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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 (335)

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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closed Comments

    • Brick50 on 18/07/2023 - 12:18

      Have you received it yet? Website says up to 10 business days, I'm at 7 now

  • nadan on 12/07/2023 - 13:30

    Can you use this with beamit?

    • mitchbourke on 13/07/2023 - 13:37

      I dont think so. I dont think beemit allows you to use credit cards

      • nadan on 13/07/2023 - 15:11

        It lets me add the card.

        • mitchbourke on 13/07/2023 - 16:21

          There you go. They might charge you a cash advance fee though if you move money off the card. Just something to watch out for

          • timhn on 13/07/2023 - 20:19
            +1

            @mitchbourke: No, you can’t transfer money out of CC with BeemIt. You can only use it to pay thru Beem checkout - at wherever that is.

  • Tassie on 13/07/2023 - 20:34

    Mine was conditionally approved, only need submit NOA, next day received a call to verify something and then got approved message. I also got NAB Qantas Platinum and Westpac Altitude Qantas Platinum approved after few days.

    • timhn on 13/07/2023 - 21:08

      Woah, you applied all 3 at same time?

      • Tassie on 14/07/2023 - 06:38

        Actually 4, including St.George, apply in one and half months when the credit report is still not update and the new account has not list in credit report yet.

    • mitchbourke on 14/07/2023 - 09:08
      +1

      So many minimum spend requirements to meet!

  • cuteduck on 13/07/2023 - 21:39
    +1

    Does anyone know how they define "per month"? monthly statement cycle or calender month?

    • bohn on 13/07/2023 - 21:41
      +2

      statement cycle.

    • mitchbourke on 14/07/2023 - 09:09
      +2

      Statement cycle, which begins from the date you're approved for the credit card.

  • Zacsik on 14/07/2023 - 09:04

    Does anyone know if items in "pending" count towards the monthly spend?

    • theguyrules on 14/07/2023 - 09:42
      +1

      Doubt it would until it clears.

    • bohn on 14/07/2023 - 09:56
      +1

      no it won't

      • Zacsik on 14/07/2023 - 10:40

        Cheers

  • Zacsik on 15/07/2023 - 08:45

    Do you think RACQ insurance would be included in the minimum spend? Just curious if there is any reason it would be classed as semi-gov?

    • timhn on 15/07/2023 - 11:41

      Isn't RACQ belong (part or whole) to government or public listed company?

      • Zacsik on 20/07/2023 - 13:23

        Fyi, I confirmed with the operator that it counts.

  • Ue on 15/07/2023 - 13:55
    +1

    Is this now annual fee free for the first year?

    For some reason there are 2 'Card Details' sections and the second one says "$0 annual fee for first year".

    Footnote 39 at the bottom of the page also says:

    "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…"

    Edit: Ah that might just be if you take the Balance Transfer offer, not the points?

  • Hunter14 on 19/07/2023 - 12:00

    So how do we know what our statement cycle date is?

    • bohn on 19/07/2023 - 13:11

      It shows you in the portal
      It says something like last bill date 5/7/23,that means next statement is 5/8

  • ilikedeals on 19/07/2023 - 19:22

    Applied on Friday
    Approved on Friday (within an hour)
    Card arrived today, Wednesday
    Pretty impressive!
    Had to call them twice (to change mailing address and to reset app access code) and no issues with customer service/wait time

    • Heybargain on 27/07/2023 - 17:29

      Similar approval experience for me :)

  • boq on 24/07/2023 - 17:17

    Applied last week and I can confirm fast approval (~10mins). I don't have the card though until now, on my 8th day since being approved.

  • josephjr on 25/07/2023 - 11:59

    Can anyone confirm if vicroad rego payment will count towards the spend?

    • bohn on 25/07/2023 - 12:55
      +2

      likely won't as per the terms.
      you could fight them , or, use another method like ZipPay to avoid any hassle.

      • nightelves on 30/07/2023 - 13:38

        ZipPay doesn't work for rego.Just tried it.

        • bohn on 30/07/2023 - 17:57

          can rego be paid via bpay?
          did you try that also? if zip doesn't work, there's sniip I guess.

          • nightelves on 30/07/2023 - 18:03

            @bohn: Used to be you can do it through Zippay and only pay $2.50 for fees.

            • bohn on 30/07/2023 - 18:20

              @nightelves: Yeah I paid a bpay not long ago, but not rego.

  • caustic birch on 25/07/2023 - 14:28

    Bummer, got declined.

    Have been going a bit crazy with credit cards lately tbf.

    • [Deactivated] on 31/07/2023 - 20:20

      How many cards? Maybe now you're blacklisted for a couple years :/

      Getting rejected is even a bigger hit to your credit.

