Since 2016, Flybuys and Velocity have offered frequent flyer members one of the easiest ways to earn points from day-to-day spending. From groceries to liquor, gardening equipment to office supplies, it’s never been easier to earn Flybuys points with Australia’s largest loyalty program.
And once you earn enough Flybuys points, it’s a simple matter to transfer points to Virgin Australia’s Velocity Frequent Flyer program, so you can get soaring sooner.
This is a beginner’s guide to help newcomers learn about the world of points.
Here’s everything you need to know about Flybuys:
How to transfer Flybuys points to Velocity
It’s easy to get started. You just need to have an account in both programs. Then link your accounts here.
- A minimum of 1,000 Flybuys points can be transferred over 500 Velocity Points.
- You can transfer unlimited points annually, in 1,000 Flybuys points increments.
- Points can be transferred manually, or set to ‘Auto Transfer’.
- You’ll normally get the transferred points (and any bonuses) instantly.
Read more: How to transfer your Flybuys points to Velocity →
Keep an eye out for bonus transfer offers between Flybuys and Velocity. Though these are increasingly rare, we have seen an occasional 5%-10% bonus on a one-off transfer offer.
How to earn Velocity Status Credits with Flybuys
Want to upgrade your status to Gold or Platinum, and get status perks sooner? Lounge access and priority check-in counters are two of the most sought-after benefits for elite frequent flyers. With Flybuys, you have another way to keep your Status Credits balance topped up.
- You’ll also earn 1 Velocity Status Credit for every $100 spent at Coles, Coles Online, Liquorland and First Choice Liquor. It doesn’t have to be in one transaction – it’s calculated across your whole monthly spend.
- There’s a limit of 10 Velocity Status Credits that can be earned each month through Flybuys spend. So in one year, you can get a maximum of 120 Status Credits.
- Occasionally (usually around Christmas), Flybuys may launch a promotion to earn double or even quadruple Status Credits (up to 4 SCs per $100 spent).
To be clear, you won’t earn any status perks outright just from shopping at Coles. But it will help some of you with earning or maintaining status levels in conjunction with flying with Virgin Australia.
Boost your Flybuys balance with bonus offers
Now that you know the basics, the secret is accumulating those points quickly. If you just go along earning one Flybuys point per dollar, it might take you years to achieve any meaningful reward! So the trick is to make use of bonus Flybuys offers, where thousands of points await.
As in the screenshot below, many of these offers are tailored. If you spend more with Flybuys, you’ll start to see offers with higher thresholds. Conversely, if you take a bit of a break (like I have), then you’ll get more tempting offers such as the ‘spend $60 and get 2,400 points’ deal.
TIP: If possible, alternate who uses their Flybuys card within a family, so the offers may improve over time. Or if you’re on your own, perhaps stop using Flybuys for a while and see if the offers get better.
Savvy shoppers will wait for Coles’ regular 10,000 bonus points deal (worth 5,000 Velocity Points). To snag this bonus, you just need to spend a certain amount at Coles every week, for four weeks, to get the prize. Once again, the spend thresholds are tailored to how often you shop at Coles – the more you shop, the higher the threshold.
Also check out Flybuys’ other partners for plenty of other ways to get bonus points, including utilities, health insurance, travel and more.
Read more: A beginner’s guide to earning points with Flybuys →
Flybuys and Velocity: how the maths stacks up
Flybuys points are worth a minimum of 0.5 cents per point. It’s easy to get this with minimal fuss, by redeeming 2,000 points for $10 off at Coles. This is our baseline value.
The challenge is how to get even more value in flights, by transferring points to Velocity Frequent Flyer. For example, let’s say you’ve diligently acquired 72,000 Flybuys Points, worth $360 at the checkout.
With that haul, you can transfer it to 36,000 Velocity Points. That’s then enough to redeem a one-way Business Class reward seat from Melbourne to Perth or Sydney to Nadi (Fiji), for example. Even with flight taxes and surcharges added on, your points will certainly be worth a lot more than $360.
You can also use Velocity Points on partner airlines such as Singapore Airlines, Qatar Airways, Etihad, Air Canada and United. Save up even more Flybuys points over time to enjoy an international Business Class reward seat!
For example, a one-way Singapore Airlines flight from Australia to Singapore in Business Class ranges from 38,000 Velocity Points (departing Darwin) to 67,000 points (departing Melbourne), plus fees and taxes. If you wanted to redeem that by converting Flybuys Points, you’d need to earn from 76,000 to 134,000 Flybuys points and send it to Velocity Frequent Flyer.
American Express Velocity Platinum
- Sign-up Bonus:
- Up to 100,000 bonus Velocity Points¹
- Rewards Earn Rate:
- 1.25 Velocity Points earned per $1 on all eligible spend except for government bodies⁵. 2.25 Velocity Points per $1 spent on selected Virgin Australia purchases⁵. 0.5 Velocity Points per $1 on Government spend⁵
- Annual Fee:
- $440 p.a.
