on 16/10/2014 - 12:17

    20,000 points on the other hand is worth quite a bit in 'Virgin Flights'. (If you're comparing to other carriers, 10,000 points is probably worth around $55 in Tiger flights).

    NB: The only reason to continue this card after the first year (assuming you can't waive the second year's fee) is for the "Fly together and save" feature. Which is a pita to use. Requires booking via phone and one month in advance.

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  GnarlyKnuckles on 16/10/2014 - 00:58

  +2

  Thanks OP, good post! I'm glad you wisely emphasised the "no annual fee/ 10,000 points" terms/deal, rather than the other stuff on offer ("up to 20,000 points with no fee IF you spend …", or "60,000 points with a ~$300 fee", etc.). Clearly you know your audience quite well!

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  montorola on 16/10/2014 - 01:01

  Hmm so if we take up this offer and also spend 5k in the first three months, we can get a 100$ gift card with points leftover

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  strikerzebra on 16/10/2014 - 09:21

  +1

  It's a good card, not many cards have 1 for 1 velocity points

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    Lukian on 16/10/2014 - 12:21

    Note the points are capped to 1,500 per month ($1,500/month) and halved after that (1 pt / $2).