Virgin Australia Velocity Flyer credit card – 0% p.a. balance transfer for 24 months, $0 first year
With the Virgin Australia Velocity Flyer shift high-interest debt to 0% p.a. for 24 months, enjoy a $0 first-year annual fee and earn Velocity Points to fund your next Aussie trip
Why the Velocity Flyer should be on your radar
The Virgin Australia Velocity Flyer credit card is built for Aussies who want to shift high-interest balances and still earn travel rewards. With a headline offer of 0% p.a. on balance transfers for 24 months and a $0 first-year annual fee, it’s a smart tool to tackle debt while collecting Velocity Points for your next domestic or regional trip.
It’s straightforward to use: transfer existing card debt, stick to a repayment plan across the interest-free period and avoid new cash advances. The combination of a long 0% p.a. balance transfer term and travel perks makes this card appealing for regular flyers and anyone looking to escape high interest rates.
Balance transfer mechanics and typical fees
The balance transfer rate is 0% p.a. for 24 months, which gives you breathing room to repay without interest compounding. Keep in mind purchases still attract the standard purchase rate, and interest-free days on new buys don’t apply while a transferred balance remains unpaid.
After the first $0 annual fee year, the fee is $149 per year, but the card also includes a $129 Virgin Australia gift voucher annually if you meet the spend conditions. Standard fees like a 3.3% foreign currency fee, cash advance charges and late payment fees apply, so plan card use for travel and consolidation, not for cash draws.
How to earn and spend Velocity Points smartly
Cardholders typically earn Velocity Points on eligible spend, which you can redeem for flights, upgrades, seat choices and partner rewards. Using the card for everyday bills, groceries and big travel bookings accelerates point accrual and moves you closer to free or discounted domestic flights across Australia.
Redeem points strategically during off-peak windows or for upgrades to get the best value per point. Pair points with promotional seat sales and Velocity status upgrades to squeeze maximum travel value from routine spending and the annual voucher that offsets ongoing costs.
Applying, eligibility and practical Aussie tips
Applications are quick online; you’ll need ID, proof of income and basic financial information. Typical eligibility includes being over 18, an Australian resident and meeting the minimum income criteria. Make sure your credit profile supports the requested limit to increase approval odds.
Use the 24-month 0% p.a. window to clear balances — set automated repayments and avoid adding new large purchases to keep interest off. Consider adding an authorised user for $39 to boost point earning, and set travel goals so the Velocity Points you earn actually turn into flights around Australia and nearby destinations.