Amex Platinum - Velocity Points Bonus and Status Upgrade

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I received an email from American Express Platinum this morning offering me the opportunity to transfer my points during the month of May to Velocity Frequent Flyer to receive bonus points and a status upgrade. The offer includes a transfer of minimum 250,000 points to 500,000 points to receive 25% bonus points and gold status membership with Velocity for 12 months, and minimum 500,001 points to 750,000 to receive 30% bonus points and platinum membership for 12 months. You can also earn 40% bonus points with 750,001 Amex points transfer, and platinum status with Velocity.

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