- Earn up to 60,000 bonus Velocity Points with the Virgin Money Flyer credit card.
- Receive 30,000 bonus points for each month you spend $1,500 or more in the first 2 months from card approval.
- $64 first year annual fee (then $129)
- $129 Virgin Australia flight credit
Velocity Points – Sign-up Bonus and earn rate
As a new cardholder, you can earn a significant sign-up bonus. Over the first two months, meet a reasonable minimum spend of $1,500 on eligible purchases, and you’ll receive 30,000 bonus Velocity Points each month. That’s a grand total of 60,000 Velocity Points to kickstart your journey towards memorable travel experiences.
It’s important to note that this exclusive offer is reserved for new cardholders, providing an excellent opportunity for those looking to dip their toes into the world of travel rewards or switch to a card that offers substantial benefits.
The Virgin Money Flyer credit card has a tiered earn rate
- 0.66 Velocity point earned per $1 spent on the first $1,500 per month,
- 0.5 Velocity point per $1 from $1,501 onwards
This tiered system ensures that your points keep accumulating, allowing you to plan for that dream vacation or upgrade your travel experience.
Eligible purchases include most transactions. Exclusions include: fees, cash, cash equivalent transactions, balance transfers and transactions for gambling or gaming.
Fees and Credit Limit
The Virgin Money Flyer credit card has a first year annual fee of $64, this is halved in the first year and will renew at $129. It also comes with an annual $129 Virgin Australia flight credit that means you actually get back more than the annual fee in the first year! The interest rate is 23.99% on purchases.
Insurances and other benefits
The Virgin Money flyer credit card comes with multiple insurances .
- Guaranteed Pricing Scheme – This feature ensures that if the price of an eligible item decreases within 60 days of your purchase, you can claim the difference.
- Transit Accident Insurance – This pays out if you suffer specified injuries during an accident while traveling.
Summary
| Annual fee | $64 in the first year, renews at $129 |
| Annual travel credit | $129 to spend on Virgin flights |
| Signup bonus points | 30,000 Velocity points each month, for the first two months after card approval |
| Minimum spend requirements | $1,500 per month |
| Earn rate | 0.66 Velocity point earned per $1 spent on the first $1,500 per month 0.5 Velocity point per $1 from $1,501 onwards |
| Interest rate | 20.74% p.a. on purchases |
| Interest free days | Up to 55 |
| Additional card holders | $39 per year |
In conclusion, the Virgin Money Flyer credit card proves to be a compelling choice for those seeking a rewarding travel experience. With a substantial sign-up bonus, tiered earn rates, and a thoughtful approach to fees, it’s worth considering for both novice and seasoned travelers alike. Start your journey towards accumulating Velocity Points and turn your travel aspirations into reality.
Does the Virgin Money Flyer credit card earn a spot in your wallet? Let us know what your favourite credit card is in the comments below.