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Virgin Money Velocity Flyer Card: 30,000 Bonus Velocity Points with $1,500 Spend Each Month for 2 Months, $64 First Year Fee

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Virgin Money Velocity Flyer Card: 30,000 Bonus Velocity Points with $1,500 Spend Each Month for 2 Months, $64 First Year Fee
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Gyr on 10/02/2024 - 09:53 virginmoney.com.au (2380 clicks)
Last edited 10/02/2024 - 10:49

This deal has been renewed, H/T @Spazmos who posted the previous deal: https://www.ozbargain.com.au/node/791824

You can also use @hotdish's tip to get an extra 5,000 points: When doing the application online, don't upload your proof of income documents immediately. They will call you, likely in the next business day, and offer an extra 5,000 points to finish the application. I used this and can confirm that this works. (https://www.ozbargain.com.au/comment/14458411/redir)

Earn up to 60,000 bonus Velocity Points. Receive 30,000 points for each month you spend $1,500 or more on eligible purchases in the first 2 months from card approval.

I asked over the phone for the meaning of "first 2 months". They mean the first two statement cycles (not calendar months), the first statement cycle starts the date the card is approved.

$64 annual fee in the first year, $129 in the second year.

$129 Virgin Australia travel credit.

Minimum Credit Limit: $6,000

Minimum Income: $35,000

Offer is available to new and approved Virgin Australia Velocity Flyer Card account holders who apply by 4 March 2024. No exclusion period for previous customers.

Referral Links

Referral: random (301)

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.

Financial Credit Card Frequent Flyer Reward Points Velocity Frequent Flyer VISA

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closed Comments

  • abs898 on 10/02/2024 - 09:56

    Wemy partner and I churned through 2 of these cards in the last 6 months. First offer was 90k and second was 60k stacked with 20k extra from Velocity.

    • Gyr on 10/02/2024 - 09:57

      Did you the flight credit from both?

      • abs898 on 10/02/2024 - 09:58
        +2

        Yes you can ask for it after 2 months of spending.

        • Brick50 on 10/02/2024 - 12:13

          Used my flight credit last weekend as it was getting close to expiry, I think they last 12 months

          But 12 months ago I got 130k velocity points (25k per month plus 30k bonus from velocity) over 4 months so wouldn’t really bother with this deal yet

        • Autonomic on 10/02/2024 - 13:31
          +1

          You don't need 2 months. I requested mine after the first statement and received it.

          • abs898 on 10/02/2024 - 14:31

            @Autonomic: $129 Virgin Australia Gift Voucher, each year 17,when you make a retail purchase in the 2 months prior to requesting the voucher. I guess you done then. We just did it right towards the closure time to maximise the 12 months validity.

          • Brick50 on 10/02/2024 - 15:58
            +1

            @Autonomic: When I applied after 1 month for $129 credit I got this

            "We received your recent request for a Virgin Australia Gift Voucher. We'd like to help you get it - however something wasn't right with your request and we haven't been able to process it."

    • MrBr0 on 10/02/2024 - 09:57

      Was there an exclusion period for the card or did you do one each?

      • abs898 on 10/02/2024 - 09:58

        Should have wrote it more clearly, one each.

        There were comments on the last post, there might not be an exclusion period. As long as you are a new account holder. Don't hold it against me!

      • caustic birch on 10/02/2024 - 10:33
        +2

        There's no exclusion period for this one

    • terrence123 on 10/02/2024 - 11:21

      How do you get the extra 20k?

      • abs898 on 10/02/2024 - 15:34

        There was an offer on velocity for first time card holders.

    • nomaz on 10/02/2024 - 16:43

      Do you still need to have the card to use the $129 credit? Or can you cancel it?

      • abs898 on 10/02/2024 - 17:26
        +1

        Once added to travel bank you can cancel

        • nomaz on 10/02/2024 - 17:32

          Thank you!

  • Xizor on 10/02/2024 - 09:57

    Nice simple card and points promptly issued. About to cycle off it.

  • stmgr on 10/02/2024 - 10:00
    +3

    I applied for this two months ago. Had a minor error on my playsip. They called and asked for extra document to verify and offered 5k bonus points. I also got 30k bonus from velocity. Total 95k bonus velocity points.

    • Ozitravel on 10/02/2024 - 11:24

      How did you get the extra 30,000 points?

      • adrianhughes1998 on 10/02/2024 - 11:44

        Velocity comes up with 30,000 extra points stacked with certain cards, like twice a year.

        • ceremonialbagel on 11/02/2024 - 10:22

          Do you remember when they ran this promo? I like this deal right now but if they do a promo at some point I might wait

  • thrillho on 10/02/2024 - 10:11
    +3

    Just an FYI they're almost certain to close the loophole of closing and then re-opening it soon after. I've had this card twice in 9 months. Won't last. Good card.

