Velocity Transfer Bonus: 15-20% Amex + Flybuys Bonus

Velocity Frequent Flyer regularly runs transfer bonus promotions, giving you more Velocity Points when you transfer from bank and retail partners. These offers are 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 reward flight in mind.

In the right situation, a well-timed Velocity transfer can help you reach a redemption sooner and reduce the number of points you’ll need to spend. That said, timing matters. The value of a transfer bonus promotion depends on how you plan to use your points and whether you’re ready to redeem in the near future.

Amex 15-20% Velocity Transfer Bonus (Ends November 2026)

From 1 to 30 November 2026, you can earn 15% or 20% bonus Velocity Points on transfers from American Express Membership Rewards.

You can earn the bonus on multiple transfers throughout the promotion period, with no need to activate. Weather you receive 15% or 20% bonus Velocity Points is determined by the tier of Amex card you hold.

20% bonus for Premium Ascent MR cards, including:

• Platinum
• Platinum Business
• Centurion

15% bonus for other MR cards, including:

• Explorer
• Business Explorer
• Essential Rewards
• Platinum Edge

Note that this offer excludes New Zealand Amex cardholders. The bonus Velocity Points are calculated based on the base number of Velocity Points received from a transfer.

Flybuys 1,000 Points Velocity Transfer Bonus (Ends January 2027)

From 11 November 2026 to 31 January 2027, Velocity Frequent Flyer and Flybuys are offering a tiny bonus when converting Flybuys Points to Velocity Points. This offer pops up regularly and is not that exciting, with a maximum of just 1,000 bonus points split across Flybuys and Velocity.

• Manual Transfer: 250 bonus Flybuys Points + 250 bonus Velocity Points
• Auto Transfer: 500 bonus Flybuys Points + 500 bonus Velocity Points

To receive the higher bonus, this must be your first ever Auto Transfer from Flybuys to Velocity. Unfortunately, there is no simple way to check if you have never used Auto Transfer before. Note that turning on Auto Transfer will move your entire current Flybuys balance to Velocity, along with future earned Flybuys Points. Therefore, you should only turn on Auto Transfer if you’re happy for all of your Flybuys Points to end up as Velocity Points.

The smaller manual transfer bonus is open to all members, regardless of whether you’ve manually transferred points before.

For both offers, your Flybuys and Velocity accounts must remain linked until the end of the promotion period to be eligible. Flybuys says that bonus points will be credited by 28 February 2027, however they do generally land much sooner than this.

There is no need to activate this offer, but members can only receive one allocation of bonus points during the promotion. The transfer bonus will apply to the first eligible transfer that you complete during the promotion period.

How to get the manual transfer bonus:

1. Log in to your Flybuys account and ensure your Velocity account is linked.
2. Select a manual transfer of at least 1,000 Flybuys Points.
3. Complete the transfer between 11 November 2026 and 31 January 2027.

How to get the auto transfer bonus:

1. Log in to your Flybuys account.
2. Locate Velocity on the ‘Partners’ screen and turn on Auto Transfer.
3. Ensure at least 1,000 Flybuys Points are transferred automatically between 11 November 2026 and 31 January 2027.
4. Keep Auto Transfer active until at least 31 January 2027.

CommBank Yello 20% Velocity Transfer Bonus (Ends May 2027)

CommBank has launched its new Yello program with a 20% bonus on Velocity transfers. To get the bonus you'll need to opt in to Velocity Auto-Redemption for the first time between 5 November 2026 and 5 May 2027.

By doing so, CommBank will offer you:

• 20% bonus Velocity Points for six months from your opt-in date, up to a maximum of 20,000 bonus Velocity Points
• Waived $99 Velocity Auto-Redemption fee for your first 12 months

Once you're opted into Velocity Auto-Redemption, your CommBank Yello points will be automatically sent to your Velocity account on or around the 25th of each month. The conversion rate is 2.5 Yello points to 1 Velocity Point.

Bonus Velocity Points will be credited at the same time as each monthly transfer. This offer only applies the first time you opt in, so if you've already switched on Velocity Auto Transfer, your bonus has already started.

Is This A Good Deal?

Don't mistake this offer as CommBank being generous. The bonus is more of a consolation prize for CommBank cardholders, who have just had their points earn rates gutted.

As a base Yello member, everyday credit card spending earns just 0.5 Yello Points per dollar. Once we consider the recently devalued 2.5:1 Velocity transfer rate (plus a $99 fee) that's 0.2 Velocity Points per $1. Even top-tier Yello Diamond members, who need a $250,000 savings balance or a $1 million+ home loan to qualify, only get 0.6 Velocity Points per $1. These are easily some of the worst effective credit card earn rates in Australia.