      • caustic birch on 01/08/2023 - 00:24

        2 both with large credit limits and a recent mortgage

        It's happened before and I've been back in the game in no time so shouldn't be an issue if I wait a couple months

  • timhn on 30/07/2023 - 13:48
    +1

    Received the card few days ago. Looking through my utilities (all at least $1K in credit for each), health insurance (paid till end of year), WoW/Amazon gc (have about $300+ remaining each), I'm a bit struggling to find ways to spend $1500/month effectively.

    • BrunoBear on 03/08/2023 - 23:35

      From my previous comment here
      (which for some reason got downvoted to oblivion) Book fully refundable accommodation or flights then simply 'change your mind' later on. Counts as eligible spend and works perfectly for getting the bonus points.

  • eddie.s23 on 31/07/2023 - 10:10

    Can anyone advise how many previous payslips they request?

    • jar-unit on 31/07/2023 - 17:30

      They ask for 2 payslips less than 60 days old or employment contract

  • [Deactivated] on 31/07/2023 - 20:21

    Aren't VFF worthless these days? I thought finding flights on QFF was hard, but everyone says VFF is worse.

    • Zacsik on 03/08/2023 - 08:28

      Have actually found it way easier. And you could convert to KrisFlyer in a pinch.

  • booze101 on 01/08/2023 - 09:22

    Ineligible for travel voucher as received from another card earlier this year. Will i still get the lounge passes?

  • povo7 on 01/08/2023 - 21:49

    Seem to have expired?

  • Marrk on 03/08/2023 - 23:15

    How long does it take to get points for the previous month? And does it go by month or whenever you get your statement that month?

  • theguyrules on 05/08/2023 - 05:08

    Does my new "month" start now that my first months points are showing in the rewards history?

  • Marrk on 05/08/2023 - 07:32

    Has anyone argued the annual fee? There are a couple of mentions of it being $0 the first year - I know this is under the Balance transfer heading though condition 39 has no mention of balance transfers:

    1. 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.
    • Brick50 on 06/08/2023 - 14:30
      +2

      I love holding people to contracts etc. and have had issues like this with everyday rewards points offers etc. I make sure I get what I should

      But to me it was very cut and dry, I personally won’t bother trying to argue it because I doubt you’d get anywhere and it was clear when signing up that was a different offer, those terms were a lot further down the page under a different offer

  • pmx7 on 13/08/2023 - 01:53
    -1

    Good luck reaching $1500 in first month unless you're already planning a big purchase given it took them 12 days to send my card. Not fair at all.

    • Fancydancer on 13/08/2023 - 06:32
      +1

      You don’t buy groceries? Just get Woolies or Cole’s gift cards? Takes ten minutes to do the spend.

    • bohn on 13/08/2023 - 08:19

      you can also use things like zippay/afterpay to pay off with the new card when it comes.

    • timhn on 13/08/2023 - 09:33

      Pay into utilities (energy, water, gas) or private health insurance.

  • Marrk on 16/08/2023 - 13:47
    +1

    Had my account disappear from the iOS app Monday evening.

    "Hmm… We can't see any active accounts"

    If anyone else runs into the same issue, you need to add it back and it's not super obvious. You need to click the create an account option, select credit card and there is then an option to add an existing card.

  • P Plater Panda on 17/08/2023 - 09:04

    Just got my first statement. Just wondering when will the 25k pts be credited? Would like to confirm if all spend made were eligible before starting the second month. Thanks.

    • bohn on 17/08/2023 - 10:31
      +1

      you'll see it mention the points on the statement so you will know if you met the requirements.

      Bonus Points Earned this statement period

      They are usually credited same day or next.

      • P Plater Panda on 17/08/2023 - 10:35

        Thanks!

        • Pikaloo on 20/08/2023 - 20:18

          I don't see any line saying

          Bonus Points Earned this statement period

          Do you see it?

          • P Plater Panda on 20/08/2023 - 20:24

            @Pikaloo: The points came up in my Velocity account.

            • Pikaloo on 20/08/2023 - 20:26

              @P Plater Panda: Thanks, how long after the statement was issued did you receive it. It's been 4 days since my estatement was issued and no points yet.

              • P Plater Panda on 20/08/2023 - 20:36

                @Pikaloo: It appeared on the day of statement. In fact I haven't checked my statement since I saw it in the Velocity account.

          • bohn on 20/08/2023 - 21:14

            @Pikaloo: underneath 'Points Earned this statement period'

  • timhn on 25/08/2023 - 07:59

    Hrm, I have a VM go/transaction account but, unlike a normal bank setup, i can't pay directly into the VM credit card even through i see both of them in my app. Must pay via Bpay like from an external account.

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