Virgin Australia Velocity Conversion Bonus + Gold/Platinum Status Upgrade

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Virgin Australia Velocity and American Express have launched an interesting conversion offer for the Australian market.

Velocity members can get a 20% bonus on Amex Membership Rewards to points conversions PLUS Gold or Platinum status with the program (if the conversion is significant enough).

You can access this offer on the American Express website here.

Here’s the conversion schedule:

Members that convert 400,000 Membership Rewards points get Gold and those that do a minimum of 800,000 Platinum.

Virgin Australia benefits matrix:

Conclusion

Virgin Australia is not part of any alliance but has a close relationship with Delta (previously Singapore Airlines). Velocity members get certain elite benefits on a limited number of airlines outside of Virgin Australia flights.

This offer can perhaps make sense for some that have plenty of Membership Rewards points sitting on their account and who would like to have status with Virgin Australia.

Here are the terms and conditions of this promotion:

Bonus Velocity Points

American Express Card Members (excluding New Zealand Card Members) will receive bonus Velocity Points when they transfer Membership Rewards points from the American Express Membership Rewards Program to Velocity into Velocity Points between 12:01am (AEDT) 17 February 2020 to 29 February 2020 11:59PM (AEDT) (Promotion Period).

To transfer Membership Rewards points for Velocity Points you must be enrolled in the Premium Ascent Membership Rewards program and be a member of Velocity Frequent Flyer. To receive 20% bonus Velocity Points you must transfer Membership Rewards points from the American Express Membership Rewards Program to Velocity into Velocity Points between 12:01am (AEDT) 17 February and 29 February 2020 11:59pm (AEDT) (Promotion Period).

A minimum of 2,000 Membership Rewards points must be redeemed for Velocity Points at any one time during the Promotion Period and must be in increments of 2 Membership Rewards points. Please log in for full details on points transfers, including eligibility criteria, minimum points transfer requirements and applicable conversion rate. The earning and redemption of Membership Rewards points is subject to the Terms and Conditions of the American Express Membership Rewards Program. The redemption of Membership Rewards points will be administered solely by American Express and will take up to 1 business day to transfer into your Velocity Account and is subject to the Terms and Conditions of the American Express Membership Rewards Program in which you are enrolled. Once the Membership Rewards 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 take up to 1 business days to be available in your Velocity account. Bonus Velocity Points are calculated on the total number of Membership Rewards Points transferred to the Velocity account in accordance with the offer.

Status Upgrade

The promotion period for this offer is 17 February 2020 to 29 February 2020 (Promotion Period). This offer is only available to American Express Centurion Members, American Express Platinum Card Members and American Express Platinum Business Card Members. To receive an upgrade to Gold Velocity membership for 12 months, you must transfer a minimum of 400,000 Membership Rewards points in one or more transactions to Velocity into Velocity Points between 17 February 2020 to 29 February 2020 (Promotion Period). To receive an upgrade to Platinum Velocity membership for 12 months, you must transfer a minimum of 800,000 Membership Rewards points in one or more transactions to Velocity into Velocity Points during the Promotion Period. A minimum of 2,000 Membership Rewards points may be redeemed for Velocity Points at any one time during the promotion period and must be in whole numbers. The 12-month period will commence from the end of the Promotion Period. At the end of the 12-month period your Velocity Status will be assessed in accordance with the Velocity Membership Terms and Conditions and may result in a downgrade if you don’t meet applicable Status eligibility requirements. For more information on the requirements to maintain Status, click here.

Status memberships offered as part of this offer are only available to the primary American Express Card Member and can’t be gifted or transferred to another Card Member.

If you’re already an existing Velocity Platinum member, you’ll be eligible to maintain your Platinum membership for 12 months from the end of the Promotion Period by transferring 800,000 Membership Rewards points to Velocity during the Promotion Period.

If you’re already an existing Velocity Gold member, you’ll be eligible to maintain your Gold membership for 12 months from the end of the Promotion Period by transferring 400,000 Membership Rewards points to Velocity during the Promotion Period.

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