Ah of course... Thanks for reminding me, I always get those two mixed up!!
Yes i'm sure it does seem pretty straight forward...
But then i don't think I will ever pay >$7000 for a ticket and to me personally i find even $3500 a bit steep... But i like paying as little as possible...
So like when Amex had that recent Virgin Amex card with the sign on bonus of 110,000 points, i managed to get two of those (plus another sign on bonus of 20,000 velocity points from some one else) all for the princely sum of about $700, took out an ANZ Black card and after spending enough got the 75,000 ANZ rewards points, a bit more spend put that up about 112,000 rewards points, did the recent transfer fron ANZ with several bonuses and now, with other monthly spend, my total on Velocity was about 350,000, can't think that cost me to much more than $1000 all up, just booked EY F MEL-AUH-DFW the other night and then might look at SQ Suites class back?
Again just another strategy...