Velocity have introduced tha ability to purchase ‘top-up’ booster points for those times you find yourselfÂ short on points for an Award that you want. The Velocity Points Booster option is similar to the Qantas top-up points scheme that has been around for a while.
Whether or not purchasing points in such a way makes sense, will depend on the individual circumstances at the time of purchase. The price you need to pay for the points generally decreases as you purchase more points. If you are buying 500 Points, the price is $18, which come in at 3.6 cents per point. At the other end of the spectrum, 50,000 Points will set you back $1,172 or 2.3 cents per point.
While buying 50,000 Points makes the price cheaper, it may also be worthwhile considering whether you would be better off just paying cash for your ticket. On the other hand, if you only need a few thousand points, then, while the point cost may be higher,, it could be worthwhile shelling out for those points to get the Award.
The full details on the cost of points may be found on the Velocity Site.
The fine print
Top-up points are sold in blocks of 500 up to a maximum of 50,000, and you have the ability to make a purchase twice a year.
In order to take advantage of the offer, you will need to have a specific award in mind. Based on the specific Award, Velocity will calculate the number of points you can purchase to achive the award. In addition to the rounding, you won’t be able to purchase more than 20% of the total points required for the redemption.
Comparing with Qantas
As the idea of the Booster is similar to the Qantas Top Up Points, it is natural to compare the two programs. The following table higlights some of the features of the two offerings Generally speaking, Velocity has come up with a slightly better option across the board with their new offering.
|Min Points Cost||$18||$20|
|Min Points Cost per point||3.6 cents||4 cents|
|Max Points Cost per point||2.3 cents||2.8|
|Max Percentage Purchase||20%||15%|
|Frequency||2 x per year||1 x per year|