GW2500
Activate your Velocity Global Wallet® account using the promo code GW2500 and get 2,500 bonus Velocity Points when you transfer AU$2,000 or more into a foreign currency wallet within 3 months from card activation.
Earn 2,500 Velocity Points When You Activate Global Wallet & Transfer $2000 into Foreign Currency
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Definitely NOT worth the exchange rate they give, for sure.
Is their rate visible online anywhere?
Visible on the Global Wallet app
Calculate roughly how much your points will be worth – times them by 0.01 (one cent) as per this Choice article
points are worth around 1c each at best, when used for a flight, same as for Qantas. So $25. (edit: beaten by strike1)
Less if used for merchandise.Current conversion rate: 1 AUD = 0.65363 USD , xe.com 0.68861 , 5.1% margin. x $2000 = $102. You must be @#$% kidding me!
(I have their card, but use it for AUD only, as prepaid debit card online.)I'll stick with Citibank or ING thanks for foreign currency transactions.
https://www.ozbargain.com.au/wiki/cards_with_no_overseas_tra…
This is why you need to pay attention in maths class kids! If you can't add up, people will screw you over.
I try and tell my parents this as they still use "fee free" travel cards. The margin on the Forex is the fees.
What’s 2500 velocity points worth?