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Velocity Frequent Flyer May 15% Transfer Bonus - AMEX, Flybuys, etc.

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Velocity Frequent Flyer May 15% Transfer Bonus - AMEX, Flybuys, etc.
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spritz on 01/05/2017 - 00:36 go.velocityfrequentflyer.com (2310 clicks)
Last edited 01/05/2017 - 01:41

It's back for May, Velocity Frequent Flyer's 15% transfer promotion.
Simply transfer points into Velocity from one of their partners to get a 15% point bonus.
Includes:
AMEX
Flybuys/Coles Mastercard
ANZ and ANZ Business Rewards
Westpac Altitude
St George Amplify
Bank of Melbourne Amplify
Bank SA Amplify
Suncorp
Diners Club
Commonwealth Bank
NAB
HSBC
Citibank
Bank SA
Bank of Queensland
Card Services

Appears that ANZ cards have a 35% bonus in addition to this 15% bonus for transfers in May.
Ends May 31st.
Bonus subject to a Maximum of 1 Billion Bonus Points total.
Terms & Conditions

Travel Frequent Flyer Reward Points

Related Stores

Velocity Frequent Flyer
Velocity Frequent Flyer
Marketplace

closed Comments

  • MelbBargainChaser77 on 01/05/2017 - 00:49
    +16

    Can confirm my ANZ travel Adventures card is attracting a 50% bonus. Woohooooooo

    • spritz on 01/05/2017 - 00:55
      +1

      very nice!!

    • illumination on 01/05/2017 - 01:03
      +4

      That is ridiculous(ly good)..

    • bbqwer on 01/05/2017 - 01:19

      I believe ANZ 35% Booster Offer need to set up auto-redemption ?

      • mjp80 on 01/05/2017 - 04:10
        +1

        Set it up, let it transfer, cancel it before the end of the month. That's what I did last year (and will do again this year).

        anzrewards.com appears to be down right now so I can't log into my account and verify it, but every reason to believe it will be the same as last year.

      • doublezero1 on 01/05/2017 - 09:03
        +9

        According to this works for either manual or auto redemption.

        1. ANZ 35% Booster Offer: The ANZ Booster Offer is available for every successful manual redemption or Auto-Redemption of ANZ Reward Points to Velocity Points made from 1 May 2017 to 31 May 2017.
        2. Velocity 15% Frequent Flyer Offer: The Velocity Frequent Flyer Offer is available for every successful manual redemption or Auto-Redemption of ANZ Reward Points for Velocity Points made from 1 May 2017 to 31 May 2017.
      • MelbBargainChaser77 on 01/05/2017 - 15:44

        Does not need auto redeption for a total 50% bonus for ANZ travel adventures card

      • hungerlord on 01/05/2017 - 16:48
        +1

        Thanks heaps doublezero1! Was wondering as well!

    • DirtyBoots on 01/05/2017 - 01:58

      Just transferred 130,000 points from my ANZ card to velocity 3 weeks back as I was closing the card. Dammit.

  • hlg0606 on 01/05/2017 - 00:56

    Does Velocity point expire?

  • jv on 01/05/2017 - 00:56
    +4

    Bonus subject to a Maximum of 1 Billion Bonus Points total.

    Anybody here on OzBargain up to 1 Billion Points yet ???

    • cpho on 01/05/2017 - 00:59
      +9

      There's that guy in the classified ads always buying points. I'm sure he'd be close by now

    • 0p on 01/05/2017 - 01:00
      +5

      Yup.
      I'm almost up to 1 Billion points.
      Just 999,999,99° go!
      Wait.
      American billion or British billion?
      :)

  • mmd on 01/05/2017 - 01:25

    Noob question:
    I know upgrading to business/first class is the best way to use points and I have over 200,000 amex points.
    Would like some advice on what to do.

    • jv on 01/05/2017 - 01:27
      +10

      I know upgrading to business/first class is the best way to use points

      No it's not, that's a waste of points… It means you'll go on less trips for free…

      • [Deactivated] on 01/05/2017 - 01:55
        +1

        dont upgrade its a waste just get more free flights

        • 0p on 01/05/2017 - 01:56

          Just use those points on another flight.

        • mackaxx on 01/05/2017 - 21:37
          +2

          @0p: depends on the flight, I find it very worthwhile heading to Perth for instance, particularly if it's overnight.

        • nafe on 10/05/2017 - 08:58

          @mackaxx:

          Exit row does fine for this, I did it on Sunday night.

