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

By David Flynn, April 30 2018

Virgin Australia has flicked the switch on its latest Velocity Points transfer bonus with up to a solid 40% extra points this month.

That's well above the typical offer of 10-15% bonus points from previous promotions – so if you've got a bunch of reward points sitting on your credit card or even with some hotel loyalty schemes, and reckon they'd be better used going towards free Virgin Australia flights or upgrades, now's the time to transfer them across to your Velocity account.

The Velocity bonus promotion is valid until May 31, 2018, so you've got four weeks and no excuses!

There are bonuses applying to a wide range of  Velocity partners including ANZ Rewards, ANZ Business Rewards, Flybuys, Shangri-La Golden Circle, Le Club Accor, Hilton Honors, Starwood SPG, IHG Rewards Club and Choice Privileges, Australian-issued American Express Cards, NAB Rewards, Citibank, HSBC Rewards (Platinum and Premier credit card holders only), Diners Club Reward, Card Services Rewards, Bank of Queensland and Q Rewards (Platinum credit card holders only) and Suncorp Bank Rewards.

Phew!

However, there's some tiering in Velocity Points bonus depending on the amount of Velocity Points you receive when transferring points from some partners.

Sending enough partner points to lob 100,000 Velocity Points into your account results in a starting bonus of 15%, but pump across more than 750,000 Velocity Points from eligible partners and that 40% bonus is yours.

And that's not to be sneezed at: it means that adding 800,000 Velocity Points to your account via a card or hotel transfer nets you an additional 320,000 points, resulting in a cool 1.12 million Velocity Points parked on your ledger.

For all the details on the Velocity Points transfer bonus promotion click through to go.velocityfrequentflyer.com/bonanza.

David

David Flynn is the Editor-in-Chief of Executive Traveller and a bit of a travel tragic with a weakness for good coffee, shopping and lychee martinis.

Michael Kao

Michael Kao

Qantas - Qantas Frequent Flyer

06 Nov 2014

Total posts 339

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%.

Mjkcan

Mjkcan

Singapore Airlines - KrisFlyer

14 Jun 2017

Total posts 32

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?

Michael Kao

Michael Kao

Qantas - Qantas Frequent Flyer

06 Nov 2014

Total posts 339

The T&C says it's the amount of velocity point that arrives in your account that determines the bonus tier.

bagpuss

bagpuss

18 Jan 2017

Total posts 23

It excludes any bonus points as it's all done by Velocity when received. Now on ANZ Rewards sites, they are actually giving a 30% booster. So it's 50% bonus points all up.

brettepi

brettepi

10 Jul 2017

Total posts 32

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

nclfrk799

nclfrk799

30 May 2017

Total posts 6

Savvy people will know to convert the VFF haul into KF for better availability and a better product ;)

Plus, VA dom reward availability is very good.

sim86on

sim86on

Virgin Australia - Velocity Rewards

08 May 2014

Total posts 38

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...

dimi

dimi

Qantas - Qantas Frequent Flyer

13 Jul 2012

Total posts 116

Yes that sucks. Virgin got Westpac to implement automatic transfer of points, without any additional perks or bonuses granted to holders of other cards.

That is very frustrating; defeats the purpose of holding on to that Altitude Cards.

peterh_oz

peterh_oz

Virgin Australia - Velocity Rewards

05 Sep 2016

Total posts 13

If you're smart you'll turn off the automatic transfer. Wait for the "sign up for automatic transfer and receive a bonus" promotion, use it once, then turn it off again until the next one! Yes this works.

bneflyer

bneflyer

Qantas - Qantas Frequent Flyer

19 May 2017

Total posts 5

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

Rohit

Rohit

06 Jul 2017

Total posts 22

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.

MR1961

MR1961

17 Feb 2016

Total posts 24

True, at the >500,000 points level Amex to VA to KK transfer, you lose 18,000 points. However, if I do this transfer, I will gain platinum VA status for one year, then gold the year following.

drgmarshall

drgmarshall

Qantas - Qantas Frequent Flyer

10 May 2012

Total posts 140

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!

JakeDrake

JakeDrake

13 Mar 2014

Total posts 27

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.

LP

LP

30 Jun 2016

Total posts 44

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.

Motorhead

Motorhead

05 Oct 2016

Total posts 5

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.

BOF

BOF

15 Mar 2016

Total posts 15

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.

TheBigM

TheBigM

07 Mar 2017

Total posts 32

Yeah, the explanation is wrong. It later says there’s a further 20%, when it’s not split that way at all.

The subsequent table is correct, showing that it is stepped.

BOF

BOF

15 Mar 2016

Total posts 15

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.

Russjking

Russjking

12 Aug 2017

Total posts 75

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.


peterh_oz

peterh_oz

Virgin Australia - Velocity Rewards

05 Sep 2016

Total posts 13

Also called "marketing"

ldh

ldh

01 Dec 2016

Total posts 2

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!

gotogate

gotogate

KLM - Flying Blue

26 Mar 2015

Total posts 4

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?

MR1961

MR1961

17 Feb 2016

Total posts 24

I would transfer all your points to VA and then to Singapore Airlines Kris Flyer. You will come out ahead in points. You will need to use or lose your Kris Flyer points within three years, though you get one opportunity to defer each month's expiring points by six months (or a year, if you are a gold status with SQ).

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