Is your Velocity Points balance in need of a top-up? Velocity usually runs a twice-yearly points transfer promotion with most bank partners in May and November. Like clockwork, the November 2024 offer is live, although it’s not quite as lucrative as before.

Here’s what you need to know.

Velocity November 2024 | 10% transfer offer

Expiry: Transfer in both November and December 2024

Simply transfer participating bank reward points to Velocity twice: once in November 2024 and once in December 2024. After the promotion ends, you’ll earn a 10% bonus on the total sum transferred.

Participating partners include:

  • American Express Card Members (Membership Rewards program only, excludes NZ and direct earn)
  • ANZ Rewards
  • ANZ Business Rewards
  • Bank of Queensland Q Rewards (Platinum credit card holders only)
  • BankSA Amplify Rewards
  • Bank of Melbourne Amplify Rewards
  • Card Services Rewards
  • Citi Rewards
  • CommBank Awards
  • HSBC (Platinum and Premier card holders)
  • NAB Rewards
  • St.George Amplify Rewards
  • Suncorp Credit Card Rewards (Platinum and Business credit card holders only)
  • Westpac Altitude Reward

There’s no upper limit to how often you transfer during the two months, as long as you make at least one manual transfer in November and December. Transfers can be from different partners. However, auto-transfers and direct-earn cards are excluded.

See the offer

Velocity & Flybuys | 5-15% transfer offer

Expiry: Transfer by 24 November 2024

Velocity is offering a one-time bonus of 5% or 15% extra points when you transfer from Flybuys.

  • Get a 5% bonus on your first manual transfer during the offer period
  • Get a 15% bonus on your first-ever auto transfer if you’ve never done it before

This offer is as good as it gets with Flybuys. If you’re planning to do this transfer, it’s best to wait until the end of the promotion period (24 November 2024) to maximise the number of Flybuys points you transfer over. Remember, the bonus only applies to your first transfer.

See the T&Cs:

*Bonus Velocity Points offer Terms and Conditions 

Between 12:00am AEDT Mon 4 November 2024 and 11:59pm AEDT Sun 24 November 2024 (Promotion Period), Flybuys members who have linked their Velocity Frequent Flyer membership to their Flybuys account and make an eligible transfer of Flybuys points to Velocity during the Promotion Period will earn bonus Velocity Points based on transfer preference:

  • 5% bonus Velocity Points on the value of Velocity Points received on your next manual transfer when you transfer a minimum of 1,000 Flybuys points to Velocity; or
  • 15% bonus Velocity Points on the value of Velocity Points received on your first ever Auto Transfer when you transfer a minimum of 1,000 Flybuys points to Velocity. To be eligible, you must turn on Auto Transfer during the Promotion Period and the Auto Transfer must be your first ever Auto transfer.

Each Flybuys member is eligible for one allocation of bonus Velocity Points which will be calculated on the first eligible transfer that the member successfully completes during the Promotion Period. Bonus Velocity Points will be awarded to the member’s Velocity Frequent Flyer account within 4 weeks from the end of the Promotion Period. Bonus Velocity Points offer cannot be used in conjunction with any other offer. Flybuys’ privacy policy applies. Standard Flybuys terms and conditions apply and are available at flybuys.com.au.

Velocity membership Terms and Conditions apply.

Manual transfer to receive 5% bonus Velocity Points 
If you choose to make a manual transfer as your next transfer within the Promotion Period, you will receive 5% bonus Velocity Points on the base number of Velocity Points you receive on your first manual transfer from Flybuys to Velocity during the Promotion Period. A maximum of 10,000 bonus Velocity Points for completing a manual transfer will be awarded per member during the Promotion Period.

Auto Transfer to receive 15% bonus Velocity Points
If you choose to turn on Auto Transfer and complete an Auto Transfer as your first ever transfer during the Promotion Period, you will receive 15% bonus Velocity Points on the base number of Velocity Points you receive on your first Auto Transfer from Flybuys to Velocity during the Promotion Period. A maximum of 30,000 bonus Velocity Points for completing your first Auto Transfer will be awarded per member during the Promotion Period. This offer is not available to members who have already completed an Auto Transfer prior to the Promotion Period