    • ninnypoop on 10/02/2024 - 11:02

      And you get the bonus points each time?

      I closed it about 1 month ago. Could I open again?

      • bruceclipse on 10/02/2024 - 11:45

        Would like to know too

        • Brick50 on 10/02/2024 - 12:13
          +2

          I got declined trying this, as did a few others

      • thrillho on 10/02/2024 - 12:45

        I closed, re-opened maybe 6-7 months later and got my first month worth of bonus points last week, so it works. YMMV.

        • caustic birch on 10/02/2024 - 13:02

          Yeah, provided your application is successful you'll get the points

        • b0b0 on 10/02/2024 - 18:15

          Can I ask did you 're-open' the old account, or did you apply for a new virgin flyer card?

          • thrillho on 10/02/2024 - 19:20

            @b0b0: New application and new card

            • b0b0 on 11/02/2024 - 16:03

              @thrillho: Thanks for that. Can I ask when was your latest application? - how long ago was that?

  • dbglt on 10/02/2024 - 11:17

    Could I apply for this and get points despite getting the last lot of points 2 months ago? Anyone done this on such a short timeframe?

  • lazybones1987 on 10/02/2024 - 11:56
    -1

    I've had a Virgin Money credit card for several years. Their service and product has gone down the drain ever since the acquisition by BoQ. My recent replacement credit card keeps getting blocked and these fools can't figure out what's wrong. They have so far sent me 3 new cards in the last 3 weeks and I'm not hopeful that it will be resolved.

    Be prepared to be given the run around if you sign up.

    • tunzafun001 on 10/02/2024 - 21:13

      So not Citibank any more?

      • JohnHowardsEyebrows on 11/02/2024 - 01:00
        +3

        Mate, it's a Russian nested doll: Virgin Money<Citi<BoQ<NAB

        • xiaozaocha on 11/02/2024 - 21:51

          BOQ's credit card operated by CITI/NAB?

  • LowHangingFruit on 10/02/2024 - 12:13

    Just applied and got declined immediately. I’m a typical credit card churner but don’t have any credit card accounts active at the moment. Haven’t applied for Virgin Velocity card products for a while. Do you think they decline people based on frequency of credit card applications? I know American Express does that. Don’t think my income would be the issue (in fact got a meaningful raise recently). What’s going on with Virgin?

    • Autonomic on 10/02/2024 - 13:35

      I got declined the first time I applied (March) and they reassessed and approved me after calling up.

    • ddhar on 10/02/2024 - 16:57

      I got declined twice now. I had this card until I closed it last August. I reckon something in their system has flagged me for auto rejection. Because I'm earning more than last year and yet they deem me a risk now?

    • wikiwiki on 10/02/2024 - 23:08
      +1

      I got auto decline by Suncorp and virgin, both times asked for reassessment and both times got approved

    • The8guy on 22/02/2024 - 09:27

      i got declined after closing the card about 6 months ago too. maybe systems auto-declined frequent churners now …

  • fLaMePrO on 10/02/2024 - 12:18

    Chasing up the flight credit was a real dick around. Did not work when I applied through the form (which was when I actually needed it).

    Followed up months later and they eventually fixed it but jeez, why is it not automatic?

    Also the app is bad and their online banking shits me (uses the same platform as Citibank shudder). Every single action you take triggers an MFA prompt. Super clunky too. Very poor design.

    • abs898 on 10/02/2024 - 17:35

      I don't think anyone stays with them long term. They are more eof a churners paraside who don't care about the portal as much.

    • ninnypoop on 11/02/2024 - 10:53

      Obtaining the flight credit was totally seemless for me. Filled in the form and a couple of weeks later had the credit.

      • fLaMePrO on 11/02/2024 - 13:23
        +2

        Good to hear, but yeah plenty of people also saying they've had trouble with it.

  • mogley on 10/02/2024 - 12:37
    +1

    This vs the Amex one? Which ones better? Don’t really churn but haven’t applied for a points thing in a while and trying to rack up Velocity points for domestic family travel

    • thrillho on 10/02/2024 - 12:49

      Planning on taking a domestic flight this year? Amex. Need cheap points? Velocity Flyer.

    • abs898 on 10/02/2024 - 17:35

      Long term? Amex
      Short term Virign

  • ozbargainerlife1 on 10/02/2024 - 12:57

    whats min the time frame you need to allow if churning Citi/NAB cards

    • poormansfriedchicken on 11/02/2024 - 01:05

      would like to know too. thinking about opening up another credit card once ive closed this one

  • Mlapa on 10/02/2024 - 13:51
    +2

    Cancelled this a week back after juicing all the points and flight credit, how soon after can one apply again?

