15% Bonus Velocity Points (20% for Some AmEx Cards) When You Transfer Your Reward Points from Participating Partners @ Velocity

1050

15% Bonus Velocity Points (20% for Some AmEx Cards) When You Transfer Your Reward Points from Participating Partners @ Velocity

ol mate on 30/04/2023 - 16:35 experience.velocityfrequentflyer.com (2861 clicks)
Last edited 05/05/2023 - 10:04 by 1 other user

Turn your participating credit card and hotel rewards points into Velocity Frequent Flyer Points.
Just transfer your reward points from participating partners to your Velocity account by 31 May 2023 and be rewarded with a minimum of 15% bonus Velocity Points. Min. points transfer, exclusions & T&Cs apply.
You could be sliding into holiday mode, with your next flight just a transfer away!

20% bonus
Amex Ascent Premium - min 2,000 pts

15% bonus
Amex - min 2,000pts
ANZ Rewards - min 2,000pts
ANZ Business Rewards - min 2,000pts
BoM/BankSA/StGeorge - min 3,000pts
BoQ - min 30,000pts
Card Services - min 25,000pts
Citi - min 2,000pts
CBA - min 2pts
Diners Club - min 7,500pts
HSBC - min 5,000pts
NAB - min 3,000pts
Suncorp - min 25,000pts
Westpac - min 3,000pts
Accor ALL - min 4,000pts
Choice Privileges - min 2,000pts
Hilton - min 10,000pts
IHG - min 10,000pts
Marriott Bonvoy - min 3,000pts
Shangri-La - min 1,000pts

This generally runs semi-annually. Great for those who are sitting on the >300k Citi Reward points from the Citi Prestige offers

Warning for those with Direct Earning cards
It appears that people who have received VFF cards from a direct earning card (e.g. Amex Velocity or Virgin Money) need to select option 1 or option 2 on an email that VFF has sent out (17% back on bookings or this bonus).

Velocity members will receive 15% bonus Velocity Points when they transfer eligible points from Participating Partners to Velocity into Velocity Points between 12:01am AEST 1 May 2023 and 11:59pm AEST 31 May 2023 (“Promotion Period”). Minimum points transfer required, transferred in one transaction.

Format and description inspired by Bugishere

Travel Frequent Flyer Reward Points Velocity Frequent Flyer

31 May 2023

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closed Comments

9hcpz on 30/04/2023 - 16:37

-4

They’re running out of cash again?
- ol mate on 30/04/2023 - 16:38
  
  Either that or Bain are trying to pump the Velocity loyalty business for the sake of the IPO.
  - HardQuiz on 30/04/2023 - 18:46
    
    Or both.
    - AircraftFreight on 01/05/2023 - 09:30
      
      Probably both.
  - Capitalshark on 01/05/2023 - 11:44
    
    They sell the points to these companies , that’s the business model. how is 15% bonus any different to a store offering 15% discount on a product?
    - ol mate on 01/05/2023 - 12:43
      
      VFF get to hold cash until the points are actually spent whereas goods are usually paid for by the retailer before or shortly after they’re sold.
      
      Some people will sit on these points for years, especially when VFF doesn’t have a hard expiry
      - Capitalshark on 01/05/2023 - 13:11
        
        @ol mate: Agreed. Just like gift cards at Coles and co, who do similar discounts all the time
syswong on 30/04/2023 - 16:39

-1

I will consider Velocity when they actually add ANA. Otherwise nah!!
- Gravediggaz on 21/05/2023 - 14:24
  
  What points do ANA use? Krisflyer?
JHoliday on 30/04/2023 - 16:55

Citi Rewards 1:1 with Velocity?
- Moses on 30/04/2023 - 17:07
  
  not that i can see
- Xizor on 30/04/2023 - 17:19
  
  +2
  
  Citi Premier and Citi Prestige: Currently 2 Citi reward points equals 1 Velocity Point.
  Citi Rewards: Currently 2.5 Citi reward points equals 1 Velocity Point.
- twistedbow on 01/05/2023 - 23:27
  
  not worth transferring to velocity if you are not after velocity points for this deal.
  - JHoliday on 02/05/2023 - 09:02
    
