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Virgin Australia Velocity Flyer Card, 20,000 Velocity Points, $0 Annual Fee 1st Year

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Got an email from Velocity Frequent Flyer.
Basically, apply for card by 31 Dec 2015 and earn 10k points on first spend, and another 10k points when you spend $5000 in the first 3 months. First year is fee free.
You can also apply for the High Flyer card, which is 60k bonus points total ($289 annual card fee) "Earn 10,000 bonus Points each month for the first 6 months when you spend $3,000 or more each month. Up to a total of 60,000 Velocity Points."

From Email:

Earn up to 20,000 bonus Points. Earn 10,000 Points for your first retail purchase and receive an extra 10,000 Points when you spend $5,000 in your first 3 months from card approval¹.

Live annual fee free in your first year – that’s a saving of $129.

Terms and conditions

The offer provided is only available to new, approved Virgin Australia Velocity Flyer Card (“VAVFC”) customers who apply by 31 December 2015. Not available to existing Virgin Money Cardholders (includes upgrades). Fees, charges, terms, conditions and credit criteria apply. Application must be through this page. An active Velocity Membership must be linked to the VAVFC account. Offer is subject to change, not redeemable for cash, non-transferable and can’t be used in conjunction with other VAVFC offers. To earn and redeem Velocity Points you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, as amended from time to time.

  1. 10,000 bonus Velocity Points provided to customers who make an Eligible Transaction using the VAVFC within 3 months of card approval. Additional 10,000 bonus Points provided to customers who spend a minimum of $5,000 on Eligible Transactions on the VAVFC within 3 months of card approval.

  2. Velocity Points earn available on Eligible Transactions only. Eligible Transactions means retail purchases made by the use of a Card or any other means permitted by us, excluding (but not limited to) transactions by way of Cash Advances, Balance Transfers, Special Promotions, fees, purchases of foreign currency and travellers cheques, foreign exchange and ATM/Bank charges, interest charges, finance charges, government charges, payments to the Australian Taxation Office, insurance charges, charge backs, refunds, fraudulent transactions, payments to loan accounts (mortgage etc), purchases in excess of limits on the Account, transactions made in operating a business and if the Account is more than $10,000 in credit only, all other transactions.

Virgin Money (Australia) Pty Limited is not owned by or related to the Virgin Australia group of airlines. Virgin Money (Australia) Pty Limited ABN 75 103 478 897 distributes Virgin Money Credit Cards (“Credit Cards”) under an arrangement with Citigroup Pty Limited (“Citibank”) AFSL No. 238098, Australian credit licence 238098. Citibank is the credit provider and issuer of the Credit Cards.

Referral Links

Referral: random (305)

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.

Related Stores

Virgin Money
Virgin Money

closed Comments

  • +2

    There's also the option of (up to) 25,000 bonus points, which is a better deal IMO. You get 5000 bonus points each month for the first five months, as long as you've spent at least $500 that month.

    Pros:

    • Minimum spend of $2500 instead of $5000 (and you can spread it out over five months)
    • Extra 5000 bonus points
    • Full points value on your spend, as long as you keep it to under $1500 each month. If spending $5000 over three months, you're not going to get one point for every dollar spent. Due to the reduced rate after $1500 in a month, some of them are only going to get you half a point.

    Con:

    • It'll take longer before you've got all the bonus points

    http://virginmoney.com.au/products/credit-card/flyer-credit-…

    • Wow very nice deal. How did you manage to find this deal?

  • Is there any foreign exchange fee?

  • How much is 20k points worth ?

    • It depends on what you use them for. I always use them for flights, and endeavour to extract at least 1.5¢ per point. Below that, and I'll pay for the flight instead.

      But if you're only going to use the points for gift cards and similar crap, don't expect as much.

  • Also consider the AMEX Velocity Escape card which has a 15,000 bonus through referral (https://www.ozbargain.com.au/wiki/american_express_referrals…).
    - no annual card fee
    - Earn 2 Velocity Points per dollar spent with Virgin Australia and 1 Velocity Point per dollar spent on all other purchases.

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