ANZ boosts Virgin Australia credit card frequent flyer points

By Chris Chamberlin, June 4 2015
ANZ boosts Virgin Australia credit card frequent flyer points
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ANZ will increase the number of Virgin Australia Velocity frequent flyer points that its customers earn on the bank’s range of Rewards-branded Visa and American Express credit cards from July 18.

The improvement comes by tweaking the Velocity conversion rate in the ANZ Rewards program from 2.25 ANZ Rewards points per 1 Velocity point to a simple 2:1 ratio, which in turn increases ANZ’s per-dollar earning rates as follows:

ANZ Rewards: The Visa card rises from 0.66 to 0.75 Velocity points per dollar spent, while the American Express card is improved from 0.88 to 1 Velocity point on the same spend.

ANZ Rewards Platinum: Customers spending on the Visa card see their earning rate improve from 0.66 to 0.75 Velocity points per dollar spent, while the AMEX card jumps from 1.33 to 1.5 Velocity points per dollar.

ANZ Rewards Black: Whipping out the Rewards Black Visa will reel in an impressive and highly-competitive one Velocity point per dollar spent, up from 0.88, with the AMEX mirroring the Platinum card at 1.5 Velocity points per dollar, rising from 1.33.

These changes bring ANZ’s Rewards Platinum and Rewards Black American Express cards in line with the top-tier credit cards of the other Big Four banks, which all bring in 1.5 frequent flyer points per dollar spent.

Notably, ANZ’s Rewards Black Visa will deliver the highest number of Virgin Australia Velocity frequent flyer points of any non-AMEX card from the Big Four, with CBA, NAB and Westpac serving up between 0.5 and 0.625 Velocity points per dollar on their respective high-end Visa or MasterCards.

As an added bonus, ANZ Rewards customers who have already earned ANZ Rewards points on their spend will benefit from the new ANZ:Velocity conversion rate come July, as it applies to all frequent flyer points transfers from that date regardless of when the ANZ Rewards points were accrued.

ANZ’s Qantas Frequent Flyer credit cards remain unchanged, as are the transfer rates from ANZ Rewards to the scheme’s other airline partners including Singapore Airlines, Cathay Pacific and Air New Zealand.

Also read: Getting the most from the ANZ Rewards credit card program

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Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

You should seek independent advice and consider your own personal circumstances before applying for any financial product.

Chris Chamberlin

Chris Chamberlin is the Associate Editor of Executive Traveller and lives by the motto that a journey of a thousand miles begins with a single step, a great latte, a theatre ticket and a glass of wine!

QF

11 Jul 2014

Total posts 303

I found the Virgin Money credit card @ 1.25 points per dollar the best.

Any change to the krisflyer redemption ratio?

We covered this in the article:

"ANZ’s Qantas Frequent Flyer credit cards remain unchanged, as are the transfer rates from ANZ Rewards to the scheme’s other airline partners including Singapore Airlines, Cathay Pacific and Air New Zealand."

doh! :)

Qantas - Qantas Frequent Flyer

19 Nov 2011

Total posts 246

This makes this deal lucrative with current promo of 50,000 rewards points and no annual fee first year which is until 30 June 2015.

Still hoping for bigger rewards points offer as after conversion would be 25,000 Velocity points.


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