        • mackaxx on 10/05/2017 - 10:38

          @nafe: exit row has fully horizontal reclining seats, business studio, nice food and fancy champagne? Didn't know that?

        • nafe on 10/05/2017 - 14:18

          @mackaxx:

          It's an overnight flight, all you need is to be able to sleep. Fancy food and champagne at 4am Sydney time?

        • mackaxx on 11/05/2017 - 12:09

          @nafe: food and drink aside, horizontal sounds good to me at 4am.

    • ajdlinux on 01/05/2017 - 01:45
      +6

      Really depends what you're interested in!

      I'd recommend taking a look at http://www.pointhacks.com.au - they have a number of guides with ideas on how to spend Amex points.

    • sludo on 01/05/2017 - 02:05

      I think he really wanted to know if it was better to have 230000 velocity points vs 200000 qantas points not criticism on his opinion. So hopefully this helps a bit qff vs vv points

      • djkelly69 on 01/05/2017 - 06:34
        +1

        You can't transfer Amex points to Qantas unless you are on the Ascent Premium program (Platinum charge card or similar).

        So not likely what mmd was asking…

    • butwhy on 01/05/2017 - 07:16
      +1

      If you plan on doing long haul international upgrades with virgin, make sure you are at least velocity gold, otherwise you will be ineligible. Domestic is no troubles. Also virgin has very limited route options internationally.

      Have areas of this
      http://www.pointhacks.com.au/velocity-points-virgin-australi…

    • bozbargain on 01/05/2017 - 08:37
      +9

      I would use 180,000 of those points and transfer to 270,000 Marriott Rewards (via SPG). That will give you a voucher for 7 nights at a category 5 hotel and 120,000 American Airlines points (redeemable on OneWorld with very little tax/fees). If American Airlines is not your thing, you could also opt for 85k Qantas points instead. More info on this in last months AmEx Explorer thread.

      • ajdlinux on 01/05/2017 - 09:25
        +1

        Noting that 120k AA points can be redeemed for way more than 85k QF points - the Marriott deal can be exceptionally high value, I just wish I could get up to the 180k mark!

        • bozbargain on 01/05/2017 - 09:56
          +1

          Just keep on spending! As an existing AmEx cardholder, I still managed to get my 100,000 bonus points. Also signed up my other half via my referral link so that's another 130,000 points. Very true about AA points but this freq flyer game can be a bit overwhelming for some hence my comment you can also just go for the easy option of Qantas points instead.

        • ajdlinux on 01/05/2017 - 18:33

          @bozbargain: My total CC spend, across both Amex and Visa, is about $1.5k per month, so that might take a while. :P

        • nightelves on 01/05/2017 - 21:45
          +1

          @ajdlinux:

          Buy the points through SPG. Sometimes they have 30-50% discount for 30k block. Buy for both you and your partner and with the Amex Explorer bonus you should easily get the Marriot Package with points to spare.

        • ajdlinux on 01/05/2017 - 23:14

          @nightelves: that's true - I'll have to do the maths but it could be worthwhile indeed…

          (I wish I had a partner to take with me…)

        • nightelves on 01/05/2017 - 23:49
          +1

          @ajdlinux:

          Happy to be your +1. I'm pretty cheap to look after

      • nadan on 01/05/2017 - 10:56

        By the way this is only in the US and Canada, right?

        • bozbargain on 01/05/2017 - 11:23
          +1

          Not sure what you mean but you can redeem the Marriott voucher anywhere in the world and as an Australian, you're also free to have an AA account and keep/redeem miles as anyone else.

        • nadan on 01/05/2017 - 11:31

          @bozbargain:
          Ok, I thought it was only applicable to Hotels in US and Canada. Thanks for confirming.

      • bazza1980 on 01/05/2017 - 13:04

        Btw, there is also currently a 25% transfer bonus when transferring from Hotel points to AA miles, so you would get 150,000 Miles !

        https://www.aa.com/i18n/aadvantage-program/miles/partners/ho…

        • bozbargain on 01/05/2017 - 13:11

          That would be even better but are you sure that also goes miles acquired through Marriott Miles & More? They normally feature that on their page (as they now do for United) but it still says 120k points for AA?
          http://www.marriott.com/rewards/usepoints/morepack.mi

        • nightelves on 01/05/2017 - 21:43

          @bozbargain:

          Yeah it is. I have redeemed a similar offer for British Airways and United and both got the bonus transfer after it came across. Better off waiting for bonus transfer from Alaska Airlines. They offer better rewards redemption and allows 1 stopover per one way

        • bozbargain on 02/05/2017 - 06:23

          @nightelves: Cool, would you mind letting us know when such a promo pops up please?

