Gift card value
$130 after fees
$350 in Coles gift cards · 80,000 Velocity points · spend $7,000 in 60 days
Available
I'd like to use my bonus for:
$350 in Coles gift cards (75,053 of 85,250 Velocity points; 10,197 left over) − $349 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
These terms are currently available (site published 12 Oct 2026).
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- Gift-card rates are the recorded redemption catalogue, rechecked at renewal.
Did this help you make a decision?
Can I get this?
This is a public offer.
Can I get this bonus if I have held a card before?
The bonus holding rule for this offer is unverified. Check the offer terms before applying.
See exclusion periods for every Australian issuer →What must I spend?
$7,000 within 60 days — about $3,500 per month. The terms on this page don't record when the clock starts or how long the bonus takes to arrive after you qualify — check the issuer terms for both.
Can I get the card?
$10,000 minimum credit limit — a lending commitment, not a reward fact.
$75,000 minimum annual income recorded.
Lending approval is separate from bonus eligibility: approval gets you the card, the conditions above get you the bonus.
How long is this available?
No recorded end date — this does not mean it never ends. Availability is rechecked against the issuer page.
What else makes the card useful?
Reward use
Ways to turn points into value.
- Points Transfer Benefits Compare across cards →Earn 0.75 Velocity Points per $1 spent on Eligible Transactions up to $5,000 each statement period, then 0.25 Velocity Points per $1; points credited to a linked Velocity Frequent Flyer account
Check membership, transfer ratios, minimums, and fees before choosing gift cards or flights.
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Earn 0.75 Velocity Points per $1 spent on Eligible Transactions up to $5,000 each statement period, then 0.25 Velocity Points per $1; points credited to a linked Velocity Frequent Flyer account
No source recorded for this benefit.Learn more
Purchase protection
Cover on things you buy with the card. Limits, excesses, and activation conditions apply.
- Extended Warranty Insurance Compare across cards →Extended warranty insurance of up to 12 months in addition to the covered product's Australian warranty period when purchases are made with the Velocity High Flyer Card.
Check how much extra cover it adds, which warranty lengths qualify, limits, and excess.
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Extended warranty insurance of up to 12 months in addition to the covered product's Australian warranty period when purchases are made with the Velocity High Flyer Card.
No source recorded for this benefit. - Purchase Protection Insurance Compare across cards →90 days complimentary insurance against loss, theft or accidental damage for purchases made with the Velocity High Flyer Card up to specified amounts worldwide.
Check the cover period, the card-payment condition, claim limits, and excess.
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90 days complimentary insurance against loss, theft or accidental damage for purchases made with the Velocity High Flyer Card up to specified amounts worldwide.
No source recorded for this benefit.
Travel
Travel cover and perks. Most need qualifying bookings or payment with the card.
- Flight Discounts Compare across cards →$129 Virgin Australia Gift Voucher each year when a retail purchase is made in the 2 months prior to requesting the voucher.
Check eligible fares and booking channels.
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$129 Virgin Australia Gift Voucher each year when a retail purchase is made in the 2 months prior to requesting the voucher.
No source recorded for this benefit. - Travel Insurance Compare across cards →Complimentary Domestic and International Travel Insurance for High Flyer cardholders covering unexpected events.
Check the cover period, the activation condition, and who counts as an insured person.
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Complimentary Domestic and International Travel Insurance for High Flyer cardholders covering unexpected events.
No source recorded for this benefit. - Lounge Access Compare across cards →2 visits/year · Virgin Australia
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Two single-entry Virgin Australia domestic Lounge passes each year (Primary Cardholders only); eligible upon card activation in the first year and each anniversary thereafter
No source recorded for this benefit. - Travel Credits Compare across cards →One $129 Virgin Australia Gift Voucher each year as a $129 travel credit in a Virgin Australia Travel Bank (Primary Cardholders only); requires a retail purchase in the prior 2 months and is requested online
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One $129 Virgin Australia Gift Voucher each year as a $129 travel credit in a Virgin Australia Travel Bank (Primary Cardholders only); requires a retail purchase in the prior 2 months and is requested online
No source recorded for this benefit.Learn more
Account management
Tools for running the account — repayment helpers, not reward value.
- Concierge Service Compare across cards →24/7 access to Visa Platinum Concierge Service for travel, dining, and entertainment assistance.
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24/7 access to Visa Platinum Concierge Service for travel, dining, and entertainment assistance.
