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Virgin Money Velocity High Flyer Card: 40,000 Velocity Points with $3,500 Spend Each Month for 2 Months, $329 Annual Fee

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Virgin Money Velocity High Flyer Card: 40,000 Velocity Points with $3,500 Spend Each Month for 2 Months, $329 Annual Fee
Go to Deal
vazeele on 29/10/2024 - 10:46 virginmoney.com.au (256 clicks)
Last edited 29/10/2024 - 10:55 by 1 other user

Annual Fee $329
Balance Transfer Rate18 0% p.a. for 12 months. Reverts to cash advance rate.
You will be charged interest on retail purchases while you have a balance transfer.
Interest Free Days8 Up to 44 days on retail purchases
You will be charged interest on retail purchases while you have a balance transfer.
Purchase Rate 20.74% p.a.
Cash Advance Rate 20.99% p.a.
Points Earn10
Earn 1 Velocity Point per $1 spent on Eligible Transactions up to $8,000 each statement period, 0.5 Points per $1 spent thereafter.

Earn 2 extra Velocity Points per $1 spent directly with Virgin Australia.41

Bonus Points
Earn up to 80,000 bonus Velocity Points and an additional 100 Bonus Status Credits.20

(40,000 bonus Velocity Points will be awarded for each month $3,500 or more is spent on eligible purchases for the first 2 months from card approval. New and approved customers only. Offer ends 25/11/24.)

Flight Benefit
Up to 100 Bonus Status Credits5 each year when you purchase and fly on an eligible Virgin Australia flight.
$129 Virgin Australia Gift Voucher, each year17, when you make a retail purchase in the 2 months prior to requesting the voucher.

2 complimentary Single Entry Lounge passes each year.33

Visa Privileges15 Visa Signature
Credit Limit Range $15,000 - $100,000
Minimum Income $75,000

Referral Links

Referral: random (302)

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

Related Stores

Virgin Money
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Marketplace

Comments

  • billdsl on 29/10/2024 - 11:03
    +13

    Doesnt seem like a good card for points to me, what am I missing?

    • 80k points bonus is okay
    • yearly fee is huge

    Maybe the status credits are worth a bit?

    • Papa Huggies on 29/10/2024 - 11:05
      +11

      Yeah this is odd… for that yearly fee I'd be looking at six-figure points bonus, travel insurance and a lounge pass.

      • ryefig on 29/10/2024 - 11:39
        +2

        Absolutely. 80k points for a card with this sort of annual fee is pretty poor value…

        I do acknowledge the 100 status credits, which is an offering very unique to this card, but that amount isn't even halfway to silver status… hardly something to get excited about.

    • digitalane on 29/10/2024 - 11:22
      +1

      I think a combo of 100 status credits and the $129 voucher justify it in year 1 - at lest for me personally

  • xiaozaocha on 29/10/2024 - 11:13

    are they still operated by citi?

    • caustic birch on 29/10/2024 - 11:22
      -1

      yeah

    • digitalane on 29/10/2024 - 11:23
      +1

      NAB I think

      • xiaozaocha on 29/10/2024 - 11:27

        i am wondering would NAB combine the CITI credit card team to NAB credit card team or not.

        I have no issues with NAB credit card application and got rejected by CITI for at least 3 times.

        • Tafe on 29/10/2024 - 12:02

          Don't know but I have a Citi, and was subsequently approved for a NAB (and hold both concurrently).

  • bohn on 29/10/2024 - 11:14
    +5

    Virgin recently reduced the interest free period from 55 to 44 too.
    Not that it's a big deal, just noting.

  • digitalane on 29/10/2024 - 11:22

    Oddly I opened this card last week. When the paperwork came through a few days later it says annual fee was $289 - will be interested to see what they end up charging me.

    • bohn on 29/10/2024 - 11:28

      yeah I was going to check that , afaik it has always been $289

      seems to be an increase.

      • digitalane on 29/10/2024 - 12:36

        Website said 329 when I applied - and the TMD says 329 as of 3 October but the email clearly shows 289 in the table so I’ll push for that if they charge me the 329

  • SirFrankGrimes on 29/10/2024 - 11:39
    +13

    I’d opt for the Flyer card. $74 annual fee, $1500 spend each month, 60,000 points, $129 voucher

    I applied for the Virgin Flyer card and got declined. Have never been declined before. High income earner, permanent employment, strong credit score

    My wife also applied and got approved. Lower income, part time, contract, no idea on credit score, recently opened a Citi card too

    I’ve put in an appeal but it’s so frustrating that they seem to reject people for no apparent reason

    How likely am I to ‘win’ the reassessment?

