Not sure how to redeem your Velocity Points? Take a look at which rewards offer the most value.
Often, the hardest part of being a Velocity Frequent Flyer member is deciding how to spend your points. While the decision is always up to you, some options offer better value than others.
We’ve looked at some of the best and worst ways you can spend your points to make sure you get the most out of your Velocity Frequent Flyer membership.
Comparison of Velocity Frequent Flyer Credit Cards
Rates last updated December 9th, 2016.
- NAB Velocity Rewards Premium Card
25,000 bonus points, purchases and balance transfers offers have been extended until 22 Jan 2017.
October 3rd, 2016
- Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Balance transfer offers has been extended until 16 January 2017.
November 1st, 2016
- Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Balance transfer offer changed to 1.9% p.a. for 15 months which is valid until 16 January 2017.
November 1st, 2016
What are the most valuable ways to use your Velocity Points?
- Virgin Australia flight rewards. Flights are one of the better rewards you can choose to spend your points on. The cost of a flight can vary widely according to time and day of departure. By using points to pay for your flight, you can save on costlier flights. In one day, an economy flight from Brisbane to Sydney can range from $125 to $219. If you were to pay with your points, the cost for an economy Reward Seat costs 11,000 points. This means you could save almost $100 by using points if the retail price is at the higher end of the scale when you want to make a booking.
- Flight upgrades. When you’re sitting in economy class, you’re always jealous of those passengers in business class or first class. By using your points for flight upgrades, you could be one of those passengers smugly enjoying the extra leg room. A one-way flight from Brisbane to Los Angeles in business class would cost you around $8999.25 or 95,500 points. Alternatively, you could purchase an economy class seat on the same flight for around $1087 and use 45,000 membership points to upgrade to business class (note: only Velocity Gold and Platinum members can request upgrades for international long-haul flights). That is a huge saving on both cash and points.
- Points plus Pay. Points plus Pay is an ideal option for anyone looking to save on costs but who doesn’t want to burn through points too quickly. As an example, let's say you're looking at an economy flight from Brisbane to Sydney with Virgin Australia. You have three methods of purchase:
- 1. Pay with money. In this scenario, we'll say the flight is going to cost $179.
- 2. Pay with points. You will need to have 11,000 points saved to pay for the flight in full.
- 3. Points plus Pay. This will cost you 7,800 points plus $20.79. By opting for the Points plus Pay option, you could save yourself $158.21 or 6,000 points.
- Partnered airlines. Virgin has partnered with a number of airlines to ensure you can fly using your Velocity Frequent Flyer membership worldwide. The partnered airlines allow you to use your points on fees and flight upgrades.
What are the worst ways to use your Velocity Points?
- Velocity eStore. While you may have your heart set on a particular item available from the eStore, you may want to compare your options. Products may require more membership points than their monetary value worth. For example, a one-way economy class flight from Brisbane to Perth could cost you between $249 and $355 or 20,600 Velocity Points. In comparison, you’d need 45,000 Velocity points for a $250 David Jones gift card from the eStore. In this case, buying the gift card with cash and saving your points for flights would be better value.
- Accommodation. Using your hotel booking to earn points might be of more value than redeeming your points to pay for your accommodation. Forking out a lot of points for a hotel room will rarely counteract the costs. Velocity applies different rates based on the hotel, but as an example, it costs 17,000 points for $100 of credit for Hilton Hotels in Australia. If you wanted to stay one night at Hilton Sydney, booking prices start from around $458. That equals around 77,860 Velocity Points to cover the cost of the same room.
- Economy class flights. While using your Velocity Points for flights is one of the more rewarding options, the real world value of your points doesn’t always add up. Sometimes, purchasing your flight and using your points to upgrade will offer more value. For example, reward redemptions for a one-way economy class flight from Brisbane to New York start from 81,400 Velocity Points. Your other option is to pay $1297.37, giving you a real-world value of $0.016 per point.
How you use your Velocity Frequent Flyer points is up to you. However, some options do offer a higher value reward, so compare your options to guarantee you’re getting the most out of your Velocity Frequent Flyer points.Back to top