Virgin Money

Virgin Money Australia is passionate about helping Australians realise bigger possibilities through the delivery of beautifully simple and rewarding financial products, all backed by Virgin’s legendary customer service. They reject the notion of complex financial services. Instead, they aim for clarity and simplicity in everything they do.

Virgin Money credit cards

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Not available for application via this website

Virgin Australia Velocity High Flyer Credit Card

Highlights

Earn up to 80,000 bonus Velocity Points. Get 40,000 points each month by spending $3,500 or more on eligible purchases within the first two months of card approval. Terms and conditions apply.
Receive a $129 Virgin Australia Gift Voucher every year, giving you savings on flights and making travel more affordable.
Comes with International Travel Insurance and Extended Warranty Service, providing peace of mind and protection for your purchases and travels.

Pros

Earn up to 80,000 bonus Velocity Points when you meet the criteria.
Earn 1 Velocity Point per $1 spent on eligible transactions up to $8,000 and 0.5 points per $1 on spending thereafter.
Two single entry passes for Virgin Australia domestic lounges every year.
Earn 100 Bonus Status Credits each year when you book a Virgin Australia flight.
Talk to a personal concierge with Visa Signature, making it easier to get expert assistance when you travel.
Get a credit limit of up to $100,000 for larger purchases and expenses.
Works with Apple Pay, Google Play, and Samsung Pay.

Cons

The ongoing annual fee of $329 p.a.
Earn rate is tiered, although the base tier is enough for more people.
Only up to 44 interest-free days on purchases.
There's an annual fee per additional card worth $89 p.a.

Not available for application via this website

Virgin Money Low Rate Credit Card

Highlights

0% p.a. for 15 months on balance transfers with a 3% BT balance transfer fee. Reverts to the cash advance rate at 21.69% p.a.
The low ongoing purchase rate of 12.99% p.a. helps reduce interest costs on everyday spending.
Compatible with Apple Pay, Google Pay and Samsung Pay.

Pros

0% p.a. for 15 months on balance transfers.
Earn Virgin Money Bonus Points using the Virgin Money app.
Comes with the usual security features such as Fraudshield, Zero Liability policy and more.

Cons

There is a 3% BT fee.
If you want additional cardholders, it will cost $29 p.a. per cardholder.
Doesn't earn Velocity Points as typical for a low-rate card.

Not available for application via this website

Virgin Money No Annual Fee Credit Card

Highlights

A straightforward card with a $0 annual fee.
0% p.a. for 6 months on purchases (reverts to 19.99% p.a.).
Comes with the usual security features such as Fraudshield, Zero Liability policy and more.

Pros

No annual fee ever.
Up to 4 additional cards, also with a $0 annual fee.
Access to promos of merchant partners using the Virgin Money app.
Get up to a $100,000 credit limit for big purchases and expenses.

Cons

The revert interest rate for purchases is relatively high.
There’s no introductory balance transfer offer, but it’s offset by a competitive purchase rate offer.

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Q&As

Isn’t Virgin an airline?

Yes, but Richard Branson is a busy guy who likes to start companies, hence Virgin Money.

In 2008, the five-year agreement came to an end and the Virgin Credit Card was withdrawn from the Australian market, although Virgin Money continued to operate a number of financial services in Australia. In 2010, Virgin relaunched a new selection of credit cards offering a very attractive mixture of no fees, low rates and beneficial reward programs.