If you’ve linked your Velocity Frequent Flyer membership to your Flybuys household account, you can choose to manually transfer a minimum of 1,000 Flybuys points at a time to receive 500 Velocity Points per 1,000 Flybuys points transferred to Velocity. Or, you can turn on Auto Transfer and if you choose to do this, your entire existing Flybuys points balance (to the highest multiple of 1,000 Flybuys points) will be automatically transferred to your linked Velocity account, and every 1,000 Flybuys points you subsequently collect will be automatically transferred into 500 Velocity Points. Only one Velocity membership can be linked to a Flybuys household at any one time. You can de-link or manage your linked accounts at any time at partners.flybuys.com.au/velocity-frequent-flyer/. Visit flybuys.com.au/transfer to manually transfer your Flybuys points. Alternatively, to turn on Auto Transfer, visit partners.flybuys.com.au/velocity-frequent-flyer/ and sign in to your Flybuys account then turn your Auto Transfer preference to ‘On’. This selection will apply to all members under that specific Flybuys household account. You can turn your Auto Transfer preference to ‘Off’ at any time and will still be able to manually transfer your Flybuys points to Velocity.

Please allow up to 48 hours for Velocity Points to be credited to your linked Velocity account and for your Flybuys points balance to be updated. Once Flybuys points have been redeemed for Velocity Points they can’t be returned to your Flybuys account. Standard Flybuys Terms and Conditions apply to the collection of Flybuys points. Velocity membership Terms and Conditions apply.

Velocity membership Terms and Conditions apply.

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Why should I use a Velocity transfer promotion?

We’re big fans of transfer promotions from flexible reward programs to Velocity Frequent Flyer, particularly when the offer is 15% more points (or higher), and you have a specific flight goal in mind.

But in general, unless you have a specific goal, our suggestion is to preserve the flexibility of your points. Just because there’s an offer running doesn’t mean you have to transfer them. This is especially true right now as the current offer is less than the last few offers.

If you’re holding American Express Membership Rewards points and want KrisFlyer miles, transferring to Velocity with the bonus gives you slightly more miles now.

  • 30,000 MR points = 10,000 KrisFlyer miles with a direct conversion.
  • 30,000 MR points = 16,500 Velocity Points (inc. 10% bonus) = 10,645 KrisFlyer miles
Virgin Australia Business Class Cabin
Why not upgrade to Business Class using Velocity Points for your trip?

Also, keep in mind Velocity Frequent Flyer is revamping its programs and the points cost needed for most rewards will increase in January 2025. If you plan to make redemptions before the prices go up, you may want to take advantage of this bonus transfer deal.

Offer history

Keen to know how Velocity has run this offer in the past so you can decide if you should take advantage of it now? Here’s the offer history since 2023.

  • November 2024: 10% bonus for most bank rewards (2-month offer) | 5-15% for Flybuys
  • August 2024: 10-15% bonus for Amex
  • May 2024: 15-20% bonus for most bank rewards (2-month offer)
  • March 2024: 10-15% bonus for American Express Membership Rewards and CommBank Awards.
  • November 2023: 20% bonus for most programs (3-month offer).
  • August 2023: 10-20% for Amex Member Month.
  • May 2023: 15-20% bonus for most programs.
  • March 2023: 15% bonus for CommBank Awards members only.
  • February 2023: 15-20% bonus for Amex Membership Rewards only.

Offer history before 2023:

  • October 2022: 15-25% bonus for most programs.

  • August 2022: 25% bonus for American Express Membership Rewards.

  • May 2022: 5-30% bonus for most programs.

  • February 2022: 15-20% bonus for Amex Membership Rewards only.

  • November 2021: 20-30% bonus for bank programs.

  • May 2021: 15-30% bonus for most bank programs.

  • November 2020: 15-40% bonus + 50 bonus Status Credits for most bank and hotel rewards programs, plus 15% bonus for Flybuys.

  • September 2020: 20% bonus for most bank and hotel reward programs.

  • July 2020: 15-20% bonus for Flybuys.

  • February 2020: 15% bonus for most Amex Card Members; 20% bonus + status upgrade for Platinum and Centurion Card Members; 15-20% bonus for Flybuys [targeted].

Summing up

These Velocity promotions are usually a great deal if you have a stash of credit card or hotel program points you want to transfer over to Velocity. However, the current offer is less than the 15-20% we’ve previously seen.

Don’t forget, along with Virgin Australia, you can also use Velocity Points on airline partners such as Etihad, Singapore Airlines, Air Canada and more.

Additional reporting by Chris Chamberlin. This content contains affiliate links from which Point Hacks may earn commissions from transactions generated from new customers, bookings and general enquiries. Find out more here.

Transfer your points to Velocity for up to 15% bonus was last modified: November 4th, 2024 by Brandon Loo