- Joined
- May 22, 2009
- Posts
- 12,962
- Qantas
- Platinum 1
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I was of the understanding it was retained as long as you retained the appropriate status with VA.
No it's a once only option
T&C's are below
http://www.velocityrewards.com.au/content/Info/ComplimentaryMembershipTerms/index.html
You would IMO be better to wait until either any earned HH status is about to expire or Velocity status about to expire, whichever is sooner