    • SR9 on 10/02/2024 - 14:18

      Did you get any annual fee refund?

      • andyxirus on 10/02/2024 - 19:27

        Cancelled mine a week ago and asked for the annual fee waive. Confirmed today that it would be refunded.

        • SR9 on 10/02/2024 - 19:58

          How many times did you have to call them to get the fee waived?

        • serpserpserp on 10/02/2024 - 22:36
          +1

          What possible reason would the waive the fee for though?

      • Mlapa on 10/02/2024 - 21:16
        +1

        Yep, just have to ask

      • ginger-gin on 11/02/2024 - 22:11

        Honestly not sure how you guys can get the full refund but my exp was bad, they even prorated the annual fee after i canceled my card for the 1st month(just personal reason). Maybe my last name is not Smith 🫤

    • littlesoldier on 10/02/2024 - 14:36

      Same, got the 90k velocity points and just canceled the card l, great offer especially getting $128 travel credits too

    • Crowing on 10/02/2024 - 19:02
      +3

      Hey mate - I cancelled mine in Jan-24 after milking and 90k points and flight voucher. Just went through application again now and got auto rejection decision.. maybe need to wait at least 6 months before reapplying :(

      • Mlapa on 10/02/2024 - 21:16

        Cheers for that, guess I'll be waiting

      • poormansfriedchicken on 11/02/2024 - 01:04

        @Crowing did you apply for the same credit card?

        • Crowing on 11/02/2024 - 05:59

          Yeh exactly same card as the one I closed in jan24

      • King kong on 11/02/2024 - 18:05
        +1

        did you have to call up to cancel the card?

        • Crowing on 11/02/2024 - 20:15

          I think you can cancel in app or online but I called to cancel and request for refund on annual fees.

  • TheFyrd on 10/02/2024 - 15:19
    +2

    I know this is a "me" problem, but I disliked this card, it's just too easy to overspend on it. I wouldn't use it again in my rotation unless it was used in addition to a typical new card. For my particular use case, I would have been better off partnering this card with a higher spend requirement card such as Westpac 6k 120 days. Hit the $1500 spend in month 1 & month 2 respectively with my pre-defined big ticket items and any overflow spend goes on the Westpac to ensure the spend is working toward something.

    • It's just too easy to overspend the $1500 per month requirement, any additional spend is a wasted opportunity that on a straightforward 3-6k spend card would just accumulate.

    • The points don’t show until the statement is issued meaning your holding time is dragged out a bit.

    • The Virgin Money app wasn’t great and can be a bit of a manual process to work out your current spending.

    For some more context on my use case, I’m taking a big holiday to Europe this year so every fortnight I’ve been paying for hotels and travel. We’ve been churning through credit cards like crazy opening and closing them once we get the points. Between my wife and I we’ve been rotating cards and just the timing of this card left me in a bit of a lurch. I blitzed the spend, opened a nab card, and met that spend but because I paid my cards off in full and had to wait a full month to close the virgin card I didn’t want to open a 3rd card until I had closed it. So it affected the velocity (lol) of keeping the wheel turning.

    This won’t affect everyone the same but if you’re in the market for churning cards I would still recommend a second card in addition to this one to allow overflow spending to accumulate as this card is a FULL 2-month period holding time and you won't get your points until the statement is issued several days into the next billing cycle.

    • thrillho on 10/02/2024 - 17:21
      +1

      I get what you mean - I've always had a two-card system when I've had this which helps. But you can't really complain for 60k points (90k when they had the bonus) for eff all annual fee.

      • TheFyrd on 15/02/2024 - 16:03

        Yeah I know just a bit salty I got caught out in the rotation haha. Live and learn!

    • Gyr on 10/02/2024 - 19:33
      +3

      My strategy is put everything I can on Afterpay, then right before the end of the month I pay the earliest due date Afterpay payments early until I hit the spend requirement, then the rest can be rolled over into the next month of payments or rolled into the next card.

      • evgpek on 11/02/2024 - 22:12

        Doesn’t afterpay charge you credit card processing fee?

        • Gyr on 11/02/2024 - 22:52
          +2

          Not for Visa/Mastercard payments at least.

  • jimwh on 10/02/2024 - 18:42

    I applied four month ago for the 120k point offer. But I didn't remember there is $129 virgin credit available. Is the $129 credit generic to the card or a bonus offer?

    • Gyr on 10/02/2024 - 18:54

      Generic to the card, you get the flight credit every year. Haven't tried to claim it yet but if it's like Westpac's velocity credit it will be sent to your Velocity account and you will be able to close the card and still have a year to use it.

