If you only have half of the required Velocity points for a redemption on Virgin Australia or a partner Singapore Airlines or Etihad, you can now buy the remaining points needed online, however, there are some caveats.
- You can now purchase points online instead of over the phone
- You now only need 50% of the points needed to redeem the specific reward you want instead of 80% previously
- Now selling through points.com instead of directly through the airline
The essential info
- Points can be used for flights on Virgin Australia and partner airlines like Singapore Airlines, Etihad and Virgin Atlantic; upgrades; online shopping; hotels and more
- Different to US programs like United MileagePlus, AAdvantage and Alaska Airlines Mileage Plan in that you must already have half of the points for the redemption in your account and you must nominate how you’ll be using them—with other programs, you can start from a zero balance and do what you want with the points
- 50,000-point maximum purchase in blocks of 500 points
- The price per point varies according to the level, e.g. 500 points = $18 total = 3.6c per point // 25,000 points = $677 total = 2.7c per point // 50,000 points = $1172 total = 2.3c per point (approx; all prices include GST)—the best value is at the top tier
- The pricing is the same as it was over the phone
- Points can be purchased twice per member per calendar year
Note: Velocity points expire after 24 months of inactivity in your account, make sure to keep your account active by earning/redeeming points regularly.
One of the best uses of Velocity points is for flying Business Class between the East and West Coasts of Australia for 35,500 Velocity points one-way.
If I had, say, 20,000 Velocity points already in my account, I could top up with 15,500 points for $461.
Other ways to earn Velocity points
- The highest Velocity point-earning credit cards
- Buy Starpoints and transfer to Velocity
- Transfer credit card and flybuys points to Velocity during promotions
- Family pooling
- Velocity bonus point offers
Make sure there is award availability for the redemption you are eyeing off before purchasing the points needed to top up your balance.
As we aim to get at least 1.9c per-point value from Velocity points, I’d suggest you only buy points for a specific redemption rather than speculatively—indeed, with the rule of needing to nominate what you’ll use the points for, it’ll need to be specific (however, how does the airline know that what you have nominated the points as being used for ends up being the actual redemption?).
There is no talk (at least for now) of bonus miles promotions or discounts like the US airlines run but I wouldn’t rule that out in the future. In that case, we may see a devaluation of the Velocity award charts.