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Velocity Frequent Flyer 15%-30% Points Transfer Bonus

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Velocity Frequent Flyer 15%-30% Points Transfer Bonus
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joeiwu on 04/12/2017 - 13:16 velocityfrequentflyer.com (1803 clicks)
Last edited 04/12/2017 - 13:17

Don't think this is targeted.
Seems like a good deal if you have a lot of points to transfer.
Unfortunately Flybuys isn't included it seems.

Perhaps its a good time to transfer across those AMEX points?

Terms and Conditions

Velocity members will receive the Tiered Bonus offer on Points when they transfer eligible points from Participating Card Partners to Velocity between 1 and 10 December 2017. The following percentage bonus will be applied based on a minimum number of Velocity Points transferred during the offer period:

1 – 50,000 Velocity Points = 15% Bonus Velocity Frequent Flyer Points

50,001 to 100,000 Velocity Points = 20% Bonus Velocity Frequent Flyer Points

100,001 to 250,000 Velocity Points = 25% Bonus Velocity Frequent Flyer Points

250,001 Plus Velocity Points = 30% Bonus Velocity Frequent Flyer Points

The bonus Velocity Points offer is only available for points transfers from ANZ Rewards accounts, ANZ Business Rewards accounts, Citibank Citi Rewards accounts, Diners Club Reward accounts, Bank of Queensland Q Rewards accounts (Platinum credit card holders only), Suncorp Bank Rewards accounts, Card Services Rewards Accounts, HSBC Rewards accounts (Platinum and Premier credit card holders only), NAB Rewards accounts, and Australian American Express Card Members, including David Jones American Express Card Members enrolled in the Membership Rewards program (this offer excludes American Express New Zealand Card Members) (“the Participating Card Partners”). Minimum points transfer required. For full details on points transfers, including eligibility criteria, minimum points transfer requirements, applicable conversion rate see the Participating Card Partner Terms and Conditions. The earning and redemption of Card Partner points is subject to the Terms and Conditions of the Participating Card Partner reward program. Once the Participating Card Partner points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms and Conditions and cannot be reversed. Transferred Velocity Points and bonus Velocity Points will be available in your Velocity Account subject to the applicable Card Partner points transfer timeframes. Bonus Velocity Points are calculated on the total number of Velocity Points transferred to the Velocity Account in accordance with the offer. For more information visit the Velocity Website.

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closed Comments

  • worldaroundus123 on 04/12/2017 - 13:25
    +8

    God damn! They had 15% just last month!

    • joeiwu on 04/12/2017 - 13:38

      Yep, last month's one included Flybuys too, but this one seems to be short and sweet (without Flybuys).

      • nightelves on 04/12/2017 - 13:54

        If only they had flybuys, would have transferred over a large sum.

        • xyron on 04/12/2017 - 17:21

          why didn't you do the transfer like 3 days ago?

        • tunzafun001 on 04/12/2017 - 17:53
          +2

          Flybuys conv. 2000FB = 870 velocity

          Using 1c per point..

          2000 FB = $10
          Velocity= $8.70

          Add a 15% bonus to Velocity and you're dead even. You didn't miss out.

        • CricNix on 04/12/2017 - 18:13

          Exactly what I worked out. Thanks for confirming.

  • Spets on 04/12/2017 - 13:27
    +1

    Perfect, all those AMEX points to good use.

  • nickyd84 on 04/12/2017 - 13:30

    Why no love for CBA again, I've been waiting for this!!

    • [Deactivated] on 04/12/2017 - 13:34

      If your bank has auto-sweep (Westpac/CBA), count on not getting any bonus offers.

      • nickyd84 on 04/12/2017 - 13:37

        what is auto-sweep?

        • Thrawn on 04/12/2017 - 13:48

          I presume that's when the bank gives you an option of automatically converting points to Velocity each month.

        • nickyd84 on 04/12/2017 - 15:52

          @Thrawn: I haven't seen that option for CBA.

      • melay0326 on 04/12/2017 - 14:04
        +1

        ANZ got auto sweep but always part of promotion

        • pennae on 05/12/2017 - 00:56
          +1

          Can confirm this - I got the bonus bonus points last month with ANZ (2x 15%)

      • melbourne guy on 04/12/2017 - 15:11
        +1

        CBA has automatic transfer for Qantas, but not for Velocity. Still waiting for a CBA transfer bonus. Until then my points stay in my CBA awards account.

        • nickyd84 on 04/12/2017 - 15:49

          same. I've got about 160k Commbank that translates to approx 60k velocity at the moment. If I can get another 10k I'd happily wait

          I don't auto-sweep my points, if that is available.

