Velocity Frequent Flyer has launched a new offer of 20% bonus points when transferring points from selected credit card and hotel loyalty programs. It comes just days after the sale of Virgin Australia to Bain Capital was approved, paving the way for Virgin Australia to emerge from voluntary administration by the end of October.
With the current offer, which runs from 7-20 September 2020, you can get 20% bonus Velocity Frequent Flyer points when transferring points from selected partner programs. These include Amex Membership Rewards, NAB Rewards and the following six hotel loyalty programs:
- Accor ALL
- Choice Privileges
- Hilton Honors
- IHG Rewards Club
- Shangri-La Golden Circle
- Marriott Bonvoy
This 20% bonus Velocity points offer is open to all Velocity Frequent Flyer members. There is no need to register. You just need to initiate your points transfer between 12.01am on 7 September and 11.59pm (AEST) on 20 September 2020. More details are available on the Velocity website.
NAB Rewards reinstates transfers to Velocity Frequent Flyer
NAB has only recently reinstated points transfers from its NAB Rewards credit card program to Velocity Frequent Flyer, following last week’s sale announcement.
But with many Velocity redemptions still unavailable, most Australian banks continue to suspend transfers to Velocity Frequent Flyer. Of the many Australian credit card rewards programs that normally partner with Velocity, only American Express Membership Rewards and NAB Rewards have reinstated transfer functionality so far. Amex, as well as the Flybuys loyalty program, resumed transfers in May 2020.
Velocity Frequent Flyer points may currently only be redeemed for Virgin Australia flights and upgrades on selected domestic routes, hotels or car hire redemptions.
Virgin Australia flights on other domestic routes are still available for frequent flyer redemptions using partner airline frequent flyer programs such as Singapore Airlines KrisFlyer or Delta SkyMiles.
Other redemptions, including flights on Virgin’s overseas partner airlines, products from the Velocity Rewards store, wine and gift vouchers remain unavailable. The ability to transfer Velocity points to KrisFlyer miles has also not been reinstated and may never return.
When deciding whether to transfer points to Velocity during the current promotion, you should keep in mind the limited opportunity to redeem Velocity points at this moment. Unless you plan to immediately redeem the points, there is a risk involved because points transfers cannot be reversed.
Velocity Frequent Flyer typically offers around 15% bonus points when transferring from most credit card and hotel loyalty programs in May and November each year. This offer did not run in May this year, but may return in November.
Join the discussion on the Australian Frequent Flyer forum: Velocity 20% transfer bonus (7-20 September 2020)