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50% Bonus Points Transfer to Velocity: ANZ Rewards

900
50% Bonus Points Transfer to Velocity: ANZ Rewards
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its on 01/05/2018 - 17:38 anzrewards.com (1279 clicks)
Last edited 30/05/2018 - 09:34 by 1 other user

For the month of May, when you redeem your ANZ Reward Points for Velocity Points, you could be eligible for a 50% points bonus*

Offer available from 1 May 2018 to 31 May 2018 10 June 2018

Terms and Conditions
Earning ANZ Reward Points: Reward Points accrue in accordance with the ANZ Rewards – Rewards Program Terms and Conditions booklet (please call 13 13 14 for a copy). Purchases which are not eligible to earn Rewards Points are described in the ANZ Rewards – Rewards Program Terms and Conditions booklet, e.g. fees, cash, cash equivalent transactions, balance transfers, and transactions for gambling or gaming purposes will not earn Reward Points.
*To redeem ANZ Reward Points for Velocity Points, individuals must be both an ANZ Rewards account holder and a Velocity Frequent Flyer member. The earning and redemption of Reward Points is subject to ANZ Rewards – Rewards Program Terms and Conditions (available at anzrewards.com). A multiple of 2 ANZ Reward Points is required for manual redemption and a multiple of 2,000 ANZ Reward Points is required for any Auto-Redemption. Each of the 2 Offers below will be calculated as the percentage (20% or 30% as relevant) of the base number of Velocity Points you will receive when you convert your ANZ Reward Points to Velocity Points, before any other bonuses are applied. You will receive your points in three (3) separate transactions; your base redemption plus your two bonus redemptions:

  1. Velocity 20% Frequent Flyer Offer: The Velocity Frequent Flyer bonus is available for every successful manual redemption or Auto-Redemption of ANZ Reward Points for Velocity Points made from 1 May 2018 to 10 June 2018. It can take up to 5 business days for these Velocity Points to appear in the Velocity Membership Account.

  2. ANZ 30% 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 2018 to 10 June 2018. It can take up to 5 business days for these Velocity Points to appear in the Velocity Membership Account.
    It can take up to 28 days for your reward to be sent to you once you qualify for the Auto-Redemption. If an Auto-Redemption has been processed, any changes made to Auto-Redemption preferences will only be applicable for future redemptions. To set up, change or cancel future Auto-Redemption options and for further information, please see ANZ Rewards – Rewards Program Terms and Conditions which are available at www.anzrewards.com. Velocity membership and Velocity Points are subject to the Velocity Member Terms and Conditions, available at velocityfrequentflyer.com. Membership of Velocity is the cardholder’s responsibility. ANZ takes no responsibility in respect of any delays in processing Velocity Points under this offer and accepts no liability for any loss suffered as a result of any delay. Once ANZ Reward Points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms & Conditions and cannot be reversed. ANZ holds no responsibility for flight availability, which may be limited, or any other redemption items available at velocityfrequentflyer.com. Flight availability is at the sole discretion of the Velocity Airline Partner.

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closed Comments

  • Coops1 on 01/05/2018 - 18:38
    +2

    Blimey, looked at lunchtime and only 20%…..took them a while to launch the extra 30%

  • Your Friend on 01/05/2018 - 18:42

    been waiting for this thanks OP

  • knasty on 01/05/2018 - 18:45

    Was wondering what to do with the 75,000 free points from the recent promo. Thanks!

    • nightelves on 01/05/2018 - 19:11

      So does that mean it's 75k Velocity if transferred right now?

      • Spizz on 01/05/2018 - 20:37
        +2

        75000 Anz would normally get you half ie. 37500 point's. With the 50% Bonus you would get 56250 Velocity points from your 75000.

        • nightelves on 01/05/2018 - 21:16
          -2

          Oh I thought it works the same way like flybuys. Would have been sweet if it was 1:1

  • ChesoRepresent on 01/05/2018 - 18:55

    I thought generally you end up with less when converting to another company's points. JB Hi-Fi gift cards, for example, cost 18,000 on Velocity rather than ANZ Rewards which is great in general but if I were to convert 20,000 from ANZ I'd only get 15,000 even with the bonus. How does everyone else use their points?

    • nubix on 01/05/2018 - 18:59
      +1

      15000 is about a return economy flight from syd to mel for example (especially good for last minute and peak season flights). better value can be found in international premium cabins of course

    • vr4indian on 01/05/2018 - 20:04

      Where do we get this conversation? How can I buy JB cards through velocity points?

