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 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.
Qantas - Qantas Frequent Flyer
06 Nov 2014
Total posts 369
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%.
Singapore Airlines - KrisFlyer
14 Jun 2017
Total posts 36
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.
Qantas - Qantas Frequent Flyer
06 Nov 2014
Total posts 369
The T&C says it's the amount of velocity point that arrives in your account that determines the bonus tier.
18 Jan 2017
Total posts 52
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.
10 Jul 2017
Total posts 34
yes send all your points to velocity as they have so much availability
30 May 2017
Total posts 6
Savvy people will know to convert the VFF haul into KF for better availability and a better product ;)
Virgin Australia - Velocity Rewards
08 May 2014
Total posts 48
It's interesting that Westpac is not included in the promotion.
Qantas - Qantas Frequent Flyer
13 Jul 2012
Total posts 120
Yes that sucks. Virgin got Westpac to implement automatic transfer of points, without any additional perks or bonuses granted to holders of other cards.
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.
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!
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.
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.
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!
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.
30 Jun 2016
Total posts 49
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.
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.
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.
07 Mar 2017
Total posts 50
Yeah, the explanation is wrong. It later says there’s a further 20%, when it’s not split that way at all.
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.
12 Aug 2017
Total posts 77
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.
Virgin Australia - Velocity Rewards
05 Sep 2016
Total posts 13
Also called "marketing"
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!
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.
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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