That depends on how you plan on redeeming them, basically -- see this article for reference: http://www.ausbt.com.au/virgin-frequent-flyer-research-43-want-toasters-over-travel
I think a velocity point is worth less than 1 cent per point, even when using for international J seats. Consider a reward flight BNE/SYD to LAX, 150k points, so 300k points for the return trip. This flight sells for about $4k, so there is an argument that you am just divide these numbers and get 1.3 cents per point, but if you pay cash you get status and more points. So to value the points, what works you pay considering you don't get stays credited for the trip? I think it's less than $3k, so thus my reason for valuing points at less than 1c pp.
Last editedby TimOfMcDowall at Jun 02, 2019, 07:40 PM.
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What is the value ($) of a VA Velocity point?
jDL
jDL
Member since 05 Dec 2011
Total posts 6
What is the value ($) of a VA Velocity point?
medipri
medipri
Member since 18 Jan 2012
Total posts 2
Depends what you spend it on. This article here on ausbt sums it up quite well.
Essentially, if you spend it on a "non flight" reward (like a toaster), 1pt = 0.5 cent.
I personally use my points on virgin's "points and pay" system to fly business class. That is far better value with 1pt= 15-18 cents. Hope that helps!
chrisjrn
chrisjrn
Member since 09 May 2011
Total posts 177
That depends on how you plan on redeeming them, basically -- see this article for reference: http://www.ausbt.com.au/virgin-frequent-flyer-research-43-want-toasters-over-travel
AirportAddict
AirportAddict
Virgin Australia - Velocity Rewards
Member since 05 Jan 2012
Total posts 175
Sort of varies to suit the Velocity Company.
TimOfMcDowall
TimOfMcDowall
Member since 01 Mar 2017
Total posts 10
I think a velocity point is worth less than 1 cent per point, even when using for international J seats. Consider a reward flight BNE/SYD to LAX, 150k points, so 300k points for the return trip. This flight sells for about $4k, so there is an argument that you am just divide these numbers and get 1.3 cents per point, but if you pay cash you get status and more points. So to value the points, what works you pay considering you don't get stays credited for the trip? I think it's less than $3k, so thus my reason for valuing points at less than 1c pp.