Transfer credit card points to Velocity to earn bonus rewards

Sally McMullen 28 April 2016


Get 15% bonus points when you transfer your credit card rewards points to your Velocity account during May.

This May, Velocity is giving Frequent Flyers the chance to get more rewards from their everyday credit card expenses. If you transfer your credit card or charge card points to your Velocity account between 1 May and 31 May 2016, you’ll receive 15% bonus Velocity Points.

If you’re with one of the nine participating partner banks, your everyday spending could reward you in the air if you choose to transfer your points to Velocity.

Compare how many points you’d regularly earn and calculate how far the 15% bonus could take your bonus points below.

How many points will I earn?

BankHow many points can I usually earn?
American Express
  • 1 Membership Reward point for Ascent or Ascent Premium members = 1 Velocity Point
  • 2 David Jones American Express points = 1 Velocity Point
  • 3 Membership Reward points for Business Ascent members = 2 Velocity Points
  • 4 Membership Rewards points for Membership Rewards Gateway members = 3 Velocity Points
  • 2 ANZ Rewards points = 1 Velocity Point
ANZ Business One Visa
  • 2.5 ANZ Business Rewards points = 1 Velocity Point
  • 2 HSBC Rewards Points = 1 Velocity Point
  • 2 Amplify Points = 1 Velocity Point
Bank of Melbourne
  • 2 Amplify Points = 1 Velocity Point
Bank of Queensland
  • 2 Amplify Points = 1 Velocity Point
  • 2 Citi Rewards points = 1 Velocity Point for Citibank Signature (Visa), Prestige (Visa) and CitiBusiness Gold (Visa) credit cards
  • 2.5 Citi Rewards points = 1 Velocity Point for Citibank Gold (Visa) and Citibank Platinum (Visa) credit cards
Diners Club
  • 1.5 Diners Club Reward Points = 1 Velocity Point
  • 2 Amplify Points = 1 Velocity Point

So if you had 2,000 Membership Rewards under your Ascent membership, you’d originally earn 2,000 Velocity Points. If you make the transfer between 1 May and 31 May 2016, you could earn an extra 300 points, bringing your total to 2,300 Velocity Points.


Please note that most of the banks require you to transfer a minimum number of credit card points if you want to move them over to your Velocity account, so make sure you read the terms and conditions before you try to take advantage of the promotion.

May 1 is fast approaching, so start organising your credit card points soon if you want to get more rewards with Velocity.

UPDATE: This offer has now been extended until midnight on 7 June 2016 for American Express Membership Rewards cardholders.

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

Ask a question