      • louuisc on 08/05/2017 - 21:30

        Can bank issued Amex does the same thing? Does AA points or Marriott Rewards have a reasonable expiry policy?

    • bozbargain on 01/05/2017 - 09:57

      Mmd, how many of you will be traveling?

    • timbo83 on 01/05/2017 - 11:48

      Subjective views, on a points to dollar basis upgrading to business (value differs by program) is a great way to use points if that is something important to you. As others have mentioned below however since you are here on Ozbargain we'll assume you want to travel further rather than travel comfortably ;)

  • djz on 01/05/2017 - 06:05
    +2

    I've got about 500,000 points my my CBA card that I've collected over many years. Am I better off using it for other things or transferring it to Velocity?

    15% doesn't sound like a lot. If it was like the ANZ bonus 50% then that's a no brainer.

    • waynentl on 01/05/2017 - 07:46
      +1

      It's about as good as it gets with CBA and they only tend to participate once a year in this deal unlike the other banks. That 50% bonus isn't the norm. Given a number of the banks have already revalued their rewards programmes recently and the Commonwealth hasn't (yet), this may be your last opportunity to transfer them to Velocity before a devaluation.

    • DSOTM on 01/05/2017 - 09:10
      +2

      I just used 480,000 points on Velocity to get two Etihad business class fares to Europe (equivalent cost around $16,000) BUT got slugged for $3K taxes and fees. looking at the posts on Aust. Frequent Flyer, it looks like redeeming on Krisflyer with Singapore is a better deal with less points and less taxes/fees.

      • bozbargain on 01/05/2017 - 11:55
        +4

        I feel for you, those taxes are ridiculous (it's almost like they want you to pay for an economy ticket and use your 480k points to 'upgrade' to business)! Also, flying Etihad business class means you risk that the highlight of your trip will become the actual flight… Enjoy!

      • nightelves on 01/05/2017 - 21:48

        Ouch that's heavy. You could have flown Suite for that price with Singapore Airlines.

        • DSOTM on 03/05/2017 - 07:38

          I did have some buyer's remorse after I booked Etihad, but it would have been 40K more points for 2 x MEL/LHR which is not a lot in the scheme of things, but availability was difficult with Singapore. I pretty well got the flights (A380) on all the sectors I wanted when I booked on Etihad. I did a redemption flight to Singapore in Suites once and it is awesome.

        • DSOTM on 03/05/2017 - 07:43

          Actually I forgot about the 1.35 conversion from Velocity to Krisflyer, so Suites would have been an extra 232,800 points. Now that's ouch!

    • tuvz on 02/05/2017 - 12:14

      I have an option for you if you would like. PM me for more info please

  • Obs on 01/05/2017 - 07:12
    +1

    Good chance to move citibank signature rewards points before they devalue on the 15 June?

    The rate use to be 1.5 citi rewards = 1 velocity. Now it's 2 citi = 1 velo. After 15 June it's 2.5 = 1 velo.

    • Gooddeal21 on 01/05/2017 - 07:44

      Oh no I didn't know would be worse after 15 of June. Time to find a better card, we got it free for life though.

    • bluedufflecoat on 01/05/2017 - 08:32
      +2

      I thought only the rate exchange for Kris flyer was changing, not velocity?

      • Obs on 01/05/2017 - 11:12

        I think you are correct. I just assumed it was all FF programs.

    • kiwiinoz on 01/05/2017 - 10:17

      I am with Citibank Rewards too…Have about 140,000 points….Not sure if it is worth moving them over….

    • spaij on 02/05/2017 - 07:50

      Since you can book flights directly with Citi rewards, maybe compare where you can go with velocity's points table?

  • qtmai on 01/05/2017 - 07:53
    +1

    There's also 25% bonus instead of 15% for people who holds AMEX charge card.

  • insertusernamehere on 01/05/2017 - 08:16

    Just want to clarify, with Westpac it will be a 15% bonus setting up auto redemption…so is that on all the points I already have or just on what I earn for the month after activating it? Last time this came around it seemed it was for the month activated, not previous points…I could be wrong though.
    Thanks

    • lilkid28 on 01/05/2017 - 10:44

      It seems that on Altitude Rewards website, it says the entire accumulated balance will transfer over on every (next) statement period. Not sure if anyone else had prior experience?

