15-20% Bonus Velocity Points On Amex Transfers

Boost your balance with the latest Velocity transfer bonus offer

Tom Goward16 Feb 2026

Velocity Frequent Flyer has dropped another of its regular transfer bonus promotions, this time offering up to 20% bonus points for American Express cardholders. This is a good opportunity to extract better value from your flexible rewards points, especially if your Velocity balance is looking a little tired, or you have a specific flight redemption in mind.

15-20% Bonus Velocity Points On American Express Transfers

For a limited time, you can earn up to 20% bonus Velocity Points when you transfer American Express Membership Rewards Points to Velocity. There is no need to activate this offer, simply transfer at least 2,000 American Express MR points to Velocity in a single transaction between 16 February and 11:59pm (AEST) 2 March 2026.

You’ll earn a bonus as follows:

15% bonus for Amex Essential Rewards, Platinum Edge, Explorer, Business Explorer and Business Gold Plus cardholders.
20% bonus for Amex Platinum, Platinum Business and Centurion cardholders.

Before making your transfer, here are a few things to note:

This offer is not available for American Express New Zealand cardholders.
Bonus is calculated on the number of base Velocity Points received during the promotion.
You can earn a bonus on multiple transfers throughout the promotion.
Bonus Velocity Points may take up to 6 weeks to land in your account.

How To Earn Velocity Points Directly?

Unlock a complimentary Virgin Australia return domestic flight, lounge access at selected domestic airports whenever you fly Virgin Australia, and 100,000 bonus points* with Amex Velocity Platinum! Read our review or apply here.

^{*T&Cs apply. New American Express Card Members only.}

Should I Transfer My Points?

At Flight Hacks, we love Velocity Frequent Flyer’s regular transfer bonus promotions. These offers are a great way to maximise the value of your flexible bank reward points, especially if you have a specific flight redemption in mind.

We do still advise against transferring points to Velocity just because there is a bonus running, as this will wipe the flexibility of holding bank reward points. As soon as you make that transfer, you’re restricted to Velocity, as opposed to having the option to send bank rewards elsewhere when that Business Class Reward Seat pops up with another frequent flyer scheme.

That said, if the bonus is tempting enough, a speculative transfer could prove worthwhile.

Offer History – Velocity Transfer Bonus

Velocity's Transfer Bonus offers pop up very regularly, so it's useful to know what has previously been offered before taking advantage of the current deal. Below are some of the banking transfer bonus promotions Velocity has run over the last few years:

February 2023: 15-20% for Amex

November 2025: 15-20% for most bank rewards
August 2025: 15-20% for Amex
May 2025: 15% for hotel rewards
May 2025: 15% for most bank rewards
February 2025: 5% (manual) or 15% (first auto) for Flybuys
February 2025: 20% for Amex
February 2025: 20% for opting into auto-transfer partners

November 2024: 10% for most partners
November 2024: Bonus of 250 Velocity & 250 Flybuys (manual) or 500 Velocity & 500 Flybuys (first auto) for Flybuys
November 2024: 5% (manual) or 15% (first auto) for Flybuys
September 2024: 10-15% for Commbank
August 2024: 10-15% for Amex
June 2024: Bonus of 250 Velocity & 250 Flybuys (manual) or 500 Velocity & 500 Flybuys (first auto) for Flybuys
May 2024: 15-20% for bank rewards (transfer across 2-months)
May 2024: 5% (manual) or 15% (first auto) for Flybuys
March 2024: 10-15% bonus for Amex and CommBank