Virgin Money Velocity High Flyer 1

Virgin Money Velocity High Flyer

Receive 25,000 Points for each month you spend $3,000 or more on Eligible Transactions in the first 3 months from card approval (capped at 75,000 Points) and 25,000 Points after your first anniversary.

Rewards program

Velocity Frequent Flyer

Earn rate

1 pts

per $1 spent uncapped

Bonus Points

Up to 100,000 Velocity Points

points after spend criteria

Annual fee

$289

ongoing

Up to 100,000 bonus Velocity Points

Receive 25,000 Points for each month you spend $3,000 or more on Eligible Transactions in the first 3 months from card approval (capped at 75,000 Points) and 25,000 Points after your first anniversary.

$129 Virgin Australia Gift Voucher, yearly

To unlock the $129 Virgin Australia Gift Voucher, simply make an eligible transaction in the 2 months prior to requesting your voucher. Valid for 6 months from voucherissue date.

Earn 1 Velocity Point per $1 spent

Earn 1 Velocity Point per $1 spent on Eligible Transactions up to $8,000 each statement period, 0.5 Points per $1 spent thereafter.

The Virgin Australia Velocity High Flyer Card is the top tier Visa card offered by Virgin Money, which allows you to earn 1 Velocity Point per dollar, on up to $8,000 per month. 

Right now the Virgin Australia Velocity High Flyer Card comes with up to 100,000 Velocity bonus points when you sign up online, are approved, and spend $3,000 or more each month for the first 3 months. 

Points are credited in tiers: 25,000 Points for each month you spend $3,000 or more on eligible transactions for the first 3 months from card approval (up to 75,000 bonus Points) and 25,000 Velocity Points are credited after your first anniversary.

Virgin Australia Velocity High Flyer Card Details & Fees

  • Card type: Visa Signature Black
  • Rewards program: Velocity Frequent Flyer
  • Velocity Points: Earn 1 Point per $1 on eligible spend up to $8,000 spent per statement period, 0.5 Points per $1 thereafter. Note no Points earned on all government spend.
  • Points cap: Uncapped, but tiered earn rates apply as above
  • Annual fee: $289
  • Supplementary cardholder fee: $89/year
  • Interest rate on purchases: 20.74% p.a.
  • Interest-free days on purchases: Up to 443
  • Interest rate on cash advances: 20.99% p.a.
  • International transaction fee: 3.3%
  • Minimum income requirement: $75,000 p.a.
  • Minimum credit limit: $15,000

Virgin Australia lounge passes

The Virgin Australia Velocity High Flyer Card comes with 2 complimentary lounge passes each year you hold the card. The lounge passes are digital and will be automatically linked to your Velocity Frequent Flyer account.

How to get the 100,000 bonus points 

The reason you stand to earn “up to” 100,000 bonus Velocity points is because the points are credited over a time span of 3 statement cycles, with each cycle you get credited 25,000 points. On the anniversary date you get rewarded with an extra 25,000 Velocity Points for a total of 100,000 bonus Velocity Points.

The catch is that you have to spend $3,000 or more on eligible transactions each month for the first 3 months to get the bonus points. Each month that you complete the required minimum spend, you will receive 25,000 bonus points. 

Click to learn more or apply

What’s eligible spend? 

Eligible Transaction means any purchase excluding (but not limited to):

  • Cash Advances
  • Balance Transfers
  • Special Promotions 
  • BPAY payments
  • Purchases of foreign currency and travellers cheques
  • Transactions made in operating a business
  • Bank fees and charges such as interest and ATM charges
  • Government related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs).

International Travel Insurance

Cardholders are entitled to International Travel Insurance, which may cover you and your family when travelling overseas, for medical expenses, loss or theft of personal items, unexpected trip cancellation and more. To activate the insurance, you will have to purchase your return flights with your Virgin Australia Velocity High Flyer Card. As always, make sure you read the PDS to ensure this insurance cover suits your personal requirements. https://my.virginmoney.com.au/global_docs/pdf/CreditCard_Insurance.pdf

How to request the $129 Virgin Australia Gift Voucher 

To unlock your benefit, simply make a retail purchase in the 2 months before requesting your voucher. Use your $129 Virgin Australia Gift Voucher when booking Virgin Australia flights on any fare type (including sale fares) or selected Virgin Australia Holidays’ packages anytime within 6 months of voucher issue date.

You will be able to request the Virgin Australia Gift Voucher via this online portal: https://virginmoney.com.au/products/credit-card/gift-voucher simply by providing the required information. 

What can you do with 100,000 Velocity Points? 

100,000 Velocity Points aren’t pocket change and are enough to get you somewhere nice in business class! We’ve put together a few ideas on how you can redeem those Points for business or first class tickets (we’re not talking upgrades!). 

Click here to learn what you can do with your Velocity Points.

0% p.a. for 15 months balance transfer

Virgin Money is offering an attractive 0% p.a. for 15 months balance transfer with the Virgin Australia Velocity High Flyer Card. There’s no establishment fee either, which is excellent. Reverts to cash advance rate. No interest free days apply while you have a balance transfer.

Virgin Money High Flyer Conclusion 

The Virgin Australia Velocity High Flyer Card is one of the best Velocity Points earning Visa cards in the market. The $8,000 earn cap at 1 Point per dollar is quite generous, and the annual fee is mostly offset by the $129 Virgin Australia Gift Voucher and lounge passes, not to mention the 100,000 bonus Points. However, if the annual fee or income requirements are out of reach for you, check out the Virgin Australia Velocity Flyer Card which comes with 70,000 bonus Points right now. 

