ANZ Rewards cardholders are again getting an extra win out of the Velocity 15% transfer bonus promo this month, with ANZ increasing the offer by tipping in an extra 15% bonus for making a transfer from ANZ Rewards or ANZ Business Rewards.
Unlike November 2016’s promotion but similar to the one in May of this year, this offer doesn’t require you to opt-in to auto-redemption, which is a great win. You can transfer over from 3,000 points for personal accounts or 2,250 for business accounts if that’s all you need. Auto-redemptions are also eligible for this bonus.
Eligible transfers must be made between 30 October and 30 November 2017.
Our full guide to ANZ Rewards is here, with the ANZ Rewards Black card the highest points earner in the range.
Other banks and flybuys are only running with a 15% bonus, so this is a great win for ANZ Rewards cardholders.
As a reminder, ANZ Rewards points usually transfer over to Velocity at 2 ANZ Rewards = 1 Velocity point.
Summing up
This is a good deal from ANZ Rewards, whether you are in the hunt for Velocity Points (or to transfer to KrisFlyer), and the bonus could be large enough, in my opinion, to consider moving points over to Velocity without a specific redemption in mind.
I was expecting the bonus offer to be advertised on the site and the calculation to factor it in. I don’t really want to transfer unless I am to receive the bonus.
Being cautious I called their 1300 Rewards number to clarify and they confirmed that the 30% would be applied and may take a month to show up on the Virgin side, which is enough assurance for me to proceed.
Thanks for the link though.
You could choose to save up your points and manually transfer during these promotions. You may want to check out the offer history here to make an informed decision.
As for the expiration of ANZ Rewards points, here is what I found on their FAQ site:
Do velocity points have an expiry? Is it worth just converting them across?
Just redemed 130,000 ANZ Reward points.
Cheers Keith
Transfered my points on the 3rd, base points and 15% bonus came in on the 5th, “Boster offer” which is how it’s referred on Velocity account posted today! Great stuff.
When I try to do it, it defaults to 2 ANZ points only?
Cheers,
About twelve months ago they ran a promotion where they also gave status credits – do you know if they do this regularly?