Login Now to remove this and all advertisements (GOLD and SILVER members)
Not a member? Register Now for free

Velocity Transfer 15% bonus from Credit Cards

Status
Not open for further replies.

PDog

Active Member
Joined
Nov 25, 2011
Messages
917
Points
290
Thank you! It's now in my diary to nag, I mean 'remind' my husband at the end of May!
 

rtyuiop

Active Member
Joined
Feb 12, 2009
Messages
680
Points
10
Looks like Westpac is missing from the list, maybe because they have the auto transfer feature now

Yeah, this is what we figured would happen with Westpac bringing in auto transfer. Oh well - might be time to change cards... Although keeping points in westpac and then sending to KF or VA is handy.
 

trippin_the_rift

Established Member
Joined
Apr 2, 2006
Messages
3,893
Points
530
Ironically; those least loyal are being rewarded for transferring points to the FFP.
 
Now with contactless delivery, shop online to get drinks delivered to your door or pick up in-store in 30 minutes. Lowest Liquor Price Guarantee. Biggest Range.

Recommended by the Australian Frequent Flyer

Virgin Bart

Established Member
Joined
Nov 19, 2011
Messages
1,200
Points
395
This round is particularly significant as it's the last chance prior to the program restructure on June 1.
 

Blackswan

Active Member
Joined
Jan 30, 2008
Messages
548
Points
305
It's a shame they don't have the 15% discount on redemption's promo running, too.
 

burmans

Senior Member
Joined
Feb 21, 2006
Messages
6,992
Points
850
Ironically; those least loyal are being rewarded for transferring points to the FFP.
Yeah, but isn't it the point of all loyalty programs really to encourage those who are most likely to be disloyal to show some loyalty they wouldn't otherwise show. I know we don't like it but I can certainly see the logic that time and money spent on ensuring the loyalty of people who are already loyal isn't a great economic concept.
 

trippin_the_rift

Established Member
Joined
Apr 2, 2006
Messages
3,893
Points
530
Yeah, but isn't it the point of all loyalty programs really to encourage those who are most likely to be disloyal to show some loyalty they wouldn't otherwise show. I know we don't like it but I can certainly see the logic that time and money spent on ensuring the loyalty of people who are already loyal isn't a great economic concept.

I think it's a drug for velocity. They make fast cash when they do these and now they've become so regular it's potentially having side effects.

People waiting for an offer
Existing loyal cc earning users don't receive any benefit for being loyal

If it ultimately all added up - we would see QF doing the exact same thing more regularly too. The fact QF only dabbles in these bonuses suggests to me that they've got the better overall loyalty modelling and there are risks.

Also shows significant lack of business creativity in my opinion.
 

AviationNZ

Member
Joined
Jul 23, 2007
Messages
475
Points
230
People waiting for an offer

This is certainly me! I'm in no rush moving my points from Amex MR, so just want to get at least a 15% bonus.

Does anyone else recall if these bonuses have been greater than 15%? I seem to recall seeing 20-30% at some stage but I could be mistaken.
 

GarrettM

Established Member
Joined
Sep 17, 2015
Messages
1,157
Points
570
Question. My Amex Points currently move across automatically on the 1st of each month.

Is that a setting I can change to take advantage of something like this?

I'm talking minimal points really. Maybe a couple thousand a month. But 15% still makes a difference.
 

Jurahn

Established Member
Joined
Mar 3, 2011
Messages
1,415
Points
390
Does anyone else recall if these bonuses have been greater than 15%? I seem to recall seeing 20-30% at some stage but I could be mistaken.

There are threads back in 2010/2011 referring to a 25% bonus, but in recent years I think 15% is about as good as it gets.
 

mrsmart

Established Member
Joined
Dec 14, 2013
Messages
1,416
Points
10
Awesome! Been sitting on my ANZ Rewards points for a while waiting for this.

Edit: sitting on a very round 40,000 points just by chance! How's that for nice numbers.
 
Status
Not open for further replies.
Top