Velocity Offer 'that's out of this world'

[NSWhere]

Am I missing something or is there not actually an option to receive 25 million bonus points in this promo? Is this true, that after all this hype you can't even choose how to spend the 25MM?!

Obviously option 1 and 2 cannot be directly equated to Velocity point value but options 3 and 4 can, and they don't add up to 25MM.

3) Luxury holiday package: $100,000 blue holiday vouchers (14,000,000) plus $50,000 cash (no equiv, but $50K vouchers would cost 6,000,000): 20,000,000 points

4) Shopping spree: Even by velocity's poor burn value standards this is less than 25MM. If, rather than getting 20*$500 David Jones vouchers you recieved 10*$1000 etc (I won't post the full math here but I have done it). Total points 20,275,600. EDIT: I stuffed up, 160*100 = 16000, not 1600. Therefore total value = 23,704,000 points. Sorry!

No doubt it is a huge prize for a frequent flyer program, but where did that 25MM figure come from Virgin?

Lest anyone accuses me of DJ bashing, QF's million point promo can theoretically purchase 3 return PER-LHR in F. This is worth about $50K.


Just throwing this out there for thought and comment. Have a great Sunday all.

 

[oz_mark]

4) Shopping spree: Even by velocity's poor burn value standards this is less than 25MM. If, rather than getting 20*$500 David Jones vouchers you recieved 10*$1000 etc (I won't post the full math here but I have done it). Total points 20,275,600.

I got 25,040,000 points as the total when I added them up (and uses 500 DJ Vouchers at 71,000 points each)

 

[NSWhere]

And that's exactly my point. If I owe you $100 will you let me off with a $50 and two $20s?

Why take 2*$500 for 142,000 when you can get 1*$1000 for 120,000? By dishing out low face value vouchers they have ripped the winner out of nearly 5,000,000 points. This is potentially another $40K worth of vouchers!

EDIT: My error discussed two posts up means that they have only ripped the winner out of 1,300,000 points or $10,000 worth of vouchers.

 

[oz_mark]

And that's exactly my point. If I owe you $100 will you let me off with a $50 and two $20s?

Why take 2*$500 for 142,000 when you can get 1*$1000 for 120,000? By dishing out low face value vouchers they have ripped the winner out of nearly 5,000,000 points. This is potentially another $40K worth of vouchers!

Ahh, yes I see what you are getting at. There's no real reason these days to go with the lower value gift cards either as they just reduce the balance on your card as you spend it.

 

[JohnK]

I beg your pardon, I never promised you a rose garden....

 

[wallacej]

I beg your pardon, I never promised you a rose garden....

John, are you TUI

 

[vet]

Well my costings of Q to SFO v V to LA to SFO mean the 25% doesn't cut make it worthwhile.

 

[JohnK]

John, are you TUI

Nah! Just my sarcasm after the details have been revealed on this seemingly useless promotion....

 

[Flashback]

And.. the official page: 25 Million Points : Home Page

 

[lovetravellingoz]

And.. the official page: 25 Million Points : Home Page

As per ANstar's link above, or am I missing something????

 

[vet]

CBA Rewards may not be awarding their rewards on transactions in March/April in time to roll into V. Vtell me the current Velocity promo is definitely only 25% not 50% and I'm told they don't update their rewards 'for a month' :Memo to self: for 25% that others are offering, don't use CBA Cards from early March or maybe there'll be no awarded cba points in time to transfer them to V. So raspberries for the CBA.

Citi Rewards tell me they only transfer blocks of 15k to V whereas transfers to Qantas are blocks of 10k. Qantas is looking better all the time.

Amex - their rewards are at least 1 for $1 and are posted overnight. I think I know what card I'll be using - as soon as they honour their deal by awarding the long overdue myreward bonuses.

 

[Mal]

Commbank transfers are also marked at 50% but weirdly in the blurb it flicks from 50% to 25%. T&C's don't seem to help.

