Earlier today, we posted that Westpac Altitude members will be eligible for a 15% bonus when setting up a Velocity Auto-redemption. As we expected, this was part of a broader promotion.
During May, Velocity Frequent Flyer is offering a 15% bonus on the number of points transferred from a particpating credit card. In order to take part in the offer, you will need to transfer the points during the month of May.
The deal is even sweeter for holders of ANZ Rewards cards. ANZ Rewards account holders will get an additional 35% bonus – bringing up their total bonus to 50%.
The participating cards in this offer include:
- ANZ Rewards accounts,
- ANZ Business Rewards accounts,
- CommBank Award accounts,
- Citibank Citi Rewards accounts,
- Diners Club Reward accounts,
- Bank of Queensland Q Rewards accounts (Platinum credit card holders only),
- Suncorp Bank Rewards accounts,
- Card Services Rewards Accounts,
- Westpac Altitude Rewards Auto-Redemptions (only when Altitude Rewards members have opted into Velocity Auto-Redemption),
- St George Amplify Auto-Redemptions,
- BankSA Amplify Auto-Redemptions,
- Bank of Melbourne Amplify Auto-Redemptions (only when Amplify Rewards members have opted into Velocity Auto-Redemption),
- HSBC Rewards accounts (Platinum and Premier credit card holders only),
- NAB Rewards accounts,
- Australian American Express Card Members, including David Jones American Express Card Members enrolled in the Membership Rewards program (this offer excludes American Express New Zealand Card Members) and
- flybuys (Participating Card Partners).
Velocity are promoting this as a 1 Billion Points promotion. While the Terms and Coniditons refer to an overall bonus cap of 1 Billion points, this just seems to be a different name for the 15% bonus promotion. Perhaps it is an estimate on how many bonus points they expect to be offering. I am not sure if the cap will be reached or not.
These promotions come around every six months or so, and are worth taking advamtage of if you need to move some points. While the bonus has varied, it seems to have settled on the 15% bonus over the last few years,