Velocity Frequent Flyer and Ola to part ways

Soon, your rideshare trips will be less rewarding with Ola and Velocity Frequent Flyer pulling the pin on their partnership on 28 May 2023. From that date, you’ll no longer be able to earn Velocity Points on Ola rides.

But until that date, Velocity members can still continue to earn 1 point per dollar on most rides, and 2 points per dollar on airport rides. Silver, Gold and Platinum Velocity members can earn 3 to 4 points per dollar, instead. If you’re new to Ola, you can also still earn 1,000 bonus Velocity Points on your first ride.

Velocity Frequent Flyer hasn’t yet revealed whether a partnership with another rideshare app, such as Didi, is in the works. Velocity has partnerships with car-sharing service, Flexicar, as well as car hire companies Europcar, Hertz, Thrifty, Dollar and Sixt.

That leaves Qantas and Uber as the sole remaining rideshare frequent flyer partnership in Australia. However, the ability to earn Qantas Points on Uber is restricted to airport rides. Once Velocity and Ola split up, there’ll be no way to earn bonus frequent flyer points on day-to-day trips anymore.

In South East Asia, competitor Grab has a firm hold on the rideshare market. Members can earn GrabRewards points on rides and food delivery, and later convert them to programs such as Singapore Airlines KrisFlyer.