The easy way to score bonus Velocity Frequent Flyer points this May

Ceyda Erem

02 May 2019

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Velocity Frequent Flyer fans, hold onto your wallets because the points transfer promotion is back and rewards lovers have the chance to earn an extra 25% bonus points on top of their stash.

Aussies with participating credit cards have the chance to score bonus Velocity points when transferring their rewards points from their plastic to their Velocity Frequent Flyer account - though spenders with a pile of ANZ Rewards points can score a massive 50% bonus Velocity points.

In case you’ve forgotten Velocity points can be used for a range of things, like flights or flight upgrades, shopping at the Velocity Frequent Flyer rewards store, car hire and hotel accommodation.

Which rewards programs are eligible?

The good news is, heaps of the big credit card providers and banks are participating, so there’s a good chance you’ll be able to score extra Velocity points. Eligible cards and rewards programs include:

Amex Membership Rewards - Eligible cards include the American Express Velocity Escape and Velocity Platinum Card

- CommBank Awards - Eligible cards include the Commonwealth Bank Awards, Commonwealth Bank Diamond Award and the Commonwealth Bank Platinum Awards Card

- NAB Rewards - Eligible cards include the NAB Rewards Signature Card

- Westpac Altitude - Eligible cards include the Westpac Altitude Platinum and Westpac Altitude Black Card

- Citi Rewards - Eligible cards include the Citi Signature, the Citi Platinum and Citi Signature Card

- HSBC Rewards Plus - Eligible cards include the HSBC Platinum and HSBC Premier World Mastercard

- Suncorp Bank Rewards - Eligible cards include the Suncorp Clear Options Platinum and Suncorp Clear Options Gold Card

- Bank of Queensland - Eligible cards include the Bank of Queensland Platinum Visa and Bank of Queensland Blue Visa Card

One big exception not participating in the points biltz is the Amplify rewards program belonging to St. George, Bank SA and Bank of Melbourne.

How many bonus Velocity points will I be able to earn?

The number of bonus points you’ll be able to collect will depend on the amount of points you transfer as well as your bank or hotel rewards program. For most programs, transferring:

- 250,000 Velocity points will earn 15% bonus points

- 250,001 - 500,000 Velocity points will earn 20% bonus points

- 500,001 Velocity points will earn 25% bonus points

Those looking to transfer CommBank Awards points will receive 25% bonus points regardless of the transaction amount.

So if you’ve been sitting on a stash of rewards points and want to trade them in for Velocity Frequent Flyer points, now is the perfect time to do it - but move quick, as this promotion ends on May 31 2019.

Or, if you’re thinking of picking up some new plastic to accommodate your travel habits, head on over to our rewards credit card comparison tool or check out some offers below.

4 rewards credit card offers - rates updated daily

  • Promoted

    Apply By 31 October 2019

    Qantas Money Qantas Premier Platinum

    Receive up to 120,000 points (20,000 points each month for the first 6 months when spending more than $1.5k each month). $50 Wine voucher & 0% p.a. on balance transfers for 18 months.

    Qantas Frequent Flyer

    $299 $199 in the first year

    120,000

    1 point up to $10,000/month, then
    0.5 points uncapped

    • -

    • 19.99% p.a.

    • 0% p.a. for 18 months and then 21.99% p.a.

    • 21.99% p.a.

    • 55

    • 3.00%

    • $30.00

    • 1 point per dollar on Mastercard, up to $10,000 per month, then
      0.5 points per dollar on Mastercard, uncapped

    • Never

    • 120,000

    • 8,000 points

    • 120,000 points

    • 17,120 points

    • • Concierge

      • Travel Insurance

    Read our Mozo Review to learn more about the Qantas Premier Platinum

    Details Close

  • Promoted

    American Express Velocity Platinum Card

    Receive up to 100,000 bonus Velocity Points when you apply by 15 July 2019, are approved and meet the minimum spend criteria – that’s 25,000 points for each month you spend $1,000 in the first 4 months. Enjoy a complimentary domestic return flight with Virgin Australia to selected cities, each year after your first card spend. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2018.^

    Velocity Frequent Flyer

    $375

    100,000

    1.25 points uncapped

    • -

    • 20.74% p.a.

    • 0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    • 55

    • 3.00%

    • $30.00

    • 1.25 points per dollar on Amex, uncapped

    • Never

    • 100,000

    • 7,800 points

    • 119,600 points

    • 19,500 points

    • • Travel Insurance

      • Purchase Protection

      • Account alerts by SMS

    Read our Mozo Review to learn more about the Velocity Platinum Card

    Details Close

  • Promoted

    American Express Qantas Ultimate Card

    Receive 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. This offer is available to new Card Members only. For eligibility, simply earn above $65,000 and have a good credit score. Credit Card Provider of the Year in the Mozo Experts Choice Awards 2018.^

    Qantas Frequent Flyer

    $450

    55,000

    1.25 points uncapped

    • -

    • 20.74% p.a.

    • 0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)

    • 44

    • 3.00%

    • $30.00

    • 1.25 points per dollar on Amex, uncapped

    • Never

    • 55,000

    • 8,000 points

    • 120,000 points

    • 17,120 points

    • • Travel Insurance

      • Purchase Protection

      • Account alerts by SMS

    Read our Mozo Review to learn more about the Qantas Ultimate Card

    Details Close

  • Promoted

    Virgin Money Virgin Australia Velocity Flyer Card - Purchase Rate and Balance Transfer Offer

    Receive a $129 Virgin Australia gift voucher each year. 0.0% p.a. on purchases for up to 14 months.

    Velocity Frequent Flyer

    $129 $64 in the first year

    No current offer

    0.66 points up to $1,500/month, then
    0.5 points uncapped

    • 0% p.a. for 14 months

    • 20.74% p.a.

    • 0% p.a. for 6 months and then 20.99% p.a.

    • 20.99% p.a.

    • 44

    • 3.30%

    • $30.00

    • 0.66 points per dollar on Visa, up to $1,500 per month, then
      0.5 points per dollar on Visa, uncapped

    • Never

    • No current offer

    • 7,800 points

    • 119,600 points

    • 19,500 points

    • • Concierge

      • Guaranteed Pricing

    Details Close

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