Virgin Money

Credit Services Disclaimer 

You should consider if the credit card is suitable for you before applying. A range of credit products are available to help you earn Velocity frequent Flyer points. Neither Velocity Frequent Flyer (VFF) nor Virgin Airways (VA) is suggesting you should apply for a particular product with a particular provider. You should consider the available options and select an option you consider is appropriate for you. 

To obtain a copy of the Target Market Determination (TMD) related to this product click here

Credit Cards:

1. Virgin Australia Velocity High Flyer Card 80,000 bonus Velocity Points offer
Up to 80,000 bonus Velocity Points offer is available to new approved Virgin Australia Velocity High Flyer Card account holders who apply by 14 May 2024. 40,000 bonus Velocity Points will be awarded for every month $3,500 or more is spent on eligible purchases for first 2 months from card approval (spend period).  Purchases must be processed and charged to your account in the relevant month to count toward your monthly spend. An eligible purchase means any purchase excluding Cash Advances, Balance Transfers, Special Promotions, refunds and chargebacks, purchases of foreign currency and travellers cheques, transactions made in operating a business, fees and charges such as interest and ATM charges. Please note that if you have a balance transfer, you will be charged interest on any spend you make. Credit Card application must be submitted through this page. Points will be credited to the Primary Cardholder's Velocity account up to 60 days after the qualifying purchases. To earn and redeem Velocity Points there must be an active Velocity Frequent Flyer membership linked to the Virgin Australia Velocity High Flyer Card account. Velocity membership Terms and Conditions apply. This offer can't be used in conjunction with other Virgin Australia Velocity High Flyer Point promotions or offers. Offer is not available to existing Virgin Money Credit Card holders (including upgrades).

2. Virgin Australia Velocity Flyer Card 60,000 bonus Velocity Points offer
Up to 60,000 bonus Velocity Points offer is available to new approved Virgin Australia Velocity Flyer Card account holders who apply by 14 May 2024.30,000 bonus Velocity Points will be awarded for every month $1,500 or more is spent on eligible purchases for first 2 months from card approval (spend period).  Purchases must be processed and charged to your account in the relevant month to count toward your monthly spend. An eligible purchase means any purchase excluding  Cash Advances, Balance Transfers, Special Promotions, refunds and chargebacks, purchases of foreign currency and travellers cheques, transactions made in operating a business, fees and charges such as interest and ATM charges. Please note that if you have a balance transfer, you will be charged interest on any spend you make. Credit Card application must be submitted through this page. Points will be credited to the Primary Cardholder's Velocity account up to 60 days after the qualifying purchases. Velocity membership Terms and Conditions apply. This offer can't be used in conjunction with other Virgin Australia Velocity Flyer Point promotions or offers. Offer is not available to existing Virgin Money Credit Card holders (including upgrades).

Virgin Australia Velocity High Flyer and/or Flyer Credit Cards

3. Earn Rates 
Standard Velocity Point earn rate on the Virgin Australia Velocity High Flyer Card is 1 Point per dollar spent on Eligible Transactions on your first $8,000 spend per monthly statement period, then 0.5 Points per dollar spent on Eligible Transactions per monthly statement period thereafter. Standard Velocity Point earn rate on the Virgin Australia Velocity Flyer Card is 0.66 Points per dollar spent on Eligible Transactions on your first $1,500 spend per monthly statement period, then 0.5 Points per dollar spent on Eligible Transactions per monthly statement period thereafter. Velocity Points are earned on Eligible Transactions only. Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellerscheques, transactions made in operating a business, fees and charges such as interest and ATM charges and government related transactions. Government related transactions include 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). See Velocity Rewards Program for High Flyer and Flyer Cardholders Terms and Conditions for full details and definition.