Page has been corrected to show 25% bonus for the Commbank transfers.

 

[edman]

The Citibank part of the bank transfer page has been updated, 25% bonus on transfer of minimum 15000 points. Still on 1.5 - 1, I was hoping they may have upgraded to 1-1 by now. I don't think I'll be transferring any across to Velocity at the moment, may do a large transfer to Qantas before the March deadline then just accummulate the points in Citi after that until the transfer rates change.

 

[vet]

Thanx Edman - I heard V wanted Citi to lower the threshold so I was keen to find out if Citi was smart enough to drop its 'bloc mentality'.

 

[ANstar]

So I thought the campaign would be quite interesting with the site

www.spaceisnotforamateurs.com

Unfortunatley there have been no blog posts since the launch. And the facebook site has the advertising agencies email tied to it?

The lack of follow through is disappointing.

 

[vet]

Citi has a 10k bloc for Qantas and 15k minimum bloc for V.

I only have 20k rewards with Citi. Is this right: 20,000 citi rewards =

- 12,500 Velocity points (with the 25% Velocity bonus) plus 5,000 citi points left over; or

- 13200 Qff points.

Is my math's right? That 13,200 brings me within a cats whisker of a qff flight to San Francisco(ignoring 'points inflation), whereas 12,500 Velocity points just starts me off on a flight).

 

[edman]

Citi has a 10k bloc for Qantas and 15k minimum bloc for V.

I only have 20k rewards with Citi. Is this right: 20,000 citi rewards =

- 12,500 Velocity points (with the 25% Velocity bonus) plus 5,000 citi points left over; or

- 13200 Qff points.

Is my math's right? That 13,200 brings me within a cats whisker of a qff flight to San Francisco(ignoring 'points inflation), whereas 12,500 Velocity points just starts me off on a flight).

I thought Citibank to Qantas was 1:1?

 

[serfty]

Citi has a 10k bloc for Qantas and 15k minimum bloc for V.

I only have 20k rewards with Citi. Is this right: 20,000 citi rewards =

- 12,500 Velocity points (with the 25% Velocity bonus) plus 5,000 citi points left over; or

- 13200 Qff points.

Is my math's right? That 13,200 brings me within a cats whisker of a qff flight to San Francisco(ignoring 'points inflation), whereas 12,500 Velocity points just starts me off on a flight).

Not quite (https://www.citibank.com.au/AUGCB/ICARD/apps/ripper_home/homepage.do):

QANTAS FREQUENT FLYER DETAILS

Gold and Platinum Cardholders: One Citi Rewards point converts to one Qantas Frequent Flyer point.
Silver Cardholders: Two Citi Rewards points convert to one Qantas Frequent Flyer point.
Note: All Qantas Frequent Flyer points redemptions must be in multiples of 10,000 rewards points.

...

For Example:

Gold and Platinum Cardholders: Minimum 10,000 Qantas Frequent Flyer points = 10,000 Citi Rewards points

Silver Cardholders: Minimum 10,000 Qantas Frequent Flyer points = 15,000 Citi Rewards points

So 20,000 City Rewards points = 10,000 QFF point & 10,000 Citi Rewards Points OR 20,000 QFF points.

 

[Mal]

I've now transferred a number of points from my Commbank card to Velocity. They are pretty much orphaned after the Qantas changes, and there was no way I was going to send them to Qantas. (Commbank's burn ratio on credit card points is pathetic!).

Gives me a few chances to win a prize - and I can stick it at Qantas as well at the same time


Commbank Min is 3600 points, with increases of 1000. (Note I'm plat, so I get 1:1 - other cards may have different mins/increments etc)

 

[Flashback]

I've now transferred a number of points from my Commbank card to Velocity. They are pretty much orphaned after the Qantas changes, and there was no way I was going to send them to Qantas. (Commbank's burn ratio on credit card points is pathetic!).

Gives me a few chances to win a prize - and I can stick it at Qantas as well at the same time

Good work! Stick it to the man!