Get up to 20% bonus Velocity Points when you transfer at least 1,998 American Express Membership Rewards (MR) points to Velocity in one transaction by 31 August 2023.
Membership Rewards Programs: Ascent, Gateway, Premium Ascent, Corporate Ascent or David Jones Membership Rewards program:
- Bonus 10% Velocity points when you transfer up to 100,000 MR points.
- Bonus 15% Velocity points when you transfer 100,002-400,000 MR points.
- Bonus 20% Velocity points when you transfer 400,002 or more MR points.
Membership Rewards Program: Business Ascent:
- Bonus 10% Velocity points when you transfer up to 75,000 MR points.
- Bonus 15% Velocity points when you transfer 75,003-300,000 MR points.
- Bonus 10% Velocity points when you transfer 300,003 or more MR points.
Terms and conditions
To transfer Membership Rewards points for Velocity Points, you must be enrolled in Membership Rewards Ascent, Gateway, Premium Ascent, Business Ascent, Corporate Ascent or David Jones Membership Rewards program (this offer excludes American Express New Zealand Card Members) and be a member of Velocity Frequent Flyer. To receive bonus Velocity Points you must transfer Membership Rewards points from the American Express Membership Rewards Program to Velocity into Velocity Points (Transferred Velocity Points) between 12.01am (AEST) 15 August and 11.59pm (AEST) 31 August 2023 (Promotion Period). The level of bonus Velocity Points that you could earn will be determined by the number of Membership Rewards points that you transfer each time you make a transfer as listed below:
Membership Rewards Programs: Ascent, Gateway, Premium Ascent, Corporate Ascent or David Jones Membership Rewards program. Minimum points redemption applies.
Up to 100,000 Membership Rewards points transferred to Velocity (per transfer) = 10% bonus Velocity Points
100,002 – 400,000 Membership Rewards points transferred to Velocity (per transfer) = 15% bonus Velocity Points
≥ 400,002 Membership Rewards points transferred to Velocity (per transfer) = 20% bonus Velocity Points
Membership Rewards Program: Business Ascent. Minimum points redemption applies
Up to 75,000 Membership Rewards points transferred to Velocity (per transfer) = 10% bonus Velocity Points
75,003 – 300,000 Membership Rewards points transferred to Velocity (per transfer) = 15% bonus Velocity Points
≥ 300,003 Membership Rewards points transferred to Velocity (per transfer) = 10% bonus Velocity Points
The bonus Velocity Points will be calculated as the percentage of the base number of Velocity Points you will receive when you transfer Membership Rewards points to Velocity Points each time you make a transfer during the Promotion Period.
A minimum of 2,000 Membership Rewards points, (1,998 Membership Rewards points for Business Ascent) must be redeemed for Velocity Points at any one time and must be in increments of 2 Membership Rewards points (3 Membership Rewards for Business Ascent) during the Promotion Period and must be in whole numbers. For full details on points transfers, including eligibility criteria, minimum points transfer requirements, applicable conversion rate see the American Express Membership Rewards Program Terms and Conditions. The earning and redemption of Membership Rewards points is subject to the Terms and Conditions of the American Express Membership Rewards Program. The redemption of Membership Rewards points will be administered solely by American Express and will take up to 1 business day to transfer into your Velocity account and is subject to the Terms and Conditions of the American Express Membership Rewards Program in which you are enrolled. Once the Membership Rewards points have been redeemed for Velocity Points, they are governed by the Velocity membership Terms and Conditions and cannot be reversed. Transferred Velocity Points will take up to 1 business day to be available in your Velocity account. Bonus Velocity Points will be administered by Velocity Frequent Flyer which may also take up to 6 weeks to transfer into your Velocity Membership account. Bonus Velocity Points are calculated on the total number of Membership Rewards points transferred to the Velocity account (as converted to Velocity Points) in accordance with the offer.
To earn and redeem Velocity Points you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Velocity membership Terms and Conditions, as amended from time to time.
