Not sure how to spend your Velocity Points? Take a look at which products offer you the most value.
Often, the hardest part of being a Velocity Frequent Flyer member is deciding how to spend your points. Ultimately, the decision is up to you, but 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 October 21st, 2016.
- Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Balance transfer offer has been extended until 31 October 2016.
September 26th, 2016
- NAB Velocity Rewards Card
15k bonus points + 0% p.a. for 15 months on purchases and balance transfers valid until 22 Jan 2017.
October 3rd, 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
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, a flight from Brisbane to Sydney can range from $115 to $219. If you were to pay with your points, the cost remains consistently at 10,100 points. You could save $100 just by using your points on the one flight.
- 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 London in business class would cost you $5387.83 or 829,000 points. Alternatively, you could purchase an economy class seat on the same flight for $1240.73 and use 29,000 membership points to upgrade to business class. 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. On the same flight from Brisbane to Sydney, you have three methods of purchase:
- 1. Points plus Pay. This will cost you 27,800 points plus $38.81. By opting for the Points plus Pay option, you could save yourself $350 or 6,000 points.
- 2. Pay with points. You will need to have 33,800 points saved to pay for the flight.
- 3. Pay with money. The cost of the flight is $389.
- 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 $300 and $500 for 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 eStore. In this case, buying the product from the eStore 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. To work out the cost of accommodation, the Velocity Frequent Flyer program works with a rate of 14,000 points being equal to $100. For example, a one-night stay at QT Sydney would start at $640 or over 89,600 points.
- 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, a one-way economy class flight from Brisbane to Los Angeles would cost you 181,800 Velocity Points. Your other option is to pay $1181.23, giving your points a real-world value of $0.0065 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