Velocity - cash out points?

11 replies

stunt333

Virgin Australia - Velocity Rewards

Member since 29 Apr 2015

Total posts 1

Curious of what everyone is thinking about the viability of VA - and therefore what to do with points balance? Transfer to SQ, buy from store etc. None of these represent great value - but neither is losing 350k

Madhatter49

Virgin Australia - Velocity Rewards

Member since 11 Dec 2016

Total posts 65

VA will be fine. The media are beating it up more to get headlines like they always do.

hakkinen5

Qantas - Qantas Frequent Flyer

Member since 20 Aug 2014

Total posts 136

I literally just spent half my stash on cases of wine and a few gift vouchers. I normally only use them on business class flight redemptions/upgrades. I know the value is poor but I'm hedging my bets here. I still have 200K balance so thats enough for my flight needs. Especially at the moment!

Last editedby hakkinen5 at Mar 24, 2020, 05:45 PM.
Last editedby hakkinen5 at Mar 24, 2020, 05:46 PM.

Chris Chamberlin

Member since 24 Apr 2012

Total posts 1,114

Personally, I'm quite comfortable with my balance of Velocity points and don't plan on converting them out to KrisFlyer or cashing them in for gift cards and the like.

However, if you must travel right now (keeping in mind all the border restrictions, etc), it's a great time to use points to either book or upgrade your flight, as there's availability on most departures with demand being much lower than usual (and of course, that gives you more space on board).

Lmc

Qantas - Qantas Frequent Flyer

Member since 09 Nov 2018

Total posts 29

Everyone at my work is bailing out.... virgin points for wine, ready for lock down! Haha

Mokuni

Member since 22 Jun 2017

Total posts 4

Transfered all to KFF.

nix584

Virgin Australia - Velocity Rewards

Member since 10 Jan 2012

Total posts 104

Definitely keeping them where they are. VA will recover, all airlines are suffering at the moment. Using to buy wine or gift cards or shopping is poor value, but use them as you see fit. Also transferring to SQ costs VA money, so it actually does more harm than good, unless you're someone who wants to see them fold.

Jazzop

Member since 02 Dec 2016

Total posts 104

In light of VA suggesting AUD$1.4b govt support is needed for the industry, does this change any ones mind?

Mokuni

Member since 22 Jun 2017

Total posts 4

I liked how I got negged for stating what I did.

hakkinen5

Qantas - Qantas Frequent Flyer

Member since 20 Aug 2014

Total posts 136

They're just jealous they didn't act in time.

walaj

Qantas - Qantas Frequent Flyer

Member since 08 Aug 2016

Total posts 8

hmm - the velocity online store seems to be struggling - people cashing in now?

nix584

Virgin Australia - Velocity Rewards

Member since 10 Jan 2012

Total posts 104

Just making things worse for VA.

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