No source recorded for this benefit. - Status Credits Compare across cards →20% Bonus Status Credits on Eligible Virgin Australia flights booked directly with Virgin Australia using the card (Primary Cardholders only), capped at 100 Bonus Status Credits each card anniversary year
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20% Bonus Status Credits on Eligible Virgin Australia flights booked directly with Virgin Australia using the card (Primary Cardholders only), capped at 100 Bonus Status Credits each card anniversary year
No source recorded for this benefit. - Digital Wallet Integration Compare across cards →Supports Apple Pay, Samsung Pay and Google Pay for contactless payments
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Supports Apple Pay, Samsung Pay and Google Pay for contactless payments
No source recorded for this benefit. - Online Banking Features Compare across cards →Manage the card via the Virgin Money app: track spending, lock/unlock the card instantly, set or change PIN, redeem rewards and transfer funds
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Manage the card via the Virgin Money app: track spending, lock/unlock the card instantly, set or change PIN, redeem rewards and transfer funds
No source recorded for this benefit. - Installment Plans Compare across cards →Virgin Money Instalment Plan available to manage credit card repayments
Check applicable charges and eligibility — a repayment plan, not reward value.
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Virgin Money Instalment Plan available to manage credit card repayments
No source recorded for this benefit.Learn more - Interest Free Periods Compare across cards →Interest-free period available on purchases
Interest-free terms change often — confirm the current days with the issuer before applying. This recorded term may be out of date.
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Interest-free period available on purchases
No source recorded for this benefit. - Balance Transfer Offers Compare across cards →Balance transfer options available
Check the rate, period, revert rate, and fees.
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Balance transfer options available
No source recorded for this benefit. - Rewards Program Elite Status Compare across cards →Earn Velocity Points on eligible spend: 0.75 points per $1 up to $5,000 per statement period, 0.25 points thereafter, plus 2 extra points per $1 spent directly with Virgin Australia.
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Earn Velocity Points on eligible spend: 0.75 points per $1 up to $5,000 per statement period, 0.25 points thereafter, plus 2 extra points per $1 spent directly with Virgin Australia.
No source recorded for this benefit.
Should I keep it after the first year?
Renewal costs $349 each year ($349 annual fee) — first year was $349.
Second year pays 20,000 Velocity points if you still hold the card into year two. The recorded terms don't detail the exact second spend hurdle — check the issuer terms before counting on it.
Ongoing earn: 0.75x Velocity points per $1.
Keeping pays off only if you meet the second-year conditions and use the points and benefits enough to cover $349/yr.
Year-two points aren't dollar-valued here: the redemption catalogue may change before renewal, so recheck the rate then.
Ordinary earn: 0.75 Velocity Points per $1 on eligible transactions up to $5,000 spend per Statement Period, then 0.25.
Terms and evidence
Full current terms
Offer terms
First Year Points
80,000 points
Velocity
Second Year Points
20,000 points
With $349 annual fee
Minimum Spend
$7,000
within 60 days (about 2 months)
Cash Bonus
Ongoing Earn Rate
0.75x points per $1 spent
Fees
First Year Annual Fee
$349
Ongoing Annual Fee
$349
From year 2 onwards
Purchase Interest Rate
21.99% p.a.
The value above assumes you pay in full and never pay this. Any interest changes the outcome.
Note: Additional fees may apply for cash advances, foreign transactions, overlimits, and late payments. Check the issuer's terms and conditions for complete fee details.
Benefit history (8 changes)
- Points Transfer BenefitsUpdated Oct 2026
- Digital Wallet IntegrationUpdated May 2026
- Status CreditsUpdated May 2026
- Points Transfer BenefitsUpdated May 2026
- Rewards Program Elite StatusUpdated Oct 2026
- Interest Free PeriodsUpdated May 2026
- Balance Transfer OffersUpdated May 2026
- Lounge AccessUpdated May 2026
Now 2 visits/year · Virgin Australia.
Offer terms history
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Published 12 Oct 2026
Changes from terms version 7
Changes from terms version 6
Changes from terms version 5
Changes from terms version 4
Changes from terms version 3
Changes from terms version 2
Changes from terms version 1
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Expiration changed from 26/06/24 to 02/09/242 years ago
- Expiration changed from 14/05/24 to 26/06/242 years ago
- Expiration changed from 04/03/24 to 14/05/2024, Annual Fee from $289 to $329, Second Year Annual Fee from 289 to 3293 years ago
- Expiration changed from 31/01/24 to 04/03/243 years ago
- Expiration changed from 31/10/23 to 31/01/243 years ago
- Bonus lowered from 120k to 80k, spend lowered from $14k with $7k3 years ago
- Offer extended to 31 July 20233 years ago
- Increased annual fee to $289. Increased min spend to $14,0003 years ago
- Increased bonus points to 120,0003 years ago
- Bonus decreased from 100k to 80k4 years ago
- Offer extended to 30th April 20234 years ago
- Offer changed to $3.5k every month for 4 months.4 years ago
Discussion
About the current terms (published 12 Oct 2026).
Community and personal tools
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