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The Velocity Frequent Flyer program allows you to buy points when you’re redeeming them for a specific reward. Known as Velocity Points Booster, this is the most direct and common way to purchase frequent flyer points through the program, with prices starting from $18 for 500 points.
But if you have an American Express credit card linked to its Membership Rewards program, you can purchase Velocity Points by transferring Membership Reward points to your Velocity account. As long as you plan on buying at least 1,000 Velocity Points, this option will work out cheaper than Velocity Points Booster.
We compare these two options and explain how you can purchase Velocity Points to get the most out of your money and your frequent flyer balance.
This option is less direct than Velocity Points Booster but ends up offering more flexibility and a higher dollar value. Here are the key details:
While this is an indirect way of buying Velocity Points, it gives you another way of boosting your frequent flyer point balance. It also allows you to keep saving your Velocity Points for other rewards, rather than redeeming them on-the-spot as you would have to with the Velocity Points Booster option.
If you buy points through the Velocity Points Booster service, the cost varies based on the amount of points you buy. If you choose the Membership Rewards purchase and transfer option, it costs $25 for 1,000 points, or 2.5 cents per point. The table below looks at the different costs for each option side-by-side.
Purchase option | Cost for 500 points | Cost for $1,000 points | Cost for $3,000 points | Cost for 5,000 points |
---|---|---|---|---|
Velocity Points Booster | $18 | $36 | $101 | $168 |
Membership Rewards | N/A (Minimum 1,000 points) | $25 | $75 | $125 |
In all of these examples, it is more affordable to buy points through Membership Rewards when you’re transferring them to your Velocity account. This is the case for purchases until you reach an amount of 39,000 points, when it costs $974 through Velocity Points Booster and $975 through the Membership Rewards option. The Velocity Points Booster redemptions then offer cheaper rates up to the maximum of 50,000 points ($1,172 through Velocity compared to $1,250 through Membership Rewards).
While you can transfer points to Velocity from a range of credit card rewards programs, Membership Rewards is the only one that offers a 1:1 transfer rate. Also, most other credit card rewards programs don’t provide the option of buying points to make up the difference when you’re redeeming them for a frequent flyer transfer. This makes Membership Rewards a unique avenue for getting more Velocity Points through reward transfers and point purchases.
While the Membership Rewards option gives you a cheaper way to buy Velocity Points, it’s important to consider a range of other factors before adding it to your point-earning strategy, especially if you don’t already have an Amex card. You need to consider the following key details:
While Membership Rewards offers a cheaper way to buy Velocity Points, it still means using your own money to boost your frequent flyer balance. So make sure you also consider ways to earn more Velocity rewards through your everyday spending to help you get the most out of your money and your frequent flyer account.
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