Virgin Australia offers status credits on credit card points

By Chris Chamberlin, September 30 2014

For a short time, Virgin Australia is offering a side serve of status credits to selected travellers when transferring points across from a handful of credit cards to Velocity Frequent Flyer.

Velocity members will only find the details of the promotion in their inbox if they’ve been invited to participate – you won’t find a peep on the Velocity website, as it’s a little ‘hush hush’.

Until October 6, Chosen Ones can pocket 75 status credits when transferring 75,000 Velocity points, 100 status credits for 100,000 points, 150 status credits for 150,000 points, or 200 status credits for 200,000 points...

While offering status credits to Velocity members who haven't left their living room is a great concept, the deal isn't as good as that offered by the airline in June.

At the top end of the scale, transferring at least 75,000 Velocity points across from eligible credit cards earned the full 200 status credits, whereas this offer only begins at 75,000 points.

Further, the previous deal gave selected Platinum members the option of transferring 100,000 Velocity points across for an impressive 300 status credits, which has this time been limited to 100 status credits for the same transfer.

Unlike points, status credits are used to determine your frequent flyer tier within Velocity, and are normally earned only when flying with Virgin Australia or one of its partner airlines.

The fine print

To qualify for the 'free' status credits, you'll need to transfer your bounty across in one single transaction from one of participating bank.

You also can’t pool your points from more than one financial institution to reach the target, so unless you’re already sitting on a pile of gold, you’re out.

While Velocity has a number of credit card partners, the promotion only awards status credits when transferring from American Express Membership Rewards, Commonwealth Awards, ANZ Rewards and ANZ Business One Rewards.

In practical terms, an eligible Velocity member could reach the minimum target of 75,000 Velocity points by sending across at least:

  • 75,000 AMEX Membership Rewards (MR) points (Ascent or Ascent Premium); or
  • 112,500 AMEX MR points for Business Ascent users; or
  • 150,000 David Jones American Express points; or
  • 187,500 Commonwealth Awards points for Awards and Gold Awards members; or
  • 150,000 Commonwealth Awards points for Platinum and Diamond cardholders; or
  • 168,750 ANZ Rewards or ANZ Business One Rewards points.

All other banks and credit card types are excluded from the deal, including direct-earn cards such as Velocity Escape and Westpac's Altitude Rewards Platinum and Altitude Black cards, among others.

The promotion runs through October 6 2014 for eligible members of Velocity Frequent Flyer – if you're unsure if this offer is available to you, check your inbox.

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ChrisCh
ChrisCh

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!

KG

KG

Qantas - Qantas Frequent Flyer

10 May 2011

Total posts 736

Very creative of VA! I wonder what they gain, I can understand that VA would offer bonus points on transfers, but status credits is unique. Seems like a decent deal if you have an AMEX consumer card and are targetted.

othy

othy

05 May 2012

Total posts 29

I love it - post a query in the Q and A and AusBT oblige with an article - many thanks Chris!

Concur on the creativity of the deal - nice to be targeted, annoyed not to hold any relevant points in any of those programs. Feels like the days of double status promotions are over.

KG

KG

Qantas - Qantas Frequent Flyer

10 May 2011

Total posts 736

Interestingly enough I got a QF mail offering double SC's. Very short time window though, as is the same with the VA promo. Basically only possible if you already have an existing stash of points with your cc provider (unless you are a very high spender and can rack up the amount within two weeks!).

trisreed

trisreed

VA

17 Jun 2014

Total posts 15

As someone who has 75,000 CBA awards points ready to transfer to VA, it is a shame this isn't available to everyone as that would easily up my status from silver to gold!

daveozsydney

daveozsydney

17 Jun 2014

Total posts 44

Great offer, but the targeting seems erratic (I guess that's the purpose of targeting).

My partner holds velocity gold with 600SCs. I hold red with 20SCs.

I usually pool my points to her as we usually fly together.

I got an invite to earn 100SCs for 25K points.

She didn't get an invite.

We had transferred 150,000 velocity points when they had the recent 10% offer so perhaps her large points balance meant she wasn't targeted and the fact I am so far away from even silver meant I was. Will be interesting to see who gets the points under family pooling if I transfer 25K across!

daveozsydney

daveozsydney

17 Jun 2014

Total posts 44

edit to the above post - I meant to say it will be interesting to see who gets the status credits under family pooling. They usually get transferred to the transferee.

Also managed to get enough points together under commbank. I've paid our credit card bills early and I think that by requesting an early statement this will get the points to post, then you can do a family transfer and then I will transfer them across. Will see how we go.

gippsflyer

gippsflyer

Qantas - Qantas Frequent Flyer

10 Jan 2013

Total posts 715

I think, like daveozsydney highlights, that most people with AMEX and other credit card point schemes eligible likely emptied their CC points balances during the very recent May 2014 10% bonus points transfer promotion and therefore many won't meet the conditions of this targeted "Points with Status Credits" promotion. 

Seems to me that this promotion is really targeted at sweeping up those people who don't really give their CC points to Velocity, even when the 15% and 10% bonus promos were running.

cssaus

cssaus

United Airlines - Mileage Plus

29 Jan 2011

Total posts 155

The question I have, is if I have already requalified for my Platinum Status for which the review date is next month, is there any benefit in transferring points across from my AMEX card? I presume the 300 SC's wouldn't count towards next year's qualifying requirement.

KG

KG

Qantas - Qantas Frequent Flyer

10 May 2011

Total posts 736

It would actually help you! VA has a rolling system (daily calculation), if you log on online to your Velocity profile and go to your status credit earn and  click "show detail" , it will show you how many credits are needed to maintain your platinum next year and it takes into accoutn the extra creedits earned this year.

from the VA Velocity website:

Your Status Credit balance is calculated daily based on the number of Status Credits earned in the previous 12 months. Every Status Credit you earn is valid for 12 months, which means your Status Credit balance will not be reset to zero at your review date.

bmc

bmc

Virgin Australia - Velocity Rewards

22 Aug 2013

Total posts 134

No email here. Platinum and huge points total already. 

daveozsydney

daveozsydney

17 Jun 2014

Total posts 44

Me neither. I got one last time but my wife didn't. Would be interesting to see what the logic behind the offers are.


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