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Virgin Australia Velocity Flyer Card - $50 Annual Fee for Life

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Virgin Australia Velocity Flyer Card - $50 Annual Fee for Life
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Store Repfindercomau on 06/04/2018 - 16:11 finder.com.au (949 clicks)

Hi everyone!

Just sharing an exclusive deal for the Virgin Australia Velocity Flyer Card which is offering a $50 annual fee for life rather than the usual $129 p.a. It’s available for the first 500 applicants. Unfortunately this discounted annual fee offer is not available to existing Virgin Credit Card holders.

Remember to get this deal you must click through from the finder.com.au deal link as it's an exclusive offer.

Features of this card

  • Balance transfer offer of 0% p.a. interest for up to 18 months with no balance transfer fee (note: balance transfer limit is 80% of the approved credit limit) - this reverts to the cash advance rate of 20.99% p.a.
  • For the the first three months, earn 3 bonus points per $1 spent on top of the standard earn rate on everyday spend (up to a maximum of 10,000 points)
  • Get a $129 Virgin Australia Gift Voucher every year
  • Earn 0.66 Velocity Points per $1 spent on retail purchases up to $1,500 per statement period and 0.5 points per $1 spent after that
  • Purchase rate of 20.74% p.a.

Eligibility criteria

  • Must be over 18 years of age
  • Must earn at least $35,000 per year
  • Must be an Australian resident
  • Must have a good credit rating
  • Must be able to manage having a minimum credit limit of $6,000
Financial Credit Card Frequent Flyer Reward Points Velocity Frequent Flyer Virgin Money

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closed Comments

  • bob_wangkar on 06/04/2018 - 16:14
    +3

    Underwritten by Citibank if anyone is wondering. If you're chasing points - would recommend just applying on the virgin website and request the 60000K point bonus over 3 months.

    • 123cheese on 06/04/2018 - 16:18
      +5

      60K I reckon

    • [Deactivated] on 06/04/2018 - 16:22
      +5

      60000K

      Farout, I could sell that for $600,000!!!! Brb while I sign up my whole family.

      • NebulAe on 06/04/2018 - 16:55

        Get it while it's hot

    • endgame on 06/04/2018 - 16:26
      +1

      Virgin's signup bonuses are awful, you'd do better and spend less money by getting one of the transferable points cards, or doing the Amex Velocity Platinum (though I think the Explorer is a better card overall).

      That said, $50 AF for a $129 voucher each year is pretty good.

      • nubix on 06/04/2018 - 16:33
        +1

        120k for $289 is pretty good IMO

        • endgame on 06/04/2018 - 16:59
          +1

          Not when you need to spend $3k/mo to hit that. You can find cards that trigger their bonus on that level of spend or a little more over 3 months. Way too much planning for too little payout.

  • 8200 on 06/04/2018 - 16:32
    +7

    I HATE CITIBANK

  • tunzafun001 on 06/04/2018 - 16:55
    +3

    WARNING- I churn and burn around 8 cards every year. Never had a problem until this one. See this.

    https://www.ozbargain.com.au/node/365662#comment-5805892

    ** Also - Don't get it thinking you will rack up 0.66 points per dollar for bills etc. You will most likely end up with 0 points due to their excessive exclusions in their T&Cs.

    • aragornelessar on 06/04/2018 - 17:11

      Thanks for the heads up - looking for a decent Visa/MC velocity earning card and was going to just get the Virgin offerings but will look away now!

  • Pecan on 06/04/2018 - 17:17
    +1

    Document upload tool doesn't work, abandoning my application.

    • Coops1 on 06/04/2018 - 20:02

      If you have gone that far, a credit check is likely already registered.

  • DaTa on 06/04/2018 - 18:02

    Getting this purely for the credit transfer so I can close my ANZ black. Not bad card for life and get the virgin credits

  • bbh30 on 06/04/2018 - 18:57

    $129 worth of voucher/year effectively offsets the $50 annual fee
    just nice for those who spend around $1500 per month and travel with virgin australia once a year

    Rewards program. Separate from any bonus points offer, you will earn 0.66 Velocity Points per $1 spent on retail purchases up to $1,500 (990 points) per statement period. After the $1,500 spend, you'll earn 0.5 Velocity Points per $1 spent thereafter.

    May not be good for Big spenders

    • DaTa on 06/04/2018 - 19:08

      Derp thought it was 50 for life of the card lol

      • bbh30 on 07/04/2018 - 10:21

        It clearly mentions annual fee. I don't understand what u mean

        • try2bhelpful on 07/04/2018 - 16:55

          I agree, but I saw the same thing. Maybe rose coloured glasses from wishful thinking.

  • Meho2026 on 06/04/2018 - 19:24
    +3

    Don't sign up for this. They are useless, its all managed by Citibank from the Phillipines. They are impossible to deal with.
    My account had fraudulent charges I disputed in December 2017. I made dozens of calls to them and it's now in the hands of the FSO but Citibank still won't cooperate. It's total incompetence. This is not a deal it's a scam

    • tunzafun001 on 06/04/2018 - 21:03
      +1

      I'm in the same Financial Ombudsman boat. Not very 'Richard Branson' this Virgin shocker.

    • Repposh on 06/04/2018 - 22:04
      +2

      I got a call from their call centre after applying for a card and uploading supporting docs. Operator asked a bunch of dodgy questions and it all sounded like a phishing scam. Card was not issued in the end.

      Not sure if this is because of virgin or citibank but I avoid both companies now.

  • burningrage on 06/04/2018 - 20:22
    +3

    To be honest. All Virgin Card has 44 days interest free and my extremely bad experience with their home loan (took 10 months to churn home loan - World Record. Does Guinness record that?), I don't understand why on earth people want to give them business.

  • Dealma on 06/04/2018 - 22:00
    +1

    I have this card since last 2 years. One more flip side there is $29 per year for supplementary card.

  • isaw on 06/04/2018 - 22:06

    I"m a cureent holder of this card (have been for 5 years, no issues) . can I cancel and resign up for the new lower rate? or is there a mandatory waiting period?

  • cornucopia on 07/04/2018 - 07:22

    Put VISA Credit in the title otherwise easily confused with Velocity FF card.

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