Seems like a tidy way to make a 5% return / $100 if you can be bothered.
Virgin Money No Annual Fee Credit Card - $100 Back after $2000 Spend in First 3 Months
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Referral: random (346)
Referees will receive 5,000 Virgin Money Points when they open their first Virgin Money Go Account before 31 January 2024 and meet the Welcome Offer Bonus Points Criteria (1 debit card purchase/direct debits/BPAY transaction in the first 30 days).
Referrer will receive 5,000 Virgin Money Points for each referee who meets the Welcome Offer Bonus Points Criteria, for up to 5 referees in a month.
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Do gift vouchers count towards the $2000 requirement? Or are they considered a cash advance?
$100 cashback offer for new approved customers only who apply by 31 August 2016 and spend a minimum of $2,000 on Eligible Transactions on the card within 3 months of card approval date. Eligible Transactions means any retail purchase which is made by the use of a Card or any other means permitted by Us, excluding (but not limited to) transactions by way of Cash Advances, Balance Transfers, Special Promotions, fees, BPAY payments, purchases of foreign currency and travellers cheques, foreign exchange and ATM/Bank charges, interest charges, finance charges, government charges, payments to the Australian Taxation Office, insurance charges, payments to loan accounts (mortgage etc), purchases in excess of limits on the Account, and transactions made in operating a business. The cashback will be credited to the eligible customers account within 8 to 10 weeks after the qualifying purchases are made. You must be the primary account holder, the offer can only be used once per person and is not available to pre-existing customers. This offer is subject to change without notice at the discretion of Virgin Money, is non-transferrable and can't be used in conjunction with other promotions or offers.
So the exclusions in a list form from the above are
Cash Advances
Balance Transfers
Special Promotions
fees
BPAY payments
purchases of foreign currency and travellers cheques
foreign exchange and ATM/Bank charges
interest charges
finance charges
government charges
payments to the Australian Taxation Office
insurance charges
payments to loan accounts (mortgage etc)
purchases in excess of limits on the Account
and transactions made in operating a business
(but not limited to)
The thing is, how would they know you bought a giftcard?
Can't you just buy say a $100 woolies card, chuck some fruits with it and the cc payment is $102.32?
I'd be tempted to spend the $2000 on Wish gift cards from cashrewards.com.au - ends up being 9.75% off Woolworths Gift Cards? Tempting…if this offer is still around after the ANZ rebate (of $170) then I will sign up
thanks, i've applied
I can't see whether you get Velocity points or not?
No ongoing rewards with this card
Tired of Virgin.
They came with Westpac. Then they sold out.
Now they are back with Citibank.The exclusion of BPAY rules me out. Otherwise I would plunk the winter electricity+gas bill on it.
what's the point to have a 5% return by investing 2000 dollars cash and never get the 2000 back? this even worse than St Georg "Complete Freedom" 50 dollar deal.
+1 for the enthusiasm