Just received a Velocity newsletter asking me NOT to transfer any point from hotel and banking partners right now. It says there's 'A record breaking deal' coming out on 1st May and stay turned. Does anyone know what this 'mysterious' deal is?
May and November are when Velocity typically runs its 15% tranfer bonus deals, so if it's "record-breaking", it'd need to be more than that. In the past they've also offered 25-50% bonus points (depending on your card, etc), so we'll see!
Given how easy it is to rake up Velocity points, even a 50% bonus wouldn't tempt me into transferring my AmEx points. Same with my SPG points. Flybuys is a different propositon ofcourse, even a 20% bonus would see me emptying the coffers before you can say Hooraahhhh.....
My Amex points transfer at 1:1 for both Velocity and Kris Flyer. So if the deal is better than the 35% penalty thats charged to transfer from Velocity to Kris Flyer, then potentially its a good deal for Singapore points as well.
Their e mail states "don't transfer anything until May 1 from card or hotel partners", I wonder if it is just limited to that, or if it includes a special deal from Flybuys as well? Couple of weeks ago I received an offer from FlyBuys - transfer at least 10000 points to Velocity and receive a bonus 10 status credits. I am often targeted with such things as a lot of points are earn't with FlyBuys.
This time last year they offered me 15% transfer bonus on my FlyBuys points AND as part of the promotion, FlyBuys didn't count points transferred in May and June towards the 138,000/year FlyBuys transfer limit. I'm really hoping they'll do that again as I've already accumulated 125,000 FlyBuys points this year.
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Virgin says DON'T transfer your Velocity points!
jianga
jianga
Qantas - Qantas Frequent Flyer
Member since 07 Feb 2015
Total posts 144
Just received a Velocity newsletter asking me NOT to transfer any point from hotel and banking partners right now. It says there's 'A record breaking deal' coming out on 1st May and stay turned. Does anyone know what this 'mysterious' deal is?
dsz
dsz
Virgin Australia - Velocity Rewards
Member since 23 Apr 2018
Total posts 6
logged in to ask the same question.
watson374
watson374
Qantas - Qantas Frequent Flyer
Member since 17 Aug 2012
Total posts 1,285
I'd wager a thousand points that it's an 'enhancement' with eyeliner.
Chris C.
Chris C.
Member since 24 Apr 2012
Total posts 1,116
May and November are when Velocity typically runs its 15% tranfer bonus deals, so if it's "record-breaking", it'd need to be more than that. In the past they've also offered 25-50% bonus points (depending on your card, etc), so we'll see!
Zac
Zac
Member since 23 May 2014
Total posts 19
I like the comms around this - hopefully the promotion lives up to the hype
bird
bird
Qantas - Qantas Frequent Flyer
Member since 30 Dec 2017
Total posts 1
Given my balance of AMEX points....this has piqued my interest.
Rohit
Rohit
Member since 06 Jul 2017
Total posts 17
Given how easy it is to rake up Velocity points, even a 50% bonus wouldn't tempt me into transferring my AmEx points. Same with my SPG points. Flybuys is a different propositon ofcourse, even a 20% bonus would see me emptying the coffers before you can say Hooraahhhh.....
andyf
andyf
Virgin Australia - Velocity Rewards
Member since 07 Dec 2014
Total posts 55
My Amex points transfer at 1:1 for both Velocity and Kris Flyer. So if the deal is better than the 35% penalty thats charged to transfer from Velocity to Kris Flyer, then potentially its a good deal for Singapore points as well.
PHILLIP
PHILLIP
Member since 04 Jun 2017
Total posts 1
Their e mail states "don't transfer anything until May 1 from card or hotel partners", I wonder if it is just limited to that, or if it includes a special deal from Flybuys as well? Couple of weeks ago I received an offer from FlyBuys - transfer at least 10000 points to Velocity and receive a bonus 10 status credits. I am often targeted with such things as a lot of points are earn't with FlyBuys.
Blake
Blake
Member since 03 May 2017
Total posts 39
I'm betting on a tiered offer. The more points transferred the higher then % bonus, and the bottom tier will only be the normal 15%.
Sibelius
Sibelius
Virgin Australia - Velocity Rewards
Member since 06 Aug 2017
Total posts 181
This time last year they offered me 15% transfer bonus on my FlyBuys points AND as part of the promotion, FlyBuys didn't count points transferred in May and June towards the 138,000/year FlyBuys transfer limit. I'm really hoping they'll do that again as I've already accumulated 125,000 FlyBuys points this year.