Virgin Australia, an unaffiliated airline (no part of any alliance) that Bain just acquired, has launched a points sale.
You can now buy Velocity miles with a 100% bonus until November 13, 2020, and if my calculations are correct, you pay roughly 0.83 US cents each.
You can access Velocity’s page for buying points here.
Here’s the price:
This table is without the purchase bonus. The price of 200,000 points should be $1,657 (USD), roughly 0.83 cents each.
Here are the award tables (see the following page for surcharges)
Conclusion
I couldn’t pull up the buy Velocity points page with the price because you either must have earned their points previously or have some in your account before you can acquire them for cash.
The partner award tables look quite attractive considering the price of a mile, although Aussies may have some trouble traveling outside of their county until sometime in 2021.
Here are the terms and conditions of this offer:
Buying Points with Velocity Points Booster is facilitated by Points Inc.
Velocity members who buy Velocity Points through the Velocity Points Booster website, the Velocity App or the Membership Contact Centre between 12:00 AM AEST 13 October 2020 and 11:59 PM AEST 13 November 2020 (Promotion Period) will receive a 100% Velocity Points bonus calculated as a percentage depending on the amount of Velocity Points bought in any one transaction during the Promotion Period.
You can buy a minimum of 1,000 Points and maximum of 100,000 Points at a time and as many times as you like during the Promotion Period up to a maximum of 250,000 base and bonus Points each year. Points will be allocated to the Velocity account of the member buying them. Prices are in Australian Dollars and are inclusive of GST. The applicable price will be the price published at the time you buy the Points. Once you buy Points, the amount paid is non-refundable (unless you’re entitled to a refund under the Australian Consumer Law). Points Booster transactions are processed outside of Australia. You’re responsible for any additional fees charged by your financial institution in connection with your Points Booster transaction. Points you buy must be redeemed for a Reward. Buying Points doesn’t guarantee the availability of your desired Reward.
