Virgin Mobile reducing Velocity earn

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I don't think this has been posted yet. Virgin Mobile seems to be reducing the number of Velocity points on their plans from 3 points per $1 to 2 points per $1, as of 31 January 2016.

From the email sent to customers:

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[TD]We are always looking at how our customers use our service and the benefits that matter most to them. As we evolve our benefits by adding new offers into the mix, we sometimes have to consider tweaking existing ones.
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[TD]
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[TD]So that we can continue to offer Velocity Points on all new and existing Postpaid plans, we've made the call to drop the earn rate from 3 Points to 2 Points for every $1 spent.
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Virgin Mobile Australia | Velocity Frequent Flyer
 
How do you sell something as negative as reduced earning on partner services?

Not happy but then again at ~$40/month this "enhancement" is not going to make too much of a difference.
 
What is going on? Why are so many places decreasing the velocity point earn lately? Did Virgin jack up the cost of points or something?
 
Australia's highest-earning Velocity Frequent Flyer credit card: Offer expires: 30 Apr 2025
- Earn 100,000 bonus Velocity Points
- Get unlimited Virgin Australia Lounge access
- Enjoy a complimentary return Virgin Australia domestic flight each year

AFF Supporters can remove this and all advertisements

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