Compare that with the Amex Explorer, which has a $395 annual fee (CommBank Ultimate is $420 a year) and earns 2 Membership Rewards Points per dollar, which is 1 Velocity Point per dollar at Amex's 2:1 transfer rate. That's a lower fee and a better earn rate than CommBank, with no million-dollar home loan required!

Should I Transfer My Points To Velocity?

We love Velocity's regular transfer bonus promotions. These offers are a great way to maximise the value of your flexible 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 a 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.

When A Transfer Makes Sense

1. You’re ready to book a Velocity reward flight

This is the ideal scenario. If you’ve already found reward seat availability and just need more Velocity Points, transferring with a bonus effectively reduces the cost of your booking.

2. The transfer bonus is strong and you’ll redeem soon

If the Velocity transfer bonus is generous, it could justify moving points even without a booking lined up. It’s still a good idea to have a plan, whether that’s a specific route, airline partner, or reward flight you’re aiming to book in the near future.

3. You’re transferring from programs that only convert to Velocity

For programs like Flybuys, your transfer options are already limited. In this case, transferring to Velocity during a bonus is a straightforward way to extract more value from points you were likely to move anyway.

When To Avoid Transfers

1. You don’t have a clear redemption plan

Transferring points to Velocity without a specific use in mind is one of the most common mistakes. If you haven’t researched routes, airline partners, or reward seat availability, you might be taking on unnecessary risk.

2. You’re transferring just to get the bonus

A Velocity transfer bonus can look appealing, but it shouldn’t be the only reason you move your points, especially when these offers appear regularly.

3. You want to keep flexibility across frequent flyer programs

Flexible bank reward points can be transferred to multiple airline programs. Once you transfer points to Velocity, that flexibility is gone. and you may miss out on better-value redemptions with other airlines.

4. You’re unlikely to use your Velocity Points soon

If you don’t plan to book a reward flight in the near future, transferring now exposes you to devaluations and missed opportunities. While bank programs can also devalue, they typically provide some notice, and keeping points with the bank gives you the flexibility to transfer your points to whichever program offers the best value at the time.

Offer T&C

The bonus only applies when you transfer at least 2,000 Membership Rewards points to Velocity. Offer ends 30 November 2026.

Offer History – Velocity Transfer Bonus

Velocity Transfer Bonus promotions tend to pop up quite regularly. This means it can be useful to know what has previously been offered before taking advantage of the current deal.

• November 2026: 20% for Commbank via Auto-Redemption
• November 2026: Bonus 250 Velocity & 250 Flybuys (manual) or 500 Velocity & 500 Flybuys (first auto) for Flybuys
• November 2026: 15% manual and 20% auto for Amex
• August 2026: Bonus 250 Velocity & 250 Flybuys (manual) or 500 Velocity & 500 Flybuys (first auto) for Flybuys
• August 2026: 15% manual and 20% auto for most bank rewards
• July 2026: 5% (manual) or 15% (first auto) for Flybuys
• May 2026: 30% for hotel rewards
• May 2026: 10% manual and 20% auto for most bank rewards
• April 2026: Bonus 250 Velocity & 250 Flybuys (manual) or 500 Velocity & 500 Flybuys (first auto) for Flybuys
• March 2026: 10k bonus Velocity for some bank rewards (targeted 4-month offer)
• February 2026: 15-20% for Amex

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• November 2025: 15-20% for most bank rewards (2-month offer)
• August 2025: 15-20% for Amex
• May 2025: 15% for hotel rewards
• May 2025: 15% for most bank rewards
• March 2025: 5% (manual) or 15% (first auto) for Flybuys
• February 2025: 15-20% for Amex
• February 2025: 20% for opting into auto-transfer banks

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• November 2024: 10% for most bank rewards (2-month offer)
• 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 250 Velocity & 250 Flybuys (manual) or 500 Velocity & 500 Flybuys (first auto) for Flybuys
• May 2024: 15-20% for most bank rewards (2-month offer)
• May 2024: 5% (manual) or 15% (first auto) for Flybuys
• March 2024: 10-15% bonus for Amex & CommBank

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• November 2023: 20% for bank rewards (3-month offer)
• September 2023: Bonus 500 Velocity & 500 Flybuys (auto) for Flybuys
• August 2023: 10-20% for Amex
• June 2023: 5% (manual) or 15% (first auto) for Flybuys
• May 2023: 15-20% for most bank rewards
• March 2023: 15% for CommBank
• February 2023: 15-20% for Amex