Virgin Credit Cards
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Free flight offer
Get the new Virgin Flyer Credit Card by September 30 2010, use it by October 15 2010 and we'll give you a free flight9.
Virgin Flyer Credit Card
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Virgin No Annual Fee Credit Card
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Credit cards explained
You’ve decided to get a credit card, so for your benefit the section below goes into detail about what a credit card is, how it works and things to be aware of.
What is a credit card?
A credit card is used to make purchases now and pay for them later. Any outstanding balance not paid in full by the due date will be carried over onto your account, with interest charged on your outstanding balance. You can avoid paying interest on purchases by paying your outstanding balance in full every month.
How does a credit card work?
Once you apply for a card and have your application approved, you’ll be issued with a card and set a credit limit. Your credit limit is the maximum amount you are allowed to borrow at any one time. It's important to keep your outstanding balance within this limit.
Monthly repayments
Once you've started spending, you'll receive a monthly statement showing how much you've spent. You have the option to pay off the whole amount, some of the amount you've borrowed, or the minimum amount, which is on your statement.
You get a set amount of days to pay off any purchases without being charged any interest at all. But this only applies when you pay your balance off in full each month.
If you make a balance transfer when you apply for your credit card, you can take as long as you like to pay it off, so long as you pay the minimum amount each month, which is on your statement. The balance transfer promotional interest rate will only apply to the outstanding amount of the balance your have transferred, and only for the balance transfer period. If you don't pay off your card balance by the due date on your first statement, for instance, because you are paying off a balance transfer over the balance transfer period, you won't be able to take advantage of the interest free days.
Credit used wisely
When used properly, credit cards are extremely useful. They let you have the things you want immediately, instead of having to save up, which often means you can take advantage of special offers or short-term deals. And they can be an absolute lifesaver in an emergency.
Just like any other money you borrow from mortgages to personal loans, credit cards have to be paid back, often with interest on top. Be careful not to treat your credit card as free money because spending more than you can afford to repay can lead to unwanted financial trouble.
When you’re thinking about applying for credit, take into consideration any other debts you may have. There’s no need to rush into buying anything if you are going to have difficulty affording it further down the track. Use your credit card wisely and enjoy the freedom it gives you.
Important informationThe things you need to know - Fees, charges, terms and conditions apply and are available upon request.
All interest rates shown are variable. This information is correct at 12 July 2010. You must be at least 18 years of age to apply for a credit card. You must also earn at least $20,000 p.a. for the No Annual Fee Credit Card or $50,000 p.a. for the Virgin Flyer Credit Card. Approval is subject to our credit criteria.
1. The maximum 44 days interest free period applies when you pay your balance off in full for 2 consecutive months. If you carry a balance on your credit card from month to month the 44 days interest-free period does not apply and you are charged interest once you make a purchase. No interest free period is available on Cash Advances or Balance Transfers.
2. Cash withdrawal limits, fees and charges may apply.
3. Velocity is owned and operated by Velocity Rewards Pty Ltd as trustee of the Loyalty Trust. Membership of Velocity and Points earn and redemption is subject to the Member Terms & Conditions, available at velocityrewards.com.au, as amended from time to time. Points are earned on eligible purchases only. Points cannot be redeemed on Virgin America.
4. Additional cardholder fees may apply. Primary cardholders are responsible for additional cardholder transactions and payments.
5. VISA Zero liability guarantee. Terms and conditions apply. See here for details.
6. No Annual Fee Credit Card Balance Transfer 2.9%p.a. interest rate applies to balances transferred with this offer at point of application, for a period of 6 months. Transferred balances are repaid first. At the end of the balance transfer period, your interest rate will revert to the Virgin No Annual Fee Credit Card APR for cash advances, currently 20.99% p.a. The current Virgin No Annual Fee Credit Card APR for retail purchases is 16.95% p.a. Interest rates are variable, subject to change and our credit criteria.
7. Virgin Flyer Credit Card Balance Transfer 6.9%p.a. interest rate applies to balances transferred with this offer at point of application, for a period of 6 months. Transferred balances are repaid first. At the end of the balance transfer period, your interest rate will revert to the Virgin Flyer Credit Card APR for cash advances, currently 20.99% p.a. The current Virgin Flyer Credit Card APR for retail purchases is 20.99% p.a. Interest rates are variable, subject to change and our credit criteria.
8. Terms & Conditions apply. Second seat for free offer provides 50% off Virgin Blue flights for you and a friend is valid for up to 4 sectors a year and in Blue Saver, Corporate Plus, Flexible and Premium Economy classes. Credit card payment fees apply to both Guests and are not discounted. Checked baggage charges apply to some fare types. New Virgin Blue Guest Contact Centre bookings made at least 21 days in advance only. Payment with Virgin Flyer Credit Card and/or Virgin Blue vouchers required. Seats must be booked in the same fare class and are subject to availability. Check out here further Terms & Conditions.
9. To be eligible for the free flight offer, you must apply for Virgin Flyer Credit Card by 30 September 2010 and make a retail purchase with the Virgin Flyer Credit Card by 15 Oct 2010. If eligible, the Primary Cardholder will receive a one-way Virgin Blue GO fare class flight to and from select destinations which do not include NT and WA. Flight must be booked through the Virgin Blue Guest Contact Centre within 3 months of first card spend. Redemption on new flight bookings only after 16 Aug 2010 and must be made at least 21 days in advance of travel. Free flight subject to availability and is not available on all routes. No Baggage allowance is included. Check out here for further terms and conditions.
10. 1,000 bonus Velocity Points offer is provided to new approved Virgin No Annual Fee Credit Card account holders on first retail purchase spend prior to 31 Dec 2010. There must be an active Velocity Membership linked to the Virgin No Annual Fee Credit Card account. This offer is valid until 31 Dec 2010 and is subject to change at the discretion of Virgin Money. Points will be credited to the Primary Cardholders Velocity Account up to 60 days after the qualifying retail purchase. This offer is not redeemable for cash, is non transferrable and can’t be used in conjunction with other Virgin No Annual Fee Credit Card points promotions or offers.