How does the Velocity e-store work?

woman-with-pcEarn and redeem your Velocity Points with flexibility through the Velocity eStore.

The Velocity e-store allows is just one way you can both earn and redeem your Velocity Frequent Flyer Points. You can either use your credit card to make the purchase and earn Velocity Points, or if you have your eye on a prize, you can use your Velocity Points to redeem your purchase.

Rates last updated September 21st, 2018
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
American Express Velocity Platinum Card - Exclusive Offer
70,000 bonus points
Velocity Frequent Flyer
1.5
20.74% p.a.
$375 p.a.
finder Exclusive: Ends 26 September 2018 Receive 70,000 bonus Velocity Points when you spend $3,000 within the first 3 months. Plus, Status Credits & lounge passes.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
60,000 bonus points
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus points in the first 3 months with a $64 first year annual fee. Plus, the chance to win 1 million Velocity Points.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Velocity Frequent Flyer
0.66
0% p.a. for 14 months (reverts to 20.74% p.a.)
$129 p.a.
Enjoy 0% p.a. interest on purchases for 14 months. Plus, the chance to earn 1 million Velocity Points. Ends 31 Oct 2018.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Velocity Frequent Flyer
0.66
20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with $64 first year annual fee and 0% p.a. balance transfer offer. Plus, the chance to earn 1 million Velocity Points. Ends 31 Oct 2018.
American Express Velocity Escape Card
Velocity Frequent Flyer
1
20.74% p.a.
$0 p.a.
Earn uncapped Velocity Points on purchases, pay $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
ANZ Rewards Travel Adventures card
40,000 bonus points
ANZ Rewards Program
1.5
20.24% p.a.
$225 p.a.
Receive 40,000 bonus Velocity Points, 2 yearly Virgin Australia lounge passes, plus enjoy $0 overseas purchase transaction fees.
Virgin Australia Velocity High Flyer Card - 80k Bonus Points offer
80,000 bonus points
Velocity Frequent Flyer
1
20.74% p.a.
$289 p.a.
Get the chance to earn 1 million Velocity Points and earn up to 80,000 bonus points. Plus, a 15 month balance transfer offer. Ends 31 Oct 2018.
American Express Velocity Business Card
Velocity Frequent Flyer
1
$249 p.a.
Take advantage of Velocity Points per $1 spent, no pre-set spending limit, data that feeds into MYOB and up to 51 days interest-free on purchases.
Citi Platinum Credit Card
200,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 10,000 bonus reward Points per month for 20 months. This adds up to 200,000 points, which can be converted to 80,000 Velocity Points.
American Express Explorer Credit Card
75,000 bonus points
Membership Rewards Gateway
2
20.74% p.a.
$395 p.a.
Get 75,000 bonus Membership Rewards points, a yearly $400 Travel Credit and 2 entries per year to the American Express Lounge. Ends 26 Sept 2018.
Citi Prestige Card
400,000 bonus points
Citi Rewards Program
3
20.99% p.a.
$700 p.a.
Receive 20,000 bonus reward Points per month for 20 months. This adds up to 400,000 points, which can be converted to 200,000 Velocity Points.
Citi Signature Credit Card
300,000 bonus points
Citi Rewards Program
1
20.99% p.a.
$195 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 15,000 bonus reward Points per month for 20 months. This adds up to 300,000 points, which can be converted to 150,000 Velocity Points.

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How to use the Velocity eStore

The Velocity e-store works like an online shopping website with the added bonus of earning Velocity Points and redeeming points for products. The main ways you can use the e-store includes:

  • Redeeming points

    Buying products through the rewards store works just as it would a normal online store. The only difference will be the currency. Instead of dollars the currency will be memberships points. You also have the option of "pay+points". This means you can pay a certain amount of money and use your points to cover the rest.

  • Earning points

    With over 200 retailers available, you’ll be able to earn points on all of your purchases. To claim your points on purchases you must be logged into your Velocity account. You’ll receive an email confirming you have points pending within 24 hours and they will be allocated to your Velocity account within 30 days.

How can I earn points through the eStore?

Before purchasing items, check if they are available through the Velocity eStore. All you need to do is login to your Velocity account and start shopping. Most purchases will earn you 2 points for every $1 you spend on a wide range of products including:

  • Charities & Causes. Earn points by giving back through making a purchase from Oxfam shop or BoysTown.
  • Children & Family. You can earn extra Velocity points by purchasing from Gap, Mothercare, The Baby Store and even The Book Depository.
  • Clothes & Fashion. You won’t need to explain where your new outfit came, once you say how many points you earned. Companies include Asos, Bonds and BooHoo.com.
  • Department Stores. eBay, Selfridges and Macy’s are a few of the department stores that will let you earn as you spend.
  • Electricals. Looking for a new gadget? Apple, Microsoft or Samsung may have what you need.
  • Entertainment & Leisure. From livingsocial to RSL lotteries you’ll find something to amuse the whole family.
  • Food & Drink. Order your meal through Menulog to receive points on your Friday night take out.
  • Gifts & Flowers. You’ll be in the good books when you buy flowers and earn Velocity points in the process.
  • Health & Beauty. Purchase your beauty products from all the big names including Bobbi Brown, Clinique and Aveda.
  • Home & Garden. Stop putting off your weekend projects with purchases from adairs and growing gifts.
  • Office & Business. Check out smiggles, typo and Microsoft for all your office supplies.
  • Sport & Fitness. Get active with Nike, Lorna Jane and Rebel.
  • Toys & Games. Find all the latest toys and games at Xbox, Mattel Shop and Yogee.

What can I redeem my points for on the Velocity eStore?

Fashion, lifestyle and health

Need new perfume? Or a new handbag to match your outfit for Saturday night? Use your points to redeem those much needed fashion accessories.
Gift cards and donations

If you need a present for that person that has everything then a gift card or donation could be your answer. Use your points to donate to charities, on holiday packages or vouchers to their favourite store. Your other option is to keep the rewards for yourself and swap them for grocery and petrol vouchers.
Travel

If you haven’t already spent your points on travel, then you may want to buy a few travel luxuries. You’ll find luggage, neck rests and all the little comforts to help make flying an enjoyable experience.

Technology and electronics

If you’re a gadget person then you’ll be spending a lot of time in this section. You could find anything from GPS’s, computers, gaming, iPad and Macs to Tv’s and home audio systems.
Home and outdoor

This category covers a wide range of products including BBQ’s, homewares, camping and sport and fitness.
Special offers

The rewards store run special offers that are only available for a specific amount of time. These items could be anything from camping chairs to running shoes.


Is the eStore the best way to use my Velocity Points?

Deciding what you are going to redeem your Velocity Points on can be the hardest decision of all. To ensure you make the right decision, it is worth weighing up which rewards offer the most reward.

For example, a one way economy flight from Brisbane to Perth could cost you between $300 and $500, or at least 19,700 Velocity Points. In comparison, you’d need 20,600 Membership Rewards to redeem a pop up beach tent worth around $90 from the e-store.

In this scenario, it might be worth purchasing the smaller item with cash and allowing your points to accumulate and putting them towards the bigger ticket items. By comparing the costs with the total amount of membership points needed, you can ensure you are getting the most value for your points.

Shopping through the Velocity eStore means you could save on money by spending points or you could earn more points to go towards the holiday you have been saving for. While it may be beneficial, don’t be blindsided by the idea of points. Compare the price with other stores to make sure you are receiving the best deal.

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Sally McMullen

Sally McMullen is an editor at finder.com.au who is a credit cards, frequent flyer and travel money expert by day and music maven by night.

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