Convert HSBC Rewards points into Velocity frequent flyer points

By Chris Chamberlin, November 24 2016

HSBC credit cardholders can convert their HSBC Rewards points into Virgin Australia Velocity frequent flyer points to book free flights or upgrades to premium economy and business class.

Whether your wallet wields an HSBC Platinum or Premier card, points are converted on a 2:1 basis and in chunks of either 5,000 or 10,000 HSBC Rewards points at a time.

Convert 5,000 HSBC Rewards points and you’d land 2,500 frequent flyer points in your Virgin Australia Velocity account, for example, or convert 10,000 HSBC Rewards points to pocket 5,000 Velocity points.

Convert your points across throughout November 2016 and you'll also pocket a 15% bonus: making those 5,000 HSBC Rewards points equal to 2,875 Velocity points, or 10,000 HSBC Rewards points on-par with 5,750 Velocity points.

There’s no limit on how many transfers you can make from HSBC Rewards to Velocity Frequent Flyer, although each individual transfer can only be in the amounts above – not in multiples or increments of the same.

As such, if you had 100,000 HSBC Rewards points in your account and wanted to convert them all into Velocity Frequent Flyer points, you’d need to make 10 transfers of 10,000 HSBC Rewards points.

Similarly, with a balance of 15,000 HSBC Rewards points, you could either make one transfer of 10,000 HSBC Rewards points and a second of 5,000 HSBC Rewards points, or three transfers of 5,000 HSBC Rewards points.

Points transfers can be requested after logging in to the HSBC Rewards website – and if you’re prompted for a ‘reward code’ at any time, you’ll find these in bold below.

For HSBC Platinum cardholders:

  • Convert 5,000 HSBC Rewards points into 2,500 Velocity points: 9906
  • Convert 10,000 HSBC Rewards points into 5,000 Velocity points: 9907

For HSBC Premier cardholders:

  • Convert 5,000 HSBC Rewards points into 2,500 Velocity points: 9908
  • Convert 10,000 HSBC Rewards points into 5,000 Velocity points: 9909

Points will then appear in your Velocity Frequent Flyer account within five days, ready to use for your next trip.

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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!

Virgin Australia - Velocity Rewards

19 Feb 2016

Total posts 12

I did some calculations a while back before they changed it to the 2:1 point conversion, and found that there (was) more value per point by booking a flight through HSBCrewards, rather than converting them. (Although, you can't upgrade....you can book outright, and from a range of airlines)

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