Reduction in Velocity Global Wallet Earn Rate

Velocity Global Wallet cardholders will earn fewer points on transactions within Australia from 4 May 2020. Fees for using the travel money card are also changing, with some charges being reduced or eliminated. New Velocity Global Wallet earn rate Currently, you can earn 1 Velocity point per $3 spent within Australia using the Velocity Global … Continued

Using Afterpay May Affect Your Credit Rating

“Buy now, pay later” services such as Afterpay have grown in popularity over recent years. In fact, 39% of online shoppers in Australia have used one of these services and 10% use them whenever possible, according to a recent Power Retail Report. But could using services like Afterpay affect your credit rating? The number of … Continued

Bankwest Devalues Qantas Transaction Account

Bankwest is reducing the number of Qantas Frequent Flyer points that can be earned with its Qantas Transaction Account. Currently, you can earn 5 Qantas points per transaction made using the debit card that comes with this bank account. The bank account balance also accrues interest in the form of Qantas points at a rate … Continued

Qantas Raises Service, Credit Card Fees

Qantas has quietly increased the service fees charged when making or changing a booking, including Classic Flight Rewards. The airline has also raised the cap on credit card fees, meaning customers booking expensive tickets may now be slugged an even higher credit card surcharge. Increases to Qantas booking & change fees The fees for bookings … Continued

Velocity 15% EOY Transfer Bonus – November 2019

It’s that time of year again! Every six months – in May and November – Velocity Frequent Flyer offers bonus points as an incentive to transfer points to Velocity from various credit card reward programs, as well as hotel loyalty programs and Flybuys. This month, Virgin Australia is calling its promotion the “15% EOY bonus”. … Continued