Will you still earn/retain Velocity status beyond 2025?

[simmomelb]

We also have an investment property which still has a mortgage. That also is contributing to the equation. We will probably sell it in the next 12 months so maybe that might help.

Perhaps, yeah.
My dad has 3 investment properties, and the home he lives in, all fully paid off, a great credit record, is retired and has plenty of savings and was rejected, go figure.
He just wanted a new CC for the FF points and included international travel insurance.

 

[Falcs]

Perhaps, yeah.
My dad has 3 investment properties, and the home he lives in, all fully paid off, a great credit record, is retired and has plenty of savings and was rejected, go figure.
He just wanted a new CC for the FF points and included international travel insurance.

Unfortunately, all banks care about is serviceability (Income less expenses/repayments).

Even if your mortgage was on the home stretch - say less than $100k remaining and you're paying off $5k per month the banks will assess your application based on those outgoings of $5k per month.

In Asian countries they let you "pledge" a TD with them eg if you want a $10k limit credit card, you set up a term deposit with them of $10k. It's a shame they don't do it here.

 

[TMP]

Well, a pleasant surprise in my inbox today with VFF extending my Silver status for another year even though I was about 20 SC's short. I was fully expecting to complete the sad slide from Platinum to Red at the end of this month. On top of the program changes, life circumstances changed a lot over the last 24 months, as did tactics with family pooling to support my partner to retain Gold as a minimum.

I'd resigned myself to the VFF game being over (and it is a game - we should all remember that) and switching to other games like upgrade options and feeling free to book a broader range of airlines internationally. I think that will still be the case even with the extension of Silver, but if circumstances change again, at least I am a step closer to the benefits of Gold.

All in all, a nice surprise.

 

[Brizz]

Another nice email here - maintained Plat despite being 150 SC short...

 

[MooTime]

I think that will still be the case even with the extension of Silver, but if circumstances change again, at least I am a step closer to the benefits of Gold.

All in all, a nice surprise.

Not really step closer to Gold next year as you'll have to earn 500SC not just the 400SC to requalify.

Unless your referring to having SC sitting in your account before they expire aiming to qualify within the year.

 

[oz_mark]

Well, a pleasant surprise in my inbox today with VFF extending my Silver status for another year even though I was about 20 SC's short.

Another nice email here - maintained Plat despite being 150 SC short...

Had you got to your review period? I'm up for review in Feb, and unless something changes, I'm going to fall short (on the new rules).

 

[Falcs]

I'm tossing up whether to do a status run for 43 SC to maintain gold. Would have gotten there with eyes closed except for the new 50% "VA + Own Earn" requirement. Definitely giving up on VA after this year regardless.

 

[Brizz]

Had you got to your review period? I'm up for review in Feb, and unless something changes, I'm going to fall short (on the new rules).

Yeah 8th Jan was my date. So a quick review.

 

[oz_mark]

I'm tossing up whether to do a status run for 43 SC to maintain gold. Would have gotten there with eyes closed except for the new the 50% "VA + Own Earn" requirement. Definitely giving up on VA after this year regardless.

Same boat

 

[Bolter]

Another nice email here - maintained Plat despite being 150 SC short...

150 SCs seems a long way short. Hope they extend me that generosity in April when mine comes up.

 

[MooTime]

600 SC short & totally given up on velocity status.

PP, credit card access & points club gets our family enough lounge access with the red roo or #@itstar when I'm brave enough.

 

[SYD]

600 SC short & totally given up on velocity status.

PP, credit card access & points club gets our family enough lounge access with the red roo or #@itstar when I'm brave enough.

Oh, that reminds me that I have 2x PS Lounge passes that’ll expire when I hard land (again) to Red….

I still have a decent stash of VA points to run down - I’m saving those for partner awards but could take the opportunity to book some short hop domestic flights. I’ve already retain QF WP 6mths in, so don’t need any more SCs over there for now.

Meanwhile, the only VFF SCs I’m earning are from FBs…

 

[Flyerwin]

I haven't completely given up - I have to fly anyway, and have reached WP with QF already, so moving flights to VA for now. May or may not make it.

 

[TMP]

Had you got to your review period? I'm up for review in Feb, and unless something changes, I'm going to fall short (on the new rules).

Two weeks off the review period

 

[Scarlett]

Another nice email here - maintained Plat despite being 150 SC short...

That is quite an amazing decision by VFF. Do you have forward bookings with them they may have taken into account; or routinely go well past WP requal requirements?

 

[drron]

I have made the decision to abandon any thoughts of any VFF or QFF status. I was thinking of going for VFF status through partner purchases through VFF but then looked at prices.
Our most frequent travel is BNE - BKK. So I looked at prices. SQ to SIN - $A3800, through VA$4150. But then looked at TG SYD - BKK. $A 2750. No brainer.

 

[Rebus]

Another nice email here - maintained Plat despite being 150 SC short...

Likewise, maintaining Platinum with 109 SC required before end January and no forward bookings. The email stated that the extension was based on my travel record over the past 12 months.

 

[MooTime]

VA want to reduce lounge access yet throw credit card access out there to all and now letting all that fall short in retaining status.

Numbers must really be falling more than anticipated.

Looking rather desperate.

 

[Brizz]

That is quite an amazing decision by VFF. Do you have forward bookings with them they may have taken into account; or routinely go well past WP requal requirements?

I have a couple of bookings - but nothing significant.

Last year was my first year of Plat but I have always been closer to Plat than gold by the finish of the year.

Here's the body of the email...

Today, we’re recognising our most loyal Velocity members who have flown frequently with Virgin Australia over the past year, but will fall just short of maintaining their current Status. To recognise your loyalty, we wanted to let you know that your Platinum Status will be extended for an additional 12 months after your Review Date*. This offer is exclusive to you and a reward to your loyalty to Virgin Australia.

I'm not arguing!

 

[BRIS_VA_HAWK]

Interesting email received this morning. Not sure whether it's targeted or not, but bonus SC suggests that there may be a want to lift bookings...