There is another offer if you book a flight with Virgin over the next couple of days "Simply register below with your Velocity membership number, book an eligible Virgin Australia fare or Virgin Australia Holiday Package between 14-25 January 2019, and we’ll reward you with your share of 25 million Velocity Points*." Has anyone had any previous experience with these offers and what did they recieve?
I just got an email for this one today advising I'd received 2,509 points as my "share".
Yes, that's how I calculated it and rounded up to 4c per point.
Strange thing just happened - I booked a rewards seat ADL to MEL one way in business class. I had a look at what the cash fare would have been and I arrived at a calculation of 3.91 cents per point... exactly what they said in the small print in this promotion.
If I can value points at such a high amount, that means a Flybuys point is worth 1.7 cents (assuming you transfer to velocity at the regular rate). A 1,000 point flybuys bonus is therefore worth $17... pretty good if, for example, you get the click and collect bonus from Liquorland on a $17 bottle of wine as it renders the wine effectively 'free'.
Its only worth that much if u would have paid that amount for a business class ticket in the first place. For most people that would not be the case. Myself for example, i value velocity points at 2c each. But thats based on what i would pay for the award flights i can use the points for.
I've just received 392 points labelled "flybuys transfer surprise". It looks like I did four transfers during the period, so I guess 98 per, for a total of ~102,000 transfer blocks?
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So go to my account and see the 98 points. SWMBO got another, but that's it.You successfully participated in the flybuys and Velocity transfer surprise competition. Your share of 10 million Velocity Points has now been credited to your Velocity account.
I am guessing that Flybuys pays much less than 0.8c per Velocity point, and also that Velocity would have to pay VA or *A partners for redemptions. Obvs it should work out as a cash gain for Velocity, but I'd guess it is small beer compared to credit cards.