    What else to use Citi points for?
    - twistedbow on 02/05/2023 - 12:25
      
      I go for krisflyer (Singapore airline) but you can also use for flybuys or cashback. I have citi premier and it's 250 points per $1 cashback.
R3XNebular on 30/04/2023 - 17:02

+1

Excellent. Been waiting for this, have a stack of Westpac Altitude that I'll transfer to velocity..
Jetkuma on 30/04/2023 - 17:05

I think it is usually Citi that gets a 25% bonus, 20% for AMEX, and 15% for other banks.
- puffinfresh on 30/04/2023 - 18:12
  
  +3
  
  ANZ used to do 30%
  - T-man on 30/04/2023 - 22:52
    
    Used to do 50% (15% from Velocity + 35% boost from ANZ) with ANZ Travel Adventure Card.
    - daft009 on 01/05/2023 - 05:56
      
      I miss those days
      - T-man on 01/05/2023 - 08:23
        
        @daft009: I missed ANZ Amex card the most, the first and only Amex card without fx fee and earned 1.5 pts / $1 spend 😪
- Bowchkawowow on 30/04/2023 - 20:21
  
  +2
  
  Oh so I should wait for citi to do the 25% any idea when the normally do it?
Xizor on 30/04/2023 - 17:16

Legend, thanks OP! I've been holding onto my Citi Prestige points for over 6 months waiting for this…. come on spinner!!!
SmiTTy on 30/04/2023 - 17:17

I did an email the other day from citi saying something was about to pop up… Good to hear it's sooner rather than later!
[Deactivated] on 30/04/2023 - 17:23

Is this Flybuys too? Woolworths rewards?
- ol mate on 01/05/2023 - 09:48
  
  +2
  
  Looks like Flybuys is a no, again.
  
  Woolworths rewards is associated with QFF so won't appear on a Velocity promo :(
  - [Deactivated] on 01/05/2023 - 11:08
    
    Thank you!
    
    I had no idea, at least I know what to wait for now for both programs.
    
    Appreciate it
- ldt on 01/05/2023 - 12:48
  
  Sadly not. I’ve been waiting for a flybuys deal to transfer over my points for a while now.
- hagglerforever on 08/05/2023 - 07:13
  
  Won't happen again for Flybuys to Velocity. A couple years ago they improved the conversion rate from 2000 flybuys for 870 Velocity to a 2:1 rate. This is effectively a 19% automatic boost
Subrising on 30/04/2023 - 17:41

Worth transferring to Velocity or KrisFlyer from Citi points?
- adappergeek on 30/04/2023 - 17:56
  
  Would probably transfer to Velocity get the extra 15% and then to Krisflyer IF the Citi:Krisflyer is NOT 1:1.
  - Subrising on 30/04/2023 - 18:20
    
    It’s an odd one to calculate as it’s 2.5:1 for KrisFlyer and 2:1 for Velocity but it’s also 1.55;1 when converting Velocity to KrisFlyer
    - evgpek on 30/04/2023 - 18:39
      
      -3
      
      With 15% bonus converting city to velocity first would give you 2.45:1 krisflyer conversion, slightly better than 2.5
      
      Amex -> Bonus Velocity -> Krisflyer conversion would cost you 2.82 per point instead of normal 2 point for direct transfer, ie not worth it
      - Subrising on 30/04/2023 - 19:51
        
        +5
        
        @evgpek: Is that how it works? Let's say I have 300000 Citi points and I convert to Velocity I get 150000 + bonus 22500 so 172500 total.
        
        And if I convert 172500 Velocity to KrisFlyer at a 1.55:1 that means I'd get 111290 KrisFlyer points instead of the 120000 for straight Citi to KrisFlyer conversion.
        
        Am I doing the math wrong?
        
        akula on 30/04/2023 - 20:24
        
        @Subrising: Good one. Want to know too.
        
        Autonomic on 30/04/2023 - 20:38
        
        +2
        
        @Subrising: No it's not. You need a 25% citi->velocity transfer bonus to break even for converting to KF.
        
        erd on 02/05/2023 - 11:07
        
        @Subrising: Correct, transferring direct gets you 0.4 krisflyer miles vs transferring via valocity with this promo gets you 0.37096 miles per citi point.
        
