Our verdict

Offers up to 80,000 bonus Velocity Points, but you’ll need to meet 2 monthly spend requirements to get them all.

Finder Awards winner

The Velocity High Flyer Card is Virgin Money’s premium frequent flyer product. It has a good earn rate of 1 point per $1 on eligible purchases up to $8,000 per month, then 0.5 points per $1 spent for the rest of the statement period. You'll also earn additional 2 points for every $1 spent directly with Virgin Australia.

This card's annual fee is on par with similar frequent flyer credit cards. But you'll still need to think about whether perks like the annual Virgin Australia Gift Voucher, 20% bonus Status Credits on Virgin Australia flights each year, lounge invitations and points will be enough for you to justify the cost.

Pros

Up to 80,000 bonus Velocity Points
Up to 100 bonus Status Credits each year
Yearly $129 Virgin Australia Gift Voucher
2 complimentary single-entry Virgin Australia domestic lounge passes per year
1 Velocity Point per $1 on eligible spending up to $8,000 per statement period, then 2 points per $1

Cons

Bonus point spend requirement is staggered over the first 2 months
Relatively high 20.74% p.a. interest rate for purchases
3.3% foreign transaction fee
No interest-free days on purchases if you have a balance transfer

The Virgin Australia Velocity High Flyer Card earns Velocity Frequent Flyer Points per $1 on your eligible spending, a yearly $129 Virgin Australia Gift Voucher, bonus Status Credits on eligible Virgin Australia flights, lounge passes and other perks. It has a $329 annual fee, making it suited to points chasers and big spenders. Right now, it offers 40,000 bonus Velocity Points each month when you apply and spend at least $3,500 on eligible purchases for the first 2 months from card approval – up to a maximum 80,000 bonus points.

Details

Product details

Product Name	Virgin Australia Velocity High Flyer Card
Balance transfer rate p.a.	0% for 12 months, then 20.99%
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a. 20.74%
Interest-free period	Up to 44 days on purchases
Cash advance rate p.a.	20.99%
Min credit limit	$15,000
Max credit limit	$100,000
Card type	Visa

Eligibility

Available to temporary residents	No
Minimum income	$75,000
Joint application	No

Rewards

Rewards program	Velocity Frequent Flyer
Bonus points	80,000
Rewards points per $ spent	1

Fees

Annual fee	Annual fee $329
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	Foreign currency conversion fee 3.3%
Cash advance fee	2.7% or $2.70, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$89
Number of additional cardholders	4

Congratulations, Virgin!

Virgin Australia Velocity High Flyer Card won the award for 'Frequent Flyer Credit Card – Velocity' in the 2024 Product Awards.

Full list of 2024 winners

How to apply

You can apply for the Virgin Australia High Flyer Credit Card online in 10 minutes. Check that you meet the eligibility criteria and have the following details handy before you get started.

Eligibility criteria

Minimum income. Applicants must earn $75,000 per year or more.
Residency. You must be an Australian citizen or permanent resident.

Credit history. You must have a good credit score. You can check your comprehensive credit report and score for free through Finder.
New cardholder. The bonus points offer is only available to new customers.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, email address, date of birth, driver's licence number, marital status, number of dependents and contact number.
Income. You'll need to include how much you earn and attach recent copies of payslips or bank statements.
Frequent Flyer number. You'll need to include your Velocity Frequent Flyer number so that your points can be credited to your account.
Balance transfer details. If you plan on taking advantage of the introductory balance transfer offer, you will need the name of the institution, account number and amount to be transferred.

Card benefits

Up to 80,000 bonus Velocity Points. Upon activating your Virgin Australia Velocity High Flyer Card, you will earn 40,000 bonus points every month when you apply, are approved and spend at least $3,500 on eligible purchases for the first 2 months. This means you could earn up to a total of 80,000 bonus Velocity Points.
Annual $129 Virgin Australia gift voucher. Each year, you can get a $129 Virgin Australia gift voucher with this card. All you need to do is make an eligible purchase on your card within 2 months before requesting the voucher, which will be issued as a Travel Bank Credit. You'll then have 12 months to use the credit on eligible flights or travel services booked through the Virgin Australia website.