4. $129 Virgin Australia Gift Voucher 
The Virgin Australia Gift Voucher is available to Primary Cardholders only and provides one Virgin Australia Gift Voucher to the value of $129 (AUD) each year, in the form of a $129 travel credit in a Virgin Australia Travel Bank. You will become eligible for your $129 Virgin Australia Gift Voucher 30 days after card approval in your first year and 30 days after your card anniversary thereafter provided you have made a retail purchase as the Primary Cardholder in the 2 months prior to requesting your voucher online at online at https://virginmoney.com.au/products/credit-card/gift-voucher, your account is active and in good standing and you are a Velocity Frequent Flyer member. Gift voucher is not redeemable for cash and is not reloadable. See Virgin Australia Gift Voucher Benefit Terms & Conditions and Terms of use for full details.

5. Complimentary Lounge Pass 
The complimentary Lounge pass benefit is available to Primary Virgin Australia Velocity High Flyer Cardholders only and provides two Single-Entry Virgin Australia domestic Lounge passes each year. You will become eligible for your two Single-Entry Virgin Australia domestic Lounge passes upon card activation in your first year and then each anniversary thereafter. See Virgin Australia Lounge Pass Benefit Terms & Conditions for full details. Get the latest information on Virgin Australia lounge access. The Virgin Australia lounge is operated by Virgin Australia Airlines Pty Ltd in selected domestic airports in accordance with the Virgin Australia Lounge Terms and Conditions, and as amended from time to time.

6. Balance Transfer  
Your total Balance Transfers may not exceed 80% of your credit limit. The Balance Transfer interest rate applies to balances transferred with this offer for the period shown, from the date the Balance Transfer is processed. At the end of the balance transfer period, the interest rate on any outstanding transferred balance will revert to the interest rate for cash advances, currently 20.99% p.a. on the Virgin Australia Velocity Flyer Card and Virgin Australia Velocity High Flyer Card. Interest rates are variable and subject to change. The interest rates are current as at 5 March 2024 . This offer is valid until 14 May 2024. Post this advertised date; Virgin Money reserve the right to continue, withdraw or change the offer at any time without notice. Please note that unless advertised otherwise, you are not entitled to any interest free days whilst you have a balance transfer. This means that all spend will be charged interest at the applicable ongoing purchase rate. Velocity Points are not issued on Balance Transfers. View more information about Balance Transfers.

7. Annual Fee  
Virgin Australia Velocity Flyer Card half annual fee offer is available to new customers that apply by 4 March 2024. The annual card fee is $74 for the first year, then $149 will be charged on the anniversary of your card account being opened with Virgin Money.

Home and Content Insurance

11. Offer of 10,000 Velocity Frequent Flyer Points (Velocity Points) is available to eligible customers who purchase a new combined Virgin Home and Contents Insurance policy and have not previously received points for that same policy (not available for renewals). This offer is valid for new policy purchases from 27 March 2024 to 30 September 2024 and is subject to change or removal at the discretion of Virgin Money. Offer is not valid to customers who purchased through Compare the Market, Choosi, iSelect, Finder, Canstar, Infochoice or Mozo. A valid Velocity membership number must be provided at the time of application. If you’re not a Velocity member you can join Velocity for free.

Maximum of 10,000 Velocity Points per policy. In order to receive the Points, the policy holder’s name must match the Velocity name and account number provided. Eligible policy holders will be entitled to up to 10,000 Velocity Points, subject to the following conditions: the policy holder will be entitled to 10,000 Velocity Points if the insurance is held for at least 65 days (credited to the eligible Velocity Account up to 90 days after the policy has been purchased); The Velocity Membership Terms and Conditions apply.  The Velocity Membership Terms and Conditions apply. 

This offer cannot be used in conjunction with any other Virgin Money Home and Contents Insurance offers, is not redeemable for cash and is not transferrable.

Exclusions and conditions apply. See the Product Disclosure Statement  (PDS) and Target Market Determination (TMD) for full details. Approved applications only.

12. The discounts apply to new Virgin Home and Contents Insurance Price Saver policies purchased online on or after 30 March 2017. We reserve the right to change the offer without notice. Base rate premiums subject to change. The discount does not apply to any renewal offer of insurance. Discount applies only to the insurance portion of the premium before any fees, charges or levies that may apply. This may impact the full extent of the discount.

