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Velocity Points 40% bonus offer extended

Posted: 1 June 2018 7:52 am
News

You now have until 10 June to score bonus points from credit cards and flybuys.

Virgin Australia has extended its "record breaking" transfer deal for Velocity Points, offering bonus levels of up to 40% for credit card transfers and 20% for flybuys and hotels.

When originally announced, the promotion was due to end on 31 May 2018.

However, the Velocity site has now been updated with a new end date of 10 June 2018. If you have a stash of points in your credit card or flybuys account and haven't yet made a transfer, it's definitely worth looking into.

How many bonus points can you earn? For credit cards, that depends on the number of points you transfer. Transfers of between 1 and 100,000 Velocity Points score a 15% bonus. To score the full 40% bonus, you'll need to make a transfer that earns you 750,000 or more Velocity Points.

PointsBonus
1-100,00015%
100,001-250,00020%
250,001-500,00025%
500,001-750,00030%
750,000+40%

As long as you have a card which can earn Velocity Points (check out our handy list if you're not sure), any transfer during the promotion will receive the bonus points.

Elsewhere, transfers to flybuys, ANZ Rewards, ANZ Business Rewards and hotel partners during May offer a 20% bonus on Velocity Points earned. Virgin is also waiving its annual cap on transfers from flybuys, meaning you can transfer more than 138,000 points if you have them. (Woah, that would be a lot of supermarket shopping.)

Remember that flybuys points don't translate 1:1 into Velocity. You get 870 Velocity Points for every 2,000 flybuys points transferred, and the 20% bonus applies to the 870 points, meaning you'll score 1,044 points for each 2,000 points transferred.

THE POINTS FINDER TAKE

If you haven't taken advantage of this deal already, it's definitely worth looking into. Unfortunately, if you've just transferred your flybuys points, it's unlikely you'll spend enough to earn another 2,000 points before the cut-off date.

Learn more about Velocity and how to maximise your points in our Points Finder detailed guide.

Latest Points Finder headlines, tips and guides

Picture: Shutterstock

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