Every May and November, and often in between, Velocity offers bonus points when you transfer from one of its partner programs. They are generally a great deal for those who had a specific Virgin Australia or partner flight redemption in mind.
The last time a transfer bonus was run was last month for most members was back in May. Amex Card Members got a special bonus back in August and flybuys customers in June.
Current transfer bonus offer
Dubbed the 15% EOY Bonus promotion, Velocity members are able to earn 15% bonus Velocity Points on most rewards points transfers.
As with previous campaigns, some banks and hotels are missing from this campaign’s list. So make sure to check that your service provider is offering the bonus transfer before transferring your rewards points to Velocity.
To be eligible for the 15% bonus Velocity Points, make sure to transfer your reward points to Velocity Frequent Flyer by 30 November 2019 at 11:59pm AEST.
The following partners are participating in this campaign:
Unfortunately, CBA is again missing in action this campaign. Unlike previous campaigns, it appears that Citi has removed its ‘Points Booster,’ which provided an additional allocation of bonus on top of the standard 15% bonus.
ANZ, however, has retained its ‘Points Booster,’ this time offering an additional 15% points on top of the standard 15% bonus. This means that ANZ Rewards and ANZ Business Rewards members will receive a bonus of 30% when they transfer their rewards points.
New to the mix is KrisFlyer. When members of Singapore Airlines’ frequent flyer program transfer their KrisFlyer miles to Velocity at the standard rate of 1.55 miles to 1 Velocity Point, they will receive a bonus allocation of 15% Velocity points. This results in the effective transfer rate of ~1.35:1 during the promotion, an improvement to the standard 1.55:1 and winding us back to the pre-devaluation rate.
You can initiate your transfer here.
Sometimes knowing how Velocity has run this offer in the past may help you to decide if you should take advantage of it now. Here is the offer history:
- December 2019: 15% bonus for flybuys
- November 2019: 15% bonus for most bank rewards programs, flybuys and KrisFlyer; 30% for ANZ
- July-August 2019: 15% bonus for most Amex Card Members; 20% bonus for Platinum and Centurion Card Members
- June 2019: 15% bonus for flybuys
- May 2019: 15-25% bonus for most bank rewards programs; 15% for flybuys; 20% for hotel loyalty programs; 25% for CommBank; 50% for ANZ
- March 2019: 11% bonus for flybuys (targeted?); 15-25% bonus for Amex Membership Rewards Card Members
- November-December 2018: 15% bonus for flybuys, most card and hotel partners; 30-50% bonus for select partners
- August 2018: 15% bonus for Amex Membership Rewards Card Members, 20% for Membership Rewards Ascent
- May-June 2018: 15-60% bonus for bank rewards and hotel loyalty programs and flybuys (tiered); earn Velocity Gold or Platinum status by transferring Amex points (only for Platinum, Business Platinum and Centurion Card Members); get two lounge passes when transferring 100,000+ points from bank programs and flybuys
- February 2018: 30% off Velocity redemptions for Virgin Australia and some partner travel in all classes; 15% bonus for Amex and flybuys
- December 2017: 15-30% bonus for bank rewards programs (tiered); 15% for flybuys
- November 2017: 15% bonus for bank and hotel rewards programs and flybuys; 20% bonus for Amex Platinum Charge; 30% bonus for ANZ Rewards; earn Velocity Gold or Platinum status by transferring Amex Ascent points
- July 2017: 10% bonus for flybuys; 15% for Amex; 25% bonus for Amex Platinum Charge
- June 2017: 15% bonus for bank rewards programs; 20% bonus for hotel rewards programs
- May 2017: 15% bonus for bank and hotel rewards programs; 25% for Amex Platinum, Business Platinum and Centurion; 50% bonus for ANZ Rewards
- March 2017: 15% bonus for flybuys
- November-December 2016: 15% bonus for Amex and flybuys; 30% bonus for Amex Platinum Charge
- May 2016: 15% bonusfor bank and hotel rewards programs; 25% bonus for Amex Platinum Charge & tiered bonuses for ANZ Rewards
- November 2015: 15% bonus
- May 2015: 15% bonus, 15% discount
- November 2014: 15% bonus
- May 2014: 10% bonus, 10% discount
- October 2013: 15% bonus, 15% discount
- April 2013: 15% bonus
- October 2012: 15% bonus
- February 2012: 30% discount on domestic redemptions
- September 2011: 20% bonus
General tips and hints for Velocity’s transfer and redemption promotions
I am a big fan of the bonus points for transfers from partner programs, and redemption discount promotions from Virgin Australia’s Velocity program, which run around twice per year.
The transfer bonus points are usually credited alongside the main stash of points you transfer over, so you don’t have to wait around for them to show up.
If you’re planning on making a transfer to empty out one of your credit card program or flybuys accounts, then you’ll probably want to wait as late as possible in the promo period to ensure you can transfer the most possible points.
They have previously offered double promotions—encouraging those of you with stockpiled credit card program points an incentive to move them over to Velocity, whilst also rewarding those with points in their accounts already—although 15% seems to be the norm.
Any discount on redemptions is usually for around 12 months from the date of booking, so if you hold on until the end of the promotion it opens up the calendar for you. The redemption discount is applicable to any Virgin-operated flight, both domestic and international.
Other ways to take advantage of redemption deals for future travel on Virgin Australia
You can also book travel and change the date after the discount promotion ends, copping a change fee ($60 change fee on international flights) but additional points will be charged if this is done outside the promotional period.
This is a significant boost to the value of Velocity Points during the promotional period, so well worth considering a redemption if you have upcoming travel in mind for the promo period.
Summing up: are these promotions a good deal?
These Velocity promotions are a usually great deal if you have a stash of credit card program points you know you want to transfer over to Velocity.
A 15% bonus is common now, running at the same times each year—it makes a great benefit for those who can plan ahead and hold cards from one of the included credit card rewards program partners that usually benefit.
If you have a large points balance outside of Velocity and a low Velocity balance, then it could make sense to move some points over speculatively in advance of redeeming them in future.
If you have no short-term plans to redeem points with Velocity, then it is probably not worth making the transfer though—the loss in flexibility of your points (because they then cannot be transferred to be used anywhere else) is not usually going to be worth picking up the bonus.
How do you plan on taking advantage of the current bonus?