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Virgin Money Velocity Flyer Card: 25,000 Velocity Pts with $1500 Spend Each Month for 4 Months, Annual Fee $129, $35K Min Income

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Virgin Money Velocity Flyer Card: 25,000 Velocity Pts with $1500 Spend Each Month for 4 Months, Annual Fee $129, $35K Min Income
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LPapeto on 02/07/2023 - 10:12 virginmoney.com.au (6658 clicks)
Last edited 03/07/2023 - 18:04 by 3 other users

This deal is back, but looks like application is open only for one month. There is two credit cards - Velocity Flyer credit Card ( up to 100k points) and the Velocity High Flyer card (VHF) for up to 120 k points. The Velocity Flyer is the sweetspot as it has lower income and spending citeria and you get your annual fee as a credit towards a flight.

Summary of important points for the cards are - VHF in brackets:

  • 25k bonus Velocity Points per month with $1,500 or higher spend in the first 4 months from card approval (30 k for $3,500 spend per month for 4 months)
  • $129 per year annual fee ($289 per year)
  • $129 travel voucher(virginmoney.com.au) each year (VHF adds two complimentary Virgin lounge passess)
  • $6k minimum credit limit ($15k)
  • Minimum income of $35k ($75k)

The earn rate on the VHF is 1 point per $1 up to $8,000/month and 0.5 beyond that, the Velocity Flyer is just 0.66 points per $1 up to $1,500/month and then 0.5 beyond that.

Referral Links

Referral: random (341)

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.

Financial Credit Card Frequent Flyer Reward Points Velocity Frequent Flyer VISA

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Velocity Frequent Flyer
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closed Comments

  • tunzafun001 on 02/07/2023 - 10:26
    +9

    Annual fee is regularly half this. Also, be aware of many spend exclusions and on the fence spends "semi government" is a good example. This is the card you will get AFCA involved with, but good perks for the work.

    • capslock janitor on 02/07/2023 - 13:00
      +1

      What do you mean get AFCA involved with good perks for work?

      • ChaseTheSun on 02/07/2023 - 14:00

        i think it means you have to complain to AFCA to get your disputed points.

        • tunzafun001 on 02/07/2023 - 17:24
          +23

          That is correct. They didnt accept my water / power bills (said its Semi gov and didnt count). Our water and power is privatised… Escalated to a superior (offshore). He basically said "too bad, no chance of getting the points". Lodged with AFCA a week later I got a call from an Oz rep, points landed within 24hrs.

    • Anon257 on 02/07/2023 - 13:13
      +1

      I got it for half annual fee too a few months ago.
      The application process was very broken for me on the website. Had to do the application over the phone.
      App is pretty terrible too, but the points make it worth it.

  • toobzy on 02/07/2023 - 10:32

    Do you get a partial refund of annual fee if you cancel in the first year?

  • Mugsy on 02/07/2023 - 10:35
    +1

    Yeah I stopped getting this card when they nipped the government bills as valid spends. My big ticket items are all property related bills.

    Might mean Amex velocity will bump up their bonus points to be competitive.

    • ausmisc on 02/07/2023 - 11:29
      +1

      Fees not worth it using the likes of Sniip or Yak Pay?

      • capslock janitor on 02/07/2023 - 13:01

        What's yak

        • bohn on 02/07/2023 - 13:44
          +9

          You know Sniip? It's like that, only Yak.

      • BrunoBear on 02/07/2023 - 13:47

        Are Sniip or Yak pay eligible spends for getting the bonus?
        They state business expenses are not eligible and Yak pay is specifically targeted for business customers.

        • ausmisc on 02/07/2023 - 14:16

          Yeah everything I've read here, Whirlpool, Ausfinance etc seems to say that Sniip etc will work fine for meeting minimum spend requirements and earning reward points. Even if the bill you're paying wouldn't otherwise be eligible.

          I think Sniip is the only personal option left, the others require an ABN to sign up, and Beem it is kind of dead.

        • miked on 03/07/2023 - 20:25
          +1

          Used this offer to pay off my HECS, can confirm Sniip is eligible for bonus points.

          • nadan on 04/07/2023 - 22:51

            @miked: But 1.5% fee?

            • miked on 05/07/2023 - 09:04
              +1

              @nadan: Better than the 7.1pc indexation

              • nadan on 05/07/2023 - 10:13

                @miked: For sure, I was more referring to the use of Sniip and not paying off HECS.

  • BuyLowLetsGo on 02/07/2023 - 10:42
    +1

    VF is an A+ card. Just churned through this. Easy criteria to fulfill over 4 months to get 100k points + travel credit.

    Only issue was their registration form that kept glitching out for me. Had to sign up via phone.