        However, if you need to transfer out citi now (looking at closing card etc) and want somewhere you can park points with no expiry, it might be worth it to transfer to velocity with this promo (as krisflyer miles expire)
- SmiTTy on 30/04/2023 - 20:09
  
  +1
  
  If you want to fly SIA it'll always be better converting to KF because of better availability of seats. But KF points expire so as long as you redeem them within that time period it's fine. Keep in mind also if you're looking for biz class flights to SIN for example, you're likely going to need to book like 12 months in advance or close to.
  
  So short answer is it depends where u want to fly. If you're not intending to fly soon then maybe parking them in velocity is a valid option and converting later when you need to (or just keep them in your cc account)
  - Autonomic on 30/04/2023 - 20:38
    
    If you're booking in advance SQ seems to have better availability. If you're booking near term (month out or so) it seems VA has availability that doesn't appear on SQ.
  - Capitalshark on 01/05/2023 - 11:51
    
    I’m in Europe as we speak, booked via VA on Sing business a year ago and had no dramas , you just have to be organised and hunt them as they drop
    - beesider on 03/05/2023 - 20:55
      
      How do you track when they "drop"?
Gordon88 on 30/04/2023 - 18:08

Probably a bit off topic but has anyone transferred Velocity points from one account to another? If so, could anyone tell me how it works? Thanks
- zdb97 on 30/04/2023 - 19:00
  
  +1
  
  You can do family pool, 2x adults and 4x children into 1 account. As far as I am aware no transfer for velocity.
  - Howdydoo on 30/04/2023 - 19:09
    
    +4
    
    You can transfer velocity points to someone else (family member) - you will see the option on one of the tabs on your account. It is instant.
- Poor Ass on 01/05/2023 - 08:28
  
  +1
  
  Yes minimum 5000 transfer for one off
  
  Or you can setup family pool which it will auto transfer every point to the other account automatically
  
  You need do this on a desktop site
randombrick on 30/04/2023 - 19:26

Are participating partners only the ones listed on the landing page? So no bonus if I transfer from KrisFlyer to Velocity. Have some KrisFlyer points (which expire soon) and I am not much of a points user. So would rather transfer to Velocity and leave it there.
- daft009 on 30/04/2023 - 19:40
  
  It's /1.55 for KF to velocity unfortunately.
  Better than them expiring.
  No bonuses
winteroce on 01/05/2023 - 00:11

+3

Looks like Citi is only 15%.. what a shame
digitalane on 01/05/2023 - 01:18

15 for everyone except Ascent Premium 20%
prolo on 01/05/2023 - 06:51

Nothing for flybuys. That's a shame.
- daanish on 01/05/2023 - 08:12
  
  I don't think Flybuys have had an enhanced redemption in a couple of years now.
ocam on 01/05/2023 - 08:17

+1

Hmmm I might hold out until Citi and ANZ are 20%+
Poor Ass on 01/05/2023 - 08:44

It's probably been years since the last one and velocity rewards might have changed management but wish one day, the

XX% Bonus Points When Converting from Flybuys to Velocity would come back
- ldt on 01/05/2023 - 12:50
  
  It’ll absolutely be back at some point. They’re still partners.
  - Poor Ass on 01/05/2023 - 14:55
    
    I hope so buddy
bellroy26 on 01/05/2023 - 09:03

+2

What a shame this was not as good as last year's, was holding out to convert Citi points from the Prestige welcome bonus.
- ol mate on 01/05/2023 - 09:46
  
  I was also hoping for 20 or 25% from Citi Prestige, but might bite the bullet and transfer now as my annual fee is due late October and might miss the next regular bonus round (2022 - Oct, 2020 and 2021 - Nov) and I don't think I want to pay the $700 annual fee.
  - hawkeye93 on 01/05/2023 - 09:52
    
    +1
    
    May be worth it as you can still get 20k points per month with that Citi Payall. So 96k KF miles annually, with other perks like Priority pass, 1 luxury transfer (up to $100), etc.
    - Autonomic on 01/05/2023 - 12:05
      
      +2
      
      Plus the interest on 20k would cover most of the annual fee.
      - b0b0 on 01/05/2023 - 17:17
        
        @Autonomic: He's saying his annual fee is due late October. This is also the time when the fee free PayAll promotion expires, there is not much incentive to keep transferring $20k every month with the usual 2% fee..
        
