Virgin Money Credit Cards

1. The Virgin Australia Velocity Flyer and High Flyer Cards Gift Voucher benefit is available to Primary Cardholders only and provides one Virgin Australia Gift Voucher to the value of $129 (AUD) each year. 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, your account is active and in good order and you are a Velocity Frequent Flyer Member. See Terms & Conditions and Terms of use for full details.

2. 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 Lounge Pass Terms & Conditions for full details.

3. Points may vary depending on the partner and time of purchase.

4. 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 statement period, then 0.5 Points per dollar spent on Eligible Transactions per 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 statement period, then 0.5 Points per dollar spent on Eligible Transactions per statement period thereafter. To earn and redeem Velocity Points, you must be a Velocity Frequent Flyer member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, as amended from time to time. 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 travellers cheques, transactions made in operating a business, bank 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 Rewards Program for High Flyer and Flyer Cardholders Terms and Conditions  for full details and definition.

5. . 60,000 bonus Velocity Points offer is available to new approved Virgin Australia Velocity Flyer Card (“VAVFC”) account holders who apply by 31 October 2018. 20,000 bonus Velocity Points will be awarded for every month $1,500 or more is spent on Eligible Transactions for 3 months from card approval. Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank 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 Rewards Program for High Flyer and Flyer Cardholders Terms and Conditions  for full details and definition. Please note that if you have a balance transfer, you will be charged interest on any spend you make. Points will be credited to the Primary Cardholders 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 VAVFC account. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, as amended from time to time. This offer can’t be used in conjunction with other VAVFC promotions or offers. Offer is not available to existing Virgin Money Credit Card holders (including upgrades).

6. 120,000 bonus Velocity Points offer is available to new approved Virgin Australia Velocity High Flyer Card (“VAVHFC”) account holders who apply by 31 October 2018. 40,000 bonus Velocity Points will be awarded for every month $3,000 or more is spent on Eligible Transactions for 3 months from card approval. Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank 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 Rewards Program for High Flyer and Flyer Cardholders Terms and Conditions for full details and definition. Please note that if you have a balance transfer, you will be charged interest on any spend you make. Points will be credited to the Primary Cardholders 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 VAVHFC account. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions , as amended from time to time. This offer can’t be used in conjunction with other VAVHFC promotions or offers. Offer is not available to existing Virgin Money Credit Card holders (including upgrades).

7. Complimentary Insurance is issued and managed by AGA Assistance Australia Pty Limited (trading as Allianz Global Assistance) (AFSL No. 245631 ABN 52 097 227 177), 74 High Street, Toowong QLD 4066 on behalf of the insurer Allianz Australia Insurance Limited (AFSL No. 234708 ABN 15 000 122 850). 2 Market Street, Sydney NSW 2000, and is subject to Terms, Conditions, and Exclusions. Some limits and excess may apply. Full Terms and Conditions are available here. With regards to Travel Insurance specifically, note that you must pay for your overseas flights with your Virgin Australia Velocity High Flyer Card in order for you, your spouse and any dependent children to be eligible for cover, and they must travel with you.

Promoter: Virgin Money (Australia) Pty Limited ABN 75 103 478 897 ("Virgin Money") Credit Representative number 369377 promotes and distributes the Virgin Money Credit Cards ("Credit Cards") as an authorised credit representative of Bank of Queensland Limited ABN 32 009 656 740 (“BOQ”), Australian credit licence 244616. Citigroup Pty Ltd ABN 88 004 325 080 ("Citibank") AFSL/Australian credit licence 238098 is the credit provider and issuer of the Credit Cards. BOQ does not and will not guarantee or otherwise support Citibank's obligations under the contracts or agreements connected with the Credit.

VIRGIN MONEY - REWARD ME HOME LOAN

The Lender's standard credit assessment criteria apply. Interest rates quoted are indicative only, and are subject to change without notice. See fees and charges that may be payable.

8. To earn and redeem Velocity Points, you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, as amended from time to time. Only the person listed as the Primary Borrower on the application will be eligible for Velocity Points, subject to meeting Virgin Money’s eligibility criteria.

9. Comparison rate calculated on a loan amount of $150,000 for a term of 25 years. These rates are for secured lending only. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates and fees are subject to change without notice. Comparison rate for Variable Interest Only loans are based on an initial 5 year Interest Only period. During an interest only period, your interest only payments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.