    • Marmaduke on 02/07/2023 - 10:44
      +2

      The app is also hot garbage but agree points are good.

  • Mattz0r on 02/07/2023 - 10:42
    +2

    Good card with the small monthly spend. Getting the travel voucher was annoying though - the virgin website just refuses to work

  • Flintz on 02/07/2023 - 10:59
    +3

    Got rejected last time. They probably know I'm a churner. I signed up to Westpac velocity 15mins later and got approved.

    • Madkant on 02/07/2023 - 11:23
      +1

      Had the exact same thing happen and also grabbed a Westpac card instead. What's next? NAB for me I think :p

    • jonnoyeo on 02/07/2023 - 11:36

      same…got the card in 2021, then rejected in 2022, trying my luck again in 2023

      • jonnoyeo on 02/07/2023 - 11:55
        +2

        approved this time round

        • mameimo on 02/07/2023 - 12:32

          Were you instantly approved?

          • jonnoyeo on 02/07/2023 - 14:46
            +1

            @mameimo: Yep, conditional to payslips being verified

    • hakkenuh on 02/07/2023 - 16:03

      yep just got instant rejected for a second time in a year. Only card I consistently get rejected from.

      • capslock janitor on 03/07/2023 - 02:17

        Does it affect credit file

      • payless69 on 03/07/2023 - 08:39

        Ask Procol Harum
        you keep getting virgin nr 16…

    • tunzafun001 on 02/07/2023 - 17:25
      +1

      Is it a citi card? More than 2 applications in x time frame (cant remember what it is), is an instant rejection.

      • Flintz on 02/07/2023 - 21:41

        Haven't had a Citi card for 2 years when I applied.

    • maverick1 on 03/07/2023 - 02:01
      +1

      I’m a serial churner and have never been approved for this card. Been declined 2-3 times in the last couple of years. Might go for NAB reward instead.

  • mrkookz on 02/07/2023 - 11:01
    +3

    I'm hoping this is the beginning of a season of improved QFF signup bonus points offers across other cards. Looking at you Qantas Amex Ultimate…

  • Brick50 on 02/07/2023 - 11:04
    +6

    Don’t think the high flyer card is worth extra 20k points as a churned,

    I’m currently my third month of the Velocity flyer card getting 25k points per month, but I got bonus 30k points in the first month so 130k total.

    Might consider getting my partner to sign up for this one

    • Ghost47 on 02/07/2023 - 13:50
      +1

      You need to spend like ~2.334x the amount on the High Flyer compared to the Flyer card for only 25% extra points. Definitely not worth it IMO.

      You could open up another card with a different provider that has bonus points and get more points for less money spent.

    • hoangdekiem on 30/07/2023 - 11:19

      how did you get the 30k bonus points for this card?

  • OfficerBarbrady on 02/07/2023 - 11:14

    I clicked on upload my document's later and accidentally refreshed. Does that mean its been submitted because havent got email yet

    • OfficerBarbrady on 02/07/2023 - 11:24
      +1

      Update - took about 15 mins for the email

  • colt75 on 02/07/2023 - 11:19

    What documents do they require on application?

    • OfficerBarbrady on 02/07/2023 - 11:29

      Payslips, medicare card, drivers licence. The usual stuff.

  • nightelves on 02/07/2023 - 11:20
    +1

    I'm reading this card as no annual fee for the first year with 100k offer which is fantastic!

    • Unotifoso on 02/07/2023 - 11:54
      +3

      I read it as $129?

      • Brick50 on 02/07/2023 - 12:18

        I got this card a few months ago, the annual fee then was $64 for 100k card

      • serpserpserp on 02/07/2023 - 12:19

        But the $129 can be redeemed as a travel voucher?

      • nightelves on 02/07/2023 - 12:20
        -2

        https://virginmoney.com.au/credit-card/compare-our-credit-ca…

        Look under card details

        • BrunoBear on 02/07/2023 - 12:31
          +4

          No annual fee only for balance transfer and doesn't include bonus points

      • timhn on 02/07/2023 - 12:34
        +4

        Under "Things you need to know"

        Virgin Australia Velocity Flyer Card no annual fee waiver offer is available to new customers that apply by 31 July 2023. The annual card fee is $0 for the first year, then $129 will be charged on the anniversary of your card account being opened with Virgin Money.

    • jimboner on 02/07/2023 - 13:08
      +1

      Yes, no annual fee for Virgin Australia Velocity Flyer Card in first year - point 39 in ''Things you need to know"

      • Papeto on 02/07/2023 - 13:40

        Thanks for the refrence. I updated the description to reflect the waiver.