      • deale on 01/05/2017 - 13:46

        Can anyone confirm or deny this please?

  • ldq on 01/05/2017 - 08:18
    -6

    I would be grateful if someone could enlighten me as I am clueless. Can I transfer my Qantas points to Velocity? How do I connect Velocity to Amex? I can't even find how to disconnect it from Qantas. Is it worth switching - I am not flying, just buying gift cards.

  • punkindrublic on 01/05/2017 - 08:30
    +2

    Doh, transferred my entire ANZ Rewards balance only two days ago :(

    • huangjun604 on 01/05/2017 - 08:40
      +4

      I just transferred my points last Friday and the status is submitted but not Completed. I called to ANZ service to ask for cancelling and it succeeded. If nothing unexpected happens my points will be back within 1 hour.

  • dyzfunctioned on 01/05/2017 - 09:36

    Is it worth transferring over some AMEX and Flybuys points to take advantage of the promo even if I don't necessarily have any plans to book travel with virgin in the near future?

    • lilkid28 on 01/05/2017 - 09:52

      I wouldn't think so. If it's ANZ's 50% then probably.

    • SydOzber on 01/05/2017 - 10:13
      +1

      It depends on your situation.

      I don't prefer to upgrade to first/business class.
      I also find fares way cheaper via agents or IWTF during sale season compared to booking flights via points($0.01 being my conversation rate per point - OZB classified rate)

      For example, you have 2000 flybuys points sitting in your account, which you can only use at Coles group.

      With this deal 2000 flybuys = 870 velocity points + 130 bonus points(15% bonus) = 1000 velocity points($10)… which is same value

      If you want to offload those points by selling or family transfer, you have cash in hand in this case unlike flybuys points or dollars

  • BobCobb on 01/05/2017 - 10:39

    Nice, have been waiting for this!

  • timesoldroman on 01/05/2017 - 10:41

    Ahhh I literally transferred all my point from ANZ a week ago… Anyone had luck in the past emailling to get any extra points? I'm gonna try and see how I go!

    • huangjun604 on 01/05/2017 - 11:53

      If not completed, you can cancel it by calling them.

  • MathNerd on 01/05/2017 - 10:56
    -5

    I have a myki… Can I get any bonus from transferring my (negative​) balance?

    • illumination on 01/05/2017 - 17:16
      +1

      Yes of course you can. What a silly question! I can't believe you've been negged 3 times!

  • scheps on 01/05/2017 - 11:16
    +1

    RE: auto redemption. Once setup, check the date of auto redemption. Just checked mine and it says 2/6/2017. so beware.

    • lilkid28 on 01/05/2017 - 11:35

      Can you immediately cancel it to keep it as before?

      • scheps on 01/05/2017 - 11:36

        yea, had to do that.

        • lilkid28 on 01/05/2017 - 23:19
          +1

          I checked Westpac Altitude Rewards website, and it has a page for this offer with one of the T&C as this:

          1. To receive a 15% Velocity Points bonus, an Altitude Rewards customer must be a Velocity member and must be opted-in to Auto-Redemption between 1 May and 31 May 2017. If you set up Auto-Redemption after your statement cycle in May 2017, you will receive a 15% Velocity Points bonus on points transferred in June 2017. If you set-up Auto-Redemption before your statement cycle in May 2017, you will receive a 15% Velocity Points bonus on points transferred in May and June 2017. Please allow 3 business days after your credit card statement cycle date for bonus Velocity Points to appear in your Velocity Frequent Flyer Membership Account. 15% Velocity Points bonus offer is part of Velocity’s Billion Point Giveaway campaign, visit go.velocityfrequentflyer.com/billion-points/learnmore for full Terms and Conditions. 1 billion Bonus Point cap applies across all participating Velocity partners.

          I set mine up and it says next date of redemption as 02/06/2017. From T&C, we should be fine…?

        • scheps on 02/05/2017 - 19:27

          @lilkid28: you are right. need to opt in in that time period vs redemption in that time period. but not sure how much trouble it is to argue that point if it doesn't come to fruitition. but you are right. it should work. hope the points don't run out.

        • lilkid28 on 02/05/2017 - 19:47
          +1

          @scheps:

          Best to save the T&C now as proof later if any conflict arises.

