Velocity’s 15-20% Transfer Bonus in May-June 2024

Velocity May-June 2024 transfer offer
Earn a minimum 15% bonus Velocity points when transferring from a credit card during May and June 2024.

For years, Velocity Frequent Flyer has offered bonus points when you transfer points in from a credit card rewards program during May and November.

This year is no exception, although this latest promotion requires you to either:

  • Manually transfer points into Velocity Frequent Flyer two months in a row (at least once in May and again in June 2024), or
  • Opt-in to Velocity Auto Transfer between 1 May – 30 June 2024.

If you use the manual transfer offer, you’ll receive 15% bonus points into your Velocity account by 31 July 2024. If you opt-in to Auto Transfer, you’ll get a 20% bonus on any Velocity points transferred into your account.

This promotion is similar to the last one which ran from November 2023 until January 2024. With that offer, you also had to wait until well after the promotion had ended to receive your allocation of bonus points. (In previous years, the bonus was instant and the T&Cs were simpler.)

To take advantage of this offer, you need to have a credit card that earns points with the bank’s loyalty program. Velocity Frequent Flyer co-brand cards that exclusively earn Velocity points don’t qualify.

These are the highest earning Australian cards with points transferrable to Velocity…

American Express Platinum Card
Earn
2.25

American Express Membership Rewards points on everyday purchases

Signup Bonus

150,000 bonus Membership Rewards points

Apply by 28th Jan 2025

Annual Fee
$1,450 p.a.
Go to offer
American Express Explorer Credit Card
Earn
2

American Express Membership Rewards points on everyday purchases

Signup Bonus

50,000 bonus Membership Rewards Points

Annual Fee
$395 p.a.
Go to offer
ANZ Rewards Black credit card
Earn
2

ANZ Rewards Points on everyday purchases

Signup Bonus

180,000 extra ANZ Reward Points + $150 back to your new card

Annual Fee
$375 p.a. ongoing
Go to offer

The manual transfer offer

You can receive 15% bonus points on any points manually transferred to Velocity from the following loyalty programs, provided you make a transfer in both May and June 2024:

If you have points with ANZ Rewards, note the following clause in the offer T&Cs:

If you receive the 70,000 First Year Bonus Acquisition Points as part of the ANZ Rewards Platinum offer during the Promotion Period, you will not be eligible to receive bonus Points as part of this offer on any points transferred from ANZ Rewards. 

The Auto Transfer offer

The Auto Transfer offer is only available for members of ANZ Rewards, ANZ Business Rewards, NAB Rewards and Amplify Rewards. Amplify Rewards is the loyalty program of St.George, Bank SA and Bank of Melbourne.

Although you’ll get a larger bonus, the downside of Auto Transfer is that your entire existing points balance will immediately be converted into Velocity points. This gives you less flexibility when you want to redeem your points to book travel.

Note that you can’t get the bonus points for opting into Auto Redemption if you recently got a sign-up bonus with a NAB Rewards Platinum card. Here’s what the offer T&Cs say:

Auto Redemption: If you receive the 60,000 First Year Bonus Acquisition Points as part of the NAB Rewards Platinum offer during the Promotion Period, you will not be eligible to receive bonus Points as part of this offer on any points transferred from NAB Rewards. 

What if you already have auto-redemption turned on?

If you had already opted into Velocity Auto Transfer before this promotion started on the 1st of May 2024, this is what Velocity Frequent Flyer’s FAQs say:

Members must have been opted out of auto-redemption or auto-sweep at the start of the Promotion Period (12:00am AEST on 1 May 2024) to be eligible for this offer.

You can see the full offer T&Cs on the Velocity Frequent Flyer website.

What can you do with Velocity points?

Velocity Frequent Flyer is the loyalty program of Virgin Australia. You can use Velocity points to book flights on Virgin Australia, as well as nine other partner airlines.

Virgin Australia Business Class service on the Cairns-Tokyo route
Virgin Australia Business Class. Photo: Virgin Australia.

Here’s the full range of airlines you can book Reward Seats on with Velocity points:

Velocity Frequent Flyer redemption partner airlines as of October 2023: Air Canada, ANA, Etihad, Hawaiian Airlines, Qatar Airways, Singapore Airlines, South African Airways, United, Virgin Atlantic and Virgin Australia.

