Upto 25% Bonus for sending Amex Points to Virgin Australia Velocity
American Express and Virgin Australia Velocity are currently offering a deal that gives a bonus for sending points to Virgin’s Velocity Frequent Flyer program between now and 10th August 2017 as follows:
- Holders of American Express Charge Card (Ascent Premium Plus Membership Rewards Program) – 25% Bonus
- Holders of all other American Express Cards – 15% Bonus
- Points must be sent from American Express before 10th August 2017
Terms and Conditions are here:
Is this a Good Deal?
15% Bonus is at the top end of transfer bonuses to Velocity. 25% for holders of the Platinum Charge card is even better.
Should You Take Advantage of this deal?
Our answer would be that it depends on several factors.
Do you have any upcoming travel plans? What routes will these be on? What other frequent flyer programs allow you to travel there and what is the availability like?
For example, I’m currently looking at booking a trip for a relative to fly out from the UK to Australia in the next few months. I’ve left it last minute so battling with what carriers have availability, but I’m still looking for a decent redemption value.
Computing the pricing of the redemption, it would take 139,000 Velocity Points each way in business class redeeming on their partner airline Etihad plus a whopping $830.48 in taxes one way from the UK to Australia and $615.68 on the way back. (There’s no availability on Virgin Australia at the 128,000 rate)
With the 25% bonus, this brings it down to 111,200 Amex Membership Rewards required. With 15%, it brings it down to 120,869 Amex MR.
However if I send my points to Thai Airways their return rate in business class is 170,000 Royal Orchid points which transfer across from Amex MR at the rate of 1:1 so based on a return it would cost me only 85,000 Amex MR points each way plus taxes and carrier fees charged on Thai are a lot lower, so in this case I’m better off using for a Thai redemption.
85,000 MR for each one-way trip via Thai versus 111,200 MR for the same trip sending via Velocity.
So in this case I’m better off keeping the points in Amex Membership Rewards.
To work out whether it’s worthwhile for your planned redemption, we suggest you check out the following:
- what options you have for redeeming on your route;
- what the best option is in points, and taxes; and
- what the best options are based on availability.
Based on these factors you can then make your decision and if Velocity comes out on top then it’s one of the better bonus deals we’ve seen to send across.
For some domestic redemptions it may be worthwhile although also worth checking out the pricing of your redemption versus Singapore Airlines redeeming on their partner Virgin Australia and Etihad as they also partner with Virgin Australia do you can price up what they charge for the domestic routes.
Bear in mind that if you are booking for infants, Virgin don’t charge a fee, whereas Singapore Airlines charge 10% of the full fare and Etihad 10% of the miles so that adds a few more variables into the equation.
If you don’t have a redemption in mind, you keep more options open by having the points accumulate within American Express Rewards than sending out to any one program and the bonus combined with award availability just isn’t good enough to make Velocity the best program for all redemptions.
Will you be sending points across?