  • feizor on 01/05/2017 - 12:09

    Does QFF have similar promotions? I have a bunch of CBA points and I'm tossing up which program to transfer to. I have both Velocity and QFF accounts.

    • qtmai on 01/05/2017 - 12:23

      QFF do sometimes have promotion like these. However, it's mostly for people who previously transferred points before

    • djkelly69 on 01/05/2017 - 12:31

      Can CBA points actually be transferred to Qantas? It is very rare that cards can do this.

      • ozhaggler on 01/05/2017 - 13:06

        They can be, but there are a few conditions (I'm on the Rewards page now so I'll paste below):
        To opt-in to Qantas Frequent Flyer Direct you need to call 13 1661, there is a $30 annual fee charged for opting in. Please note that all CommBank Awards points earned prior to the date you opt-in cannot be transferred to your Qantas Frequent Flyer account.

        From my own experience I would retain those CBA points to just use as Flight Centre $s

        • djkelly69 on 01/05/2017 - 13:26

          I don't have any CBA cards, but the usual setup would be where you just earn QFF points directly (via monthly sweep to account) - not sure if that is what the above refers to or not.

          Very uncommon to be able to earn CBA (or any bank's) reward points and then be able to choose to transfer them to QFF at will.

  • FlatulentFrank on 01/05/2017 - 12:42

    Flybuys site is buggered, try again later on.

    • Cliche Guevara on 01/05/2017 - 13:01
      +1

      Was earlier for me, but worked just now.

  • oscarmanutdfan on 01/05/2017 - 13:03

    It's a decent deal and I've transferred points with the 15% bonus rate in the past.

    If you're looking for business class flights though, it seems like it may be more worthwhile to hold onto your Amex/bank rewards points and transfer them down the line to SQ KrisFlyer or CX Asia Miles when you're closer to booking. Apparently Singapore and Cathay have much more favourable availability and redemption costs.

  • foggy10 on 01/05/2017 - 14:26
    -6

    If your goal is to get FF points into Velocity, and you also hold a Krisflyer account, note that it is typically better to transfer points from your CC to Krisflyer, and then transfer from Krisflyer to Velocity. The redemption rates for reward points to Krisflyer and Velocity are typically the same. ie. Citibank provides a redemption rate of 2 points per Krisflyer or Velocity point. But the kicker is Krisflyer provides a rate of 0.74 points per velocity point (it's 1.35 velocity points to 1 Krisflyer mile), thereby surpassing this 15% bonus.

    • Pigey on 01/05/2017 - 14:32
      +5

      No it doesn't.

      It's 1.35 Krisflyer -> 1.00 Velocity
      AND
      1.35 Velocity -> 1.00 Krisflyer

      You have a reduction in points no matter which way you go.

      • oscarmanutdfan on 01/05/2017 - 16:35
        +3

        Pigey is right. Although sometimes it is cheaper to book awards via KrisFlyer than Velocity, so may be worth transferring there either way.

  • binnybo on 01/05/2017 - 20:46

    do they ever do 20% bonus or is 15% the usual?

    • Gooddeal21 on 02/05/2017 - 11:58

      never seen 20%, I'd say the usual May 15%, next is in October I believe

  • Ughhh on 01/05/2017 - 21:56

    Has anyone done the maths to see if it's actually worth converting to Velocity?

    Not sure if my maths is wrong because my brain has stopped working now that it's dark, but from just comparing Amplify to velocity and assuming $1 spent = 1 point (from CC), 5000 amplify points can get you a $20 gift card (3800 points worth) + 1200 balance. If you convert that 5000 amplify points to velocity, where 2 Amp points = 1 velocity point, you get 2500 velocity points, 2875 points after 15% bonus. To get a $20 gift card on Velocity rewards, you need 4500 points.

    Perhaps check the conversion rate to calculate whether this conversion is in your best interest or not before making a move.

    • spaij on 02/05/2017 - 07:58

      You can book flights with most CC reward stores (without transferring points). Perhaps check where you can go with that & compare to velocity's points table.

      With other CC reward stores, the gift card option costs the most compared to other options, so it may not be the best comparison…

  • mackaxx on 02/05/2017 - 11:25
    +2

    Definitely not worth putting the flybuys across to velocity from what I can tell,

    • Gooddeal21 on 02/05/2017 - 11:59

      I guess depends what you want out of the points, if you just miss few to get a free flight might still worth it.

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