Virgin Money credit cards

Compare features, interest, fees, earn rates, bonuses, and benefits for Virgin Money’s credit cards. Get informed before applying.

By   |   Verified by David Boyd   |   Updated 3 Mar 2023

As seen on

Media - The Sydney Morning Herald
Media - Yahoo Finance
Media - News.com.au
Media - Daily Mail Australia
Media - Australian Fintech
Media - Dynamic Business

Comparing Virgin Money credit cards

Virgin Australia Velocity High Flyer Credit Card

Balance transfer

12 months at 0% p.a.

Purchase rate

20.74% p.a. ongoing

Annual fee

$289.00 p.a. ongoing

Highlights

  • Earn up to 100,000 bonus Velocity Points when you spend $3,500 on eligible purchases within 4 months of card approval. Terms and conditions apply.
  • 0% p.a. for 12 months on balance transfers (no balance transfer fee applies). Reverts to cash advance rate of 21.69% p.a.
  • Get an exclusive $129 Virgin Australia Gift Voucher each year. Terms and Conditions apply.

Pros

  • Earn up to 100,000 bonus Velocity Points when you meet the criteria.
  • Earn 1 Velocity Point per $1 spent on eligible transactions up to $8,000 and 0.5 points per $1 on spending thereafter.
  • Two single entry passes for Virgin Australia domestic lounges every year.
  • Flight voucher worth $129 each year.
  • Comes with International Travel Insurance and Extended Warranty Service.
  • Works with Apple Pay and Samsung Pay.

Cons

  • The ongoing annual fee of $289 p.a.
  • Earn rate is tiered, although the base tier is enough for more people.
  • Only up to 44 interest-free days on purchases.
  • There's an annual fee per additional card.
Virgin Money No Annual Fee Credit Card

Balance transfer

12 months at 0% p.a.

Purchase rate

12 months at 0% p.a.

Annual fee

$0.00 p.a. ongoing

Highlights

  • $0 annual fee for the life of the card.
  • Transfer your balance at 0% p.a. for 12 months on balance transfers (reverts to 20.99% p.a.)
  • 0% p.a. for 12 months on purchases (reverts to 18.99% p.a.)

Pros

  • No annual fee ever.
  • 0% p.a. interest rate for up to 12 months on balance transfers and purchases.
  • Up to 4 additional cards, also with $0 annual fee.

Cons

  • The revert interest rates for balance transfers and purchases are relatively high.
Virgin Money Low Rate Credit Card

Balance transfer

36 months at 0% p.a.

Purchase rate

11.99% p.a. ongoing

Annual fee

$99.00 p.a. ongoing

Highlights

  • 0% p.a. for 36 months on balance transfers with no balance transfer fee. Reverts to the cash advance rate at 21.69% p.a.
  • Low ongoing purchase rate of 11.99% p.a.
  • Up to 55 days interest-free on purchases.

Pros

  • 0% p.a. for 36 months on balance transfers.
  • No balance transfer fee.
  • Low ongoing interest rate on purchases at 11.99% p.a.
  • Compatible with Apple Pay and Samsung Pay.

Cons

  • If you want additional cardholders, it will cost $29 p.a. per cardholder.
  • Doesn't earn Velocity Points.

More about Virgin Money credit cards

Details about how their cards work and how you can make the most of yours.

  • FAQs

Can I get a Virgin Money credit card without switching from existing bank account?

Yes. Your credit card account and bank account are two separate entities. You can keep using your existing bank account as usual. You do not need to switch.

Do Velocity points expire?

Points do not expire as long as you maintain your Velocity membership. You can keep your account active by earning or redeeming points.

How are points transferred to my Velocity Frequent Flyer account?

Points are calculated at the end of each statement cycle. Points are automatically credited to the Velocity Frequent Flyer account within three business days of the end of a statement cycle.

How do I earn Velocity Frequent Flyer points with a Virgin Money card?

Customers will need apply for a card that earns points into the VFF scheme. Typically you can earn points on retail purchases as you spend on your credit card.

What can I redeem Velocity points for?

Domestic and international flights to numerous destinations with Virgin Australia, V Australia, Pacific Blue, Polynesian Blue and other international Velocity partners. You can also exchange Velocity Frequent Flyer points for accommodation at selected hotels and resorts, car rentals, gift cards and vouchers, and various other products.

What cards do they offer and who are they suited to?

The Virgin Money No Annual Fee credit card comes with no annual fee and up to 44 days interest-free on purchases, as well as a low balance transfer rate.

The Virgin Money Low Rate Card does have an annual fee, but the ongoing purchase rate is among the lowest in the marketplace.

The Virgin Australia Velocity Flyer Credit Card is a rewards credit card linked to the Velocity Frequent Flyer program and has a low balance transfer rate. The annual fee is higher than their no annual fee / low rate cards but this could be offset by the Velocity Points and flight benefits with Virgin Australia.

The Virgin Australia Velocity High Flyer Credit Card is a premium credit card offering valued customers a range of generous rewards and benefits. It does come with a higher annual fee however this is offset by benefits including one of the highest Velocity Points earn rates around, plus it’s uncapped. You’ll also receive a range of complimentary insurance, flight benefits and more.

Will I be able to manage my card online or via phone?

Yes. Virgin have online banking. You can use it to check your balance, view recent transactions, send a payment, etc. You can also manage your account via telephone.