Virgin Money is a part of a reputed and well-known global Virgin brand. The Bank of Queensland (BOQ) owns the virgin money. Virgin Money offers a wide range of financial services like credit cards. Also home loans, travel and insurances, and income protection to name a few. The Virgin Australia Velocity Flyer Credit Card aims to provide Australians with an opportunity to make the best use of their money.
Virgin Australia Velocity Flyer Credit Card offers its new cardholders an opportunity. A chance to earn up to 100,000 Velocity points. If you spend $1500 or more in the first four months from the Card approval date then you can earn 25000 points per month. You also receive a 50% discount on the annual fee for the first year. Plus a $129 gift voucher each year. It also offers 0% p.a on balance transfer for a year and a half (18 months). This credit card is a must-have if you are looking for a secure and profitable card.
Benefits of the Virgin Australia Velocity Flyer Credit Card
If you do not have an idea of the points, 100,000 points are more than enough for a business class return flight from Brisbane to Perth. Or from Sydney to Gold Coast for 26,600 and additional taxes, fees and carrier charges. There will be an option for overseas travel using credit card points. This offer is only applicable to the new Virgin Australia Velocity Flyer Credit Card cardholders who apply before 31 March 2022.
You can earn 100 bonus Status Credits if you spend $500 or more for Virgin Australia flight booking through the Virgin Australia website. This offer is valid within the first 4 months from the date of Credit Card validation. The last date of the offer is 31 March 2022. Normally it takes 60 days to process the bonus Status Credits after the specified spending.
Velocity Points
With this Credit Card, you get a chance to earn 1 velocity point per $1 spent on the entitled transactions up to 8,000 per month. After that, you earn 0.5 points for every $1 spent. These velocity points can be used for flights, commodities, etc. You can enjoy a $129 Virgin Australia gift voucher each year. Before making a voucher request you just have to have an eligible purchase within the 2 months.
With this voucher, you can book Virgin Australia flights or you might want to select a Virgin Australia holiday package. This all is applicable only if you have used the voucher in the first 6 months from the voucher issue date. Your Virgin Australia Velocity Flyer Credit Card is great to organize trips and enjoy its benefits.
This credit card also offers 2-single entry domestic lounge passes. There are no certain benefits but normally it will help you in providing comfortable seating in Virgin Australia lounges, dedicated workspaces, food, beverages, etc. You will see these passes in your velocity account and Virgin Money has called it an anniversary present. These passes will be valid till your next card anniversary.
Complimentary Insurance
If you are a frequent traveler and are worried about the insurance, then do not worry there is complimentary international travel insurance and transit accident insurance. This credit card provides some benefits in case of accidental death or an injury if you are on a trip. This offer is only valid if the entire trip transaction was made through the Virgin Australia Velocity Flyer Credit Card.
There is also 0% p.a for 2 months on balance transfer. Those who will have their credit card approved before 31 March 2022 can avail of this offer. The variable cash rate of 20.99% p.a will be charged on any unpaid balances after the promotional tenure. There is also an option to transfer up to 80% of the allowed credit limit from other accounts (non-Virgin money). With this card, you gain access to the Visa Concierge Service. It serves as a personal assistant and can be controlled with a single click or a phone call.
Digital Protection
Cybercrimes are increasing day by day and credit cards and banks are more vulnerable to these acts. The Virgin Australia Velocity Flyer Credit Card is protected through Fraud Shield. Any irregular transaction in your account will notify the authorities and then you will be contacted for confirmation. There is also Visa’s Zero Liability policy to keep you out of any trouble if your car was involved in any kind of suspicious and fraudulent transaction.
Guaranteed pricing schemes
This policy ensures that you get the best possible price for the products that you purchase with your Virgin Australia Velocity Flyer Credit Card. Within the 60 days of the purchase, if a customer finds that he has been charged more, and the radius of the store where he purchased and the store where less price was available is within 25 km, plus the price difference is more than AU$75, then the price difference will be refunded up to $500.
This policy does not include any purchases over the internet. The annual fee for the credit card is $289. Cash advances have a 20.99% p.a interest rate and 20.74% p.a interest rate is on purchases. Now that you know the benefits, it is essential to know if this card is right for you and how to apply for it. Keep reading to find out more!
Eligibility for the Virgin Australia Velocity Flyer Credit Card
To apply for the Virgin Australia Velocity Flyer Credit Card you must be an Australian citizen and your age must be at least 18 years. You must have an annual income of $75,000 or more. Your credit history must have a clean record and good score. You can check your credit score for free on the website. You must remember that status offer and bonus point offer is only applicable to the new credit cardholders.
How to apply for the Virgin Australia Velocity Flyer Credit Card?
The process of applying for the Virgin Australia Velocity Flyer Credit Card begins with the personal details where you are asked to enter your full name, date of birth, contact number, driving license number, number of dependents, and marital status. Then you will need income proof like payslips or bank statements.
You will also need a Frequent Flyer number. This will be used to transfer your points to your account. If you are looking for the introductory balance transfer offer, then you will have to enter the name of the institution, the amount to be transferred, and the bank account number. Keep an eye on our website for more amazing articles.
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