Velocity’s 15-20% Transfer Bonus in May-June 2024

For years, Velocity Frequent Flyer has offered bonus points when you transfer points in from a credit card rewards program during May and November.

This year is no exception, although this latest promotion requires you to either:

• Manually transfer points into Velocity Frequent Flyer two months in a row (at least once in May and again in June 2024), or
• Opt-in to Velocity Auto Transfer between 1 May – 30 June 2024.

If you use the manual transfer offer, you’ll receive 15% bonus points into your Velocity account by 31 July 2024. If you opt-in to Auto Transfer, you’ll get a 20% bonus on any Velocity points transferred into your account.

This promotion is similar to the last one which ran from November 2023 until January 2024. With that offer, you also had to wait until well after the promotion had ended to receive your allocation of bonus points. (In previous years, the bonus was instant and the T&Cs were simpler.)

To take advantage of this offer, you need to have a credit card that earns points with the bank’s loyalty program. Velocity Frequent Flyer co-brand cards that exclusively earn Velocity points don’t qualify.

The manual transfer offer

You can receive 15% bonus points on any points manually transferred to Velocity from the following loyalty programs, provided you make a transfer in both May and June 2024:

• Amex Membership Rewards
• ANZ Rewards
• ANZ Business Rewards
• Bank of Melbourne/Bank SA/St.George Amplify Rewards
• BOQ Q Rewards
• Card Services
• Citi Rewards
• CommBank Awards
• Diners Club Rewards
• HSBC Rewards Club
• NAB Rewards
• Suncorp Rewards
• Westpac Altitude

If you have points with ANZ Rewards, note the following clause in the offer T&Cs:

If you receive the 70,000 First Year Bonus Acquisition Points as part of the ANZ Rewards Platinum offer during the Promotion Period, you will not be eligible to receive bonus Points as part of this offer on any points transferred from ANZ Rewards. 

The Auto Transfer offer

The Auto Transfer offer is only available for members of ANZ Rewards, ANZ Business Rewards, NAB Rewards and Amplify Rewards. Amplify Rewards is the loyalty program of St.George, Bank SA and Bank of Melbourne.

Although you’ll get a larger bonus, the downside of Auto Transfer is that your entire existing points balance will immediately be converted into Velocity points. This gives you less flexibility when you want to redeem your points to book travel.

Note that you can’t get the bonus points for opting into Auto Redemption if you recently got a sign-up bonus with a NAB Rewards Platinum card. Here’s what the offer T&Cs say:

Auto Redemption: If you receive the 60,000 First Year Bonus Acquisition Points as part of the NAB Rewards Platinum offer during the Promotion Period, you will not be eligible to receive bonus Points as part of this offer on any points transferred from NAB Rewards. 

What if you already have auto-redemption turned on?

If you had already opted into Velocity Auto Transfer before this promotion started on the 1st of May 2024, this is what Velocity Frequent Flyer’s FAQs say:

Members must have been opted out of auto-redemption or auto-sweep at the start of the Promotion Period (12:00am AEST on 1 May 2024) to be eligible for this offer.

You can see the full offer T&Cs on the Velocity Frequent Flyer website.

What can you do with Velocity points?

Velocity Frequent Flyer is the loyalty program of Virgin Australia. You can use Velocity points to book flights on Virgin Australia, as well as nine other partner airlines.

Here’s the full range of airlines you can book Reward Seats on with Velocity points:

You can also redeem Velocity points for things like:

• Upgrading Virgin Australia flights from Economy to Business Class
• Economy X seat selection on Virgin Australia flights
• Merchandise from the Velocity Rewards store
• Gift cards
• Wine
• Online shopping with Myer
• Hotel bookings (powered by Rocket Travel)
• Car hire bookings via Rocket Travel
• Luxury Escapes bookings

For more information, see our Beginner’s Guide to Virgin Australia Velocity or our Frequent Flyer Training courses!

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Matt Graham

The editor of Australian Frequent Flyer, Matt's passion for travel has taken him to over 80 countries… with the help of frequent flyer points, of course!
Matt's favourite destinations (so far) are Germany, Brazil & Kazakhstan. His interests include economics, aviation & foreign languages, and he has a soft spot for good food and red wine.

You can connect with Matt by posting on the Australian Frequent Flyer community forum and tagging @AFF Editor.