The current situation regarding Virgin Australia seems to pose risk about becoming an unsecured creditor as it pertains to Velocity points if Virgin Australia goes under.
Weighing up the risk I'm hoping to use my Velocity points but I understand that flights and upgrades are the best value. With this not being an option, what is the best value I can get for my Velocity points?
From looking at their Velocity Rewards Store, spending it on things like electronics seems to be shockingly bad value. Are there decent gift card deals, or other ideas that present better value?
Keen to hear any experiences, advice, or thoughts on whether these concerns are founded or not.