        • hoby520 on 03/07/2023 - 09:55
          +3

          There are two different offer. 100000 Velocity Points offer and Balance Transfer offer. No annnual fee is for Balance transfer offer which no bouns points. You can scroll up and see #39 is in Balance Transfer offer. 100000 Velocity Points offer does have $129 annual fee.

  • Love a bargain on 02/07/2023 - 11:26

    Am I right to presume that I can use multiple vouchers in my travel bank on the same transaction? New to this travel bank thing.

    P.S. Already got a voucher from ANZ in my travel bank.

    • blueyez on 02/07/2023 - 13:04

      Yeah you can, normally they combine it.

      I had 2 vouchers on the same account with different expiry dates before, also from ANZ

  • TightAl on 02/07/2023 - 11:31
    +2

    Thats a big spend hurdle dang
    Challenge accepted.

    • Brick50 on 02/07/2023 - 13:37
      +7

      Username checks out if you think that’s a big minimum spend

      • TightAl on 02/07/2023 - 15:46
        -6

        Wow big spender.
        $14k spend isnt a big minimum? Show me cards with higher minimum spend.

        Trying to gaslight me when you do refundable bookings lmao. Joker

        • Brick50 on 02/07/2023 - 16:57
          +3

          The high flyer card for 120k is a terrible deal for only an extra 20k points. $1500 a month is very doable on the VF card which gives you 100k points.

          You're paying $160 extra in annual fees for only an extra 20k points after 4 months which is worth $200 @ 1c pp

          So you are only getting an extra $40 value whilst having to do unnecessary spending, this is a card to churn not keep and earn as there are much better cards out there for that if you're looking at earn rates, insurances etc.

  • BrunoBear on 02/07/2023 - 11:42
    +1

    Do we have to keep the card open to use the travel voucher? Can the travel voucher be used to pay for taxes for reward flights? And does it all have to be used in 1 transaction?

    • BrunoBear on 02/07/2023 - 22:16
      +1

      To answer my own question after reading travel bank t&cs: credit cannot be used for reward flights and can be used in more than one transaction. Not sure if the card has to be kept open, but i presume not.

      • mouseman99 on 03/07/2023 - 08:28

        Any idea how you get the travel voucher? Got this card about 4 months ago and didnt even know this was a perk

      • ujwols on 23/07/2023 - 09:51
        +1

        I closed my card, but the travel credit is still available and seems to have 1 year expiry

  • Kuma on 02/07/2023 - 11:49

    Is the spend criteria spend $1,500 or $3,000 every month for the first 4 months or just one off spend within the first 4 months?

    • Brick50 on 02/07/2023 - 12:18
      +1

      $1500 per month, they issue 25k points at start of each month

      • capslock janitor on 02/07/2023 - 13:06

        Now what's some tips to do 1500pm?

        • Brick50 on 02/07/2023 - 13:33
          +14

          Just keep yourself alive for a whole month and you’ll be most of the way there surely.

          Otherwise buy gift cards, pay your tax debts, pay your council rates early, put your energy bills into credit.

          Or book accomodation for 6 months in advance each month with free cancellation, once you’ve gotten all the points cancel the accom for full refund

          • kuwahshi on 02/07/2023 - 16:21

            @Brick50: Isn't a hassle to get accom refunded to a cancelled credit card?

            • Brick50 on 02/07/2023 - 16:52

              @kuwahshi: why would the credit card be cancelled? You keep the credit card for 4 months, and at the end of 4 months get accom refunded then cancel CC

          • chrig on 12/07/2023 - 14:00

            @Brick50: Otherwise buy gift cards, pay your tax debts,

            Do these count as eligible spend

            • Brick50 on 12/07/2023 - 14:09

              @chrig: They should, but I was referring to the recent 10% off Coles Mastercard Gift Card deal from Coles which you can use to pay ATO

  • JuanLove on 02/07/2023 - 11:49

    They try to avoid paying out the points. The month for minimum spends starts from the time you are approved, not from when the card is activated. So you're approved, card us sent a few days later, is received a few days later. Then you only have 2-3 weeks to reach the pretty high min spend with multiple exclusions - which in my case I realised too late. And they straight up don't give a shit when you call them. I would avoid.

    • j1nx on 02/07/2023 - 11:53

      Eligible purchases in the fine print look pretty standard to me: “An eligible purchase means any purchase excluding Cash Advances, Balance Transfers, Special Promotions, refunds and chargebacks, purchases of foreign currency and travellers cheques, transactions made in operating a business, and fees and charges such as interest and ATM charges.”

      Is there more to this that you would be able to describe for us?