10. All new customers who apply, and are approved for a Reward Me Home Loan with LVR of 90% or below, between 27 August and 30 November 2018 (inclusive) and settle by 28 February 2019 will receive 2,000 Velocity Points for every full $10,000 drawn at settlement (normally 1,000 Velocity Points). LVR is the loan to valuation ratio of your loan. Velocity Points will be credited to the Primary borrower’s Velocity account only, up to 60 days after settlement.

11. 1,000 Velocity Points per loan account per month.

12. Anniversary Points, currently 30,000 Velocity Points, are allocated on every 3 year anniversary of the settlement date provided total borrowings are greater than $50,000 (net of any balances held in a linked offset facility). Points are only allocated once regardless of the number of split borrowings a Member has with Virgin Money and they must be a continuous Reward Me Home Loan customer during the period.

Virgin Money reserves the right to amend or withdraw this limited time offer early at its discretion and without notification, in line with Virgin Money’s Terms and Conditions.

Promoter: Virgin Money (Australia) Pty Limited ABN 75 103 478 897 promotes and distributes the companion account and the home loans as the authorised representative and credit representative of the issuer and credit provider, Bank of Queensland Limited ABN 32 009 656 740, Australian Credit Licence/AFSL 244 616 (the 'Lender').

13. VIRGIN MONEY – HOME AND CONTENTS INSURANCE

*Exclusions and conditions apply. See the Product Disclosure Statement for full details. Not available in Northern Territory, North Queensland and Northern Western Australia. Approved applications only.

Offer available to new and approved applicants only. The discounts apply to new Virgin Home and/or 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.  

Offer of up to 10,000 Velocity Points is available to eligible customers who purchase a new Virgin Home and/or Contents policy and have not previously received points for that same policy number (not available for renewals). This offer is valid for new policy purchases from 17 August – 31 October 2018 and is subject to change or removal at the discretion of Virgin Money. Offer is only valid if a valid Velocity membership number is 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 account name and membership number provided. Eligible policy holders will be entitled to up to 2 x 5,000 Velocity Points subject to the following conditions: the policy holder will be entitled to 5,000 Velocity Points if the insurance is held for more than 65 days (credited to the eligible Velocity Account up to 90 days after the policy has been purchased); the policy holder will be entitled to the remaining 5,000 Velocity points if the policy is still active 6 months after purchase (credited to the eligible Velocity Account up to 10 months after the policy was purchased).  This offer cannot be used in conjunction with any other Virgin Money Home and/or Contents Insurance offers, is not redeemable for cash and is not transferable. The Velocity Membership Terms and Conditions apply

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). As we don't know your personal financial situation, needs or objectives we can't advise if this insurance will suit you. Consider your needs and the Product Disclosure Statement (PDS) before making a decision to buy this product. 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.

14. Virgin Money - Comprehensive Car Insurance

*Exclusions and conditions apply. See the Product Disclosure Statement for full details. Insurance not available in the Northern Territory. Approved applications only.

Offer available to new and approved applicants only. The discount applies to the premium for new Virgin Money Car Insurance Price Saver policies initiated online on or after 30 March 2017 and 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.

Offer of up to 20,000 Velocity Points is available to eligible customers who purchase a new Virgin Car Insurance comprehensive policy  and have not previously received points for that same policy number (not available for renewals). This offer is valid for new policy purchases from 17 August 2018 – 31 October 2018 and is subject to change or removal at the discretion of Virgin Money.  Offer is only valid if a valid Velocity membership number is provided at the time of application. If you’re not a Velocity member you can join Velocity for free. Maximum of 20,000 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 20,000 Velocity to be awarded in two stages, 1 x 5,000 Velocity Points and 1 x 15,000 Bonus Velocity Points, subject to the following conditions: the policy holder will be entitled to 5,000 Velocity Points if the insurance is held for more than 65 days (credited to the eligible Velocity Account up to 90 days after the policy has been purchased); the policy holder will be entitled to the remaining 15,000 Bonus Velocity Points if the policy is still active 6 months after purchase (credited to the eligible Velocity Account up to 10 months after the policy was purchased). This offer cannot be used in conjunction with any other Virgin Money Car insurance offers, is not redeemable for cash and is not transferable. The Velocity Membership Terms and Conditions apply.