      • Ughhh on 01/05/2018 - 20:21
        +2

        Google Virgin Velocity —-> redeem points

        • vr4indian on 01/05/2018 - 21:37
          -1

          Thanks mate

          $200 JB HIFI = 44,445 ANZ Reward Points
          $250 JB HIFI = 45,000 Velocity pts

  • ddr0001 on 01/05/2018 - 19:15
    +1

    I transferred this morning, I assume ill get the extra 30%.

    • Skurfer on 01/05/2018 - 19:21

      Yep same. Fingers crossed. It does say from 1 May so should be right.

    • its on 01/05/2018 - 20:09

      Yes you will

  • Your Friend on 01/05/2018 - 19:44

    Is there a cool down between doing multiple transfers? Wondering if I should transfer now + at end of month or just once at end of month

    • its on 01/05/2018 - 20:10
      +2

      There is no cool down.. but I normally do once at end of the month.

  • someguycalledpaul on 01/05/2018 - 19:53

    Is this the best way to cash in ANZ reward points? I've just checked and have 127k worth.

    • nightelves on 01/05/2018 - 20:11
      -2

      Absolutely! With that you're 3k shy of getting return business class with Singapore Airlines. I'm guessing 127k Anz Rewards equals 127k Velocity FF.

      • happychild100 on 01/05/2018 - 20:15
        +1

        2 ANZ points equals 1 velocity point. Plus the bonuses i guess

      • Charlie-B on 01/05/2018 - 20:19

        I don't think you'll get one for one. 127k ANZ rewards will get you about 95k Velocity, as you get 50% of the base velocity points instead of ANZ reward points.

        EDIT: I see ANZ rewards gives you 0.5 velocity per point, where ANZ travel gievs you 0.75 velocity point

  • xyron on 01/05/2018 - 20:13
    +1

    brilliant, this means my effective earn rate on my ANZ Travel Rewards Visa is now to 1 Velocity point per $1 instead of 0.75 points per dollar (on the basis of 1.5 ANZ points per $1 earn rate)

    EDIT - at least for the month of May!

    • T-man on 01/05/2018 - 20:33

      for the first $2000 only, after that, it is 0.5 pts / $1 spend

  • ely on 01/05/2018 - 20:39

    I'm somewhat confused here - I can't see any condition around the "could" part, how would you not qualify? And also confused by this as it seems to have different numbers compared to the current Velocity promo.

    • ely on 01/05/2018 - 20:46

      I see, the 20% bonus and the tiered bonus are not commutative, they're one or the other. So the velocity bonus for ANZ is 20% and then ANZ stacks their 30% on top.

      • kickling on 01/05/2018 - 21:47

        Also confused. Both paragraphs only require you to do a valid points transfer (ANZ to Velocity) within the specified dates … therefore you would not ever fail to get the additional 30% ??

        Are they separating the 20% and 30% to highlight that one promo is run by Virgin, and the other run by ANZ?

        • ely on 01/05/2018 - 22:35

          They are sending are separating it out. Maybe just because the 20% is at the discretion Velocity, that being their promo?

        • kickling on 03/05/2018 - 10:39

          @ely: yeah must be… I don't understand the "could" condition but anyway it's a good deal

  • kimba88 on 01/05/2018 - 22:29

    I just realised I never received my 30% booster from the last promotion in November i think it was. I think i'll have to contact somebody about that. Anybody else had this issue before?

  • clx on 01/05/2018 - 22:36
    +1

    I'm so confused. The velocity site gives us a different conversion rate on a sliding scale based on the number of velocity points you transfer. ANZ and Velocity need to sort out their messaging.

    https://go.velocityfrequentflyer.com/bonanza?cmpid=vf:edm:pr…

    • Charlie-B on 01/05/2018 - 22:42

      They're separated into two columns, the ones on the left are on the sliding scale, right is 20% fixed.

      • clx on 01/05/2018 - 23:04

        Where are you seeing these left and right columns?

        • kelea on 01/05/2018 - 23:21

          Where the bank logos etc. are. ANZ is in the lot of logos on the right hand side.

  • Catsfan070911 on 02/05/2018 - 10:39
    +1

    I'll be watching me Velocity account with a keen eye to make sure I receive both the 20 and 30% bonuses :). Hopefully no need for a follow up phone call. Transferred points, first thing on May 1st :).

    • Catsfan070911 on 03/05/2018 - 10:43

      All arrived, safe and sound :)

  • kanad on 18/05/2018 - 21:31
    +1

    I got a printed reward summary in post today from ANZ. It states the May bonus offer has been extended to 10th June 2018.

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