For the next two weeks American Express are offering a bonus of 15% – 20% when transferring points to Velocity.
In order to be eligible for the bonus, you need to transfer between 29 July and 12 August, 2019.
The bonus rate you receive is based on the Membership Rewards program you are enrolled in:
- For most cardholders, a 15% bonus is on offer.
- If you hold Platinum or Centurion card, you will get a 20% bonus when transferring from the Premium Ascent account.
- Offer: 15% – 20% bonus on transfers from Membership Rewards to Velocity
- Dates: Valid for transfers between 29 July and 12 August, 2019.
- Conditions: Transfers must be a minimum of 2,000 MR points
A 15% bonus is on par with most bonus offers over the last few years. Sometimes they are a little higher, but 15% is common.
American Express offer transfers to Velocity from a range of their various Membership Rewards programs. These include the Ascent, Gateway, Premium Ascent, Business Ascent and David Jones Membership Rewards programs.
When you transfer to Velocity, you are normally offered a rate of 2 Membership Rewards Points to 1 Velocity Point. For example, if you transfer 2,000 Membership Rewards Points, you will receive 1,000 Velocity Points. Under the bonus offer, you will get an extra 150 (or 200) Velocity Points.
The Terms and Conditions of the transfer offer are:
Terms and Conditions
To transfer Membership Rewards points for Velocity Points you must be enrolled in Membership Rewards Ascent, Gateway, Premium Ascent, Business Ascent or David Jones Membership Rewards program and be a member of Velocity Frequent Flyer.
To receive 15% bonus Velocity Points you must transfer Membership Rewards points from the American Express Membership Rewards Program to Velocity into Velocity Points (Transferred Velocity Points) between 12:01am AEST on 29 July 2019 and 11:59pm AEST on 12 August 2019 (Promotion Period). If you are a Platinum or Centurion Card Member, you will receive 20% bonus Velocity Points.