How to boost your Velocity Points balance this month
You can reach your next reward faster with up to 30% extra Velocity Points this month.
Velocity is giving members more reason to cash in their partnered rewards for frequent flyer points this month. Under the banner of the “World’s Biggest Points Exchange Expo”, Velocity frequent flyers can score bonus points when they transfer their reward points from partnered programs to their Velocity accounts.
If you go to the website for your card partner, hotel partner or flybuys and exchange your reward points for Velocity Points by 30 November 2017, you’ll score a bonus 15% Velocity Points. ANZ cardholders can receive an extra 15% more points, bringing the total bonus bounty to 30%.
You can see the full list of participating loyalty programs below:
Card partners
- American Express
- ANZ Rewards and ANZ Business Rewards
- NAB
- Citi
- HSBC
- Suncorp
- Bank of Queensland
- Diners Club
- CardServices
Retail partners
Hotel partners
- Golden Circle
- Le Club AccorHotels
- Hilton Honors
- Starwood Preferred Guest
- IHG Rewards Club
- Choice Hotels
The number of points you can expect will vary depending on how many points you’re transferring and the exchange rates between the programs. To show how the differing exchange rates could impact how many Velocity Points you’ll get, we’ve provided a few examples based on the scenario that you’re transferring 6,000 reward points from some of the participating credit card, retail and hotel rewards programs.
| Partner | Regular exchange rate | Number of Velocity Points you’ll get when you transfer 6,000 points during the promotional period |
|---|---|---|
| American Express |
*Minimum of 2,000 points per transfer |
|
| ANZ Rewards | 2 ANZ Rewards for 1 Velocity Point | 3,967.65 Velocity Points |
| Bank of Queensland | 2 BOQ Rewards for 1 Velocity Point | 3,450 Velocity Points |
| Citi | 2.5 Citi Rewards for 1 Velocity Point | 2,760 Velocity Points |
| HSBC | 2 HSBC Rewards for 1 Velocity Point | 3,450 Velocity Points |
| Suncorp | 2 Suncorp Rewards for 1 Velocity Point | 3,450 Velocity Points |
| flybuys | 2,000 flybuys for 870 Velocity Points (approximately 1 flybuys per 0.43 Velocity Points) | 3,001.5 Velocity Points |
| Starwood Preferred Guest | 1 Starpoint for 1 Velocity Point | 6,900 Velocity Points |
| Le Club AccorHotels | 1 Le Club AccorHotels point for 1 Velocity Point | 6,900 Velocity Points |
Of course, the more points you’re transferring, the more rewarding this bonus points offer will be. For example, if you’d opted for the Citi Platinum credit card and its current 100,000 bonus points offer, you’d see a significant lift in points. If you were to exchange 100,000 Citi Rewards Points to Velocity at 2.5 Citi Rewards for 1 Velocity Point, you’d usually get 40,000 points. But during this promotional period, this would increase to 46,000 Velocity Points instead. Not bad!
While none of these bonus points are enough to make a massive difference in the reward you could redeem, it’s an easy way to collect more points without spending any extra money. This is especially important considering some of the less than impressive exchange rates you can usually expect when transferring credit card rewards to Velocity Points on a regular day.
So, if you’ve been hoarding your credit card rewards, hotel rewards or flybuys points, this could be the right time to exchange them for Velocity Points.
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Image: Shutterstock