        JR63 on 01/05/2023 - 17:38
        
        +4
        
        @b0b0: Supposedly if you set any future transfers (after October) before the October cut off, those transfers remain fee free.
        
        b0b0 on 02/05/2023 - 01:18
        
        @JR63: :O !!!!!!!! Wait what ?
        
        I just tried doing it, the app keeps giving me the error message that I am over the limit for that category I selected.
        
        JR63 on 02/05/2023 - 05:56
        
        +1
        
        @b0b0: Had you recently (within the same 24 hours or so) deleted a scheduled transfer? If so, you need to wait 24 hours after you deleted it.
Borgasm on 01/05/2023 - 10:16

+1

Wow that was easy, transferred from ANZ Rewards and received the Velocity Points including bonus instantly
n0mad on 01/05/2023 - 11:34

will just transfer to Kris, been able to score at a rewards flight for the family late Jan (BKK-Syd) 2 years in a row now.
daanish on 01/05/2023 - 11:44

Has anyone been able to get through to the IHG call centre on the (02) 9935 8362 number?

Every time I call it seems to hang up in about 10 seconds as soon as the hold music ends.
Craze on 01/05/2023 - 13:33

Have some points with HSBC but did they remove SQ as a partner? Only velocity available so might bite the bullet and transfer to Velocity first for 15% bonus then transfer to KF
Autonomic on 01/05/2023 - 14:28

+1

Anyone transferred Citi to Velocity recently? Curious how long it takes to transfer.
- Xizor on 01/05/2023 - 14:49
  
  Waiting game it seems. The email say "up top 28 days".
  - Autonomic on 01/05/2023 - 14:57
    
    +1
    
    Hope not!
    - Xizor on 01/05/2023 - 15:23
      
      IKR. I only did a smaller test transfer. .
- JHoliday on 01/05/2023 - 15:05
  
  If anyone has transferred form Citi please let us know how long it took and confirm if you received the 15% bonus
  
  With the recent Commbank 15% bonus offer it was instant
- ol mate on 01/05/2023 - 15:22
  
  Last time I transferred from Citi to Velocity in March it took 2 days. YMMV.
  - Autonomic on 01/05/2023 - 16:25
    
    Thanks
- bellroy26 on 02/05/2023 - 08:29
  
  I transferred some last week, and it took overnight to process. ymmv
- daanish on 02/05/2023 - 09:50
  
  +2
  
  I did a transfer yesterday morning and points plus the bonus have landed in my account already. Took less than 24 hours.
  - ol mate on 02/05/2023 - 11:26
    
    Can confirm - same thing for me.
    
    The date in velocity activity is 30 April, but still got the transfer bonus anyway
    - Xizor on 02/05/2023 - 17:25
      
      +1
      
      I transferred 10K Citi yesterday 01/05. Nothing as of this morning but it showed up sometime later today, however shows as "30 April" and only 5K Velocity points. No sign of bonus points in that transfer or any separate line item. Chatting to Velocity support is about as useful as asking my dog just saying "will be credited within the promotion period".
      - beesider on 17/05/2023 - 13:45
        
        @Xizor: Still no sign of bonus points?
        
        JHoliday on 17/05/2023 - 13:57
        
        @beesider: Nope and I lodged a complaint with Citi couple of weeks ago as well as the escalation email on their website and still haven’t heard a thing
        
        JHoliday on 22/05/2023 - 16:52
        
        @JHoliday: Finally they have responded to my complaint and said they have been following up with the Rewards Team but haven’t been able to get it resolved and have asked to wait to Friday for a further update.
Tay92 on 01/05/2023 - 14:58

20% bonus points if you hold an American Express Platinum card. I just transferred my points over to Velocity and took less than an hour to get credited (including bonus points).
jb44 on 02/05/2023 - 00:11

I have 150K … Is it worth transferring all of it now? Also, Is this transfer only good if I were to book flight tickets?

