It’s November, and right on time, Velocity Frequent Flyer has launched a new points transfer offer. While the bonus is a fairly solid 20%, there is a wrinkle in the latest version of the offer that you will need to pay attention to.
That little ‘gotcha’ is that to get the bonus you may to make a transfer at least once a month for three months. That’s right, a transfer may be needed in November, December and January.
Velocity Transfer bonus details
There are two ways that you can set yourself up to get that 20% bonus. Firstly, you can set up a monthly automatic transfer. Secondly, you can make those three transfers manually.
As usual, cards that automatically earn Velocity Points are not eligible for this promotion.
You can set-up Auto-Transfer from six partner programs. They are:
- ANZ Rewards
- ANZ Business Rewards
- Bank of Melbourne
- St George
In order to take advantage of the offer, you will need to turn on ‘Auto Transfer’ at any time between 1 November 2023 and 31 January 2024. Once that is done, the reward points in these programs will be automatically sent to your Velocity Frequent Flyer account each month. You will then receive a 20% Velocity Points bonus on all converted points during that period.
If you don’t want to set up an auto-transfer, you can still make manual transfers from a participating program. There are 15 programs participating in this offer.
Velocity members can earn 20% bonus Velocity Points when they manually transfer points from one of the partners. However, you will need to make sure that you make at least 3 manual transfers. These have to occur once each calendar month, for three consecutive months, being November, December and January.
The participating partners are:
- American Express Membership Rewards program
- ANZ Rewards and Business Rewards
- Westpac Altitude Rewards
- NAB Rewards
- Citi Rewards
- HSBC (Platinum and Premier credit card holders)
- Diners Club Rewards
- Card Services Rewards
- Suncorp Credit Card Rewards (Platinum and Business credit card holders only)
- BOQ Q Rewards (Platinum credit card holders only)
- St.George Amplify Rewards
- BankSA Amplify Rewards
- Bank of Melbourne Amplify Rewards
- CommBank Awards.
For further information on the terms and conditions (including exclusions and minimum transfer rates) head to the the promotion page.