If you’re just a little short of the points needed for a Velocity reward booking, there is an easy way to purchase additional points. Virgin Australia offers what’s known as “Velocity Points Booster”, where you can buy Velocity points on the Virgin Australia website. It’s possible to purchase up to 250,000 Velocity points per year.
How Velocity Points Booster works
With Velocity Frequent Flyer, you just need to have at least one Velocity point in your account in order to buy points. There is no limit to the number of transactions you can make – just the annual purchase limit of 250,000 Velocity points.
You can buy Velocity points on the Virgin Australia website. At the time of purchase you’ll be asked to specify how you will use the points. There is no requirement that you have to use the points in the specified way – although it would make little sense to buy points without a specific redemption in mind!
You can purchase points in increments of 500 points up to 5,000 points, then increments of 1,000 points up to 50,000 points. When purchasing more than 50,000 Velocity points, you’d need to buy in increments of 10,000 points. The minimum purchase amount is 1,000 points.
Prices start at $36 for 1,000 Velocity points, or 3.6 cents per point. It becomes a little cheaper as you purchase more points. Buying 50,000 points costs $1,172, which gives a cost of 2.34 cents per point. The maximum 250,000 Velocity points would cost $5,850 (also 2.34 cents per point).
Here is the updated Velocity Points Booster pricing table from the Virgin Australia website:
When does it make sense to buy Velocity points?
The short answer is… almost never! Even at the best possible rate, you’re paying 2.34 cents for each Velocity point. Unless you’re redeeming points for a valuable Business Class reward flight or upgrade, it’s unlikely you’d be able to get this much value out of your points when redeeming them. If you wish to buy points in order to redeem for Virgin Australia flights, it will probably work out better value to buy Etihad Guest miles instead.
It could make sense to buy Velocity points if you’re just a little bit short of a valuable reward. The points will credit to your account instantly, so it could be worth it if you need a small amount of additional points quickly.
A more cost-effective way to earn large amounts of Velocity points is by taking advantage of credit card sign-up bonuses. However, the points can take some months to arrive in your frequent flyer account. If you need Velocity points quickly, you could also consider carrying out a family transfer instead.
Velocity Points Booster could also be used if you need a small amount of extra KrisFlyer miles. The Singapore Airlines KrisFlyer program does not sell miles. But if you have a Velocity account, you can buy Velocity points and then transfer the Velocity points to KrisFlyer.
Discounts on buying Velocity points
From time to time, Velocity Frequent Flyer does offer small discounts on buying points. For example, you can currently get up to 20% off Velocity Points Booster purchases made until 17 March 2020. The discount is tiered, depending on the quantity of points that you purchase:
- Buy 1,000 to 10,000 Velocity points to receive a 10% discount
- Buy 11,000 to 45,000 Velocity points to receive a 15% discount
- Buy 50,000 to 250,000 Velocity points to receive a 20% discount
Read more: How to Buy Qantas Frequent Flyer Points