Amex, Flybuys Reinstate Velocity Transfers

The American Express Membership Rewards and Flybuys programs have reinstated the ability to transfer points to Velocity Frequent Flyer. It comes after all Australian bank & supermarket loyalty programs temporarily suspended point transfers to Velocity due to the loyalty program of Virgin Australia pausing all redemptions on 21 April 2020. Most Australian banks are still blocking … Continued

Amex Platinum Cardholders Get Double Points until July

Amex Platinum and Amex Centurion cardholders have been offered double Amex Membership Rewards points on all purchases from 22 April until 20 July 2020. The offer applies automatically for all Platinum and Centurion cardholders and there is no need to register. The following notice is being displayed to eligible cardholders on the Amex website: Double Rewards: … Continued

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