Velocity and flybuys: How to make the most of the latest deal
This unusual offer actually will help build your frequent flyer points total faster.
So flybuys is running an unusual Velocity points transfer offer right now, and I think I'm going to have to take advantage of it.
Regular readers will know I'm a firm advocate for only transferring flybuys points into Velocity when there's a bonus points offer happening, which typically happens twice a year and offers a 15% transfer bonus. At those times, you get 1,000 Velocity Points for each 2,000 flybuys points, rather than the less generous 870 which is the business-as-usual figure.
The most recent bonus deal only happened in February, so it's a little surprising that another offer has popped up so soon. This one is different to the usual "15% extra points" deal. Instead, it's designed to get you shopping at the core flybuys retailers: Coles, Kmart, Target, Liquorland, First Choice Liquor and First Choice Liquor Market.
Spend $10 or more at any two of those stores during the offer period (10 March to 31 March 2020), and you'll get an extra 100 Velocity points for each 2,000 flybuys points you transfer (on top of the regular 870). Spend $10 or more at three eligible stores, and you'll get an extra 150 Velocity points for each 2,000 flybuys points transferred.
The 100 points extra frankly isn't worth considering, because it's still lower than the 15% offer. But the 150 points is slightly better, as you'll get 1,020 Velocity Points for each 2,000 flybuys points. That's worth doing if you qualify.
I'd never recommend making a purchase purely to score a few extra points when you make a transfer. But in this case, the barrier is really low: I already have shopping planned at three of those stores (Coles, Kmart and Liquorland) during the eligible period. And despite having cleared out my flybuys account when I made a transfer during the February offer, it's already built up again thanks to some targeted supermarket bonus offers.
So come 31 March, I'll be transferring my flybuys points into Velocity once again. If you've found yourself shopping in three of those stores and spending more than $10 in each, it makes sense to do the same.
Angus Kidman's Findings column looks at new developments and research that help you save money, make wise decisions and enjoy your life more. It appears regularly on Finder.