New to the points game! TIA
- Xizor on 02/05/2023 - 17:20
  
  Yes and yes. If that is not of interest better to redeem with Citi for something else.
nadan on 02/05/2023 - 12:24

I thought I would transfer to Krisflyer and transfer to Velocity if I don't use them before the expiry, however this sucks. You lose more than half of your points.

For every 1.55 KrisFlyer miles you transfer, you will receive 1 Velocity Point. When transferring from Velocity Frequent Flyer to KrisFlyer, the conversion rate will also be at a rate of 1.55 Velocity points to 1 KrisFlyer mile.
R3XNebular on 02/05/2023 - 16:52

Hopefully there's a deal for flybuys.. got a fair amount sitting in flybuys but the last deal for 15% extra was 3 years ago…
Xizor on 02/05/2023 - 21:54

+1

Transferred some citi points yesterday. Got velocity today, but no sign of any bonus points?
- JHoliday on 03/05/2023 - 08:27
  
  +1
  
  Same here. I transferred 5000 Citi points yesterday and got the 2000 Velocity points today, but no sign of the bonus points :(
  - Xizor on 03/05/2023 - 08:31
    
    Misery likes company. Hopefully it shows up soon.
    - JHoliday on 03/05/2023 - 08:45
      
      Will try email their support at [email protected] , although not sure if I should be contacting Citi instead?
      - Xizor on 03/05/2023 - 10:26
        
        @JHoliday: I contacted velocity. All they would say is it will be issued sometime during the promotion period. Maybe you'll reach someone more insightful. :)
        
        JHoliday on 03/05/2023 - 10:34
        
        +1
        
        @Xizor: I've emailed Citi first instead of Velocity at [email protected] , so will see if anything comes of it.
        
        Xizor on 05/05/2023 - 08:16
        
        @JHoliday: I have done two transfers now from Citi Prestige at 2:1 receiving 5,000 and 10,000 Velocity points. No bonus points still anywhere in sight after several days. What on earth is going on…
        
        JHoliday on 05/05/2023 - 09:18
        
        @Xizor: Still no reply to my email from Citi, there is a complaints email I think we can try
        
        https://www1.citibank.com.au/our-complaints-process
        
        Xizor on 05/05/2023 - 09:20
        
        @JHoliday: Mate, check your email. I just noticed what i received from Velocity on Monday says i need to "opt in" to either:
        
        Option 1:
        Receive 17% bonus Points used on a flight booking back to your Velocity account*
        or
        Option 2:
        Receive an extra 15% bonus Points to the amount you transfer*
        
        Then selecting Option 2, my bank, Citi is NOT listed!!!!!
        Its only BankSA, Bank Melb, CBA, HSBC, NAB, StGeorge, Wespac.
        
        Wtf
        
        EDIT 1: Just checked the email my partner received and its different to mine and this post! She has more banks listed than me, but still not Citi.
        
        EDIT 2: Yet in OP landing page FAQ it says "
        While we have sent this offer to a select group of members (those who have subscribed to ‘Other Partner Offers’), the transfer offer is open to all existing and new Velocity members." This totally contradicts the email (and page it directs to) i received that clearly lists only a subset of banks.
        
        ol mate on 05/05/2023 - 09:55
        
        @Xizor: I did some digging around on AFF and a Velocity FB group.
        
        Looks like people who hold direct earn cards (e.g. Amex Velocity) had to opt in and choose whether they wanted option 1 or option 2.
        
        Xizor on 05/05/2023 - 09:59
        
        @ol mate: @ol mate I have Citi Prestige. It earns Citi Points. Citi was not listed on the email i received. My partner received a totally different email to me as well but still no Citi. This is a shocking confusing campaign these people have run. It's all contradictory.
        
        ol mate on 05/05/2023 - 10:01
        
        @Xizor: I haven't seen or received said email (as I don't, and never have, held a direct-earn card), but the T&Cs on the velocity website doesn't say Citi is opt in. Do the T&Cs in the email say that the list is exhaustive?
        
