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How much are Virgin Velocity Points worth?

Here's exactly what your Velocity Points are worth in cold hard cash, plus the best ways to spend them.

How much is a Velocity Point worth?

As of October 2023, a Velocity Point is worth between 0.4 cents and 4 cents, depending on how you spend it.

Here's what Velocity Points are worth for some popular reward choices:

  • Economy reward flights: 1–2 cents per Velocity Point
  • Business reward flights: 2–4 cents per Velocity Point
  • Flight upgrades: 2–4 cents per Velocity Point
  • Shopping: 0.4–0.5 cents per Velocity Point

In the table below, we've shown the points needed for a range of Velocity reward options, how much they would usually cost to buy outright and the dollar value per $1,000 points they represent.

RedemptionPoints costValueValue/pointValue/1,000 points
Sydney to Perth (Economy) return43,800$795.080.0181525$18.15
Sydney to Melbourne (Economy) return19,800$212.460.0107303$10.73
Melbourne to Brisbane (Economy) return29,800$516.500.0173322$17.33
Sydney to Queenstown (Economy) return35,600$480.000.0134831$13.48
Sydney to Perth (Business) return71,000$3,147.080.0443251$44.33
Sydney to Melbourne (Business) return31,000$612.460.0197568$19.76
Melbourne to Brisbane (Business) return47,000$1,286.500.0273723$27.37
Sydney to Queenstown (Business) return71,000$1,842.000.0259437$25.94
Sydney to Perth Economy to Business upgrade one way30,000$1,176.000.0392$39.20
Sydney to Melbourne Economy to Business upgrade one way10,000$200.000.02$20.00
Melbourne to Brisbane Economy to Business upgrade one way17,500$385.000.022$22.00
Sydney to Queenstown Economy to Business upgrade one way16,000$681.000.0425625$42.56
iPhone 15 512GB399,509$2,049.000.0051288$5.13
Myer Gift Card9,603$50.000.0052067$5.21
Event Cinemas Gift Card9,606$50.000.0052051$5.21
Breville Barista Express157,270$679.000.0043174$4.32
Dyson Supersonic Hairdryer120,214$649.000.0053987$5.40
AirPods 2nd generation40,549$199.000.0049076$4.91
Charity donation4,950$25.000.0050505$5.05
Adelaide hotel room 1 night41,100$246.000.0059854$5.99
Car hire 1 night32,500$170.000.0052308$5.23

As the table shows, the best value comes from flight upgrades, then business class flights, then economy flights. Store purchases are typically not good value.

Methodology: How we calculated these values

All calculations are based on typical prices for flights and rewards in October 2023, as checked on the Virgin Australia site.

I usually think about how much 1,000 Velocity Points are worth, rather than single points. You can't use individual points for anything, and redemptions usually require thousands of points.

My rule of thumb? If you're getting $20 or more in value for each 1,000 Velocity Points, that's worthwhile. Under $10? That's not good value.

The better value the reward, the trickier it is to get. Virgin only has a handful of Business seats on each route anyway, and you'll be lucky if more than one of those is available as a reward option.

Economy domestic flights represent good value and are much more widely available. If you book in advance for typically busy periods (such as holidays), they're a solid option.

Are Velocity Points worth less than Qantas Points?

Based on our calculations of Qantas value, the short answer is: yes. While the value is similar for domestic flights, Qantas's much broader network (both domestically and internationally) means there are higher-value options available. As Virgin continues to expand its international network, this equation is likely to shift slightly.

How can I get the most value from my Velocity Points?

After decades of flying on Virgin and using Velocity Points, these are my key rules:

  • Don't spend your points on Any Seat flights. As ever, I don't recommend "Any Seat" redemptions, which consume many more points and are not good value. Focus on standard Reward flights instead.
  • Check tier values carefully. Annoyingly, Velocity has 3 tiers for flight redemptions. Tier 1 uses the fewest points, but those seats are rare. When calculating values, I've used the most expensive Tier 3 options. If you can score a Tier 1 or Tier 2 seat, the value will be higher.
  • Think Australia and the Pacific, not international. Virgin's international network is slowly expanding, but it is yet to return to its full pre-pandemic range. While you can redeem points with partner airlines, that's expensive and competitive. Right now, your best options are still for flights within Australia, to New Zealand (though that only covers Queenstown) and to other Pacific destinations.
  • Set a goal for your points. Using points effectively takes planning. Set a goal – maybe a family holiday to the Gold Coast – find out how much that will need and then start saving.

Velocity Points credit card offers

Compare these credit cards with Velocity bonus offers to supercharge your total.

Name Bonus points Points per $ spent Purchase rate p.a. Annual fee
ANZ Rewards Platinum - Velocity Points
ANZ Rewards Platinum - Velocity Points image
Velocity Frequent Flyer
Bonus points
100,000
Points per $ spent
1.5
Purchase rate p.a.
20.99%
Annual fee
$149
Go to siteMore Info
Get up to 100,000 bonus Velocity Points: 70k points when you spend $2,000 in the first 3 months and 30k points after 15 months.
American Express Velocity Platinum Card
American Express Velocity Platinum Card image
Velocity Frequent Flyer
Bonus points
60,000
Points per $ spent
1.25
Purchase rate p.a.
23.99%
Annual fee
$375
Go to siteMore Info
Get 60,000 bonus Velocity Points when you spend $3,000 in the first 3 months. Plus a return domestic flight each year.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Virgin Australia Velocity Flyer Card - Balance Transfer Offer image
Finder Award
Velocity Frequent Flyer
Bonus points
N/A
Points per $ spent
0.66
Purchase rate p.a.
20.74%
Annual fee
$0 first year ($149 after)
Go to siteMore Info
Get 0% p.a. on balance transfers for 24 months (with no BT fee) and a $0 annual fee in the first year.
American Express Velocity Escape Card
American Express Velocity Escape Card image
Velocity Frequent Flyer
Bonus points
N/A
Points per $ spent
0.75
Purchase rate p.a.
23.99%
Annual fee
$0
Go to siteMore Info
Save with a $0 annual fee and earn 0.75 Velocity Points per $1 on everyday purchases.
American Express Velocity Business Card
American Express Velocity Business Card image
Velocity Frequent Flyer
Bonus points
100,000
Points per $ spent
1
Purchase rate p.a.
0%
Annual fee
$249
Go to siteMore Info
ABN holders w/ $75,000 revenue. Get 100,000 bonus Velocity Points when you spend $3,000 in the first 2 months.
NAB Rewards Platinum Card
NAB Rewards Platinum Card image
NAB Rewards
Bonus points
100,000
Points per $ spent
1
Purchase rate p.a.
20.99%
Annual fee
$45 first year ($195 after)
Go to siteMore Info
Get up to 100,000 bonus NAB Rewards Points (worth $480 in eGift cards): 80k points when you spend $1,000 in the first 60 days and 20k after 12 months.
NAB Rewards Platinum Card – Velocity Points
NAB Rewards Platinum Card – Velocity Points image
Velocity Frequent Flyer
Bonus points
80,000
Points per $ spent
1
Purchase rate p.a.
20.99%
Annual fee
$95 first year ($195 after)
Go to siteMore Info
Get up to 80,000 bonus Velocity Points: 60k points when you spend $1,000 in the first 60 days and 20k after 12 months.
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Written by

Angus Kidman

Angus Kidman is the international editor-at-large at Finder. He's an award-winning journalist who has reported on technology, travel, finance and other topics for over 30 years. Angus appears regularly on Sunrise, Today, The Project, Seven News and other TV and radio shows. See full profile

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