Virgin Australia Velocity has opened a new campaign to transfer points from various credit card and hotel partners with thresholds that go up to 40% Bonus.
Velocity often runs transfer bonus campaigns but usually the bonus maxes out at 20-25% and this is also the case this time when you’re looking at realistic transfer amounts. In fact the hotel partners are capped at 20% so once again Velocity shines with misleading advertisement.
You can access the promotional website here where the bonus levels and partners are explained.
Here are the bonus thresholds:
You can receive a Velocity bonus of up to 40% based on the number of Velocity points you transfer. Transfer your reward points from one of our participating partners for Velocity Points by 31 May 2018, and you will receive a bonus Velocity Points on top of the points you convert.
There is no registration required for this campaign. Simply transfer rewards points to Velocity to receive your bonus.
To advertise a 40% bonus when this in fact requires three quarter of a million points is really a joke. It’ll be hard to even find someone who has that many points sitting spare anywhere. The 15-20% bonus for realistic transfer levels are lackluster at best and certainly not a strong motivation for members to suddenly move over their points to Velocity.
Not sure why Velocity can’t just run a normal campaign without hyping it up artificially and not having any substance in the end. This isn’t a one off but a constant pattern with them.
These are the Terms & Conditions for this promotion:
Velocity members will receive Tiered Bonus Velocity Points when they transfer points from Participating Card Partners to Velocity into Velocity Points (Transferred Velocity Points) between 1 and 31 May 2018 (Promotion Period). The Velocity membership terms and conditions apply for all reward partner transfers.
Tiered Bonus Velocity Points means the following percentage of bonus Velocity Points allocated to a member depending on the amount of Transferred Velocity Points in any one transfer under the promotion during the Promotion Period:
1 – 100,000 Velocity Points = 15% Bonus Velocity Frequent Flyer Points
100,001 to 250,000 Velocity Points = 20% Bonus Velocity Frequent Flyer Points
250,001 to 500,000 Velocity Points = 25% Bonus Velocity Frequent Flyer Points
500,001 to 750,000 Velocity Points = 30% Bonus Velocity Frequent Flyer Points
750,001 plus Velocity Points = 40% Bonus Velocity Frequent Flyer Points
Participating Card Partners include: Citibank Citi Rewards accounts, Diners Club Reward accounts, Bank of Queensland Q Rewards accounts (Platinum credit card holders only), Suncorp Bank Rewards accounts, Card Services Rewards Accounts, , HSBC Rewards accounts (Platinum and Premier credit card holders only), NAB Rewards accounts, and Australian American Express Card Members, including David Jones American Express Card Members enrolled in the Membership Rewards program (this offer excludes American Express New Zealand Card Members) . Minimum points transfer required. For full details on points transfers, including eligibility criteria, minimum points transfer requirements, applicable conversion rate see the Participating Card Partner Terms and Conditions. The earning and redemption of Card Partner points is subject to the Terms and Conditions of the Participating Card Partner reward program. Once the Participating Card Partner points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms and Conditions and cannot be reversed. Transferred Velocity Points and bonus Velocity Points will be available in your Velocity Account subject to the applicable Card Partner points transfer timeframes. Bonus Velocity Points are calculated on the total number of Velocity Points transferred to the Velocity Account in accordance with the offer.
Velocity members will receive 20% bonus Velocity Points when they transfer points from ANZ Reward Accounts, ANZ Business Reward Accounts, flybuys, Le Club AccorHotels, Choice Privileges, Hilton Honors, IHG® Rewards Club, Shangri-La Golden Circle Awards and Starwood Preferred Guest (Participating Partners) to Velocity between 1 May to 31 May 2018. Minimum points transfer applies. For full details on points transfers, including eligibility criteria, minimum points transfer requirements and applicable conversion rates see Card Partner Terms and Conditions, for full details on flybuys transfers click here, or for applicable conversion rates see Hotel Partner Terms and Conditions. The earning and redemption of Partner points is subject to the Terms and Conditions of the Partner reward program. Once Partner points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms and Conditions and cannot be reversed. Transferred Velocity Points and bonus Velocity Points will be available in your Velocity Account subject to the applicable Partner points transfer timeframes. Bonus Velocity Points are calculated on the total number of Velocity Points transferred to the Velocity Account in accordance with the offer. Additional Participating Partners’ Terms and Conditions apply, see below. For full Terms and Conditions, including Participating Partners’ Terms and Conditions visit the Velocity Website.