Taking up a Homeloan Get 250k Velocity Points or $1500 Cashback, Which One Would You Choose ?

aMaiZing on 09/03/2016 - 19:48

Hi Fellow Ozbargainers,
I am taking up a new homeloan and they offer 250,000 Velocity Point or $1500 cashback. Which one do you think is better value and why ? Please help me decide. Thank you in advance

Poll Options expired

  • 9
    250k Velocity Points
  • 4
    $1500 Cashback
General Discussion

Comments

  • [Deactivated] on 09/03/2016 - 20:04
    +1

    Points, points, points. End of discussion.

  • modsec802 on 09/03/2016 - 20:22
    +1

    So many factors. Do you fly Virgin frequently? Are you a status member who wants upgrades?
    Using the points for anything besides upgrades or reward flights would be a waste of points IMO, I'd rather the cash.

    • aMaiZing on 09/03/2016 - 20:24

      I hardly fly with Virgin

      • sagrules on 10/03/2016 - 10:03

        Take the money, and put it in your offset account. Since interest on home loan is compounded on a daily basis over the life of the loan you would save more than the $1500.

  • Neoika on 09/03/2016 - 20:23

    Go to the Classifieds section and find how much people are buying them for.Offer maybe PM to you soon:)

    • aMaiZing on 09/03/2016 - 20:25
      -2

      you mean I can sell the Velocity points ?

  • bbqwer on 09/03/2016 - 20:32

    250k Velocity Points = $2500

Login or Join to leave a comment
Login Join