          I'll be moving it over to KrisFlyer eventually

    • matt1234 on 04/12/2017 - 14:40

      Last month didn't have CBA listed either, and i still got the bonus points. Might be worth transferring a small amount to see.

      • nickyd84 on 04/12/2017 - 15:53

        really? Hmm…

    • lolcoaster on 04/12/2017 - 17:40

      CBA didn't want to participate in the bonus scheme (since they'd rather you use your points with them) and so Velocity wasn't allowed to advertise the fact but they credited CBA transferees anyway. Not sure if its still the case this time around.

      • setsuna on 05/12/2017 - 00:19

        submitted 3600 points to test

        btw, do you know much long it takes for points to appear on velocity? cheers

        • matt1234 on 05/12/2017 - 10:20

          For most it comes up abound the next day, but it can take longer.
          Also for me the CBA bonus points did not show up straight away i think it was a day or two later.

        • yessum on 07/12/2017 - 21:28

          Did you have any luck with the CBA transfer?

        • setsuna on 07/12/2017 - 23:45

          @yessum: haven’t seen the bonus yet ..

        • yessum on 08/12/2017 - 17:48

          @frostmournex: Damn, I'm trying to decide between transferring to Qantas, Velocity or Krisflyer and the bonus points would have made the decision a lot easier

  • Samsungnote10 on 04/12/2017 - 14:10
    +3

    ive got a heap of amex points, that im accumulating but havent decided on which flight to spend it on

    is it a good idea to transfer them to velocity to take advsntage of the 30% extra,

    or should I leave them as is for flexibility reasons

    • joeiwu on 04/12/2017 - 14:22

      I'd like to know this too, any point guru's out there with some expert opinions?

      • temporiser on 04/12/2017 - 14:46

        Me to

        • keepa on 04/12/2017 - 15:58
          +1

          The AMEX MR programs are amazing for their flexibility to use based on your requirements at the time. If you're planning a trip and certain flights that meet your destination and times become available then transfer to take advantage of the promotion, otherwise it might be best to leave them there.

          It also depends on when / if you're planning to cancel your AMEX card. If you do plan to cancel, then you'll need to work out what to do with the points.

          I can help people look for flights depending on where they're looking to go. PM with some details and I'll do my best to see what's available, whether its SQ or something else.

          Another excellent use of AMEX point is to transfer to Marriott rewards via SPG to book one of their flight and hotel packages - see http://www.marriott.com/rewards/usepoints/morepack.mi for more details.

    • quick-dry on 04/12/2017 - 17:57
      +1

      Do you have a specific redemption in mind that your existing velocity points won't cover?

      If you need the points, then transfer.

      If you think you will need those points in Velocity in the near future, then transfer.

      15% transfer bonuses are pretty common, 30% isn't quite so common but although the 30% bonus is tempting, I'm leaving mine in the AMEX rewards account for now because I already have a sizeable Velocity balance and the AMEX flexibility is important to me in case there is a better value flight outside Velocity.

      I treat my AMEX points like they're a little bit more valuable and try to use the other points first - they're already locked into a program but AMEX can go more places.

      • nickeybird on 04/12/2017 - 18:14

        Excuse my ignorance but what other airlines can you transfer AMEX points to? I am planning on purchasing flights one way to Vancouver for a year from now. I have found that i cannot transfer to Qantas, what other airlines can i transfer to?

        • joeiwu on 04/12/2017 - 20:29

          Almost anything else apart from Qantas actually! I think most of the major airlines or some part of their alliances are there for AMEX to transfer. Its quite easy to check on the AMEX redemption website online for the exact ones that are available to transfer.

      • joeiwu on 04/12/2017 - 20:30

        Thanks for the advice.
        If assuming you don't have anything specific in mind, but with the 25-30% bonus alone, would it be a worthy value proposition to just take the punt and transfer them anyway? Basically sacrificing flexibility for the extra 30% value.

        Any thoughts? Thanks!

        • keepa on 05/12/2017 - 08:50

          Do you have any other points in QF or VA??

          If you're likely to redeem on Virgin Australia, Singapore or Ethihad in the future then I seriously consider it at the 30%.

          My point are through the Explorer program so only convert 4:3, but I have been tossing up the idea of signing up for an edge card and linking my card to get the points into the amex MR point scheme which convert 1:1 and would push me into the 25% bonus category netting me a bonus 45K velocity points.

  • arctan on 04/12/2017 - 14:16
    +1

    bugger just transferred 300k nab reward points last month with 15% bonus. Should have waited for 30% bonus oh well.

    • rickb on 04/12/2017 - 14:48
      +5

      How would you have known this was coming? Not your fault.

