Is your balance of Velocity Points in need of a top-up? During the merry month of May, you could pocket a Bonus of 15-20% when you transfer points from selected bank and hotel programs to Velocity.

Velocity usually runs a twice-yearly points transfer promotion with most bank partners – in May and November. And right on schedule, here is the May 2023 transfer offer.

What is the current bonus transfer offer?

Until 31 May 2023, earn a 15-20% bonus on Velocity Points when you transfer from most partner programs.

15% transfer bonus to Velocity

• American Express (most cards), ANZ, Bank of Melbourne, BOQ, BankSA, Card Services, Citi, Commonwealth Bank, Diners Club, HSBC, NAB, St.George, Suncorp, Westpac, Marriott Bonvoy, Accor Live Limitless, Choice Privileges, Hilton Honors, IHG One Rewards and Shangri-La Circle.

20% transfer bonus to Velocity

• American Express (Platinum Charge, Platinum Business and Centurion only)

The bonus Velocity Points will be reflected in your Velocity Frequent Flyer account. They won’t be displayed as part of the calculations shown during the transfer process itself.

Offer history

Keen to know how Velocity has run this offer in the past so you can decide if you should take advantage of it now? Here are the last three years of offer history:

• May 2023: 15-20% bonus for most programs.
• March 2023: 15% bonus for CommBank Awards members only.
• February 2023: 15-20% bonus for Amex Membership Rewards only.
• October 2022: 15-25% bonus for most programs.
• August 2022: 25% bonus for American Express Membership Rewards.
• May 2022: 5-30% bonus for most programs.
• February 2022: 15-20% bonus for Amex Membership Rewards only.
• November 2021: 20-30% bonus for bank programs.
• May 2021: 15-30% bonus for most bank programs.
• November 2020: 15-40% bonus + 50 bonus Status Credits for most bank and hotel rewards programs, plus 15% bonus for Flybuys.
• September 2020: 20% bonus for most bank and hotel reward programs.
• July 2020: 15-20% bonus for Flybuys.
• February 2020: 15% bonus for most Amex Card Members; 20% bonus + status upgrade for Platinum and Centurion Card Members; 15-20% bonus for Flybuys [targeted].

Why should I use a Velocity transfer promotion?

We’re big fans of transfer promotions from flexible reward programs to Velocity Frequent Flyer, particularly when the offer is 20% more points (or higher!) and you have a specific flight goal in mind.

The bonus points usually credit instantly alongside the main stash of points you transfer over, so you don’t have to wait around for them to show up.

Planning on making a transfer to empty out one of your bank rewards programs? Then you’ll probably want to wait as late as possible in the promo period to ensure you can transfer the most points possible.

Summing up

These Velocity promotions are usually a great deal if you have a stash of credit card or hotel program points you want to transfer over to Velocity. Don’t forget, along with Virgin Australia, you can also use Velocity Points on airline partners such as Etihad, Singapore Airlines, Air Canada and more. So what are you waiting for?

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