HSBC Platinum and Premier credit card customers can now earn Virgin Australia Velocity frequent flyer points on their everyday spends.
Additionally, cardholders who have already notched up points in HSBC’s Rewards Plus scheme can too convert those into Velocity Points from today.
You’ll get one Velocity Point for every two HSBC Rewards points you send across, with a minimum transfer amount of 5,000 HSBC Rewards points at a time – earning you at least 2,500 Velocity Points with every transfer.
Effectively, that means you can earn 0.5 Velocity Points per dollar spent on the HSBC Platinum Visa and 0.625 Velocity Points per dollar on the HSBC Premier World MasterCard.
To celebrate the new tie-up, HSBC customers will also earn a 15% bonus when shipping across their HSBC points to Velocity between September 1 and October 15 2015, making those 5,000 HSBC points worth a slightly-higher 2,875 Velocity Points.
Customers with an HSBC Platinum Qantas Visa will continue to earn Qantas frequent flyer points, while Virgin Australia joins the ranks of Cathay Pacific and Singapore Airlines in HSBC Rewards Plus, which both offer similar conversion rates.
For more information or to transfer your points today, visit the HSBC website.
Follow Australian Business Traveller on Twitter: we're @AusBT