Virgin AU Velocity High Flyer Card - 80k Velocity Points ($3,500 Spend Each Month for 2 Months), $289 Annual Fee @ Virgin Money

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Koipanda on 12/02/2024 - 23:36 virginmoney.com.au (447 clicks)
Last edited 13/02/2024 - 00:50 by 1 other user

First Velocity post. The minimum spend on this is crazy!

Earn up to 80,000 bonus Velocity Points:
Receive 40,000 points for each month you spend $3,500 or more on eligible purchases in the first 2 months from card approval.

Earn 1 Velocity Point per $1 spent on Eligible Transactions up to $8,000 each statement period, 0.5 Points per $1 spent thereafter.

Two Single Entry Virgin Australia domestic Lounge passes will appear in your Velocity account each year and are valid until your next card anniversary.

Enjoy an exclusive $129 Virgin Australia Gift Voucher17, provided as a Virgin Australia Travel Bank credit, each year. To unlock your benefit, simply make a retail purchase in the 2 months prior to requesting your voucher.

Effective 5 March 2024, the annual fee is increasing to $329 per year.

Minimum credit limit $15,000
Minimum income $75,000

Bonus 30,000 points or 200 status credit for first time Velocity card holders It should apply despite T&C stating New cards customers only and cannot be used in conjunction with any other offers.

Related Stores

Virgin Money

Velocity Frequent Flyer

Marketplace

Visa

• 

  cyruslol on 13/02/2024 - 00:05

  This or amex velocity (120k points)?

  • 

    Koipanda on 13/02/2024 - 00:07

    a wise man would say both. Or one at a time. Amex first then this.

  • 

    Vink on 13/02/2024 - 06:41

    Amex is better, eventho annual is more there spend is less and offsetting the annual fee by 1 free domestic return ticket per year. I feel amex is way better.

  • 

    maiuspala on 13/02/2024 - 12:55

    +1

    IF you get approved by Amex

  • 

    Alit on 13/02/2024 - 15:32

    the fact that some merchants don't accept amex is very annoying and pushing me away from it. Higher amex fees for stores is the excuse, apparently.

• 

  pman54 on 13/02/2024 - 07:39

  +1

  For churners I think the Westpac Altitude Platinum Credit Card with Velocity Points is better value with bonus 30,000 points. Has less spending requirements though the points earn rate is pretty poor.

  • 

    soan papdi on 13/02/2024 - 07:42

    Fees is silly too, extra $75 for velocity membership. Clearly targeting churners.

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  soan papdi on 13/02/2024 - 07:43

  +12

  Virgin Flyer is a better deal IMO. $1500 for 2 months each, Annual Fee is just $64 and 60,000 points.. Plus the 30K bonus applies too

  • 

    vetopower on 13/02/2024 - 08:36

    And $129 flight voucher technically makes this card profitable.

  • 

    ashyboy on 13/02/2024 - 09:37

    +6

    I closed this card yesterday and i asked for pro rata refund and they said yes to the refunds. Dont forgot to ask for refund guys!

    • 

      parisian on 13/02/2024 - 09:45

      Posted via cheque or were you able to get it transferred to your bank account ?
      Citi has been difficult and I always get my card refunds via bank cheque.

      • 

        ashyboy on 13/02/2024 - 16:17

        +2

        Cheque under the card holder's name. Make sure your address is correct in the system

  • 

    ham0718 on 13/02/2024 - 10:33

    Agreed - just applied for this one yesterday to get the 200 status credits.

  • 

    firestint on 15/02/2024 - 08:57

    Agreed, better off getting the lower tier one with lower credit limit and min spend required, for only a difference of 10k points per month

• 

  lisav04 on 13/02/2024 - 08:17

  -1

  OP Update your post. I've made your offer better. https://www.velocityfrequentflyer.com/partners-offers/veloci…

  Velocity (Virgin Australia) offering 30K points OR 200 Status Credits for applying for a virgin credit card.

  • 

    Koipanda on 13/02/2024 - 09:08

    +1

    It's already in the post….

• 

  Its Bill Murray on 13/02/2024 - 09:13

  Isnt the Westpac Altitude Platinum Card better value with the current Virgin 30K promo?

  100K VFF for a possible annual fee of $149, assuming you are a westpac customer (or just open a simple banking account).

  https://www.ozbargain.com.au/node/830988#comment-14951475

  • 

    mactos on 13/02/2024 - 09:31

    You don't get the 30k Velocity bonus unless you choose the velocity westpac platinum card.
    The altitude card is free for westpac customers, the velocity one is 249 + 75. Velocity has 90k points plus 30k bonus.
    Altitude card points convert at 3:1 to velocity so not even close to 100k velocity points.
    I'm not sure where you are getting your figures from.

    • 

      Its Bill Murray on 13/02/2024 - 10:39

      +1

      On Westpac website

      https://www.westpac.com.au/personal-banking/credit-cards/vel…

      70,000 bonus Velocity Points for $4k spend + add on the current 30K bonus promo points from Virgin = 100k?

      From the Virgin website too';

      "70,000 bonus Velocity Points1+ choose 30,000 bonus Points or 200 Status Credits by 31 March 2024* "

      • 

        mactos on 13/02/2024 - 13:53

        My bad was talking about black version. There is a difference between altitude and velocity cards though.

• 

  Drakesy on 13/02/2024 - 10:02

  Meh

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  soan papdi on 13/02/2024 - 10:08

  40,000 bonus Velocity Points will be awarded for every month $3,500 or more is spent on eligible purchases for the first 2 months from card approval (spend period).

  This card cannot be added to the phone immediately after approval (like ANZ for example). So you have to wait for it to arrive in the post. However, once the card is approved, the clock starts right away for the first month, even if there are postal delays and your card arrives 1-2 weeks later. Just something to keep in mind if you're lining up purchases to hit the limit. I had to call Support to get them to override the first month eligibility because my card arrived quite late during the xmas period.

• 

  markathome on 13/02/2024 - 13:31

  Can anyone find the "new cards customers" definition? I've searched high and low. One of those credit card aggregators state it's usually 12 months but I've never encountered a bank that doesn't make it pretty clear.

  • 

    Koipanda on 13/02/2024 - 15:52

    Same, can't find anything. I've read other comments in other posts and we have people applying twice within a year and getting the bonus.

  • 

    starburstyellow on 18/02/2024 - 04:18

    +2

    Virgin uses Citi. They are pretty lax. I got the bonus last year after closing and applying another within 4 months.

  • 

    booze101 on 19/02/2024 - 21:57

    +2

    I second this. Can't find anywhere in their TCs re 12 month waiting period

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  JohnHowardsEyebrows on 26/02/2024 - 18:59

  Has anyone managed to hold both the Flyer and High Flyer card simultaneously? I have a Flyer card with a substantial balance transfer at the moment, but would like to see if I can get this one too, especially with the 30k bonus.