This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
I'd like to use my bonus for:
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
I have not checked the waiting period for this bonus.
See the waiting rules for every Australian bank →What must I spend?
$3,000 within 60 days — about $1,500 per month.
Can I get the card?
The minimum credit limit is $6,000. This is the least the bank may let you borrow.
You must earn at least $35,000 a year.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
I do not have an end date for this offer.
Should I keep it after the first year?
Keeping the card costs $149 each year ($149 annual fee) — the first year was $149.
The year-two bonus is 20,000 Velocity points.
Ongoing earn: 0.66x Velocity points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $149/yr.
Recorded benefits
Reward use
Ways to turn points into value.
- Points Transfer Benefits Compare across cards →Earn 0.66 Velocity Points per $1 spent on Eligible Transactions up to $1,500 each statement period, then 0.5 Velocity Points per $1 thereafter; points credited to your linked Velocity Frequent Flyer account
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Earn 0.66 Velocity Points per $1 spent on Eligible Transactions up to $1,500 each statement period, then 0.5 Velocity Points per $1 thereafter; points credited to your linked Velocity Frequent Flyer account
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Purchase Protection Insurance Compare across cards →90 days complimentary insurance against loss, theft or accidental damage on purchases made with the Flyer Credit Card.
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90 days complimentary insurance against loss, theft or accidental damage on purchases made with the Flyer Credit Card.
- Extended Warranty Insurance Compare across cards →Extended warranty insurance for up to 12 months in addition to the covered product's Australian warranty period on eligible purchases made with the Flyer Credit Card.
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Extended warranty insurance for up to 12 months in addition to the covered product's Australian warranty period on eligible purchases made with the Flyer Credit Card.
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Flight Discounts Compare across cards →$129 Virgin Australia Gift Voucher each year as a Virgin Australia Travel Bank credit, available after making a retail purchase in the 2 months prior to requesting the voucher.
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$129 Virgin Australia Gift Voucher each year as a Virgin Australia Travel Bank credit, available after making a retail purchase in the 2 months prior to requesting the voucher.
Account management
Tools for running the account — repayment helpers, not reward value.
- Interest Free Periods Compare across cards →Up to 44 days interest free on retail purchases when the balance is paid in full each month, excluding cash advances and balance transfers.
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Up to 44 days interest free on retail purchases when the balance is paid in full each month, excluding cash advances and balance transfers.
- Rewards Program Elite Status Compare across cards →Earn Velocity Frequent Flyer Points on eligible everyday spend: 0.66 points per $1 up to $1,500 each statement period, 0.5 points per $1 thereafter, plus 1 extra point per $1 spent directly with Virgin Australia.
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Earn Velocity Frequent Flyer Points on eligible everyday spend: 0.66 points per $1 up to $1,500 each statement period, 0.5 points per $1 thereafter, plus 1 extra point per $1 spent directly with Virgin Australia.
- Concierge Service Compare across cards →24/7 access to Visa Platinum Concierge Service for personal assistance with travel, dining, and entertainment bookings.
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24/7 access to Visa Platinum Concierge Service for personal assistance with travel, dining, and entertainment bookings.
- Digital Wallet Integration Compare across cards →Card can be linked to Apple Pay, Samsung Pay and Google Pay for contactless payments
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Card can be linked to Apple Pay, Samsung Pay and Google Pay for contactless payments
- Online Banking Features Compare across cards →Manage the card via the Virgin Money app: lock/unlock the card instantly, set or change PIN, track spending and transfer funds
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Manage the card via the Virgin Money app: lock/unlock the card instantly, set or change PIN, track spending and transfer funds
- Installment Plans Compare across cards →Virgin Money Instalment Plan available to manage repayments on the credit card
This is a repayment plan. It does not add reward value.
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Virgin Money Instalment Plan available to manage repayments on the credit card
- Balance Transfer Offers Compare across cards →Balance transfer option available on the card; specific terms not stated on this page
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Balance transfer option available on the card; specific terms not stated on this page
51,980 Velocity points at 1.7¢ a point − $149 in first-year fees. This is flight value, not cash. It assumes you earn the bonus and pay in full.
This offer has ended. I keep this page so you can check the old terms.
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
Did this help you make a decision?
25,000 points for each month you spend $1,500 or more on eligible purchases in the first 2 months from card approval. 129 Virgin Australia Gift Voucher, each year17,when you make a retail purchase in the 2 months prior to requesting the voucher.
Terms and evidence
Full current terms
Offer terms
First Year Points
50,000 points
Velocity
Second Year Points
20,000 points
With $149 annual fee
Minimum Spend
$3,000
within 60 days (about 2 months)
Cash Bonus
Ongoing Earn Rate
0.66x points per $1 spent
Fees
First Year Annual Fee
$149
Ongoing Annual Fee
$149
From year 2 onwards
Purchase Interest Rate
20.74% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Benefit history (3 changes)
- Balance Transfer OffersUpdated May 2026
- Points Transfer BenefitsUpdated May 2026
- Digital Wallet IntegrationUpdated May 2026
Offer terms history (9 versions — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 16 Oct 2026
Changes from terms version 8
Changes from terms version 7
Changes from terms version 6
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Expiration changed from 26/06/24 to 02/09/24, Annual Fee from $0 to $742 years ago
- Expiration changed from 14/05/24 to 26/06/24, Annual Fee from $74 to $02 years ago
- Expiration changed from 04/03/24 to 14/05/24, Annual Fee from $0 to $74, Second Year Annual Fee from 129 to 149, Notes from 25,000 points for each month you spend $1,500 or more on eligible purchases in the first 4 months from card approval. $129 Virgin Australia Gift Voucher, each year, when you make a retail purchase in the 2 months prior to requesting the voucher to 30,000 points for each month you spend $1,500 or more on eligible purchases in the first 2 months from card approval. 129 Virgin Australia Gift Voucher, each year17,when you make a retail purchase in the 2 months prior to requesting the voucher.3 years ago
- Annual Fee changed from $64 to $03 years ago
- Expiration changed from 31/01/24 to 04/03/243 years ago
- Expiration changed from 31/10/23 to 31/01/243 years ago
- Bonus lowered from 100k to 60k, spend lowered from $6k to $3k3 years ago
- Offer extended to 31 July 20233 years ago
- Increased annual fee to $129. Increased min spend to $60003 years ago
- Bonus decreased from 100k to 60k4 years ago
- Offer extended to 30th April 20234 years ago
- Offer changed from 60k points, to 100k points if you spend $1.5k every month for 4 months.4 years ago
Discussion
About these ended terms (published 5 Aug 2026) — not the current offer.
Community and personal tools
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