[ad_1]
Prospects of the Commonwealth Financial institution and Westpac can as soon as once more convert their hard-earned bank card factors into Virgin Australia Velocity Frequent Flyer factors.
Bringing welcome information for members of CommBank Awards and Westpac Altitude Rewards, eligible cardholders from St.George, Financial institution of Melbourne and BankSA additionally see Velocity Factors conversions restored from their Amplify Rewards program – these banks being subsidiaries of Westpac.
With the freeze initially triggered by Virgin Australia’s entry into voluntary administration again in April, it’s the primary time in 5 months that these cardholders have been in a position to manually convert their financial institution reward factors into Velocity Factors.
Conversions to Velocity Frequent Flyer as soon as once more happen on the following charges:
|
Program |
Conversion charge |
Instance |
|
CommBank Awards |
2.5:1 |
100,000 CBA factors = 40,000 Velocity Factors |
|
CommBank Awards |
2:1 |
100,000 CBA factors = 50,000 Velocity Factors |
|
Westpac Altitude Rewards |
three:1 |
100,000 Altitude Factors = 33,333 Velocity Factors |
|
Financial institution of Melbourne Amplify Rewards |
2:1 |
100,000 Amplify Factors = 50,000 Velocity Factors |
|
BankSA Amplify Rewards |
2:1 |
100,000 Amplify Factors = 50,000 Velocity Factors |
|
St.George Amplify Rewards |
2:1 |
100,000 Amplify Factors = 50,000 Velocity Factors |
Nonetheless, whereas Velocity Factors conversions have been restored in Westpac’s Altitude Rewards program, the financial institution has not at present returned the separate ‘Altitude Velocity’ card loyalty possibility, as had additionally been supplied previous to the shutdown.
In contrast to Altitude Rewards, via which factors are earned within the financial institution’s program and transformed to Velocity at will, Altitude Velocity enabled the direct incomes of Velocity Factors (with out the necessity to convert factors manually), alongside some Virgin Australia journey perks.
This newest transfer from CBA and Westpac follows the sooner restoration of Velocity Factors transfers from each American Categorical Membership Rewards and NAB Rewards.
Bank card factors transfers from ANZ Rewards to Velocity stay unavailable on the time of publishing: making ANZ the one ‘Massive 4 Financial institution’ to proceed blocking its prospects’ entry to Velocity Factors.
Velocity Factors conversions additionally stay off the playing cards for members of HSBC Rewards Plus, and people with Citigroup playing cards hooked up to the Citibank Rewards, Diners Membership Rewards, BOQ Rewards, CardServices Rewards and Suncorp Rewards platforms.
In associated information, Virgin Cash, which had halted new functions for its Velocity Excessive Flyer and Velocity Excessive Flyer bank cards again in April, has this month reopened these playing cards to new prospects.
Nonetheless, the American Categorical Velocity Escape and AMEX Velocity Platinum playing cards stay off the marketplace for now.
Current AMEX Velocity cardholders can persevering with incomes Velocity Factors as regular, with Membership Rewards cardholders in a position to convert their rewards into Velocity Factors.
Additionally learn: Your information to the Westpac Altitude Rewards program
Chris Chamberlin is the Affiliate Editor of Government Traveller, and lives by the motto that a journey of a thousand miles begins not simply with a single step, but in addition a powerful latte, a theatre ticket, and later within the day, an excellent gin and tonic.
[ad_2]
