The best and worst ways to use your Velocity Points

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 January 21st, 2018
Name Product Bonus Points Rewards Program Rewards Points per $ spent Purchase rate (p.a.) Annual fee Product Description
Virgin Australia Velocity Flyer Card - Bonus Points Offer
60,000 bonus points
Velocity Frequent Flyer

20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.
American Express Velocity Platinum Card - Online Offer
100,000 bonus points
Velocity Frequent Flyer

20.74% p.a.
$375 p.a.
Receive 100,000 bonus Velocity Points, a complimentary Virgin Australia return Economy domestic flight each year, plus, 4 lounge passes.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
Velocity Frequent Flyer

0% p.a. for 14 months (reverts to 20.74% p.a.)
$129 p.a.
Save with 0% p.a. on purchases for 14 months and 0% p.a. on balance transfers for 6 months. Plus, earn up to 0.66 Velocity Points per $1 spent.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Velocity Frequent Flyer

20.74% p.a.
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with 0% p.a. for 18 months on balance transfers, earn 3 bonus Velocity Points per $1 for the first 3 months and get a yearly $129 Gift Voucher.
American Express Velocity Escape Card
Velocity Frequent Flyer

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

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

20.74% p.a.
$289 p.a.
Take off sooner with up to 80,000 bonus Velocity Points and earn up to 1 Velocity Point per $1 spent. Plus, complimentary travel insurance.
NAB Velocity Rewards Card
Velocity Frequent Flyer

19.99% p.a.
$95 p.a.
This Visa card offers 0.5 Velocity Points per $1 spent on eligible purchases, up to 44 interest-free days on purchases and Visa Entertainment offers.
American Express Velocity Business Card
Velocity Frequent Flyer

$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.

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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. 1. Pay with money. In this scenario, we'll say the flight is going to cost $179.
                  1. 2. Pay with points. You will need to have 11,000 points saved to pay for the flight in full.
                  2. 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.

How to maximise your Velocity Points

What are the worst ways to use your Velocity Points?

                          • Reward Store. While you may have your heart set on a particular item available from Velocity's Reward Store, 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 Reward Store. 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.

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2 Responses

  1. Default Gravatar
    maxpress1November 28, 2017

    I have a bundle of AMEX points and am considering transferring them to either Qantas FF or Virgin FF -I have both. However, a single economy fare to London with QF is 60,000 points whilst Virgin charges 75,000 one way.
    Also, Virgin require 4 AMEX points to equal 3 Virgin points”IS THIS RIP OFF ? Dies this favour Qantas over Virgin ?

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