We’re giving every new Go Account customer 10,000 Bonus Virgin Money Points5 to say thanks for joining!
Simply open an account in minutes and make 10 debit card purchases or direct debits from your Go Account, with a minimum spend of $2 each, in your first 60 days (purchases must be settled, not pending). It’s that easy. T&Cs apply. Offer ends 30 April 2023.
Note - you can use the referral system on OzBargain, and the referrer will receive 5,000 bonus points.
Referees will receive 5,000 Virgin Money Points when they open their first Virgin Money Go Account before 31 July 2024 and meet the Welcome Offer Bonus Points Criteria (1 debit card purchase/direct debits/BPAY transaction in the first 30 days).
Referrer will receive 5,000 Virgin Money Points for each referee who meets the Welcome Offer Bonus Points Criteria, for up to 5 referees in a month.
Keep total under 250k and be ready to jump.
But 50 bucks is 50 Bucks!
Does it require a credit check
No
Tempting but im over 25 and have too many accounts that need 2000$ deposit per month
Most of them you can just bounce the $2k in and out every month - this one you can
That’s only for the benefits, should still be fee free, so claim $50 and dip.
Don't forget to use the referral system 👍
If I had an account and closed it with them last year would I be eligible?
Has it been over 12 months? I think that's the standard with banks to qualify as a 'new' customer.
I doubt it but please try and report back.
Or just ask live chat.
From the terms "A new customer is any person who does not currently or has not previously held a Virgin Money Go Account or Virgin Money Grow Saver".
How much does 10000 points worth?
It's literally in the title, it's worth a $50 giftcard.
Thanks, didn't see it:-)
No issues getting this the last time they ran it.
Free money
would this offer combine with referral also or maybe exclude?
It doesn't stack. Better to just go though referral to give someone $25.
Do they send you out a card?
I mean it's pretty easy to make 10 $2 transaction in a day, and then close it.
Yes. Also supports Google Wallet.
I am trying to think what I can buy in 1 day, so I get it over & done with!
Anyone know how long for points to come through because you can cancel?
Maybe 10 * $2 Amazon gift card.
@hoyanikon: https://www.amazon.com.au/Amazon-com-au-eGift-Card-Amazon-Lo…
You can put a custom $ value
A few ideas I've used before
10 x $2 Amazon gift cards direct from Amazon
10 x $5 eBay/Super Swap gift cards from Shopback
10 x $2 deposits to theLott.com
obligatory split pay in Colesworth comment
Also points come through almost instantly once all 10 transactions are confirmed (typically a few bus days)
what's preventing me from paying each item above $2 at woolies/coles seperately in single go?
@WhatsTheBigDeal: The hassles involved.
It was a better offer for 20k pts last year this time, requiring spend $100+ for one purchase only. I bought a $100 Coles Gift MasterCard for 2k bonus flybuys pts and completed the required spend as well.
@WhatsTheBigDeal: You don't have to split items, you can just split your total final amount into separate payments ($2 splits)
For most banks, sending money via Beem It counts as a transaction, since that's how it's processed under the hood (charge the card as a transaction, then "refund" the money to the other person)
you could transfer points to another VM account as well and bank points in your partner's account for a better return. A small breakdown of what the points are worth.
500 - $2.25 cash
17775 - $100 Ikea gc
17865 - $100 kmart gc
17995 - $100 coles gc
35230 - $200 myer gc
35410 - $200 his/her/home gc
35775 - $200 amzon gc
35775 - $200 jb gc
35865 - $200 woolies gc
35995 - $200 ebay gc
what's the difference between virgin money points and velocity points? i couldn't get a clear answer from google
Two separate points systems.
Virgin Money Points are NOT Velocity Points.
This is very helpful, thanks!
So the earn rate is ~0.56% if going with 17995 points for Coles GC. So the 2% cashback per tap from HSBC global everyday is still superior, unless if you use the Virgin Money card after you've maxed out the $50 per month of the hsbc.
I applied this one last year and did not receive the points.
Their online support is a joke
This deal actually indicates that frequent purchases/BPay under $2 to earn pts may be flagged. Refer to this topic.
I thought it was 10k Velocity points 😭
So we just convert this to a GC?
same thought when i signed up, lol
I’m out. “A new customer is any person who does not currently or has not previously held a Virgin Money Go Account or Virgin Money Grow Saver.”
Signed up, they automatically give you a "Boost Saver" savings account also?
Can anyone confirm $5 ShopBack GCs via Apple Pay or if >= $3 Amazon GC's count as eligible transactions?
I bought some $5 GCs straight up and through GPay, both counted.
how do you buy in shopback via Gpay?
You can't, I bought it from Card.Gift.
The Amazon gift card they sent me when I redeemed my points didn’t work 🤦♂️
Edit: turns out you need to remove the dashes. Never noticed or had this issue on dozens of cards before. Anyway, it worked.
By BOQ