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). As we don't know your personal financial situation, needs or objectives we can't advise if this insurance will suit you. Consider your needs and the Product Disclosure Statement (PDS) before making a decision to buy this product. 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.


15. Virgin Money – Life Insurance and Income Protection

Applications subject to acceptance. Cover limits, exclusions and conditions apply. Premiums vary depending on personal circumstances and generally increase with age and cover.

This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. For this reason, you should consider the appropriateness of this information, having regard to your personal financial situation, needs and objectives as well as the Product Disclosure Statement and Financial Services Guide available on Virgin Money website before deciding whether to buy or continuing to hold this product.

 The following Velocity Points offers available to eligible customers who purchase a new Virgin Life Insurance or Virgin Income Protection Insurance policy and have not previously received points for that same policy number. This offer is valid for new policy purchases from 3 September – 31 October 2018 and is subject to change or removal at the discretion of Virgin Money. A valid Velocity membership number must be provided at the time of application in order to receive Velocity Points. If you’re not a Velocity member you can join Velocity for free.

OFFER 1: A maximum of 40,000 Velocity Points per policy applies (including where multiple people are insured under a single policy). Eligible policy holders will be entitled to up to 2 x 20,000 Velocity Points subject to the following conditions: In order to receive the Points, your minimum monthly premium must not be less than $130 per month per policy and you must hold the policy for a minimum of 10 months following the commencement date. The initial 20,000 Velocity Points will be credited to the eligible Velocity account up to 30 days after the first qualifying period of 6 months has elapsed.  The remaining 20,000 Velocity Points will be credited to the eligible Velocity account up to 30 days after the second qualifying period of 10 months has elapsed. The premium must remain the same or be of greater value than $130 per month per policy and all premiums must be paid and up to date during the qualifying periods.

OFFER 2: A maximum of 20,000 Velocity Points per policy applies (including where multiple people are insured under a single policy). Eligible policy holders will be entitled to 20,000 Velocity Points subject to the following conditions:  In order to receive the Points, your minimum monthly premium must not be less than $80 per month per policy and you must hold the policy for the qualifying period a minimum of 6 months following the commencement date of the policy. The 20,000 Velocity Points will be credited to the eligible Velocity account up to 30 days after the qualifying period of 6 months in a single lump sum.  The premium must remain the same or be of greater value than $80 per month per policy and all premiums must be paid and up to date during the qualifying period.

In order to receive the Points the policyholder’s name must match the Velocity name and account number provided. If the policy is issued in more than one name, then only one person may be nominated for receiving the Velocity Points. This offer cannot be used in conjunction with any other Virgin Money Life Insurance or Virgin Money Income Protection offers, is not redeemable for cash and is not transferrable. The Velocity Membership Terms and Conditions apply.

Virgin Income Protection and Life Insurance promoted by Virgin Money (Australia) Pty Limited ABN 75 103 478 897, authorised representative No 280884 of Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 AFSL 286869, and distributed by TAL Direct Pty Limited ABN 39 084 666 017 AFSL 243260. St Andrew's Insurance (Australia) Pty Ltd ABN 89 075 044 656 AFSL 239649 issues the Involuntary Unemployment Cover. All other benefits insured by TAL Life Limited ABN 70 050 109 450 AFSL 237848. For information about Virgin Money, TAL & St Andrew's please see the Product Disclosure Statement and Financial Services Guide.

16. VIRGIN MONEY 1 MILLION POINTS COMPETITION

The promotion commences at 10am (AEST) on 3 Sep 18 and closes at 11.59pm (AEST) on 31 Oct 18 (“Promotion Period”). Entry is open to Australian residents aged 18 years or over who purchase or apply for an Eligible Product during the Promotion Period (“Entrants”) and provide their Velocity Membership number by 23 Nov 18. For Virgin Money Credit Cards, the Entrant must be approved by 23 Nov. See full promotion Terms and Conditions. Promoter: Virgin Money (Australia) Pty Ltd ABN 75 103 478 897 of Level 8, 126 Phillip St, Sydney NSW 2000; 02 8222 8000. Permit No: NSW LTPS/18/27285; ACT TP18/01589, SA T18/1457.

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.