      • JuanLove on 02/07/2023 - 12:45
        +2

        I paid a few bills as I had 2 weeks to hit 4.5k. They said the bills didn't count. They had a different promo around Easter so there were postage delays. Not Virgin's fault, but they didn't budge on the 1 month fron approval vs 1 month from activation thing despite a clear reason for the discrepancy. There is no cancellation or retention team. The first person you get is happy to cancel your card if you aren't happy. From another post:

        At the bottom of the page in "things you need to know" it says at point 10:

        "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, 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)."

        • j1nx on 02/07/2023 - 12:53

          Thank you for that. I intend to purchase $1000 Woolies gift cards as we do every month anyway, and we can make up the rest with health insurance and Opal payments.

        • BrunoBear on 02/07/2023 - 12:53

          Damn that's a lot of exclusions.
          What kind of bills did you have and how did you pay them?

          It also says no "transactions made in operating a business" - does this mean payment processors such as YakPay could be excluded?

        • stmgr on 02/07/2023 - 22:50

          Bpay deft for rent, that would more than cover 1500 a month. But sad…

          • mitchbourke on 03/07/2023 - 11:41

            @stmgr: Do you think RentPay would work for credit card payments for rent? 90% sure its not BPAY

  • j1nx on 02/07/2023 - 11:50

    Nice deal. Website says $0 annual fee for the first year on the Flyer card, then $129 thereafter. OP description says $129.

    • Brick50 on 02/07/2023 - 12:22

      Where does it say $0 annual fee on the website?

      • timhn on 02/07/2023 - 12:37

        Here

        • Brick50 on 02/07/2023 - 13:35

          Okay, I honestly doubt it’ll be waived but here’s to hoping

          Will see how it goes

          • timhn on 02/07/2023 - 14:44

            @Brick50: Lol, so you're saying VM not stick to their own T&Cs ?

            • Brick50 on 02/07/2023 - 17:00

              @timhn: Are you able to send me an actual link to their website where it says $0 annual fee? Because the link in the comment you're referring to 404's. On the link in the original deal it's pretty clear theres an annual fee. Directly under the offer it says "Card details" which states there is a $129 annual fee.

              Perhaps the annual fee was waived last month when the bonus points offer was not as good, or maybe even you can get it waived but with no bonus points. But I can't find it anywhere in the T&C's on their site stating that it's waived, and its definitely not there under the details of the Offer 1 and Offer 2 sign up pages.

              • j1nx on 02/07/2023 - 17:37

                @Brick50: Right here: https://virginmoney.com.au/credit-card/compare-our-credit-ca…

                Scroll down to card details and it’s at the top of the table. You could argue that if they charge you an annual fee, because this website says it is free in the first year and that was your understanding of it, then it should be refunded.

                • BrunoBear on 02/07/2023 - 17:42
                  +1

                  @j1nx: It comes under "balance transfer offer" though. The way i understand it is you can get the balance transfer offer with no af and miss out on points, or pay the annual fee with no balance transfer to be eligible for the 100k

                  • j1nx on 02/07/2023 - 17:48

                    @BrunoBear: if true I find that to be incredibly misleading. It’s not made clear, and is under ‘card details’ as a general heading. As I said, I intend to argue this if they charge me the annual fee.

                    • Brick50 on 02/07/2023 - 18:07
                      +1

                      @j1nx: Okay I can see it now but yes, entirely different offer (no bonus points). They will definitely be charging an annual fee for this card and I personally found that very clear when I viewed the offer and signed up

                      In saying that keep us posted on the outcome

                      • j1nx on 02/07/2023 - 18:17
                        +1

                        @Brick50: Will do! I have experienced similar website confusion with a previous churn last year and easily managed to argue the fee be refunded. Fingers crossed I am lucky enough this time. They really need to make their website clearer.

              • timhn on 02/07/2023 - 19:08
                +2

                @Brick50: Go to the link of the deal at VM website, scroll all the way to bottom of page, last item #39 of "Things you should know" :

                Virgin Australia Velocity Flyer Card no annual fee waiver offer is available to new customers that apply by 31 July 2023. The annual card fee is $0 for the first year, then $129 will be charged on the anniversary of your card account being opened with Virgin Money.

    • j1nx on 02/07/2023 - 12:52

      Scroll down the page on the VF card. Tap to expand card details. First item in the table details the annual fee.

  • Westpac on 02/07/2023 - 11:57

    The annual fee states $249? also what is the minimum monthly spend? am i the only one confused?

    • j1nx on 02/07/2023 - 11:58

      VF $1500 per month, VHF $3500 per month. For 4 months.

      • Westpac on 02/07/2023 - 11:58

        oh, well then this rules me out thanks!

  • tripdubz on 02/07/2023 - 12:06

    Anyone know if rent payments via deft count as valid spend?

    • lakes_8 on 02/07/2023 - 12:18
      +1

      I've paid body corp via deft and it was fine

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