Converting your hard-earned credit card points into Virgin Australia Velocity Frequent Flyer points can earn you a nice 15% bonus through the end of November, while points transfers from Coles Flybuys and selected Velocity hotel partners are also eligible for a 15% boost.
What’s more, ANZ Rewards and ANZ Business Rewards members can scoop up a higher 30% bonus during the same period – so if you’re sitting on a pile of reward points, now is a great time to convert them to Velocity!
Wherever you bank, shop or stay, here’s what you need to know to collect your own bonus bounty.
Bonus points on Velocity credit card transfers
Ship your credit card rewards points across to Velocity between October 30 and November 30 2017 and you may be eligible for a 15% or even a 30% boost, depending on the source of those points.
For American Express Membership Rewards, Bank of Queensland Q Rewards, Card Services Rewards, Citibank Rewards, Diners Club Rewards, HSBC Rewards, NAB Rewards and Suncorp Rewards members, the bonus offering is the standard 15%.
That includes points transferred from popular American Express Membership Rewards-earning cards such as AMEX Explorer, AMEX Essential, Platinum Edge, Platinum Charge, Business Accelerator and Business Platinum, plus the David Jones AMEX and the David Jones Platinum AMEX.
For example, an AMEX Explorer cardholder transferring 100,000 Membership Rewards Gateway points to Velocity would normally receive 75,000 Velocity points at the program’s standard 4:3 conversion rate, but during the promotion period, that’d be boosted to 86,250 Velocity points.
Members of ANZ Rewards and ANZ Business Rewards will instead receive a 30% bonus on all points conversions to Velocity this month, including both manual conversions and points shipped across via the program’s monthly ‘auto-redemption’ feature, including from the ANZ Rewards Black, Platinum, Travel Adventures and Classic personal cards.
Excluded from the promotion are bank loyalty programs other than those named above – with Amplify Rewards, Commonwealth Awards and Westpac Altitude Rewards notably absent – along with any ‘direct earn’ Velocity credit cards, such as AMEX Velocity Platinum, where Velocity points are the only option.
Bonus points on Velocity transfers from Flybuys
Similarly, swapping your Flybuys points for Velocity points attracts a 15% bonus until November 30, and with transfers starting at just 2,000 Flybuys points, even a small shopping balance could give your Velocity account a handy boost.
Transfer 2,000 Flybuys points and 870 Velocity points would normally be your reward: but this month, you’d get around 1,000 Velocity points instead.
Points can be converted in multiples of 2,000 – so a conversion of 16,000 Flybuys points during the promotion provides 8,004 Velocity points all up, being the usual haul of 6,960 Velocity points (transferred at the normal 1=0.435 rate), plus a 15% bonus on the converted amount:
Flybuys members can convert up to 138,000 Flybuys points into Velocity points each calendar year.
Bonus points on Velocity transfers from hotel partners
Have extra points lying around in the IHG Rewards Club, Hilton Honors, Le Club AccorHotels, Starwood Preferred Guest (SPG) or Choice Privileges programs? You can also move them across to Velocity for a 15% bonus until November 30, and from Shangri-La Golden Circle with a 25% bonus.
Even at 15%, that’s excellent news for Starwood Preferred Guest members, because if you were to convert 20,000 SPG Starpoints to Velocity, you’d get this temporary 15% bonus on top of the normal 25% bonus that Starwood offers year-round on transfers of this amount, with an already-generous 1:1 conversion rate.
For instance, convert 20,000 Starpoints to Velocity and you’d normally receive 25,000 Velocity points (20,000 Velocity points plus a 25% bonus). Make that a 40% bonus this month (15%+25%) and you’d end up with 28,000 Velocity points instead.
However, transferring points to Velocity has less appeal from programs like Hilton Honors, where the standard conversion rate is a significantly less generous (10 Hilton Honors points = 1.5 Velocity points), so consider whether using your hotel points towards a hotel stay in this instance might bring better value.