Bonus offers when converting other credit card points to Velocity.

Status
Not open for further replies.

woodyren

Active Member
Joined
Aug 31, 2015
Messages
542
Points
365
I am a new Velocity member who also has a Commbank diamond awards Amex. I receive 3pts per $ spend on the Amex but only 1 pt per $ spend on my Amex Velocity platinum. Usually end up with over 100k points per year.
I believe the conversion rate for my Commbank pts to Velocity is 2:1. So I plan to continue to use my Commbank Amex for the majority of our spend as it is effectively 1.5 Velocity pts per $ spend.

Have I got the sums right?

I have also read that at times there are bonus offers to convert pts with 15% extra value or similar.

Is this correct and how are you notified?

How often does it occur?
 

scwappy

Active Member
Joined
Nov 2, 2009
Messages
565
Points
305
I think from memory the bonus promotions occur twice per year. It is well advertised so you shouldn't miss it.
 

stux

Member
Joined
Jun 18, 2014
Messages
106
Points
5
I am a new Velocity member who also has a Commbank diamond awards Amex. I receive 3pts per $ spend on the Amex but only 1 pt per $ spend on my Amex Velocity platinum. Usually end up with over 100k points per year.
I believe the conversion rate for my Commbank pts to Velocity is 2:1. So I plan to continue to use my Commbank Amex for the majority of our spend as it is effectively 1.5 Velocity pts per $ spend.

Have I got the sums right?

I have also read that at times there are bonus offers to convert pts with 15% extra value or similar.

Is this correct and how are you notified?

How often does it occur?

yes, this is correct.

1.5pt/$ effective rate

consider paying your ato bills with the diamond Amex ;)
 

danielt25

Member
Joined
Mar 16, 2011
Messages
405
Points
230
Poo :(

extra characters

Does anyone know of any credit card (apart from Commonwealth Bank Business Credit Cards) allowing you to earn points from the ATO transactions? (that then allow you to transfer to Virgin Frequent flyer points?)
 

Supersonic Swinger

Active Member
Joined
Aug 15, 2006
Messages
782
Solutions
1
Points
325
The next one should occur October or November, although not all credit card programs participate each time. HIstory of the bonuses are:


  • May 2015: 15% transfer bonus, 15% discount
  • November 2014: 15% transfer bonus
  • May 2014: 10% transfer bonus, 10% discount
  • October 2013: 15% transfer bonus, 15% discount
  • April 2013: 15% transfer bonus
  • October 2012: 15% transfer bonus
  • September 2011: 20% bonus
http://www.pointhacks.com.au/velocity-transfer-redemption-bonuses/
 
Virgin Wines Australia Has Exceptional Red, White & Sparkling Wines On Offer. See Online. See Our Exclusive Wine Selections From Around Australia & Around The World. Shop Now! Advent Calendar 2021. Better Wines for Less. Cancel Anytime. No Membership Fees.

AFF Supporters can remove this and all advertisements

burmans

Senior Member
Joined
Feb 21, 2006
Messages
7,703
Solutions
1
Points
1,010
Does anyone know of any credit card (apart from Commonwealth Bank Business Credit Cards) allowing you to earn points from the ATO transactions? (that then allow you to transfer to Virgin Frequent flyer points?)
Amex does but at reduced earn.
 

Fiches Mouser

Established Member
Joined
Dec 14, 2013
Messages
1,416
Points
470
The next one should occur October or November, although not all credit card programs participate each time. HIstory of the bonuses are:


  • May 2015: 15% transfer bonus, 15% discount
  • November 2014: 15% transfer bonus
  • May 2014: 10% transfer bonus, 10% discount
  • October 2013: 15% transfer bonus, 15% discount
  • April 2013: 15% transfer bonus
  • October 2012: 15% transfer bonus
  • September 2011: 20% bonus
http://www.pointhacks.com.au/velocity-transfer-redemption-bonuses/

I am seriously hanging out for one of these. I've got some warehoused ANZ points ready for some using! :p
 

Jurahn

Established Member
Joined
Mar 3, 2011
Messages
1,445
Points
400
I also have the Diamond Awards Amex and although CBA used to participate in all the promotions, over the past couple of years it only seems to be every second one - so if you receive an email about a bonus transfer/redemption offer, always check to make sure your bank is one of the participating ones before you go ahead and transfer points across!
 

Buzzard

Senior Member
Joined
Jan 22, 2013
Messages
6,865
Points
1,120
Does anyone know of any credit card (apart from Commonwealth Bank Business Credit Cards) allowing you to earn points from the ATO transactions? (that then allow you to transfer to Virgin Frequent flyer points?)

Citi Signature (VISA)
 

zainman

Established Member
Joined
Jan 31, 2012
Messages
1,450
Points
395
Hopefully Westpac participate in the next promo.. would like to move some points over to Velocity...
 

Danger UXB

Active Member
Joined
Jun 3, 2008
Messages
831
Points
305
The next one should occur October or November, although not all credit card programs participate each time. HIstory of the bonuses are:


  • May 2015: 15% transfer bonus, 15% discount
  • November 2014: 15% transfer bonus
  • May 2014: 10% transfer bonus, 10% discount
  • October 2013: 15% transfer bonus, 15% discount
  • April 2013: 15% transfer bonus
  • October 2012: 15% transfer bonus
  • September 2011: 20% bonus
http://www.pointhacks.com.au/velocity-transfer-redemption-bonuses/

A question for all the velocity faithful out there
Can I assume that the transfer bonus will not be occurring this month as 1st oct has passed and no announcement??
ie do the transfer bonus periods always start on the first of the month or in the past have they occurred at random start times thru the month.
Sorry just wanting to book some EY F travel but I wouldn't mind a 15 % bonus to do it:D
 

ftm

Active Member
Joined
Feb 19, 2011
Messages
633
Solutions
1
Points
10
I'm hopeful for a bonus off in the coming months too... Have been eating into my VA balance with domestic flights lately. So much more availability than QF has meant that I can basically fly when I want with VA and not have to fork out any hard $$
 
Status
Not open for further replies.

Enhance your AFF viewing experience!

From just $6 we'll remove all advertisements so that you can enjoy a cleaner and uninterupted viewing experience.

And you'll be supporting us so that we can continue to provide this valuable resource :)


Sample AFF with no advertisements? More..
Top