        Citi Rewards Terms & Conditions
        National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Citi branded credit cards. NAB has acquired the business relating to these products from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to provide transitional services. Our/us/we means NAB unless the context otherwise requires it. “Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities. To redeem Citi reward Points for Velocity Points you must be a Velocity member and advise Citi of your Velocity number prior to redemption. Velocity membership is subject to the Velocity membership Terms and Conditions, as amended from time to time, available at velocityfrequentflyer.com. You can manually redeem a minimum of 2,000 Citi reward Points at a time. Visit www.citirewards.com to manually redeem Citi reward Points for Velocity Points. The redemption of Citi reward Points will be administered solely by NAB on behalf of Citi and are subject to the Terms and Conditions of the Citi Rewards Program. Velocity Points may take up to 28 days to appear in your Velocity account. Once Citi reward Points have been redeemed for Velocity Points, they are governed by the Velocity Terms and Conditions and cannot be changed cancelled or reversed.
        
        The email I got was this:
        
        ol mate, transfer to earn a minimum 15% bonus*
        
        Transfer your credit card and hotel reward points from these 20 participating partners to Velocity. When you do, you’ll receive a minimum 15% bonus into your Velocity account. Minimum points transfer, exclusions and T&Cs apply.*
        
        Your next holiday on Points could be just a transfer away! Jump on board now, this offer ends Wednesday 31 May 2023.
        
        Xizor on 05/05/2023 - 10:08
        
        @ol mate: My email does not say that.
        
        Terms in my email are:
        
        *Bonus Offers
        To be eligible to receive the choice of receiving 17% of Points back used on a Flight Redemption ('Option 1') or 15% bonus Velocity Points ('Option 2'’) (each a 'Bonus Offer'), you must (a) be a Velocity Frequent Flyer member, (b) make your selection of the Bonus Offer by visiting here between 12:01am (AEST) 1 May 2023 and 11:59pm (AEST) 31 May 2023 ('Offer Period') (prior to transferring points) and receive a confirmation email to the nominated email address in your Velocity Frequent Flyer account, (c) after receipt of the confirmation email, successfully transfer reward points from participating partners to Velocity (minimum points transfer may apply). “Participating Partners” are: Westpac Altitude Rewards, NAB Rewards, HSBC (Platinum and Premier credit card holders), St.George Amplify Rewards, BankSA Amplify Rewards, Bank of Melbourne Amplify Rewards, CommBank Awards. Westpac Altitude Rewards, NAB Rewards, St.George Amplify Rewards, BankSA Amplify Rewards and Bank of Melbourne Amplify Rewards points transferred to Velocity via auto-redemption or auto-sweep programs are not eligible to receive the Bonus Offers. You are unable to change any Bonus Offer once selected and you will only be able to receive one Bonus Offer during this promotion. The choice of Option 1 or Option 2 is offered by Velocity Frequent Flyer and is separate to bonus points or other eligible offers from the Participating Partners. The choice of Bonus Offers is offered to the primary cardholder once. Bonus Offer selection must be made prior to any transferring of points, which can be done by visiting here. Each Bonus Offer is subject to further terms and conditions as follows:
        
        Xizor on 05/05/2023 - 10:28
        
        @ol mate: @ol mate
        I have raised a case with Velocity and am on the phone with them now. Gone through 2 escalations to 3 people in Phills, they didnt even know of campaign. They asked i send email of the velocity webpage of promotion (i sent the generic campaign landing page this thread links to) and sent screenshots of FAQ saying its "open to everyone" and not receiving bonus points. They have me on hold… clearly the email i received though specifically does not list Citibank and contradicts the generic campaign page.
        
        EDIT 10:45AM: Velocity support have no idea. They want me to wait another 72hrs as their support material say it may take that long, despite my first transaction was on May 1 (yet somehow shows as April 30 in Velocity). They almost a confused as i am i think. Strongly urge anyone with Citi make sure you check that Citi is listed in the email you received and do any Opt in requested otherwise you may end in same boat as me.
        
        The email i received does not list Citi Bank and i am not receiving bonus points. Seems targeted to me but agree it contradicts the generic campaign page.

This was posted 11 months 28 days ago, and might be an out-dated deal.

15% Bonus Velocity Points (20% for Some AmEx Cards) When You Transfer Your Reward Points from Participating Partners @ Velocity

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