From the website:
"Earn up to 70,000 Velocity Points. Receive 20,000 Points for each month you spend $1,500 or more on Eligible Transactions in the first 3 months from card approval (capped at 60,000 Points) and 10,000 Points after your first anniversary."
Earn 0.66 Velocity points per $ spent for the first $1500 per statement period, 0.5 points thereafter.
There is also 100k points on offer for $289 fee: https://virginmoney.com.au/credit-card/compare-our-credit-ca….
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.
Underwritten by the muppets at citi bank
Does it mean that my approval request is going to the sent to the same office that declined this https://www.ozbargain.com.au/node/483082?
If this is case i am not going to apply.
Looks like. My citi visa rewards signature got rejected and Coles rewards MasterCard as well after a month!
Thanks for the info, I didn't know that the Coles Mastercard is also issued by Citybank.
This is there standard offer. BUT read the spend exclusions. Council rates, rego,water bills all ineligible. I paid my water via Paypal and they said the spend doesn't count. Thankfully FSO didn't agree and I got the points. PITA to follow up though.
FSO?
Financial Services Ombudsman.
It's 20k points for the first 3 months of spending $1500, and another 10k on first year anniversary where you'll have to pay the full annual fee of $129. So if you plan on cancelling before the second year, you can only get 60k through this offer.
Edit: Deal title changed now to reflect, cheers