Virgin Australia Velocity Flyer Credit Card (Velocity Points Offer)

Earn up to 50,000 Bonus Velocity Points

Even if you’re already a Velocity Frequent Flyer, 50,000 bonus points is a handy boost towards your next flight or upgrade. And if you’re just starting, this is a quick way to get a solid points balance without jumping through too many hoops.

But it won’t work for everyone. To unlock the full 50,000 points, you’ll need to spend $1,500 each month for the first two months. That’s $3,000 in total, and the spending must be on eligible purchases — so no cash advances, balance transfers, or interest charges.

Split across two months, $1,500 per month may sound reasonable, especially if you’re using the card for your usual bills, groceries, fuel, or travel bookings. But if hitting that target means pushing your budget or carrying debt from month to month, the points might not be worth it.

Those 50,000 Velocity Points are enough for several short-haul flights — for example, a one-way Economy reward seat between Sydney and Melbourne starts at 6,900 points, while Sydney to Brisbane is the same. You could even put the points towards a longer domestic or international trip.

Just make sure the spending fits within your regular budget. If it doesn't, you might be better off grabbing a sale fare and skipping the stress.

0% balance transfer offer for 12 months

If you’re carrying unpaid balances on other credit cards, this offer can give you some breathing room. Transfer up to 80% of your approved credit limit and pay 0% p.a. on that balance for 12 months. While it’s not the longest offer on the market, it’s still enough time to make meaningful progress on your debt. Just note the 2% balance transfer fee — that’s $80 on a $4,000 transfer, which slightly reduces your savings.

You could still come out ahead:

• Save money by avoiding up to $820 in interest you’d otherwise pay on a 20.49% p.a. credit card.
• Free up funds by placing the same $4,000 in a 5% p.a. mortgage offset account and reducing your home loan interest by around $200 in a year.
• Make money if you don’t have a mortgage. Put the $4,000 into a 3.5% p.a. high-interest savings account with monthly compounding and you could earn around $142 in interest over 12 months.

But be careful — while the balance transfer is unpaid, you won’t get any interest-free days on purchases. That means any new purchases start accruing interest immediately. You’ll also miss out on earning Velocity Points for purchases and forfeit any first purchase bonus points.

And don’t forget: after 12 months, any remaining balance will roll over to the cash advance rate of 20.99% p.a., which can be very expensive. Stay on top of repayments to avoid this trap.

Enjoy an exclusive $129 Virgin Australia gift voucher

Get a $129 Virgin Australia flight voucher each year. All you need to do is make a retail purchase in the two months before you request it. The voucher works on any Virgin Australia flight — even sale fares — and some holiday packages too. For example, if you spot a sale fare from Melbourne to Brisbane for $152, you’d only have to cover the $23 difference out of your pocket.

Some limited insurance cover

This is Virgin Australia’s entry-level Velocity Points card, so it doesn’t include international travel insurance or the full suite of perks that come with the High Flyer version. But you still get two handy types of purchase protection:

• Purchase Protection Insurance – If something you buy with the card is lost, stolen, or damaged within 90 days, you’re covered, provided the full purchase was charged to your credit card.
• Extended Warranty Insurance – This extends the manufacturer’s warranty by up to one extra year. Coverage is capped at $10,000 per item and $40,000 total per year and applies only when you pay with the card.

Visa benefits

Some of the advantages accompanying this card come courtesy of Visa rather than Virgin.

• Visa concierge service. A virtual personal assistant online or by phone, anywhere in the world, for restaurant, theatre, travel and entertainment bookings and recommendations.
• Visa offers + perks. Get access to exclusive offers, giveaways, and benefits.
• Visa payWave. Fast and easy contactless payments under $100.
• Verified by Visa. A one-time password delivered by SMS for online shopping adds an extra level of security.
• Visa Checkout. Optional enrolment to simplify and speed up online shopping by storing your card and shipping details
• Visa Zero Liability policy. You won’t be held responsible for fraudulent or unauthorised use of your card, but do advise your card issuer at once if it’s lost or stolen. (This comes in addition to the Fraudshield service provided by Virgin Money, the card issuer, which advises you of any irregular or suspicious transactions on your account.)

And the cost is...

$149 p.a.—with no first-year discount. While it’s slightly higher than the value of the annual $129 flight voucher, it’s easy to offset most of the cost if you use the voucher for a trip you were planning anyway. Just keep in mind that this is a fixed yearly fee, so it’s worth weighing up how often you’ll fly with Virgin Australia or take advantage of the other card features.

You can have up to four supplementary cards on your account, but unfortunately, you’ll have to pay $39 for each one. This brings the continuing cost to $168 for a couple wanting two cards on the same account.

What makes the Virgin Australia Velocity Flyer Credit Card (Velocity Points Offer) a good fit?

If you’re a Velocity Frequent Flyer and often find yourself flying with Virgin Australia, this card ticks a lot of boxes. You can earn up to 50,000 bonus Velocity Points in the first two months, which is a strong start for a mid-tier rewards card. You’ll also earn 0.66 points per $1 on eligible spending up to $1,500 per statement period, then 0.5 points per $1 after that.

The $129 Virgin Australia flight voucher each year is a nice touch and helps make the $149 annual fee easier to justify — especially if you fly just once a year.

On top of that, there’s a 0% p.a. balance transfer offer for 12 months, which can be a smart way to wipe out existing credit card debt without interest piling up. Just keep in mind that while the balance is unpaid, you’ll lose interest-free days on purchases, and won’t earn points until it's cleared.

All up, this card is a solid pick for points chasers who want a simple, reliable way to earn rewards, clear debt, and get some flight perks — without stepping into premium card territory.