Velocity Rewards Shop Inflation

[futaris]

As pointed out in the Amex thread, most things in the Velocity Rewards Online Shop have gone up ~10% in the last few days.

e.g. $1000 Myer or David Jones voucher has gone from 110k to 120k.

They have however added a few new items and refurbished the site.

 

[edman]

I also noticed that the Qantas store prices had changed on some items as well, from the presentation of the sites I wonder if the stores are contracted out to the same company?

Was good to see they added a few more things to the store, it was lacking a little especially compared to the relaunched Qantas site.

 

[ANstar]

And unlike the horror stories I have heard with the QF shop, I have had 3 redemptions done with Velocity's shop and the goods were all delivered within a week.

 

[JohnK]

Could the increases in the Velocity shop be due to the 50% and now 25% bonus points on transfers?

 

[wallacej]

Could the increases in the Velocity shop be due to the 50% and now 25% bonus points on transfers?

I am glad I transferred my Diners points at 50% bonus, then got the $1000 Myer card.

 

[futaris]

On a plus note, they have implemented points + pay for all rewards now.

Generally you only need 40%-50% of points to redeem for something.

e.g. for $1000 gift voucher, you only need 50k+$577, so 50k=$423, i.e. 0.846c/point, vs 0.833c/point for 120k=$1000

 

[futaris]

I just noticed Myer vouchers using QANTAS are reduced from 135k to 125k for $1000 till end of Feb 09.

 

[Flashback]

To try and seduce people into dumping their points in QF, or doing to direct earn with QF on their CC... once they've done so, the points will go up

 

[wallacej]

A good story - redeemed through Velocity a $1000 card last week (Friday), and one week later it arrived in my mail box - could have been 6 days - missed checking my mail for one day)

Yes, the price had gone up by 10,000 points over the one I got this time last year.

Well done, nice quick redemption.... Now bring on the mid year sales and I will really get some bamng for my buck/point