- Offer expires
- 30 April 2026
- The American Express Velocity Platinum Card has 70,000 bonus Velocity Points on offer for new American Express Card Members who apply, are approved and spend $5,000 on eligible purchases within the first 3 months of approval, plus an additional 30,000 Velocity Points when you spend a minimum of $1 on your Card within 90 days of paying your second year annual Card Fee¹. (Offer ends 30 April 2026. New Amex Card Members only. T&Cs apply.) Includes several perks such as Virgin Australia Lounge Access² every time you fly domestically with Virgin Australia, 2 VA Guest Lounge Passes³ each year and a Complimentary Domestic Return Virgin Australia Flight⁷.
Summing up
The Velocity-Flybuys partnership is great for members who already shop in the Flybuys ecosystem, and want to earn points for rewards on Virgin Australia and its partner airlines. With bonus points offers, you can snag thousands of points with minimal effort.
Flybuys isn’t Australia’s largest loyalty program without good reason. It has a huge membership base and plenty of partners. It’s also a flexible points program, with different rewards. While getting $10 off at Coles is a useful option to have, you’ll still get the best value transferring points to Velocity Frequent Flyer.
Also read: maximising frequent flyer points through supermarkets →
Do you know if yr FB & Velocity are linked, but points Auto Transfer is OFF, do you still earn the SC’s from spend each month (and family pooling too)? …Was thinking, since there is no transfer points cap anymore, to just let FB’s points accumulate and do a manual transfer whenever they do a (rare) FlyBuys bonus transfer offer.
Hi Steve, yes, Status Credits still accrue when accounts are linked.
I have used Flybuys deals including buying petrol and the status value add extensively over the past 5-6 years and its worked well for us but its all seems to have dried up the last 12 months.
hi guys, some content is outdated, for example of transfer rate is incorrect, also there is no max cap for transfer atm , pls update
Looks interesting but SingaporeAir and Virgin have turned off international points redemption calculators so it’s not possible to do the maths on how many points are required for say Syd-London in each class, any help before close out would be appreciated
You can redeem VA points directly for SQ flights (except First Class/Suited).
The VA partner chart is online
Just on my previous question, if I transfer today (final day of offer) and get additional 15% points, what does that equate to too?
it seems 2000 flybuy points gives you $10 cashback. If you convert the 2000 points to velocity you get 870 points but what is the real cashback value of that with velocity? It seems about $5 to me and if only half the value, why would I transfer from flybuys to velocity?
At our valuation of Velocity points at 1.9c each, one might calculate a value of those 870 points as ~$16. This guide explains it the best.
Would like to transfer my velocity points into fly buys , can this be done ? Thanks Ross
No, they can’t be transferred in that direction (only flybuys > Velocity).
Hi Keith, I regularly transfer my Amex membership rewards to Velocity with the bonus deals are on but can you tell me how to transfer SPG points across to my Velocity account as I haven’t ever done that before.
How to transfer Starpoints to a frequent flyer program: log in to your SPG account > Redeem Starpoints > Travel > Transfer Air Miles.
Remember you’ll get a 5,000-Starpoint bonus when for every 20,000-Starpoint block transferred.
Do you have to spend over $100 to get 1 status point or is it accumulated over a couple of shops. Also how long after the purchase is it applied to the velicity account. (I am on a deadline to get to the next tier)
Hi Keith
I use both a velocity card and a prepaid Coles credit card to earn flybuys points (plus insurances).
I haven’t yet transferred my flybuys points over to velocity because I thought I would be losing out – so thank you for this article.
Coles have recently announced they’re no longer issuing prepaid credit cards and velocity is still promoting a bonus to transfer, over 6 months later.
Do you think there’s any particular reason behind this?
Thankyou! I felt this was roughly the case, but I couldnt quantify it. Really, thankyou!
Hello just wondering if you can purchase gift cards from Coles and still earn the status credits ?
No, these are excluded from status credit earn.
If I convert 18,000 Flybuys points (worth $90 cash), I will get 9004.5 Velocity points (including the current 15% bonus promotion). On the Velocity FF website, they sell $100 Myer Gift Cards for 18,000 Velocity points. Effectively, this means my 9,000 points are only worth $50. Holy crap!
I understand that the value is of Velocity is gained by redeeming flights, etc, but it’s scary how a noob could potentially lose 50% of their value by rushing to convert their Flybuys points and not understanding how to get maximum value from the Velocity scheme.
Hi Keith,
I have a quick question. I have been saving my Flybuys points to use for accommodation at some time in the future. Do you think I should continue saving them as Flybuys point or should I send them across to Velocity?
