From the website:
"Earn up to 70,000 Velocity Points. Receive 20,000 Points for each month you spend $1,500 or more on Eligible Transactions in the first 3 months from card approval (capped at 60,000 Points) and 10,000 Points after your first anniversary."
Earn 0.66 Velocity points per $ spent for the first $1500 per statement period, 0.5 points thereafter.
There is also 100k points on offer for $289 fee: https://virginmoney.com.au/credit-card/compare-our-credit-ca….
Referees will receive 5,000 Virgin Money Points when they open their first Virgin Money Go Account 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.
Underwritten by the muppets at citi bank
Does it mean that my approval request is going to the sent to the same office that declined this https://www.ozbargain.com.au/node/483082?
If this is case i am not going to apply.
Looks like. My citi visa rewards signature got rejected and Coles rewards MasterCard as well after a month!
Thanks for the info, I didn't know that the Coles Mastercard is also issued by Citybank.
This is there standard offer. BUT read the spend exclusions. Council rates, rego,water bills all ineligible. I paid my water via Paypal and they said the spend doesn't count. Thankfully FSO didn't agree and I got the points. PITA to follow up though.
FSO?
Financial Services Ombudsman.
It's 20k points for the first 3 months of spending $1500, and another 10k on first year anniversary where you'll have to pay the full annual fee of $129. So if you plan on cancelling before the second year, you can only get 60k through this offer.
Edit: Deal title changed now to reflect, cheers