Virgin Australia Velocity Flyer 0% balance transfer for 24 months first year free plus $129 flight voucher
Pay off existing debt with 0% balance transfers for 24 months, enjoy a waived first‑year fee and snag a $129 Virgin Australia flight voucher while racking up Velocity Points on everyday spending
Overview of the Virgin Australia Velocity Flyer
The Virgin Australia Velocity Flyer is a credit card built for Aussies who travel and want to get on top of existing debt. With a headline 0% balance transfer for 24 months and the first year fee waived, this card gives you breathing space to pay down high‑interest balances while still earning Velocity Points on everyday spend.
Designed for frequent flyers, the card pairs travel perks with practical finance features: a $129 Virgin Australia flight voucher each year and a competitive earn rate on eligible purchases. If you’re in Australia and want a travel‑focused balance transfer option, this card is worth a look.
Balance Transfer Offer and Fees
One of the standout benefits is the 0% p.a. balance transfer for 24 months — a clear way to save on interest and tackle debt. Keep in mind the purchase interest rate applies to new purchases (around 20.74% p.a.), and balance transfers may accrue a one‑off fee, so factor that into your repayment plan.
The first year annual fee is waived, then it reverts to AUD $149. You’ll also see a foreign transaction fee (about 3.3%) and usual card fees like late payment or cash advance charges. Overall, for debt consolidation plus travel perks, the numbers often stack up in your favour.
How to Earn and Use Velocity Points
Every dollar you put on the Virgin Australia Velocity Flyer earns Velocity Points, which you can redeem for flights, upgrades, and partner rewards. The card typically earns around 0.66 Velocity Points per $1 on eligible spend, so regular household bills, groceries and fuel can quickly add up.
Redeeming points is straightforward via the Velocity program — use them for reward seats on Virgin Australia, companion tickets or upgrade purchases. Couple the points earning with the $129 flight voucher to offset travel costs and make the card’s value clear for frequent travellers in Australia.
Who Should Apply and How to Apply
The card suits Australians looking to consolidate high‑interest credit card debt with a 0% balance transfer while still collecting travel rewards. You should meet the eligibility criteria — be 18+, Australian resident, and meet minimum income requirements — and you’ll want a plan to pay off the transferred balance within the 24‑month interest‑free window.
Applying is simple via the bank’s online portal; have ID, income proof and the details of any balances you want to transfer ready. Compare the balance transfer fee and any exit costs, then apply if the maths work: this credit card can be a smart move for travel lovers who also want to reduce interest bills.