Virgin Money Go Transaction Account

yojohnny

Member
Joined
May 24, 2020
Posts
257
I've just signed up for the Virgin Money Go transaction and associated Virgin Money Boost Saver savings account.

The appeal of this for me is the reward points offered for BPAY payments for things I can't push through my credit cards, without incurring a fee (rent and a few other things in my case). Whilst the amount of points is very low as it's per transaction (regardless of amount), I still thought it was worthwhile signing up as they also offer points when purchasing through their store. It's 8 points per BPAY, direct debit and other purchases made. If I can't get a cashback via Cash Rewards or Shopback and the store I want to buy from isn't in the Qantas store, I will look at pushing it through the Virgin store.

The best redemtion for the points seems to be gift cards at a little under $30 for 5k points.

The associated savings account has one of the "best" interest rates at the moment at 1.2% but I'll be keeping my cash elsewhere.

Using the link below, you will get 5000 points using my referral and I will get 5000 points, as long as you a make a purchase, direct debit or BPAY payment in your first 30 days.

 
This has “BankWest Qantas Transaction Account” written all over it! I’ll join.

Yes, this also caught my attention. I was going to sign up until I realised that you only earn "Virgin Money Rewards" points. Doesn't look like these can be converted to Velocity points and are just redeemable for cash back or gift cards. So I think I'll pass.

 
I guess I am hoping it will improve over time as it's only been out a few weeks it seems. We shall see.
 
you can also convert the 5k points for $22.50 cash into your account. id like to through my referral link into the hat too. just click here thanks.
I couldn't find anything about what the points are worth for redemption... Where did you see the bit about 5000 points = $22.50?
 
I couldn't find anything about what the points are worth for redemption... Where did you see the bit about 5000 points = $22.50?
when you get the 5k points you will see the value and options in the app one is to redeem into your account for cash worth $22.50
 
This appears to be back.

Open a Virgin Money Go account and spend $100 in the first 30 days to get 20,000 Virgin Money points. 20,000 Virgin Money points can get you a $100 gift voucher (at places like Amazon and JB HiFi) or $90 deposited into your account.

Easy way to get a $100 voucher without a lot of effort! Just open the account and spend $100 within the first 30 days.

Don't forget you can get up to 8 points per spend if you satisfy their monthly critera (which appears to depend on your age - $2000 per month deposit if over 25)

If you use my referral code to sign up, I may earn a reward of 5,000 points:

Refer a friend | Virgin Money Australia
 
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The referral offer has been increased from 5000 points to 10,000 points ($50 gift card). Here is my referral link for the 10,000 points signup bonus: Click for 10k bonus points referral link.

The associated Boost Saver account has one of the highest interest rates (especially if you use the lock saver (32 days notice) feature - currently 4.6%. In addition if you want to set and forget to get the bonus interest rate, you can automatically schedule the two requirements. For the $2000 deposit requirement, you can setup an automatic transfer of $2000 from another bank to your Virgin account, and also setup an automatic transfer out of your Virgin account for $2000 a few days later. For the 5 monthly purchases, BPAY transactions are counted so you can setup 5 scheduled BPAY transactions to occur each month (such as to your Electricity account, credit card account etc).

Thanks in advance if anyone happens to use my link. I will get a bonus of 5,000 points.
 
Great interest rate on this product - been using it for the last few months. They're normally pretty quick to increase after the RBA meets, so likely we'll see this at 4.85% soon.
 
Thought id throw my referral in the hat too

Want to be rewarded for how you bank and earn points you can redeem for cashback, gift cards and instant rewards? Join me and check out the everyday Virgin Money Go Account. Remember to use my referral code to sign up and we'll both score some serious bonus points! All you need to do is meet the Welcome Bonus Criteria.

btw 5000 points can be redeemed for $22.50 cash instantly

To find out more about your reward and how to apply, use this link.
 
I found virgin to be useless when the referral doesn’t come they ignore emails and talk bullshit
 

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