You can also redeem Velocity points for things like:

  • Upgrading Virgin Australia flights from Economy to Business Class
  • Economy X seat selection on Virgin Australia flights
  • Merchandise from the Velocity Rewards store
  • Gift cards
  • Wine
  • Online shopping with Myer
  • Hotel bookings (powered by Rocket Travel)
  • Car hire bookings via Rocket Travel
  • Luxury Escapes bookings

For more information, see our Beginner’s Guide to Virgin Australia Velocity or our Frequent Flyer Training courses!

Frequent Flyer Concierge

Having trouble finding and booking reward seats?

Our Frequent Flyer Concierge is here to help!

The editor of Australian Frequent Flyer, Matt's passion for travel has taken him to over 90 countries… with the help of frequent flyer points, of course!
Matt's favourite destinations (so far) are Germany, Brazil & Kazakhstan. His interests include economics, aviation & foreign languages, and he has a soft spot for good food and red wine.

You can connect with Matt by posting on the Australian Frequent Flyer community forum and tagging @AFF Editor.
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Community Comments

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Pretty rough exclusion under the T&C’s for ANZ.

If you receive the 70,000 First Year Bonus Acquisition Points as part of the ANZ Rewards Platinum offer during the Promotion Period, you will not be eligible to receive bonus Points as part of this offer on any points transferred from ANZ Rewards.

Reply 1 Like

As a newbe I am interested to know if 15% is the most likely maximum bonus Velocity points offered in the short to medium term. I am in no great hurry to transfer points from Card Services and will wait for a better offer if one is likely to come along.

Reply Like

As a newbe I am interested to know if 15% is the most likely maximum bonus Velocity points offered in the short to medium term. I am in no great hurry to transfer points from Card Services and will wait for a better offer if one is likely to come along.

Occasionally we have seen offers of 20 or 25% bonus points in the past, but not on transfers from Card Services that I can recall. I think 15% is about as good as you're going to get.

Reply Like

Pretty rough exclusion under the T&C’s for ANZ.

Seems to apply to NAB new card sign up bonuses as well?

Reply Like

Seems to apply to NAB new card sign up bonuses as well?

Hmm yeah, similar exclusion for NAB, I wonder why they specifically exclude only the Platinum cards?

Reply Like

Similar offer to the November-January promo is back for consecutive transfers in the months of May and June:

I presume that the technique is to turn off auto transfer in July so can reactivate at the next offer, or is the extra 5% a once only?

Reply Like

click to expand...

Would someone be so kind as to check my maths? If transferring from Amplify and wanting to eventually get the points to KrisFlyer, this makes it marginally worth going via Velocity, yeah?
Amplify -> KF = x points / three.
versus
Amplify -> Velocity -> KF with this bonus = x points / two * 1.15 (or (1.2) / 1.55
I understand there's some risk of the Vel->KF rate changing if one were to delay that transfer.

Reply 3 Likes

My reading is that you could apply for the ANZ reward black, collect the 180k bonus ANZ reward points and turn on auto transfer to get the 20% bonus.

The exclusion is only for the anz platinum card sign up bonus.

Whether the bonus ANZ reward points clear before 30 June is another issue, but hopefully would get another opportunity similar in November if not…

Reply 1 Like

I presume that the technique is to turn off auto transfer in July so can reactivate at the next offer, or is the extra 5% a once only?

Found the answer. It depends on the bank, eg with Citi I think it is ok to turn off and on, ANZ specific t&c state "ANZ Reward Points. Individuals who had Auto-Transfer turned on for Velocity Points as at 11.59pm AEST on 31 Oct 2023 are ineligible for the Auto Transfer Campaign"

Edit: Oops no, the auto transfer bonus doesn't apply to Citi at all. Still, happy with +15%

Reply Like

Amplify -> Velocity -> KF with this bonus = x points / two * 1.15 (or (1.2) / 1.55

Maths is correct
Transfer from 2:1 card into Velocity then bonus SQ is 0.74 ppd
Transfer from 3:1 card into SQ is 0.66 ppd

Reply 2 Likes