How much are Virgin Velocity Points worth?
Here's exactly what your Velocity Points are worth in cold hard cash right now, the best ways to spend them plus a points calculator.
Key takeaways
- In October 2026, 1 Velocity Point is worth between 0.4 cents and 6 cents, depending on how you spend it.
- Velocity Points are worth less than Qantas Points.
How much is a Velocity Point worth?
Here's what Velocity Points are worth for some popular reward choices:
- Economy reward flights: 1–2 cents per Velocity Point
- Business reward flights: 2–4 cents per Velocity Point
- Flight upgrades: 2–6 cents per Velocity Point
- Shopping: 0.4–0.5 cents per Velocity Point
In the table below, we've shown the points needed for a range of Velocity reward options, how much they would usually cost to buy outright and the dollar value per $1,000 points they represent.
| Route | Points cost | Value | Value/point | Value/1,000 points |
|---|---|---|---|---|
| Sydney to Perth (Economy) one way | 21,900 | $361.54 | $0.017 | $16.51 |
| Sydney to Melbourne (Economy) one way | 9,900 | $102.23 | $0.010 | $10.33 |
| Melbourne to Brisbane (Economy) one way | 14,900 | $180.72 | $0.012 | $12.13 |
| Melbourne to Queenstown (Economy) one way | 17,800 | $240.28 | $0.013 | $13.50 |
| Sydney to Doha (Economy) one way | 56,000 | $1,802.65 | $0.028 | $28.20 |
| Sydney to Perth (Business) one way | 35,500 | $1,307.54 | $0.037 | $36.83 |
| Sydney to Melbourne (Business) one way | 15,000 | $342.23 | $0.023 | $22.82 |
| Melbourne to Brisbane (Business) one way | 35,000 | $461.72 | $0.013 | $13.19 |
| Melbourne to Queenstown (Business) one way | 35,000 | $627.28 | $0.018 | $17.92 |
| Sydney to Doha (Business) one way | 119,500 | $7,162.68 | $0.060 | $59.94 |
| Sydney to Perth Economy to Business upgrade one way | 30,000 | $946.00 | $0.032 | $31.53 |
| Sydney to Melbourne Economy to Business upgrade one way | 10,000 | $240.00 | $0.024 | $24.00 |
| Melbourne to Brisbane Economy to Business upgrade one way | 17,500 | $281.00 | $0.016 | $16.06 |
| Melbourne to Queenstown Economy to Business upgrade one way | 16,000 | $387.00 | $0.024 | $24.19 |
| iPhone 16 Plus 128GB | 261,942 | $1,349.00 | $0.005 | $5.15 |
| Breville Barista Express | 126,020 | $649.00 | $0.005 | $5.15 |
| Myer Gift Card | 9,709 | $50.00 | $0.005 | $5.15 |
| Dyson Supersonic | 77,282 | $398.00 | $0.005 | $5.15 |
| AirPods 5 | 42,525 | $219.00 | $0.005 | $5.15 |
| Adelaide hotel room 1 night | 31,400 | $189.00 | $0.006 | $6.02 |
| Car hire 1 night | 17,455 | $122.08 | $0.007 | $6.99 |
The best value comes from flight upgrades, then business class flights, then economy flights. Store purchases are typically not good value.
Methodology: How we calculated these values
All calculations are based on typical prices for flights and rewards quoted in October 2026, as checked on the Virgin Australia site. Prices are stable on most routes.
For each route, we checked a range of dates across January 2027 and selected the most typical price for Virgin-operated flights. You might score cheaper flights on sale or pay more during peak times. Points values for purchasing flights are for Tier 2 Rewards, and we've subtracted carrier fees and charges when working out the value. Values for rewards and upgrades are based on Choice fares. Availability of reward flights and upgrades can vary heavily. Points values for Reward Store redemptions come from the Velocity Rewards Store site. Several shopping items we track saw price reductions, but this doesn't change the effective points value. Fares were higher than the previous month, which is expected during January's peak travel season.
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Where could I fly with Velocity points?
Starting airport
Sydney
Destination airport
Melbourne
Travel class
Economy
How much are 1,000 Velocity Points worth?
I usually think about how much 1,000 Velocity Points are worth, rather than single points. You can't use individual points for anything, and redemptions usually require thousands of points.
My rule of thumb? If you're getting $20 or more in value for each 1,000 Velocity Points, that's worthwhile. Under $10? That's not good value.
The better value the reward, the trickier it is to get. Virgin only has a handful of Business seats on each route anyway, and you'll be lucky if more than one of those is available as a reward option.
Economy domestic flights represent good value and are much more widely available. If you book in advance for typically busy periods (such as holidays), they're a solid option.
Are Velocity Points worth less than Qantas Points?
Based on our calculations of Qantas value, the short answer is: yes. While the value is similar for domestic flights, Qantas's much broader network (both domestically and internationally) means there are higher-value options available.
"I went with a Velocity card instead of a Qantas card. The Qantas Points program has so many options aimed at international travel. But I want domestic flights to visit family, so Virgin is just fine (and a great, but cheaper experience if I have to pay for one flight and get another on points). I also mainly shop at Coles and have a huge amount of Flybuys Points. These convert to Velocity Points, not Qantas Points. That's the points ecosystem I'm in and it makes no sense to switch."
How can I get the most value from my Velocity Points?
After decades of flying on Virgin and using Velocity Points, these are my key rules:
- Don't spend your points on Any Seat flights. I don't recommend "Any Seat" redemptions, which consume many more points and are not good value. Focus on standard Reward flights instead.
- Check tier values carefully. Annoyingly, Velocity has 3 tiers for flight redemptions. Tier 1 uses the fewest points, but those seats are rare. When calculating values, I've used the more expensive Tier 2 options. If you can score a Tier 1 seat, the value will be higher.
- Think Australia. While you can redeem points with partner airlines, that's expensive and competitive. Right now, your best options are still for flights within Australia, or to New Zealand (though that only covers Queenstown). For New Zealand, the high carrier charges mean that economy flight redemptions aren't very good value. If you can score a Business seat, that's a good deal.
- Set a goal for your points. Using points effectively takes planning. Set a goal – maybe a family holiday to the Gold Coast – find out how much that will need and then start saving.
Sources
More resources on Finder
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Doha isn’t $60 per 1000 points, it’s $6. Methinks you need a new calculator.
Thanks Jeff, this has been updated
What is the process to enable me to use my points to purchase home equipment at Myer please.
Hi Graham,
The process is outlined here: https://www.myer.com.au/content/velocity.
Basically you can only use Velocity Points when shopping at Myer online and you’ll need to select the Velocity Points payment option.
Where would I go to on your website to spend my rewards on shopping
Hello Dorothy,
At Finder we list information about various financial products and services, including frequent flyer points. But you can’t redeem points on Finder’s website. You should visit the Velocity website for more information. https://www.velocityfrequentflyer.com/the-basics/redeeming-points