It’s that time of year – Velocity Frequent Flyer’s latest boost to partner transfers has arrived, offering up to 20% bonus points. These offers generally pop up at least twice yearly, typically in May and November, with other program-specific offers not uncommon.
While your next holiday is just a transfer away thanks to Virgin Australia’s latest loyalty offer, this deal makes life a little harder than it needs to be. Velocity continues to entice members to switch on auto transfers, offering a higher bonus and fewer restrictions. But in doing so, die-hard points enthusiasts realise cycling their auto transfers off before a promotion actually yields a larger bonus.
In May 2024, Velocity’s partner transfer offer covers most credit card reward programs, but you’ll need to transfer across two months for a 15% bonus or enable auto transfers for 20%.
Manual Transfers: 15% Bonus Points
To receive a 15% bonus, manually transfer points from one or more of the below Velocity program partners. You must transfer at least once in both May and June 2024 to receive a bonus.
- American Express Membership Rewards
- ANZ Rewards
- ANZ Business Rewards
- Westpac Altitude Rewards
- NAB Rewards
- Citi Rewards
- HSBC (Platinum and Premier cards only)
- Diners Club Rewards
- Card Services Rewards
- Suncorp Credit Card Rewards (Platinum and Business cards only)
- BOQ Q Rewards (Platinum cards only)
- St.George Amplify Rewards
- BankSA Amplify Rewards
- Bank of Melbourne Amplify Rewards
- CommBank Awards
It’s a good idea to transfer the minimum points in May, leaving your flexible rewards available in case a flight you want pops up with a different frequent flyer program in the meantime. Then, if not, you can make a larger transfer in June to receive bonus Velocity Points instead.
Auto Transfers: 20% Bonus Points
Enable auto transfers with one or more of the below Velocity program partners by 30th June 2024, and you’ll score a 20% bonus on Velocity Points automatically transferred between 1st May and 30th June 2024.
To be eligible, you must have had auto transfers switched off before this promotion started, and then have switched it on during the offer. There is no need to activate this offer.
- ANZ Rewards
- ANZ Business Rewards
- NAB Rewards
- St.George Amplify Rewards
- BankSA Amplify Rewards
- Bank of Melbourne Amplify Rewards
Previous Velocity Transfer Bonus Offers
Before you take advantage of the current offer, it’s worth knowing what Velocity has previously offered. Here’s a list of Velocity Transfer bonus offers over the last few years;
- May 2024: 20% bonus for most programs, for transfers across 2-months.
- March 2024: 10-15% bonus for American Express
- November 2023: 20% for most programs, for transfers across 3 months.
- August 2023: 10-20% for American Express.
- May 2023: 15-20% for most partners.
- March 2023: 15% for CommBank Awards.
- February 2023: 15-20% for American Express.
- October 2022: 15-25% for most partners.
- August 2022: 25% for American Express
- May 2022: 5-30% for most partners.
- February 2022: 15-20% for American Express
- November 2021: 20-30% for banking partners.
- May 2021: 15-30% for banking partners.
- November 2020: 15-40% for most partners; 15% for Flybuys.
- September 2020: 20% for most partners.
- July 2020: 15-20% for Flybuys.
- February 2020: 15-20% for American Express and Flybuys.
Velocity Transfer Bonus: Terms & FAQ’s
We’ve broken out the magnifying glass to bring you the most important parts of Velocity’s May 2024 transfer bonus offer. For the full fine print, check the Velocity website.
- Bonus points are calculated based on the total number of standard eligible Velocity Points received during the promotion period.
- Bonus points will be allocated by 31 July 2024.
- For manual transfers, you must transfer at least once in both May and June 2024 to receive a 15% bonus.
Can I manually transfer from different partners?
Yes, you can mix and match manual transfers from participating partners. For example, if you transfer from AMEX in May, you could use AMEX again in June, or a different partner like Commbank.
I made two manual transfers between May and June 2024, but not once per month. Can I still receive the bonus?
No, you must make at least one manual transfer in both May and June 2024 to be eligible for bonus points.
I made my transfers on time, but the Velocity Points weren’t credited until the following month. Can I still receive the bonus?
Yes, if you made the transfers between May and June 2024 and met the offer requirements, your bonus Velocity Points will be awarded.
I already had auto transfers switched on. Can I still receive the bonus?
No, to be eligible for the auto-transfer portion of this offer, you must have had auto-redemptions switched off at the start of the promotion period (12:00am AEST on 1 May 2024), and then switched on during the promotion period (1st May to 30th June 2024).
When will I receive my bonus points?
Bonus Velocity Points will be credited by 31 July 2024.
How are the bonus points calculated?
Bonus Velocity Points are calculated based on the total number of standard Velocity Points received during the promotion period (1st May to 30th June 2024). Bonus points are rounded to the nearest whole Point.
How do I register for this Velocity Transfer Bonus offer?
There is no registration required for this bonus Points offer.
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