Lots of different things to consider here – it depends how you see yourself using them through Velocity (e.g. route, class of travel, time of year). Hard to generalise. You could ask with a few more details on your circumstances/preferences over in the Questions section?
If you value a return business class flight to Europe from say Brisbane it is roughly $7000 after paying the taxes ( I am talking Singapore/Kris Flyer ) or 161500 points with the 15% online booking discount.So $7000 divided by 161500 points =0.04334c per point,multiply 37043 points x .o4334c = $1605.58 worth of business class flight value.
Looks like you’re getting ahead of yourself and reverse calculating your redemption value. IF you can redeem for a flight that gives you 4.334c/pt of value, then yes 37043 points would be “worth” $1605.58. But when calculating EARN value, you probably would peg KFF at somewhere around 1.7c/pt and VA at around 1.3c/pt (as per Keith’s points valuation guide), meaning 50025 VA points gives you ~$650 and 37055 KFF gives you ~$630 (including the 15% bonus currently on).
Yes, when redeeming you would try to get the highest redemption value per point, but assuming that you’ll be able to land that redemption at that value may be putting the carriage before the horse. The points valuation post is a good place to start to get your head around FF values.
https://www.pointhacks.com.au/rewards-points-valuations/
Mu velocity card number is too long.
have tried 3 times to link F/F card and Velocity card but screen freezes.Unable to do this.
Hi Keith
I am curious as to how you work out what points are worth. If I have 100,000 Flybuys points ($500 worth of Coles shopping) and convert them to velocity I will receive 43500 points or 50025 with the 15% bonus. These points would convert to 37043 Krisflyer points which calculated on a $7000 business class flight to Europe (after taxes) is equivalent to $1600.Is this right or am I miscalculating somewhere.
Can you let me know how you worked this part out (not the conversion, but the $7,000 flight -> $1600 points value component. Thanks!
I’m still new at this so please bear with me if this has been covered! Since flybuys has introduced flybuys travel – I’d like to see a comparison on buying/redeeming travel through the flybuys travel site versus converting to velocity points and purchasing/redeeming travel at the converted rate please!
Hi Keith, and thanks for writing this article. So, what happens if I link my FlyBuys account to the Velocity account when it is already linked to the Etihad Guest account? Can it be even done? Do I get to double dip by getting Velocity Status Credits and the Etihad Guest Tier Miles at the same time when shopping at the Coles Group retailers?
I was wondering the same thing but saw it confirmed by a Flybuys rep elsewhere that it can be done. I’ve just linked my Flybuys account with Velocity. I can now see my Flybuys account as being linked with Etihad and Velocity currently, although its too soon to have seen any points or status credits go through yet.
I’d like to transfer my velocity points to flybuy points!!
It may be worth covering the Coles Rewards MasterCard now that FlyBuys can transfer to Virgin. The earn rate of 2pts/$ typically equates to 1% cashback with FlyBuys rewards, but if you value Virgin points at 1.3c/pt, 2000 FB pts would net you 870 Virgin pts valued at $11.31 instead of a $10 cashback/gift cards. Add that with the 15% bonus currently on (and that I assume will come around in the future), makes it worth ~1.3%/$. Not bad for a MasterCard with only $89 annual fee.
Further benefits include no intl fees much like the 28 Degrees MC, and the fact you earn FlyBuys points on those intl transactions, makes this a pretty decent MasterCard to keep in your wallet when travelling. And of course, FlyBuys points stack when you scan at the checkout at Coles.
Just to further my previous comment, in essence the Velocity point earn rate on the Coles Rewards MC is 0.87 pt/$, or 1pt/$ during 15% bonuses. The 138000 FB transfer limit does mean that you will be limited if you spend over $69000 on your card per year (minus any FB points earned by simply swiping your FB card), so it certainly isn’t a card for the big spenders, but it’s a solid earner for average folk. One thing to note though, is that after you hit your Velocity transfer limit you still earn full FB points on your spend, so you can always transfer more points next year if you go over, or settle for a 1% cash back equivalent on FB Rewards (which is more than many bank rewards programmes).
Other benefits include concierge service (which I haven’t tried), and free delivery on Coles Online orders over $100 (also a benefit I have yet to take advantage of). Points earned from MC spend are allocated to your FB account daily, and FB>VA transfers are pretty much immediate, something I already tested.
The card typically doesn’t have massive sign up bonuses, but they do run promos on a semi-regular basis of $100 off a Coles shop, or 20000 bonus points, which is enough to offset the first year’s fee. The low $89 annual fee and min credit limit of $6000 makes this a relatively accessible card with a decent points earn, meaning that the card can easily break even, especially if you make lots of foreign currency purchases.
