Two days left: 30% off Velocity redemptions promotion

Velocity Frequent Flyer transfer and redemption bonuses guide

GUIDE: Using Points
TIME TO READ: 4 minutes
POSTED: February 27, 2018
UPDATED: February 27, 2018
LOYALTY PROGRAMS: Velocity Frequent Flyer, American Express Membership Rewards

If you’ve got a redemption in mind on Virgin Australia or one of their partners, now is a good time to book.

Offer: 30% off Velocity redemptions

The 30% discount is available on all Reward Seats on flights operated by Virgin Australia, Virgin Atlantic, Alitalia, Delta Air Lines and Air New Zealand (Trans-Tasman only).

This offer runs until 28 February 2018 and is valid for flights from 15 March 2018 until 9 January 2019.

It includes domestic and international flights, as well as travel in all cabin classes—Business, Premium Economy and Economy.

Click here for the full terms and conditions of the offer.

If you are looking for inspiration, here are some of our favourite ways to take advantage of this promotion.

All Velocity members should be able to access this promotion without going to a special promotion page or entering a code, i.e. it is not targeted. You should see the discount automatically applied both online and over the phone.

Feel free to share your redemption ‘wins’ in the comments below!

P.S. If you have already booked, you won’t be able to be eligible for a refund of the difference in points. You might want to do the maths, though, to see if paying the cancellation fee and re-booking with the discount makes sense for your situation.

Singapore Airlines Business Class is one of the best uses of Velocity Points

General tips and hints for Velocity’s transfer and redemption promotions

I’m 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.

Offer history

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’s the offer history:

  • February 2018 (current offers): 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

Is this a good deal?

These Velocity promotions are a usually great deal if you have stash of credit card program points you know you want to transfer over to Velocity.

A 15% bonus is becoming 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 no short term plans to redeem points with Velocity, then it’s probably not worth making the transfer though – the loss in flexibility of your points (because they then can’t be transferred to be used anywhere else) is not usually going to be worth picking up the bonus.

There are two exceptions to this: primarily, if you have card in a credit card rewards program that has few transfer partners, like CommBank Awards—and know you won’t be cashing them out for gift cards or other merchandise and want frequent flyer points instead, then you might as well transfer now and pick up the bonus.

Secondly, 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.

What about Velocity to KrisFlyer transfers?

Another transfer option/incentive to note is if you have plans to redeem KrisFlyer miles.

If you have a card which has a lower transfer rate to KrisFlyer than to Velocity, then a 15% bonus may be enough to take the maths over the edge where transferring to KrisFlyer via Velocity during a bonus period gives you more KrisFlyer miles than if you transferred direct to KrisFlyer.

Cards in question here would specifically be ANZ Rewards and Altitude Rewards-linked cards. We did the maths on ANZ Rewards in this piece, and for Altitude Rewards over here.

In short, it’s complex, but there’s room for some marginal gains for those cards moving points to KrisFlyer Miles via Velocity during these promo periods.

Two days left: 30% off Velocity redemptions promotion was last modified: February 27th, 2018 by Matt Moffitt