If you want to pay off an existing debt, this Virgin Australia Velocity Flyer offer gives you 0% interest on balance transfers for the first 24 months. You'll also save with a $0 annual fee in the first year. But if you're still repaying your balance transfer after the introductory period, you'll be charged interest at the cash advance rate – currently 20.99% p.a.
Virgin Australia Velocity Flyer Card – Balance Transfer Offer
![Virgin Australia Velocity Flyer Card - Balance Transfer Offer](https://www.finder.com.au/niche-builder/6643fb7c44efa.jpg)
- Balance transfer rate for 24 months with no balance transfer fee
- 0% p.a.
- Purchase rate
- 20.74% p.a.
- Reward points per $ spent
- 0.66
- Annual fee for the first year ($149 p.a. thereafter)
- $0 p.a.
Our verdict
This card offers 0% p.a. on balance transfers for 24 months and a $0 first-year annual fee, but no interest-free days on purchases while you have a balance transfer.
Pros
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0% p.a. interest on balance transfers for the first 24 months, with no BT fee
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$0 first-year annual fee ($149 p.a. after that)
-
$129 Virgin Australia Gift Voucher each year
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Velocity Points per $1 spent on eligible purchases
Cons
-
High 20.74% p.a. interest rate for purchases
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No interest-free days on purchases if you have a balance transfer
-
3.3% international transaction fee
Details
Product details
Product Name | Virgin Australia Velocity Flyer Card - Balance Transfer Offer |
Balance transfer rate p.a. | 0% for 24 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 55 days on purchases |
Cash advance rate p.a. | 20.99% |
Min credit limit | $6,000 |
Max credit limit | $100,000 |
Card type | Visa |
Eligibility
Available to temporary residents | No |
Minimum income | $35,000 |
Joint application | No |
Rewards
Rewards program | Velocity Frequent Flyer |
Bonus points | N/A |
Rewards points per $ spent | 0.66 |
Rewards points cap | Uncapped |
Fees
Annual fee | Annual fee $0 first year ($149 after) |
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 | $39 |
Number of additional cardholders | 4 |