Virgin Money is offering 0% p.a. for 22 months on Balance Transfers plus a reduced first year annual fee of $64 for new cardholders of the Virgin Money Flyer Visa until 2 December 2019.

With a minimum annual income requirement of $35,000, this is a great option for those on lower incomes.

The Virgin Money Flyer along with the High Flyer Visa are the semi-official credit cards of the Virgin Australia Velocity program, and each year offer a $129 Virgin Australia flight credit with both cards.

The flight credit can be used for bookings on Virgin Australia flights in any fare type (including sale fares) or selected Virgin Australia Holidays’ packages anytime within 6 months of voucher issue date. For those who tend to fly with Virgin Australia often, this substantially offsets the annual fee of the card.


Digging into the details of the Velocity Flyer Visa

The Flyer Visa earns 0.66 Velocity points per $ spent up to $1,500 per month on all eligible spend, and 0.5 points per $ after you hit the cap.

If you are intending to use this card as your main points earning card, you are likely to come up against the cap on the card, so it’s worth being aware of this.

The Flyer Visa card also exclude some ‘government-related transactions’ from earning points, which includes ‘transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example but not limited to transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court-related costs).

This is not ideal, as many larger transactions which would otherwise be good points-earners are ineligible. Bear this in mind if it will impact your ability to earn points from the card or being able to meet the minimum spend target for a bonus points offer. Do note however that there are other third party payment providers that will allow you to earn the full points on these types of charges for a fee, such as B2Bpay and RewardPay.

Card Details

CardVirgin Flyer Visa
Loyalty programVelocity Frequent Flyer
Points earned from spend0. 66 Velocity Points earned per $ spent with 0.5 Velocity point earned after monthly points cap is reached
Points cap1,500 points per month
Travel benefits$129 Virgin Australia credit
Included insuranceTransit Accident Insurance (PDS)
Overseas transaction fee3.30% of the converted amount
Minimum income requirement$35,000
Annual fee$129 p.a. standard annual fee
($64 for the first year until 30th November)

Included insurances with the Virgin Money Flyer Visa

Additional supplementary cardholders are charged $39 per year, and the card also comes with the following insurances:

  • Guaranteed Pricing Scheme
  • Transit Accident Insurance

The full PDS of the insurances available with the Virgin Money Visa is here.

This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.

The Virgin Australia $129 flight credit with the Virgin Money Visas

The key takeaways are that:

  • You’ll be able to use the credit on any booking made through the Virgin Australia website or over the phone, including all cabins and sale fares
  • The credit is delivered via an email voucher in PDF form, on-request and is valid for six months. The on-request system is useful, as it allows you to pick when you start your six-month period from which the voucher will expire
  • You can access this benefit after you have made a retail purchase in the two months prior to requesting your voucher
  • You can use your voucher for purchasing Virgin Australia flights on any fare type (including sale fares) either through the Virgin Australia website or by calling them on 13 67 89, or selected Virgin Australia Holidays’ packages only by calling Virgin Australia Holidays on 13 15 16
  • Here is the link to request your gift voucher

More details about the flight benefit are available on the Virgin Money website.

The Virgin Money & Citibank connection

Both the Virgin Money Flyer and High Flyer Visa cards are issued/administered by Citibank.

If you have recently taken up a Citibank offer, you may not be approved for the card. If you’ve ever used Citibank’s online account management system or experienced their customer service, you’ll be right at home with this account as it is a co-branded offering.

Summing up: Virgin Money Flyer Visa

The Virgin Money Flyer Visa may still have its place in the market for points-earning consumers. It’s a shame the card no longer earns bonus points from spend with Virgin Australia as it reduced the card’s appeal for the committed Virgin Australia flyer.

The card is likely to be best suited to those who are looking for limited spend on a Velocity-earning Visa/MasterCard, and who will use the $129 Virgin Australia credit to offset the annual fee further.

0% p.a. for 22 months on Balance Transfers with the Virgin Money Flyer Visa was last modified: October 1st, 2019 by Daniel Sciberras