Get up to 40% bonus Velocity Points in this month's transfer promotion

I don't think it's 750k or more to get you 40%. From that table at exactly 750k you still only get 30%. It has to be over 750k to get 40%.

Has anyone tried this yet? With ANZ, you seem to have to put the number of Velocity Points you want, rather than the number of existing ANZ points you want to get rid of.

I'm unclear if this includes the 20% bonus I'd be entitled to.

Anybody have any tips?

yes send all your points to velocity as they have so much availability

It's interesting that Westpac is not included in the promotion.

I don't think they have been in the last few May/November promo's...

Shame commbank rewards points also aren't included as they have been in the past!

Some of us are getting excited with the AmEx to VA to SQ transfer. Let’s do the maths.

There is only 1 transfer point at which it makes sense, but for the purpose of this exercise, I have included the top 2 transfer categories.

First is the 40% bonus category for over 750k+ points.

Say for example, if I had 1 million AmEx Ascent points that transfer to both VA and SQ 1:1.

If I moved them to SQ, I would receive 1million Krisflyer miles.

However, if I moved them to VA, with the 40% bonus I will receive 1.4 million VA points.

Then if you convert these to SQ, the 1.4 million VA points convert to 1,037,037 Krisflyer miles, a handy gain of approx 37,000 Krisflyer miles which is nothing to be sneezed at.

So clearly, at the 40% bonus level, its more attractive send point to SQ, via VA.

Second is the 30% bonus category for over $500k+ points.

Again, 501k AmeX Ascent points convert to 501k Krisflyer miles.

If you moved them to VA, you end up with 651,300k VA points.

Then if you converted this to SQ, the 651,300k VA points convert to 482,444 Krisflyer miles.

Don’t do this, cos you will lose points here.

To summarise, if you are sitting on more than 750k AmEx Ascent points and eying a Krisflyer redemption, send them to VA and then to SQ.

Just checked this, 100,000 Hilton points gives 15,000 Virgin points. So a person would need over 5 Million Hilton Honours points to hit the 750,001 points to get the 40% bonus with Virgin. I would imagine that the pool of Hilton guests with over 5 Million points is very very small!

Its a shame points transfers from Altitude rewards aren't included in this offer (confirmed with Velocity). My Amex automatically sends points to Altitude every month and from there the points can be transferred to the likes of Velocity, Krisflyer etc. Probably better value to have one of the cards listed in the article that have manual transfers to reward schemes in order to take advantage of offers like this.

40% is a great headline for VA but most punters surely fall into the 250k category at best or more likely 100k and it’s simply business as usual.

I had a look at a few of the transfer rates & none of them are great value unless they're wasting away where they are as often happens.

Am I missing something? Text says "The standard bonus is 20%" but it's only the normal 15% up to 100,000 points according to the table.

Actually reading it again I think it's really two separate offers - a flat 20% from ANZ, Flybuys, and some hotels, and a tiered 15-40% from certain other credit card point transfers.

What a load of hype over nothing! This so called special deal will benefit very few people who somehow have 250,000 or more to get any decent benefit.

Good headlines. Poor deal.

I'm a bit of a newbie at this. I just logged into Velocity and searched for a reward flight 12 months from now (start of April) going MEL to LAX and they only have any seat economy none of the Economy reward seats! Is that normal? I don't want to transfer all my points to Velocity only to find out I can't book a seat when I need to!

I have over 2 million points on my Citi Prestige so could make good use of this bonus deal HOWEVER (and this is where I need advice) I don't travel for business as frequently and just dropped from platinum to gold. Mostly now it's a few return flights OOL to MEL each year and one or two trips to Europe.

So.....

If I transfer the points, get the bonus, and book on Virgin using points I miss out on the status credits making it harder to maintain gold.

If I leave the points with Citibank and book through their redemptions I get the status credits but not the bonus points.

BTW - A perk of the Citi card is the Priority Pass card which gets me & partner into a fair few lounges which may or may not affect the verdict.

What do you guys think is this best value under the circumstances?