    • danyool on 04/12/2017 - 15:03

      Ouch!

  • daft009 on 04/12/2017 - 14:28

    At what point is it a better result going from Amex to velocity then to krisflyer vs. Amex to krisflyer direct.

    Provided output from Amex (1=1) is the same regardless

    • soangry on 04/12/2017 - 14:29
      +5

      More than 35%

      • shiba on 04/12/2017 - 16:26
        +2

        You need to consider the fact that Krisflyer points would expire as well

        • daft009 on 04/12/2017 - 20:57

          That wouldn't be an issue. I have trips every year

  • Edsanwong on 04/12/2017 - 14:36

    Why Qantas never had this kind of offer?

    • edman on 04/12/2017 - 15:51

      They do, and the most recent one just ended last week. Only useful in very limited circumstances though as not many cards it applies to (direct sweep cards are excluded). I've used this a number of times in the past but prefer to use Asiamiles now. https://www.pointhacks.com.au/qantas-point-transfer-bonus-pr…

  • bbqwer on 04/12/2017 - 14:50
    +2

    Oh boy, last week transferred 110,000 from citibank 15% bonus.

    This offer an extra 10%. Sweet deal OP

    • centurylegend on 04/12/2017 - 15:27
      +3

      Darn it, transferred 350k citibank point last month :(

      • bbqwer on 04/12/2017 - 15:29

        lol I feel you

    • Yoo05 on 04/12/2017 - 17:45
      +1

      @ bbqwer
      The extra 10% would only apply if your converted velocity points are 100k-250k..your 110k citibank would have given you 42500 velocity which still sits in 1- 50k bracnet for this offer….so nothing extra for u…

  • kctt on 04/12/2017 - 14:57
    +1

    Is it worth it to transfer from Nab Rewards to Velocity points?
    I usually buy Supermarket gift card $100 = 19,230 reward points
    Found in Nab Rewards store:
    Redeem 3,000 NAB Reward points for 1500 Velocity Points
    Even at best promotion rate 30% e.g. 300K Nab points = 195K Velocity points
    300K Nab points = $1560 Wish gift card
    195K Velocity points = $1083 Coles gift card
    What is the best example use of 195K Velocity points?

    • qtmai on 04/12/2017 - 15:26
      +2

      It's better use for business class redemptions. If you have any travel plans, definitely use it on flights redemption.

      For example: BNE - PER business class return. The tickets are around $3600 ret, points = ~100,000 + $50 taxes. It's great to experience Virgin "The Business" lie flat seats.

    • isthisreallife22 on 04/12/2017 - 15:27

      Trying to figure this out myself

    • nickyd84 on 04/12/2017 - 15:52
      +1

      195k velocity is approx 150k KrisFlyer.

      Treat yourself to a 1st class Syd to Singapore, economy back.

      I just checked dates for Syd - Singapore one way in Jan, 80k Krisflyer, SUITES so a good chance of going in the new suite.

      • edman on 04/12/2017 - 16:00
        +1

        I would do suites SIN-SYD rather than SYD-SIN. Experience "The Private Room" - only in Singapore.

        • nickyd84 on 04/12/2017 - 16:25

          That's a good recommendation, although I was there in Sept and it wasn't much to write home about apart from the exclusivity itself!

      • Coops1 on 04/12/2017 - 19:59

        How much in taxes?

        • nickyd84 on 05/12/2017 - 08:49

          When I looked one way yesterday Syd - Sin it was 94 AUD tax

          Get a free KrisFlyer account and check it out yourself..

  • etronicsworld on 04/12/2017 - 15:13
    +2

    Ahhhhh i just moved over 300k velocity points last month with the 15% from BOQ….
    dam couldve had a whole 45k more :'(
    ahh well..

  • Joey4 on 04/12/2017 - 16:27

    I'm looking to transfer nearly 500k citi rewards points and noticed that you can use Citi points with Amazon.
    Maybe all these points bonuses are because of Amazon AU coming? Might hold off and see if its worth using at Amazon.

  • singlemalt72 on 04/12/2017 - 16:49

    Quick question

    My wife and I both have AMEX explorer cards with about 180,000 points each. Can we combine these points to get the 30% instead of 25%?
    As far as I know you cannot transfer points to a family member any more - I'd like to be proven wrong!

    • soangry on 04/12/2017 - 17:06

      If you have platinum edge, you can merge reward programs, meaning 180k gateways points = 180k ascent. Ascent points convert 1:1 krisflyer miles. Right? @MathNerd

      • singlemalt72 on 04/12/2017 - 17:16

        I think there is a fee involved to merge Gateway to ascent.