To draw a quick comparison after the first year of card ownership, lets take a St George Signature Visa card. It carries a $279 annual fee and would have a 10% birthday bonus earning 0.825 QF points per dollar spent worth 1.4c each. The two complimentary Qantas Lounge passes are pegged at $50 each for the sake of the argument. If we only count local spend, the St George card would have to spend over $375000* before overtaking the Coles Rewards MC earning 0.87 VA points worth 1.3c each. If we take a 15% FB>VA transfer bonus in to the equation, the lines never even cross.
Switching over to KrisFlyer on the St George card (worth 1.7c each) but pegging the Priority Pass lounge passes at only $35 each (if that, seeing as how hard it is to redeem these passes locally), you’d have to spend $44200 to benefit over a Coles Rewards MC. After a 15% FB>VA bonus? $117900*.
I’ve had this card for a few years now, and in my mind this card has gone from an average card to a fantastic card. Yes, I did a lot of geeking out over the weekend, with lots of comparisons. =]
*Of course this doesn’t take into account the FB>VA transfer limit, but obviously this is just for illustration purposes. If you’re really spending that much anyway, you’d probably be better off with neither card and probably should go for something like the Citi Prestige.
With respect to the recent Velocity / Fly Buys partnership, is it better value to purchase flights with Fly Buys points via Fly Buy Travel (where the redemption of points includes taxes etc) or is it better value to transfer the maximum number of Fly Buys points to Velocity and redeem those points for a flight via Velocity (but pay the extra taxes etc via your credit card). I understand the Fly Buys Travel option would build in taxes etc but would still like to know which option represents the best value.
Probably best to compare each individual case rather than there being a blanket answer for every case. Flybuys travel uses the fixed 0.5c per point value so you can probably do better with Velocity (or Etihad) points, BUT using flybuys travel you’re booking a cash fare rather than a reward ticket so you won’t have the same issues with availability etc.
Hi Keith,
Am I right in my assumption that it will in some cases still be better to transfer any flybuys points you have to Etihad Guest for Virgin Australia Domestic economy reward redemptions?
One example that springs to mind would be Melbourne to Hamilton Island for 6900 Etihad Guest Miles plus taxes which is equivalent to 17,250 fly buys points at the current transfer rate of 10,000 flybuys points for 4,000 Etihad Guest miles
If redeeming a seat through Virgin this would set you back 17,800 Velocity points plus taxes which using the standard transfer rate of 2000 flybuys points for 870 velocity points comes out at 40,920 flybuys points. Even at the current bonus 15% transfer rate would still come in at 35,582 flybuys points
If you’re in the so-called Etihad sweet spots, then you’re right. For most flights on VA’s domestic network the amount of points/miles is the same between Etihad and Virgin for redemption, so you’d have (slightly) better value redeeming your flybuys points to Virgin (870 points for 2000 flybuys) over Etihad (800 miles for 2000 flybuys). However for some cases like the one you mentioned (MEL-HTI) there is a big difference (you’re in the Etihad sweet-spot) so yes you’d have much better value going via Etihad.
Does family pooling come into play? 2 seperate flybuys accounts mean twice as many SC annually?
Yes, but only makes a difference if you know you’re going to meet the spend threshold ($1,000 pcm) for SC’s each month with one account.
In the terms and conditions, it states that status credits cannot be earned on gift cards.
So status credits double-dipping wouldn’t work unfortunately, but would you still get the double up on flybuys points?
Yes, this is a pretty neat way of Coles implementing the partnership with both airlines – if you add both membership numbers to your flybuys account you’ll pick up status in both.
Hi Keith
I am curious as to how you work out what points are worth. If I have 100,000 Flybuys points ($500 worth of Coles shopping) and convert them to velocity I will receive 43500 points or 50025 with the 15% bonus. These points would convert to 37043 Krisflyer points which calculated on a $7000 business class flight to Europe (after taxes) is equivalent to $1600.Is this right or am I miscalculating somewhere.
Thanks for the article Keith, it is a nice opportunity to earn a few extra SC’s.
A lot of us have been wondering when are you going to cover the fare structure changes and frequent flyer changes that VA have made recently. The getaway, elevate and freedom fares and changes to SC earn is a huge deal and it hasn’t been mentioned once on pointhacks.
Thanks Danny – I haven’t been through the fare structure changes – and probably should. But as a general rule ‘how to earn status’ is a secondary consideration for us when deciding what to write about, and prefer to prioritise new and guides for points earn + burn.
Love the nerdy angle you have included in the update! Do you know if status credits will be given for the flybuys points that we have already collected (prior to today) and transfer over to Velocity? I have close to 180,000 fly buys points that I have been saving for some reason. Maybe I can use the max number and get the 15% bonus. Getting status credits as well would be the cherry on top!
As far as I can see status is earned for spend from today onward, and isn’t related to the points you transfer.