Buckscoop > Deals > Travel > 25% Velocity points bonus when you transfer your reward points

25% Velocity points bonus when you transfer your reward points

Posted By: nod, posted 2008/10/24 02:16
I think this is a pretty good offer to consider if you currently have a rewards program with:
* American Express® Membership Rewards
* ANZ Rewards Visa
* Commonwealth Awards
* Westpac Altitude Rewards

The offer is not, of course, without some terms and conditions, which I have listed below.
One to watch our for is this: "Relevant Card Partner rewards program enrolment required (an annual fee may apply)"
Now there is a not a lot of info given about this clause and I am suspecting they are referring to the rewards programs listed above as the velocity program is free.

I think you may need to contact your actual rewards program to find out any hidden details
Expiry date:2008/11/30
  • nod2008/10/24 02:17:52
    *The 25% bonus Points offer is available until 30 November 2008 only. Relevant Card Partner rewards program enrolment required (an annual fee may apply). The earning and redemption of Card Partner points is subject to the Terms & Conditions of the Card Partner reward program. Minimum points transfer amounts apply. To redeem Card Partner points for Velocity Points individuals must be a Velocity Member. Membership of Velocity is the individual’s responsibility, and is subject to the Velocity Membership Terms & Conditions as amended from time to time, available at velocityrewards.com.au. The redemption of Card Partner points will be administered solely by the Card Partner and will take up to 5 business days to transfer into the Velocity Membership Account. Card Partner rewards program members may need to register their Velocity Membership Number with the Card Partner prior to their first transfer. Once Card Partner points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms & Conditions and cannot be reversed. Card Partners hold no responsibility for flight availability, which may be limited. This is at the sole discretion of the Velocity Airline Partner. For more information visit velocityrewards.com.au. American Express Australia Limited (ABN 92 108 952 085). ®Registered Trademark of American Express Company. ANZ (ABN 11 005 357 522). Commonwealth Bank of Australia (ABN 48 123 123 124). Westpac Banking Corporation (ABN 33 007 457 141).

    Above are the terms and conditions.

    One other thing to consider if what the the conversion rate is for the reward points given in each program. Some may be better than others. Sorry - something I am not sure about
  • leny2008/10/24 03:09:54
    Never been a big fan of reward program transfers.

    Direct earning all the way! :thumbsup:
  • nod2008/10/24 09:28:57
    I see them as an incidental reward :D
    If you use your CC a lot and it is attached to one of the programs then you can get some decent points.
  • leny2008/10/24 11:47:57
    But better value and much easier if it's all done automatically. :)

You don't need an account to leave a comment. Just enter your email address. We'll keep it private. :)





Comment Preview