This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. As we don't know your financial needs we can't advise if this insurance will suit you. Please consider your needs and the relevant Key Fact Sheets, Product Disclosure Statement  (PDS), Target Market Determination (TMD), and Financial Services Guide  (FSG)  before deciding whether to buy or continuing to hold this product. 

Promoter: Virgin Money (Australia) Pty Limited (Virgin Money) Authorised Representative No. 280884 of Virgin Money Financial Services Pty Ltd AFSL 286869. Auto & General Services Pty Ltd (AFSL 241411) arranges the insurance on behalf of the product issuer Auto & General Insurance Company Ltd (AFSL 285571)(Auto & General).  Auto & General pays Virgin Money a commission which is a percentage of your premium. For further details see the Financial Services Guide (FSG). View a copy of the PDS and Financial Services Guide at virginmoney.com.au.

The financial services material on this webpage has been prepared by Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 AFSL 286869 and not by Velocity Frequent Flyer Pty Ltd (VFF) or Virgin Australia (VA). VFF and VA do not hold an Australian Financial Services Licence to provide financial product advice and does not exercise control over the Financial Services content of this webpage. VFF does not take responsibility for any financial product advice contained webpage.

Car Insurance

13. Offer of up to 10,000 Velocity Frequent Flyer Points (Velocity Points) is available to eligible customers who purchase a new Virgin Car Insurance comprehensive policy and have not previously received points or other acquisition offer for that same policy number (not available for renewals). This offer is valid for new policy purchases from 27 March 2024 to 30 September 2024 and is subject to change or removal at the discretion of Virgin Money. Offer is not valid to customers who purchased through Compare the Market, Choosi, iSelect, Finder, Infochoice, Canstar or Mozo. A valid Velocity membership number must be provided at the time of application. If you’re not a Velocity member you can join Velocity for free.

Maximum of 10,000 Velocity Points per policy (even if multiple cars are insured under a single policy). In order to receive the Points, the policy holder must be the main driver and their name must match the Velocity account name and membership number provided. Eligible policy holders will be entitled to up to 10,000 Velocity Points, subject to the following conditions: the policy holder will be entitled to 10,000 Velocity Points if the insurance is held for at least 65 days (credited to the eligible Velocity Account up to 90 days after the policy has been purchased); The Velocity Membership Terms and Conditions apply. The Velocity Membership Terms and Conditions apply. 

This offer cannot be used in conjunction with any other Virgin Money Car insurance offers, is not redeemable for cash and is not transferable.

Exclusions and conditions apply. See the Product Disclosure Statement (PDS) and Target Market Determination  (TMD) for full details. Approved applications only. 

14. The discounts apply to the premium paid for a new Virgin Car Insurance Price Saver policy initiated online on or after 30 March 2017. The discount applies to Comprehensive, Third Party Property and Third Party Fire and Theft Car policies. We reserve the right to change the offer without notice. Base rate premiums subject to change. The discount does not apply to any renewal offer of insurance. Discount applies only to the insurance portion of the premium before any fees, charges or levies that may apply. This may impact the full extent of the discount.

This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. As we don't know your financial needs we can't advise if any of these products will suit you. Please consider the relevant Product Disclosure Statement (PDS), Target Market Determination (TMD), and Financial Services Guides (FSG) deciding whether to buy or continuing to hold this product.   Any discounts on both new and renewing policies only apply to the extent that any minimum premium isn't reached.

PROMOTER DISCLAIMER  
Promoter: Virgin Money Australia, a division of Bank of Queensland Limited ABN 32 009 656 740, Australian Credit Licence 244616 (“BOQ”), promotes and distributes the Virgin Money Credit Cards ("Credit Cards"). National Australia Bank Limited ABN 12 004 044 937 Australian Credit Licence 230686 (“NAB”) is the credit provider and issuer of the Credit Cards. NAB has acquired the business relating to these products from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to assist to administer the Credit Cards. BOQ does not and will not guarantee or otherwise support NAB’s obligations under the contracts or agreements connected with the Credit Cards.

