Velocity have significantly increased the number of points that you cam buy through the Velocity Points Booster program.
Under the increased offer, you can purchase up to 250,000 Velocity Points, an unlimited number of times. This is quite a step up from the previous maximum of 50,000 Velocity Points twice per year.
in addition, Velocity used to limit you to 50% of your current points balance. This limit has also been removed, and they now say you can buy as many points as you like, as long as you have points in your account.
Velocity Points Booster
If you’re a little short on Velocity Points for an Virgin Australia or partner award you are now able to buy the points online. While the ability to buy top up points is not new, Velocity have made some changes to the process of buying them.
When buying points, you do so online, with the points being processed by Points.com. This means you can easily buy top up points at any time of day, as long as you are online. You can purchase over the phone, however, this will incur a service charge.
Buying Velocity Points
Velocity have moved to selling the points online, and is now done through Points.com. Points.com run the points sales process for a number of other loyalty programs.
You can purchase points in blocks of 500 points, up to a maximum of 250,000 points (which will cost you $5,850. At the top end, that means you will be paying 2.34 cents per point. Note that they are processed by Points.com, so there may be additional international transaction fees charged by your credit card provider.
Thoughts
In most cases, you will likely be buying boosters if you had your eye an award. I would suggest that you ensure that the award is indeed available before buying any points.
The points are no cheaper than they were before. You should probably consider other ways of gaining any shortfall in points first. However, as a back up option, if all else fails, it is there if you need it. It would be difficult to suggest buying points on a speculative basis.
Qantas have a similar top up offer, which I have previously compared side by side with the Velocity program.