Virgin Money credit cards

You can save money with low introductory rates or earn Velocity Frequent Flyer points as you spend on your new credit card.

By   |   Verified by David Boyd   |   Updated 26th January 2022

Comparing Virgin Money credit cards

Virgin Australia Velocity High Flyer Credit Card

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.
  • 100 Velocity Frequent Flyer Status Credits when you spend $500 or more on Virgin Australia flight bookings made via www.virginaustralia.com within the first 4 months from card approval.
  • 0% p.a. for 12 months on balance transfers (1 % balance transfer fee applies). Reverts to cash advance rate of 21.69% p.a.
Virgin Australia Velocity Flyer Credit Card 28 Months Balance Transfer Offer

Virgin Australia Velocity Flyer Credit Card 28 Months Balance Transfer Offer

Balance transfer

28 months at 0% p.a.

Purchase rate

20.74% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% p.a. for 28 months on Balance Transfers with 0% balance transfer fee (reverts to Cash Advance rate of 20.99% p.a.).
  • $0 annual fee for the first year (reverts to $129 p.a. thereafter).
  • Receive $129 Virgin Australia Gift Voucher each year.

Pros

  • 0% interest on balance transfers for the first 28 months with no balance transfer fee.
  • First-year $0 annual fee.
  • $129 Virgin Australia Gift Voucher each year.

Cons

  • Purchase rate is 20.74% p.a.
Virgin Money No Annual Fee Credit 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

Virgin Money Low Rate Credit Card

Balance transfer

15 months at 0% p.a.

Purchase rate

11.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% p.a. for 15 months on Balance Transfers with 1% balance transfer fee. Reverts to Cash Advance rate 21.69% p.a. thereafter.
  • Save with $0 p.a. annual fee after your first year when you spend $9,600 or more in the previous 12 months on eligible transactions.
  • Low ongoing variable purchase rate of 11.99% p.a.

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.

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