Velocity Frequent Flyer is offering a 100% points bonus when buying Velocity Points during the month of October, equating to 1.06c per point at the top tier if purchasing the maximum 100,000 points per transaction.
This is the best price that points have been offered at since Velocity started selling them through promotions 18 months ago.
In previous times, buying Velocity Points might make sense when topping up your balance for specific reward seat bookings on Virgin Australia, or a partner like Singapore Airlines, Delta or Hawaiian Airlines.
However, with the uncertainty surrounding new owner Bain’s direction with parent airline Virgin Australia, we would not recommend you buy any points right now unless you could use it for a specific flight in the near future.
For the select few that might benefit from the deal, this guide covers the latest Velocity buy points promotions. If you need further instruction, we also have a dedicated guide on how to buy Velocity Points.
100% bonus points deal: what you need to know
If you are short of the required Velocity Points for a redemption, you can buy the remaining points needed online. With a 100% bonus points deal, you’ll essentially get double points on what you originally purchased.
These are the key caveats:
- Each purchase must be a minimum of 1,000 points and a maximum of 100,000 points
- A maximum of 250,000 points purchased per calendar year applies
- The price per point varies according to the level
- No limit to the frequency of points purchases up to the maximum
- While you must tell Velocity how you think you’ll be using the points that you buy, there is nothing that appears to hold you to this choice
The value per points gets better as you buy bigger amounts. Say you purchased 10,000 points with a 100% bonus: each point would cost you 1.48c. However, if you buy the maximum of 100,000 points with a 100% bonus, then that drops the per-point price down to 1.06c each.
Note: Velocity Points expire after 24 months of inactivity in your account, so make sure to keep your account active by earning/redeeming points regularly.
Sometimes Velocity offers a bonus and sometimes a discount. The 100% bonus deal in October 2020 is the best to date.
|Month||Bonus (%)||Discount (%)||Price per point||Notes|
|October 2020||100||1.06||lowest price|
|February 2020||15||1.99||highest price|
|August 2018||15||1.99||highest price|
|April 2018||15||1.99||highest price|
Make sure there is reward seat availability for the redemption you are eyeing off before you can purchase the extra points needed. As of October 2020, our advice remains to not purchase Velocity Points speculatively as there is still much uncertainty about the direction of Virgin Australia.
For other ways to earn Velocity Points, check out this guide.
This content contains affiliate links from which Point Hacks may earn commissions from transactions generated from new customers, bookings and general enquiries
This article was originally written by Matt Moffitt.