Velocity Points earn rate. Earn 1 Velocity Point per $1 spent on eligible purchases up to $8,000 per month, then 0.5 Velocity Points for every $1 spent thereafter (uncapped). You'll also get 2 extra points per $1 spent on purchases made directly with Virgin Australia You can redeem your Velocity Points for flights, merchandise through the Velocity Rewards store and other travel expenses.
Bonus Status Credits. You'll get 20% bonus Status Credits on eligible Virgin Australia flights paid in full with your Virgin Australia Velocity High Flyer Card, up to 100 bonus Status Credits each year. This will be earned within 60 days of the allocation of your base Status Credits to your Velocity account.
2 complimentary Single Entry Virgin Australia domestic Lounge passes. Each year, the passes will appear in your Velocity account as an anniversary present from Virgin Money and are valid until your next card anniversary. Benefits will vary, but you can usually expect dedicated check-in, complimentary food and beverages, work spaces and comfortable seating in Virgin Australia lounges.
Complimentary insurance. You can travel with peace of mind and save on travel costs with complimentary international travel insurance and domestic travel insurance. Purchases made using the Visa card are also protected with purchase protection insurance and extended warranty insurance.
Balance transfer offer. If you are approved for the card, you can take advantage of a balance transfer offer where you are charged 0% p.a. for 12 months. At the end of the promotional period, any unpaid balances will then attract the variable cash advance rate of 20.99% p.a. You can transfer up to 80% of the approved credit limit from non-Virgin Money accounts.
Mobile wallets. You can link your account to Samsung Pay, Google Pay and Apple Pay and use your eligible device to make contactless payments.

Rates & fees

Annual fee. This card charges a $329 annual fee.
Interest rate. You will be charged 20.74% p.a. interest on purchases, while cash advances attract a 20.99% p.a. interest rate.

Interest-free days. If you pay your balance in full by the statement due date, you can save with up to 44 interest-free days. Interest-free days don't apply if you're paying off a balance transfer.
Additional cards. You can request up to 4 additional cards, but are charged $89 a year for each.
Credit limits. The credit limit for this card starts at $15,000 and can go as high as $100,000, depending on your income and credit history.
Foreign transaction fee. If you use this card to make purchases online or overseas in a foreign currency, you will be charged a conversion fee of 3.3% of that amount.

Sources

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Louise

November 13, 2024

Can you earn points when paying Land Tax to the ATO?

Angus Kidman Finder

November 14, 2024

Hi Louise, Land tax isn’t paid to the ATO, as it is levied by states, not the federal government. That said, the Velocity High Flyer doesn’t let you earn points for any government transaction. If you want to earn points while paying tax, check out our detailed guide on your options.

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Grant

November 08, 2024

We had a Virgin Money Velocity Card two years ago. Am I still eligible for the 80,000 bonus points?

Richard Whitten Finder

November 10, 2024

Hi Grant,

I have been unable to find any info in the fine print of the card terms and conditions that specify a length of time in order to qualify as a “new” customer. I suggest contacting Virgin directly about this one.

Lisa

July 09, 2024

How do I get the additional 100 status credits?

Sarah Megginson Finder

July 17, 2024

Hi Lisa,

You can get 20% bonus Status Credits on eligible Virgin Australia flights that you pay in full with your Virgin Australia Velocity High Flyer Card, up to 100 bonus Status Credits each year. This will be earned within 60 days of the allocation of your base Status Credits to your Velocity account.

So, if you purchase a flight and earn 30 status credits, you’ll be awarded an additional 6 credits. You can do this up to a limit of 100 bonus credits per year.

Hope this helps!

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Kaitlin

February 21, 2024

I’d like to see the details and terms/conditions on the travel insurance provided. Is there a contact number I can speak to someone before I apply?

Sarah Megginson Finder

May 17, 2024

Hi Katilin,

You can review the terms and conditions in the PDS.

Contact details if you wish to call or phone are in the PDS as well.

Hope this helps!

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Joe

January 29, 2024

If I have a Virgin Australia Velocity Flyer Card (silver card), would I still be eligible for the this cards bonus points offer?

Thanks.

Amy Bradney-George Finder

January 29, 2024

Hi Joe,

Unfortunately, this offer is not available to existing Virgin Money credit card customers. If you’re interested in a new card, you can compare other other cards offering bonus Velocity Points on Finder. I hope this helps.

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Virgin Australia Velocity High Flyer Card

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Congratulations, Virgin!

How to apply

Eligibility criteria

Required documents

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