        I found you can do a 1 off 50,000 point gift per year, still wouldn't quite get me to 250,000 - I suppose we will just get the 25% which is pretty good too.

        • squarepants on 04/12/2017 - 17:22
          +1

          @singlemalt72 been looking at trying to combine point balances before too, unfortunately not possible as you’ve possibly found out. Only 50,000 a year.

  • soangry on 04/12/2017 - 17:23

    No fee. From my understanding the points convert 1:1 (gateways:ascent) unless it's a sign up bonus

  • motlking on 04/12/2017 - 17:33

    Can you use velocity points to redeem on other airlines besides Singapore? Is availability good for first/ business class on available airlines?

  • Bonbi on 04/12/2017 - 18:32

    Tempting - trying to suss out some flights but literally every rewards flight I search is sold out, whether it be in March next year or October next year. Never flown Virgin so is there something I'm missing?

    • nickyd84 on 05/12/2017 - 08:38

      make sure you include partners in your search you have to tick a box.

      If you move to KrisFlyer you can book Singapore Airlines (in my experience to better value) and also other Star Alliance members

  • capslock on 04/12/2017 - 20:45

    FlyBuys is included with a 15% bonus. It is advertised on the FlyBuys website. I also just transferred some and confirm that I received the 15% bonus.

    • joeiwu on 04/12/2017 - 20:46

      I believe you are referring to the most recent transfer bonus offer which has just expired at the end of November.

      • capslock on 04/12/2017 - 21:41

        Nope. The November offer was extended and now expires 10 Dec 2017.

        Copied from the FlyBuys website:

        You still have time before Christmas arrives! Transfer your flybuys points to Velocity and receive 15% BONUS Velocity Points when you transfer before 10 December 2017.*

  • aboutconfig on 04/12/2017 - 23:43

    Well, how to transfer the Citi rewards points over to Velocity?

  • aboutconfig on 05/12/2017 - 00:11

    1 Velocity Point per 2.5 Citi Rewards points transferred for Citi Gold (Visa), and Citi Platinum credit cards. Minimum of 25,000 Citi Rewards points per transfer.
    1 Velocity Point per 2 Citi Rewards points transferred for Citi Prestige, Citi Signature and CitiBusiness credit cards. Minimum of 20,000 Citi Rewards points per transfer.

    $100 Coles/Woolis cards at Citi Rewards = 20,900 Citi points
    $100 Coles/Woolis cards at Velocity Rewards = 18000 Velocity Rewards = 45000 Citi Points

    If I have 15% bonus,
    18000 Velocity Points would need 39130 Citi Points.

    So transfer Citi Rewards points to Velocity will lost almost 50% of its value.
    Am I right?

    • wearabloodymask on 05/12/2017 - 14:28

      this is only if you decide to use these points to redeem for gift cards.

      they are valued differently if you utilise for flights

    • soangry on 05/12/2017 - 15:54

      Compare it with flights not gift cards from velocity

  • aboutconfig on 05/12/2017 - 14:21

    2.5 Citi Rewards points = 1 Velocity Points?

  • tpan on 06/12/2017 - 14:28

    Any CBA customers who did a transfer during the November promotion and didn't get bonus points (despite not being included in the promotion), try contacting Velocity. I just did and got my November transfers honoured with the bonus point. They said December won't be honoured though.

  • kollier on 06/12/2017 - 21:33

    My one will be
    1 Velocity Point per 2 Citi Rewards points transferred for Citi Prestige, Citi Signature and CitiBusiness credit cards. Minimum of 20,000 Citi Rewards points per transfer.
    I want to get Krisflyer point as my destination more likely is SQ flight.
    If I use 200,000 Citi Rewards point, I only get 100,000 Velocity point plus 25% extra? Is it gonna end up to 125,000 Velocity Point?
    From 125,000 Velocity point then convert to Krisflyer which is 1.35 Velocity = 1 Krisflyer will be equally 92,592 Krisflyer Point? Is it correct?
    One way business class to Singapore will be around $4000 paid by cash, definitely better than $1000 supermarket gift card with equal points.

    • lovetravellinginbiz on 10/12/2017 - 14:32

      Depending on time of year, business return from Melb/Syd/Brisbane to SG on SQ can be as low as $2800. You have to factor in that you can get up to 3 credit card points per dollar spent and mileage depending on status by buying a "cash fare" so the actual value may be lower than the scenario you have provided.

      • kollier on 11/12/2017 - 07:25

        Sorry, my bad, its not business class but first class.
        Basically same amount of point can get a first class which is $4000/way. I cant find any better way to claim my cc point now.

  • No Child Support on 13/12/2017 - 11:56

    How long does it normally take to transfer Citibank to velocity?

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