Velocity have launched a transfer bonus promotion for American Express Card members. If you have an Amex card that earns Membership Rewards Points, this is your opportunity to pocket up to 20% bonus points. The promotion went LIVE a couple of days ago and cardmembers have until 28th February to transfer points and earn the bonus.
Note that this promotion is exclusive to American Express and other Velocity partners are not included.
Earn 15-20% bonus Velocity Points
The standard transfer rate from Amex to Velocity is 2:1 (2 Amex Points = 1 Velocity Point). That ratio is boosted by 20% (2 Amex Points = 1.2 Velocity Points) during the promotional period for the following card members who transfer a minimum of 2,000 Membership Rewards Points.
- Platinum Charge Card
- Centurion Card
- Platinum Business Card
- Rewards Advantage Card
Meanwhile, the remaining Amex cards are eligible for 15% bonus points. These are:
- American Express Explorer Credit Card
- American Express Platinum Edge Credit Card
- American Express Essentials Card
- American Express Business Card
- American Express Business Explorer Credit Card
Transfers are generally instant and the bonus points are credited alongside standard points. However, as per the terms of the promotion it may take up to 6 weeks for the bonus points to be credited to your account, so just be aware of that in case the bonus points do not post immediately and you are relying on those points to complete your booking.
The other important point to be aware of is that once points have been transferred out of Membership Rewards to your Velocity Frequent Flyer Account it is not possible to have these reversed back into your Membership Rewards Account.
In Conclusion
American Express Card members can transfer points to Velocity and earn up to 20% bonus points until the end of the month.
Do note however that Velocity points are some of the easiest points to earn in Australia, so unless you have confirmed travel plans and have found reward seats, I wouldn’t recommend you transfer points. These promotions come around at least 2-3 times a year and even the 20% bonus isn’t something to get overly excited about.
Do you plan to take advantage of the promotion and transfer points? Leave a comment below.