Check out this offer on Virgin Money

Important Information Virgin Money Would Like Us To Include:

  • To earn and redeem Velocity Points, you must be a Velocity Frequent Flyer member. Velocity membership and Points earn and redemption are subject to the member Terms and Conditions, as amended from time to time. Velocity Points are earned on Eligible Transactions only. Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges and government related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters,  fares on public transport,  fines and court related costs). See Rewards Program for High Flyer and Flyer Cardholders Terms and Conditions for full details and definition.
  • 100,000 bonus Velocity Points offer is available to new approved Virgin Australia Velocity High Flyer Card account holders who apply by 2 December 2019. 25,000 bonus Velocity Points will be awarded for every month $3,000 or more is spent on Eligible Transactions for 3 months from card approval. Plus an additional 25,000 bonus Velocity Points will be awarded after the first anniversary. Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and  travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges and government related transactions. Government related transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government  (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters,  fares on public transport,  fines and court related costs). See Rewards Program for High Flyer and Flyer Cardholders Terms and Conditions for full details and definition. Please note that if you have a balance transfer, you will be charged interest on any spend you make. Credit Card application must be submitted through this page or by calling 1300 771 634 and indicating that you would like the High Flyer Card 100,000 Velocity Points offer. Points will be credited to the Primary Cardholders Velocity Account up to 60 days after the qualifying purchases. To earn and redeem Velocity Points there must be an active Velocity Frequent Flyer Membership linked to the Virgin Australia Velocity High Flyer Card account. Velocity membership and Points earn and redemption are subject to the member Terms and Conditions, as amended from time to time. This offer can’t be used in conjunction with other Virgin Australia Velocity High Flyer Point promotions or offers. Offer is not available to existing Virgin Money Credit Card holders (including upgrades).
  • Unless advertised otherwise, the interest free period applies when you pay your full closing balance from your last statement of account by the payment due date (excluding any Fixed Payment Option balance which isn’t due for payment by that payment due date). No interest free period is available on Cash Advances or Balance Transfers. Whilst you have a Balance Transfer you will be charged interest on your daily unpaid balance.
  • The complimentary Lounge pass benefit is available to Primary Virgin Australia Velocity High Flyer Cardholders only and provides two Single-Entry Virgin Australia domestic Lounge passes each year. You will become eligible for your two Single-Entry Virgin Australia domestic Lounge passes upon card activation in your first year and then each anniversary thereafter. See Virgin Australia Lounge Pass Benefit Terms & Conditions for full details.
  • Complimentary insurance covers: AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 of 74 High Street, Toowong QLD 4066 (trading as Allianz Global Assistance) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 of 2 Market Street, Sydney NSW 2000 has issued an insurance group policy to Citigroup Pty Limited ABN  88 004 325 080 AFSL and Australian credit licence 238098 (Citi) of 2-26 Park Street, Sydney NSW 2000 which allows eligible Citi account holders and cardholders to claim under it as third party beneficiaries. Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. The terms, conditions, limits and exclusions of the group policy are set out in the Complimentary Insurance Terms and Conditions which may be amended from time to time. Extended warranty insurance does not affect the rights of cardholders against a manufacturer in relation to contravention of statutory or implied warranties under Australian legislation. Citi does not guarantee this insurance.
  • The Virgin Australia Gift Voucher is available to Primary Cardholders only and provides one Virgin Australia Gift Voucher to the value of $129 (AUD) each year. You will become eligible for your $129 Virgin Australia Gift Voucher 30 days after card approval in your first year and 30 days after your card anniversary thereafter provided you have made a retail purchase as the Primary Cardholder in the 2 months prior to requesting your voucher, your account is active and in good order and you are a Velocity Frequent Flyer Member. Gift Voucher is not redeemable for cash and is not reloadable. See Virgin Australia Gift Voucher Benefit Terms & Conditions and Terms of Use for full details.
  • Your total balance transfers may not exceed 80% of your credit limit. The balance transfer interest rate applies to balances transferred with this offer for the period shown, from the date the balance transfer is processed. At the end of the balance transfer period, the interest rate on any outstanding transferred balance will revert to the interest rate for cash advances, currently 20.99% p.a. on the Virgin Australia Velocity Flyer Card, Virgin Australia Velocity High Flyer Card and Virgin Money No Annual Fee Card, and 21.69% p.a. for the Virgin Money Low Rate Card. Interest rates are variable and subject to change. The interest rates are current as at 30 August 2019. This offer is valid until 2 December 2019. Please note that unless advertised otherwise, you are not entitled to any interest free days whilst you have a balance transfer. This means that all spend will be charged interest at the applicable ongoing purchase rate. Velocity Points are not issued on balance transfers. View more information about balance transfers.

 

Virgin Money Velocity High Flyer Review
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User Review
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Virgin Money Velocity High Flyer

The top tier Visa card which earns Velocity points comes with a huge sign up bonus and some great benefits such as the $129 Virgin Australia flight voucher.

Pros

  • Great earn rate
  • $129 Virgin Australia Flight vocuher
  • Huge sign up bonus

Cons

  • Points cap per month
Overall
5