    • circle9nine on 29/10/2024 - 14:19

      Unlikely.
      Do you churn a lot?

    • mrmaltalian on 29/10/2024 - 20:39

      No chance - Banks don't reverse decisions on credit apps.

      • SirFrankGrimes on 30/10/2024 - 07:39

        I’ve had this card before with no issue

        When can I reapply for this card with some likelihood of being approved?

        I really hate how subjective banks seem to be in approving cards

  • Miso on 29/10/2024 - 11:41

    The povo Virgin card is much better, has lower spend, only 20k less points, and you make the fee back in a voucher

    • Jamolo on 18/11/2024 - 16:28

      I'm struggling to understand the voucher part of that card. Is the voucher just for virgin travel?

  • MELso on 29/10/2024 - 11:51
    +1

    If you can live without the status credits, the regular Flyer card is better value IMO.

    30K+30K points for 2x$1500 spends, a $74 annual fee and $129 in travel bank credit seems much easier to achieve.

  • littlesoldier on 29/10/2024 - 11:52

    Apparently Velocity Flyer Card has better value given only $74 annual fee with 60k velocity points
    Also worth to wait till the next round of 30k bonus points by velocity credit cards

  • billdsl on 29/10/2024 - 11:55

    We're with Citi and about to start looking at churn options

    Citi's card setup is pretty average, under 1 point per dollar spent, need to pay for a 2nd card holder for more than one person to easily access the app for transaction history etc

  • starburstyellow on 29/10/2024 - 12:59
    +2

    Wow this used to be a 120k card. How the mighty have fallen.

    • evgpek on 29/10/2024 - 14:10
      +1

      Also with the new “classic plus point rewards,” Virgin is about to introduce that 80k is worth more like 40k. There has been a horrible inflation in airline miles. Less seats, more expensive

      https://www.velocityfrequentflyer.com/velocity-program-chang…

      The dynamic pricing means that flights between eastern capital cities will cost up to 18900(!) plus taxes one way

  • anoykw on 29/10/2024 - 13:38

    You might as well apply for the Citi Premier card at this annual fee price point

  • Frukoz on 29/10/2024 - 14:18
    +2

    Annual fees getting higher.
    Points getting lower.
    VFF points being devalued:

    https://flighthacks.com.au/velocity-program-changes-2024/

    Not worth your time IMO. Demand more from your credit cards offers. Don't let the banks screw us further.

    • hawkeye93 on 29/10/2024 - 14:46

      Transferring to KF miles then.

  • Archaleas on 29/10/2024 - 14:19

    Anyone found any good qantas card deals?

    • happyadventurer on 29/10/2024 - 14:29

      Westpac Altitude Qantas Platinum - 60k points for $49 + $75 annual fee. Just need to be an existing customer first to get reduced annual fee. Easy to do, just apply for a free debit card.

      • Archaleas on 29/10/2024 - 14:33

        Thanks! but bugger as I have had westpac in the last 12 months

        • starburstyellow on 29/10/2024 - 17:01

          Not bad at least. NAB is an 18 month wait, like amex :(

          • Archaleas on 29/10/2024 - 17:20

            @starburstyellow: bugger again, was just looking at a nab one, im around 13 months so thought I was in the clear

  • Brick50 on 29/10/2024 - 19:28

    This seems like a terrible deal

  • AbDeal on 29/10/2024 - 21:36

    Fees is way to high, if not for points why would pay for BT and Annual fees - not a deal

    • digitalane on 30/10/2024 - 16:09

      For many frequent flyers - $200 for 200 Status Credits is a steal!

  • TwentyTwoCarats on 01/11/2024 - 11:18

    This is a horrendous de-valuation of an already not impressive card. Plus add to that the devaluation of the overall VFF program - they are now 25% Qatari so say goodbye to European Business class reward seats via SQ and Etihad. SQ will be limited to Asia only.

    Also it is harder to earn points and status credits too.

    Customers - speak with your wallet :) And don’t sign up to this garbage

  • digitalane on 25/11/2024 - 13:47

    Be very careful with this card - my first statement arrived only 3 weeks after receiving the cards and as such I hadn’t managed to spend the $3,500 - currently loading a complaint as i don’t think thats fair or reasonable given i had no idea when the statement would be generated

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