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Extended until 10 June: Velocity’s “record breaking” transfer offer

Velocity Frequent Flyer has extended its “best ever” transfer offer until 10 June, with up to 40% bonus points available on transfers from credit card and hotel partners, and flybuys – plus some credit card partners are offering additional boosters of 20-30%.

This is a good opportunity to boost your Velocity Points balance if you have a stash of points accumulating with one of the participating partners (note that this offer doesn’t apply to credit cards that automatically accrue Velocity Points).

Here’s how the promotion works.

For credit card transfers, Velocity is offering 15 – 40% bonus points, with the exact bonus size based on the amount of Velocity Points you receive following your partner’s usual transfer rate.

Here are the participating card partners, some of which are offering boosters in addition to the bonus points given by Velocity above:

  • Citibank Citi Rewards accounts – with a 20% booster offered by Citi
  • Diners Club Reward accounts – with an extra 20% booster
  • Bank of Queensland Q Rewards accounts (Platinum credit card holders only) – also with a 20% booster
  • Suncorp Bank Rewards accounts – also with a 20% booster
  • Card Services Rewards Accounts – also with a 20% booster
  • HSBC Rewards accounts (Platinum and Premier credit card holders only) – no booster
  • NAB Rewards accounts – no booster
  • Australian American Express Card Members, including David Jones American Express Card Members enrolled in the Membership Rewards program (this offer excludes American Express New Zealand Card Members) – no booster.

Velocity is also offering 20% bonus points for ANZ, flybuys and hotel partners. This includes:

  • ANZ Reward Accounts – with an added 30% booster from ANZ
  • ANZ Business Reward Accounts –  with an added 20% booster from ANZ
  • flybuys
  • Le Club AccorHotels
  • Choice Privileges
  • Hilton Honors
  • IHG Rewards Club
  • Shangri-La Golden Circle Awards
  • Starwood Preferred Guest.

The promotion now ends on 10 June 2018, which means that’s the last day to do a transfer. It usually takes a few days for the points to come across.

I’m a big fan of these kinds of offers, and we’ve been seeing Velocity offer 15%+ quite regularly.

If you want to get a card that earns a flexible points currency for the next time we see this kind of opportunity, my favourite is the Amex Explorer Credit Card: it has a very high points earn rate and lots of other valuable perks, and it’s my go-to card for everyday spend in Australia. Right now, you can pick up 50,000 bonus points.

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