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Virgin Australia - 100% Bonus Points on Point Purchases up to 100k Points

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Virgin Australia - 100% Bonus Points on Point Purchases up to 100k Points
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Tovers93 on 16/10/2020 - 16:36 buy.points.com (175 clicks)
Last edited 16/10/2020 - 16:38

Just received an email about VA doubling point purchases upto 100k. I've done the maths below which shows better value from 50k points upwards where you hit 1.17c per point

I know the typical value of points is 1c each, which this exceeds. But combined with the current 30% off economy reward bookings then it could be equivalent to 0.82c per point cost.

Then obviously redeeming for business delivers much better value vs cash price

Points Cost Doubled To Cost (c) per Point
1,000 $36 2000 $0.0180
1,500 $51 3000 $0.0170
2,000 $68 4000 $0.0170
2,500 $85 5000 $0.0170
3,000 $101 6000 $0.0168
3,500 $118 7000 $0.0169
4,000 $135 8000 $0.0169
4,500 $152 9000 $0.0169
5,000 $168 10000 $0.0168
6,000 $201 12000 $0.0168
7,000 $233 14000 $0.0166
8,000 $264 16000 $0.0165
9,000 $296 18000 $0.0164
10,000 $325 20000 $0.0163
11,000 $353 22000 $0.0160
12,000 $375 24000 $0.0156
13,000 $399 26000 $0.0153
14,000 $427 28000 $0.0153
15,000 $452 30000 $0.0151
16,000 $469 32000 $0.0147
17,000 $492 34000 $0.0145
18,000 $512 36000 $0.0142
19,000 $535 38000 $0.0141
20,000 $555 40000 $0.0139
21,000 $580 42000 $0.0138
22,000 $605 44000 $0.0138
23,000 $629 46000 $0.0137
24,000 $653 48000 $0.0136
25,000 $677 50000 $0.0135
26,000 $698 52000 $0.0134
27,000 $720 54000 $0.0133
28,000 $743 56000 $0.0133
29,000 $765 58000 $0.0132
30,000 $787 60000 $0.0131
35,000 $894 70000 $0.0128
40,000 $994 80000 $0.0124
45,000 $1,086 90000 $0.0121
50,000 $1,172 100000 $0.0117
60,000 $1,404 120000 $0.0117
70,000 $1,638 140000 $0.0117
80,000 $1,872 160000 $0.0117
90,000 $2,106 180000 $0.0117
100,000 $2,340 200000 $0.0117

Travel Airfare Frequent Flyer Reward Points Velocity Frequent Flyer Virgin Australia

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closed Comments

  • mbck on 16/10/2020 - 16:39

    Virign going down the cheap route? Maybe not bottom dwellers like Tiger, but cheap means less service, less lounges…

    I'd probably transfer to krisflyer instead if the redemption are ok

    • arctan on 16/10/2020 - 16:41
      +3

      It is still blocked I think.

      • mbck on 16/10/2020 - 16:44

        I meant for those chasing business class redemption, its better to transfer out to krisflyer. I dont know how good virgin business class will be moving forwards.

        They've mentioned a few things but the new ceo is from jetstar,…so….

        • nightelves on 16/10/2020 - 16:46
          +1

          Don’t think you can transfer to Krisflyer in the foreseeable future as Virgin have cut points and status earning with their airline partners.

          • [Deactivated] on 16/10/2020 - 16:53
            +2

            @nightelves: Don't think you'll ever be able to again, you could only do it before as Singapore were part owner of Virgin. After having their shareholding obliterated and losing millions, I doubt they'd consider getting back into bed with them.

            • nightelves on 16/10/2020 - 16:54

              @[Deactivated]: Yeah that’s what I’m thinking as well. Kinda thankful I made the decision at the time to transfer to Krisflyer as that portal was blocked two days later.

      • douglasac10 on 16/10/2020 - 22:31

        Given that SIA no longer have a stake in Virgin, I don't forsee it coming back any time soon either.

    • capslock on 16/10/2020 - 20:10
      +1

      Krisflyer have a 3 year hard expiry. If borders stay closed for that long then Krisflyer points are worthless.

  • arctan on 16/10/2020 - 16:42

    I know cashreward works with Points.com so its possible to get another 7% off on purchase.

  • elitistphoenix on 16/10/2020 - 16:42

    If they don't change all their rewards with the new CEO

  • ajole on 16/10/2020 - 16:53
    +4

    This is highly prospective, almost no value in buying VA points for economy domestic redemptions.

    VA business will not look like 'business' by the time things are back to normal. Bain Capital has changed VA's value proposition…closing lounges, reducing service overheads, no international long haul.

    Also I would say with SIA's ownership either changed or removed with the recapitalisation, the ability to transfer VA points to SQ would likely end. There is already an end date for partner airline points claims of April 2021

  • 1zero1 on 16/10/2020 - 19:18
    +2

    At this juncture, would not buy any points from VA no matter how cheap. May end up flying a Jetstar equivalent airline. Bain Capital is notorious in stripping new acquisitions clean of all assets and bail out. Lucky Velocity is at least a stand alone entity but for how long. There are always ways to dip their dirty hands in. Pity the staff who voted in confidence of Bain keeping their words.

    • onlinepred on 17/10/2020 - 10:02

      So if I want to buy flights tomorrow, I shouldn't buy these points to use at a discount?

  • Spending2Much on 16/10/2020 - 19:42

    Still got 220k of VFF points that are sitting there going dormant 🙄🙄

    • blueyez on 21/10/2020 - 00:13

      Yep same boat for me

  • pascher on 16/10/2020 - 20:28

    I used to work for this airline… I would caution against anything on offer, although the airline has been bailed out the product offering for what you think you may be receiving will be very different to what you will get… personally I saw the writing the wall long before I lost my career and I got my family to cash out of VA points in Kris miles or GC equivalents….

  • jecec on 16/10/2020 - 20:33
    +2

    This is like Capital raising in disguise.

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