One of Flybuys’ biggest partners is Velocity Frequent Flyer, the loyalty program of Virgin Australia. You can swap Flybuys points for Velocity Points and redeem them for flights on Virgin Australia and partner airlines, even in Business and First Class.
The standard transfer rate is 1,000 Flybuys points to 500 Velocity Points. Here’s how you can take advantage of this partnership to maximise your frequent flyer points.
Not familiar with Flybuys? Watch this video to learn more:
How do I transfer Flybuys points to Velocity?
Flybuys points can be transferred in increments of 1,000 points, whereby 1,000 Flybuys points = 500 Velocity Points.
Login to your Flybuys account and go to ‘Redeem points, then scroll down to find ‘Velocity Points’ or just click here.
Choose the number of points you want to convert, and confirm the transaction. Every 1,000 Flybuys points = 500 Velocity Points.
The points will usually be transferred to your Velocity Frequent Flyer account instantly, but allow up to 48 hours. Your Flybuys points balance will also be updated in this time. You can check the activity history in your Velocity Frequent Flyer account, and any transfer bonuses will be shown here too.
That’s it! Enjoy your Velocity Points.
With your Velocity Points, you can redeem them for flights on Virgin Australia and partner airlines. Read our best uses of Velocity Points for more inspiration, or check out some of our very own Experience trips we’ve taken using Velocity Points:
Redeem Velocity Points to fly Business Class with program partner, ANA. [Photo: Brandon Loo]
Are there Flybuys transfer offers to Velocity Frequent Flyer?
Flybuys usually has a few bonus transfer offers each year. You will receive an email about the latest offer, or it may show up in the Flybuys or Velocity app.
Some bonus offers we’ve seen include:
15% bonus Velocity Points when you set up auto-transfer from Flybuys.
500 bonus Flybuys points and 500 bonus Velocity Points when you link your accounts and complete your first auto transfer.
If you’re not in a rush to redeem your Velocity Points, you could keep your Flybuys points locked away (i.e. turn auto transfer off) until there is a Velocity transfer bonus.
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How much are Flybuys points worth?
It’s hard to pin down a value for Flybuys points, as that depends on what you use them for. As a base reference, 2,000 Flybuys points is always equal to $10 off at Coles, so that’s a fixed 0.5 cents a point.
But you can definitely get more value out of Flybuys points by transferring them to Velocity Frequent Flyer, then using your Velocity Points for reward seats in premium cabins. This way, you could extract around 1.5-2 cents of value per point – or upwards of three times the value you’d receive at the checkout.
For example, take a look at our recent trip from Adelaide-Melbourne-Doha on Qatar Airways’ Qsuite using Velocity Points. We paid 104,000 Velocity Points, which, if converted from Flybuys, would be equivalent to 208,000 Flybuys points.
The same amount of Flybuys points would fetch you a discount of $1,040 at the checkout. This is a value of 0.5 cents per point, which doesn’t sound too bad at all if you want to offset your grocery shop, or save your points until Christmas.
But by converting Flybuys points to Velocity Points, and using the points to book a Business Class seat worth over $8,000, we received a value of 3.7 cents per point. That’s well above our current points valuation, and more than three times the value you’d receive at the checkout. On this particular route, we paid $459 in fees and taxes.
For those interested, the calculation of this value is ($8,140 – $459) ÷ 208,000 × 100 to get the answer in cents per point.
Redeem Velocity Points to fly Qatar’s world-class Qsuite from Australia. [Photo: Tobias Venus]
Other uses of Flybuys points: Flybuys dollars
On the off-chance you don’t want to transfer Flybuys points to Velocity, you could convert them to Flybuys dollars at a fixed rate of 0.5 cents per point. This means 2,000 Flybuys points = $10.
While we don’t recommend doing this if you can transfer your Flybuys to Velocity Points and use them for a flight, we understand that you might simply not have any travel in mind.
If you want Flybuys dollars instead, follow these steps:
Ensure you’ve set up a PIN for Flybuys dollars. This is because you will swipe your physical Flybuys card to redeem Flybuys dollars, and need a PIN to authorise the transactions.
Follow the prompts to convert 2,000 Flybuys points into $10. You can do this step multiple times as your balance allows.
You now have Flybuys dollars ready to spend in-store at various retailers, including Coles Supermarkets, Coles Express, First Choice Liquor Market, Kmart, Liquorland, Officeworks, Target, and mycar. At the time of writing, Flybuys points cannot be used for online purchases.
When redeeming Flybuys dollars in-store, make sure to have your physical Flybuys card and PIN handy. Check your Flybuys dollars balance here.
Summing up
Flybuys points are very versatile and can be used for flights or shopping. While we always recommend transferring to Velocity Points to maximise the value of your Flybuys points, you do have the option of Flybuys dollars for money off your shop instead.
Ultimately, the choice comes down to your future planned travel and personal circumstances. It may be better to leave Flybuys points unredeemed in your account until you’re sure of your next move.
This article was originally written by Evin Tan Khiew.
Is it worth transferring Flybuys points to Velocity Points?
Yes, in most cases it’s worth transferring Flybuys points to Velocity Points if you have travel in mind and can find the reward seats to redeem it on, especially for Business and First Class flights.
How do I convert Flybuys points to Velocity Points?
Read the guide above for step-by-step instructions on how to convert Flybuys points to Velocity Points.
How much is 2,000 Flybuys points worth?
As a base reference, 2,000 Flybuys points is always equal to $10 off at Coles, so that’s a fixed value of 0.5 cents a point if you’re using it for Flybuys dollars.
If you had 16,000 Flybuys points and converted it to 8,000 Velocity Points during a 15% transfer bonus, and then used those points to redeem a short flight normally worth $200, then that is theoretically 1.25 cents per Flybuys point of value, which is much better value!
How to transfer your Flybuys points to Velocity Points was last modified: August 27th, 2024 by Victoria Kyriakopoulos
You made a mistake when assigning a Flybuy as 3.57c, as you didn’t account for the conversion of the Flybuys into Velocity points. It should be half of what you calculated.
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