  • JohnHowardsEyebrows on 11/02/2024 - 01:03

    Got this last year to access the 30k Velocity bonus, so 90k all up.
    One less well-known feature is the free 12 month balance transfer. They'll BPay to any credit card or loan account, so you can pile cash into existing cards, then won't have to pay them off until the anniversary date of the card (at which point you should probably close the card to avoid the fee).

    • fullspend on 11/02/2024 - 10:25

      Do you have to provide the proof of balance of the other card or can you put as much as you want onto it?

    • Ryk on 11/02/2024 - 11:50

      "No interest free days apply to purchases while you have a balance transfer."
      The $3000 spend requirement to earn the 60k points would accrue interest at the "Purchase Rate 20.74% p.a."

      • JohnHowardsEyebrows on 11/02/2024 - 18:32

        Yep. So you do the first month's spend, wait until second month to do the $1500 spend. Then pay it off, and start the balance transfer fun. You'll end up with 9+ months of free cash (i.e. return of 4.5%+ for mortgage holders).

    • fullspend on 12/02/2024 - 10:08

      When signing you can choose bonus offer points or balance transfer offer… not both

      Can you add the balance transfer after signing up with the bonus points offer?

      • JohnHowardsEyebrows on 12/02/2024 - 10:38
        +1

        Yes…12 months with bonus offer. 24 months is the no points offer.

  • victimize on 11/02/2024 - 15:47

    where do you get the travel voucher?
    i've already been paid out points for the card previously and still hold it.

    nvm found it

  • firestint on 12/02/2024 - 11:48

    The terms on the website are contradictory. Is it $64 for first year annual fee, or free for the first year?

    T&C #38 down the bottom on the website

    Virgin Australia Velocity Flyer Card half annual fee offer is available to new customers that apply by 4 March 2024. The annual card fee is $64 for the first year, then $129 will be charged on the anniversary of your card account being opened with Virgin Money. Annual fees are subject to change. Effective 5 March 2024, the annual fee is increasing to $149 per year.

    T&C #39,

    Virgin Australia Velocity Flyer Card no annual fee waiver offer is available to new customers that apply by 4 March 2024. The annual card fee is $0 for the first year, then $129 will be charged on the anniversary of your card account being opened with Virgin Money. Annual fees are subject to change. Effective 5 March 2024, the annual fee is increasing to $149 per year.

    • Gyr on 12/02/2024 - 12:47

      They are two different offers for the same card. $64 if you use the points offer, $0 if you use the balance transfer offer.

      • firestint on 12/02/2024 - 13:21

        Got it, thanks for clarifying

  • ashyboy on 12/02/2024 - 12:11
    +1

    Just closed my card and they offered pro rata refund on the fees (via cheque). Dont forget to ask for refund when closing!

    • igorekh on 26/02/2024 - 13:27

      Did you call them to close the card? Or, if you closed the card online, I'd be curious to know how they offered the refund.

      • ashyboy on 26/02/2024 - 13:47
        +4

        Called and asked them to cancel.
        1. Get $128 travel credit
        2. Make sure you have $0 owing
        3. Call and ask them to cancel the card because 'you dont need it anymore' (keep it simple)
        4. On the same call ask them if they offer refund (they will say yes). Ask them to double check your address in the system
        5. The the pro rata refund cheque in your mail in 4 weeks time

  • theabyss on 12/02/2024 - 13:07

    I dont know why but I am atomatically declined. This should be a low tier card and I am confused. I do have a 20K credit card open. But I used to have 30K credit limit across 2 cards.

  • CKLL001 on 12/02/2024 - 22:33
    +1

    Hi all, there is a new promotion starting today, you could select either 30,000 more points or 200 status credits. The trouble is I applied yesterday and got approved today BEFORE I saw this promotion. Due to timing, i don't think I'm eligible for either 30k points or 200SC. Looks like a straight cancel and reapply?

  • Jimjim5 on 13/02/2024 - 10:26

    I'm new to the reward cards. This or the amex card with 120000 points? Plan on backpacking for 6 months in july. Thanks

    • JohnHowardsEyebrows on 13/02/2024 - 12:13
      -1

      Amex. The fee is offset by a return flight, plus you'll get Amex lounge access leaving Melbourne or Sydney, and two Virgin lounge passes in addition.

      • Jimjim5 on 13/02/2024 - 12:17

        Thank you

  • driveahardbargain on 13/02/2024 - 11:06

    Applied last night, didn't upload docs. No call today offering extra 5000 points, but did get a text asking for the docs :)

    • Koipanda on 13/02/2024 - 15:59

      Same, applied last night and got a text and an email. :( I'll give it till tomorrow night

      • crackman on 14/02/2024 - 15:00

        Any call today? I've left my application. got the email and text

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