Velocity Frequent Flyer is back with one of its regular transfer bonus promotions, offering 10% bonus Velocity Points on transfers from most of its banking partners. 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 flight redemption in mind.
You will need to manually transfer from an eligible banking partner in both November and December 2024 to receive the bonus. While it’s still a welcome promotion and more than you would receive during normal transfers, the two-month window and low 10% bonus make Velocity’s November 2024 transfer bonus less enticing.
Velocity 10% Transfer Bonus In November 2024
Receive 10% bonus Velocity Points when you manually transfer your eligible credit card reward points to Velocity. You must transfer in both November and December 2024 to be eligible for a bonus, with those bonus points to land in your Velocity account by 31 January 2025.
Banking partners eligible for Velocity’s November 2024 Transfer Bonus;
- American Express Membership Rewards (excludes Amex NZ)
- ANZ Rewards
- ANZ Business Rewards
- Bank of Queensland Q Rewards (Platinum cardholders)
- BankSA Amplify Rewards
- Bank of Melbourne Amplify Rewards
- Card Services Rewards
- Citi Rewards
- CommBank Awards
- HSBC (Platinum and Premier cardholders)
- NAB Rewards
- St.George Amplify Rewards
- Suncorp Credit Card Rewards (Platinum and Business cardholders)
- Westpac Altitude Rewards
There is no limit to the number of transfers you can make during November and December 2024 that will be eligible for a bonus, just be sure to transfer in both months. Similarly, you can transfer with any of the above partners throughout the promotion period and receive a 10% bonus on the total number of transferred Velocity Points received. There is no requirement to transfer from the same partner in both months.
Those with an auto-redemption or auto-sweep Velocity Credit Card will not receive a bonus. There is no requirement to activate this offer.
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.
Although, 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
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;
- November 2023: 10% for most partners
- September 2024: 10-15% for Commbank
- August 2024: 10-15% for Amex
- May 2024: 15-20% for bank rewards (transfer across 2-months)
- March 2024: 10-15% bonus for Amex and CommBank
- November 2023: 20% for bank rewards (transfer across 3-months)
- August 2023: 10-20% for Amex
- May 2023: 15-20% for most partners
- March 2023: 15% for CommBank
- February 2023: 15-20% for Amex
- October 2022: 15-25% for most partners
- August 2022: 25% for Amex
- May 2022: 5-30% for most partners
- February 2022: 15-20% for Amex
- November 2021: 20-30% for bank rewards
- May 2021: 15-30% for bank rewards
- 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 Amex and Flybuys