The financial services material on this webpage has been prepared by Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 AFSL 286869 and not by Velocity Frequent Flyer Pty Ltd (VFF) or Virgin Australia (VA). VFF and VA do not hold an Australian Financial Services Licence to provide financial product advice and does not exercise control over the Financial Services content of this webpage. VFF does not take responsibility for any financial product advice contained webpage.

15. Virgin Money Super Offer Terms and Conditions

Velocity Points are available to new and existing Virgin Money Super customers. 1 Velocity Frequent Flyer Point will be awarded for every $5 of Net Super contribution during the Points Earn Period.  The maximum number of Velocity Points you may earn in respect of any financial year is 250,000 Velocity Points. The number of Velocity Points Virgin Money will allocate to you for a Points Earn Period is based on the net contributions in your Virgin Money Super account during that period. Points are allocated to your account approximately 3½ months after the Points Period end. See Virgin Money’s Super Engagement Program Page  for more details. To be eligible to earn Velocity Points for a given Points Earn Period, you must be a member of Virgin Money Super on the relevant Points Issue Date , you must have updated your Virgin Money Super account with your Velocity membership number, name and surname before the last business day of the relevant Points Earn Period; you must have had a superannuation guarantee contribution or a voluntary contribution received into your Virgin Money Super account during the relevant Points Earn Period and you must be an individual who is an Australian permanent resident or citizen and you must be an active member of Velocity Frequent Flyer. You must not have made a rollover out of your Virgin Money Super account in the 18 months before the relevant Points Issue Date.

Before you rollover or consolidate your superannuation, you should check to see if insurance or other benefits will be impacted or lost. Some funds may also charge withdrawal or exit fees. You should consider our Product Disclosure Statement . Please note this information does not constitute personal financial product advice, and you may wish to consult your financial adviser before making a decision about whether Virgin Money Super fits your objectives, financial situation and needs. If you are considering making voluntary contributions into your Virgin Money Super account, you should consider your personal circumstances, the impact of such contributions to your contribution caps, as well as associated taxation issues before making any decision on making voluntary contributions. Concessional tax rates do not apply on contributions which exceed government contribution limits. See the ‘How Super is Taxed’ section of the Virgin Money Super Product Guide and the contribution fact sheet on our website for more information about contribution types and limits.

This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. As we don't know your financial needs we can’t advise if Virgin Money Super will suit you.  Please consider the Product Disclosure Statement , Product Guide , Insurance Guide and Financial Services Guide  before taking any action in relation to your superannuation.

It is very important to note that superannuation is generally a long term investment. Past investment performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund.

To earn and redeem Velocity Points, you must be a Velocity member. Velocity Frequent Flyer issues Velocity Points on instruction from Virgin Money. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions , as amended from time to time. 

Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 (Virgin Money) provides and operates Virgin Money's Super Engagement Program. Virgin Money reserves the right to change or withdraw Virgin Money’s Super Engagement Program at any time in line with the Virgin Money Super Engagement Program Terms & Conditions. Virgin Money Super is a plan in the Mercer Super Trust ABN 19 905 422 981. Virgin Money Super is issued by Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533 AFSL 235906 as trustee of the Mercer Super Trust. For more information about Virgin Money Super, please refer to the PDS which is available free of charge on our website or by calling the Customer Care team on 1300 652 770.

The material on this webpage has not been prepared by Velocity Frequent Flyer Pty Ltd (VFF) or Virgin Australia (VA). VFF and VA do not hold an Australian Financial Services licence to provide financial product advice and does not exercise control over the material or take responsibility for any financial product advice. VFF and VA does not hold an Australian credit services licence and is not the licensee in relation to the credit activity being engaged in by the applicable Virgin Money credit licensee.