expired 30% Velocity Points Bonus on ANZ Reward Points Transfers

220

15% Bonus provided by ANZ
15% provided by Velocity

Terms and Conditions
Things you need to know
Earning ANZ Reward Points: Reward Points accrue in accordance with the ANZ Rewards – Rewards Program Terms and Conditions booklet here. Purchases which are not eligible to earn Reward Points are described in the ANZ Rewards – Rewards Program Terms and Conditions booklet, e.g. fees, cash, cash equivalent transactions, balance transfers, and transactions for gambling or gaming purposes will not earn Reward Points.
*To redeem ANZ Reward Points for Velocity Points, individuals must be both an ANZ Rewards account holder and a Velocity Frequent Flyer member. The earning and redemption of Reward Points is subject to ANZ Rewards – Rewards Program Terms and Conditions here . A multiple of 2 ANZ Reward Points is required for manual redemption and a multiple of 2,000 ANZ Reward Points is required for any Auto-Redemption. Each of the 2 Offers below will be calculated as the percentage (15% as relevant) of the base number of Velocity Points you will receive when you convert your ANZ Reward Points to Velocity Points, before any other bonuses are applied. You will receive your points in three (3) separate transactions; your base redemption plus your two bonus redemptions:
1. Velocity 15% Frequent Flyer Offer: The Velocity Frequent Flyer bonus is available for every successful manual redemption or Auto-Redemption of ANZ Reward Points for Velocity Points made from 1 November to 30 November, and 1 December to 9 December 2018. It can take up to 5 business days for these Velocity Points to appear in the Velocity Membership Account.
2. ANZ 15% Booster Offer: The ANZ Booster Offer is available for every successful manual redemption or Auto-Redemption of ANZ Reward Points for Velocity Points made from 1 November to 30 November, and 1 December to 9 December 2018. It can take up to 5 business days for these Velocity Points to appear in the Velocity Membership Account.
If an Auto-Redemption has been processed, any changes made to Auto-Redemption preferences will only be applicable for future redemptions. To set up, change or cancel future Auto-Redemption options and for further information, please see ANZ Rewards – Rewards Program Terms and Conditions which are here. Velocity membership and Velocity Points are subject to the Velocity Member Terms and Conditions, available here . Membership of Velocity is the cardholder’s responsibility. ANZ takes no responsibility in respect of any delays in processing Velocity Points under this offer and accepts no liability for any loss suffered as a result of any delay. Once ANZ Reward Points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms & Conditions and cannot be reversed. ANZ holds no responsibility for flight availability, which may be limited, or any other redemption items available at here. Flight availability is at the sole discretion of the Velocity Airline Partner.

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closed Comments

  • -1 vote

    Generally the Velocity points are worth less than ANZ rewards

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      For flights?

    • +2 votes

      This is something I am looking into right now, from what I can gather if I had 22,225 Reward Points I could do either of the following;

      • ANZ Rewards: Cash out for a $100 gift voucher (noting that if I wanted cash instead it would be 25,000 Reward Points)
      • Velocity: Transfer for 11,112 velocity points, and then sell for 1c per point minimum for $111 cash

      Now if I added the 30% bonus on transfer, I would get 14,445 points and could sell for $144 cash.

      All of the above is assuming I could sell the velocity points for 1c per point, I often see people requesting more than this on the classifieds and they seemingly sell for more.

      Does my logic seem sound? If so, I will probably pull the trigger and transfer everything from ANZ Rewards to Velocity in the next few days.

      •  

        Sounds feasible except there have been a few posts on the frequent flyer forums recently of people getting velocity accounts suspended for buying/selling points. For simplicity I'd just get the gift card if that is what you want.

    •  

      Yeah nah