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Velocity Frequent Flyer 15% Transfer Bonus - AMEX MR Gateway or 25% Transfer Bonus Amex MR Premium Ascent

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Velocity Frequent Flyer 15% Transfer Bonus - AMEX MR Gateway or 25% Transfer Bonus Amex MR Premium Ascent
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runamuck on 06/06/2017 - 12:36 catalogue.membershiprewards.com.au (281 clicks)
Last edited 06/06/2017 - 13:21

Transfer your Membership Rewards points between 1 May 2017 and 18 June 2017 and receive 15% Bonus Velocity Points, or 25% Bonus Velocity Points for Card Members enrolled in Membership Rewards Premium Ascent*.

The transfer of points will be administered solely by American Express and will take up to 3 business days to transfer into your Velocity Account. The Velocity Bonus Points will be administered by Velocity Frequent Flyer which will also take up to 3 business days to transfer into your Velocity Membership Account.

Referral Links

Business Explorer Card: random (1)

Referrer: 40,000 Reward Points

Centurion Personal Charge Card: random (11)

Referee gets 200,000 MR points. Referrer gets 150,000 MR points.

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closed Comments

  • ajdlinux on 06/06/2017 - 12:45
    +2

    Clarification to title: the 25% bonus is for Premium Ascent, i.e. Platinum Charge rather than Platinum Edge

    • runamuck on 06/06/2017 - 12:48
      +1

      Didn't know there was a difference. Thanks for pointing that out.

      • ajdlinux on 06/06/2017 - 12:49

        thanks for updating!

  • djkelly69 on 06/06/2017 - 12:57
    +1

    EG: Normally you can convert Gateway points to Velocity FF points at a rate of 4:3, but now you can do it for 1:1 ratios. For example, if you were planning to redeem the 100k bonus points with Virgin, they are actually worth 75k Velocity FF points and now you can convert 100k MR Gateway points to 100k Virgin FF points.

    I don't understand the above - 100k Gateway points would normally get 75k Velocity points, and with a 15% Velocity bonus would get 86,250 Velocity points. Why are you saying it is now 1:1?

    • skysky on 06/06/2017 - 13:01

      Bad Math. LOL

      86,250 is the correct number.

      Even with 25% it's only 93,750.

      • runamuck on 06/06/2017 - 13:07

        I got that example calculation from another post. I have deleted it so no confusion.

        • djkelly69 on 06/06/2017 - 13:08

          It is still wrong - you cannot transfer at 1:1 from Gateway to VFF under this promotion.

          4:3 plus 15% does not equal 1:1.

        • runamuck on 06/06/2017 - 13:20

          @djkelly69: when you login to your account, it says 1 MR point = 1 Velocity FF.

        • runamuck on 06/06/2017 - 13:22

          @djkelly69: i will delete the example then, whatever the ratio is, the description on the page is 15% extra so i will just leave it as that.

        • djkelly69 on 06/06/2017 - 13:22
          +2

          @runamuck: If you have Ascent or Ascent Premium, yes it is 1:1. If you have Gateway, no. Gateway is still 4:3 (plus 15% for this promo).

          Source: Just logged into my account and checked.

        • runamuck on 06/06/2017 - 13:23

          @djkelly69: thanks for confirming. Example deleted

        • Skky on 06/06/2017 - 14:25

          @runamuck:
          for Accent - is it 1:1 + 25% bonus?
          then it worth to join for $80

          is there any other decent benefit from Accent program other than better conversion rate?

        • Skky on 06/06/2017 - 15:31

          @Skky: disregard - 25% bonus is only for Premium Accent that comes only with Platinum cards..
          so it is x0.75 + 15% or x1 -$80.
          e.g. 100k -> 86,25k VP or 100K VP-$80. extra 14k VP for $80 - 0.55 cents per extra point
          If you have 150k, then it will be even better -> 129375 VP or 150k VP - $80. 20k VP for $80 - 0.4 cents per extra point

        • djkelly69 on 06/06/2017 - 16:09

          @Skky: How do you upgrade from Gateway to Ascent for $80?

        • [Deactivated] on 06/06/2017 - 16:30

          @djkelly69:
          You are here: Membership Rewards > All Rewards > Financial Rewards > Points for Annual Membership Rewards Fee

          although i seem to have the choice of

          PFEE-002G $80 (or 10800 points) and

          PFEE-001G $40 (or 5400 points)

          on my explorer card, dunno what the difference is?

        • Skky on 06/06/2017 - 16:55

          @djkelly69:
          login to your rewards portal. page is called "ENROL IN MEMBERSHIP REWARDS"
          once you logged in, url is https://www316.americanexpress.com/iFormsSecure/auth_reg/en_…

        • djkelly69 on 06/06/2017 - 19:29

          @Skky: Thanks, found it.

          Have you actually upgraded from Gateway to Ascent using this? I did not think this was possible.

        • Skky on 07/06/2017 - 12:47

          @djkelly69:

          Nope, I haven't yet. will chat with support to confirm

        • Peck on 08/06/2017 - 15:10

          @djkelly69: If you have 2 AMEX cards, one with Gateway, and one with Ascent, then you can ring AMEX and have them link both to the more generous Ascent.

        • djkelly69 on 08/06/2017 - 15:53

          @Peck: You can try - most reports on AFF indicate this is getting harder and harder to do.

        • Peck on 08/06/2017 - 16:03
          +1

          @djkelly69: Yep it might be a bit hit and miss, but mine went through a few weeks ago. Originally AMEX had 'automatically' linked my Explorer to my Platinum's Ascent program, and I had to de-link to get my sign up bonus. And then after a couple of months, I rang and linked it again.

        • djkelly69 on 08/06/2017 - 17:05

          @Peck: Thanks, good to know. Did you have to spend/empty your Gateway points after you got the bonus before you could transfer back to Ascent?

        • Peck on 08/06/2017 - 18:14

          @djkelly69: Nope they transferred them all over making them all instantly more value for Freq.flyer redemptions.
          Amex used to be 'hasbeens' once credit cards became wide spread (I am going back a while) but their customer service is unbelievably good! It seems like they have been told "If in doubt, do it in favour of the customer".

  • Peck on 06/06/2017 - 16:04

    Even with 25% bonus I am still better off using my points for Asia Miles.

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