Velocity is offering a bonus of up to 40% extra points when you buy points through the Points Booster program. This could bring the cost of points down to 1.67 cents apiece. However, to get this price you will need to buy a rather large number of points.
The current promotion runs through to 15 July 2022.
The bonus is offered under a tiered structure. As such, the number of bonus points you receive increases with the number of points you purchase. The scale is as follows:
- 1,000 – 9,000 Points: 10% bonus Points
- 10,000 – 24,000 Points: 20% bonus Points
- 25,000 – 90,000 Points: 30% bonus Points
- 100,000 Points or above: 40% bonus Points
1.67 cents per point is not exactly what you would call cheap. That is to say that it may not be worth buying points for a rainy day. However, if you a short a few points from an Award, it may get you across the line.
Buying Velocity Points
On the Velocity website, the first trick is to find where to buy points. After you have logged in, head to My Velocity, then scroll down to the Flying section, where you will find a link to Boost Your Points Balance.
From there, you will be taken across to the Velocity Points.Com landing page, where you will be asked how many points you wish to buy. You can choose a minimum of 500 Velocity Points and a maximum of 250,000 Velocity Points.
If you are buying between 500 and 5,000 Velocity Points, you can purchase in blocks of 500 points. From 5,000 Points you can buy in blocks of 1,000 points up to 50,000 points. Once you pass 50,000 Velocity Points, you can then purchase in increments of 10,000 points.
You will then be asked for your credit card details You can pay by Visa, Mastercard, American Express or Diners Club cards.
One thing to watch for here is that Points.Com processes the payment outside Australia. Depending on your card, this could add an additional fee.
Does it make sense?
In most cases, purchasing points this way is probably not a great deal. It may make sense if you are just a little short on points for some reward – in which case it may be worthwhile. The points are usually added to your account quickly. This makes them a good option if you need some points at short notice.