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Buyers with an eligible Citibank, Diners Membership, Suncorp or Card Companies bank card or cost card can as soon as once more convert their rewards into Virgin Australia Velocity Factors – with American Categorical additionally reopening its Velocity co-brand bank cards to new candidates.
This implies factors transfers to Velocity Frequent Flyer are as soon as once more potential from the Citibank Rewards, Diners Membership Rewards, Suncorp Rewards and Card Companies Rewards applications.
Such conversions had beforehand been suspended after Virgin Australia entered voluntary administration again in April – with American Categorical additionally withdrawing its AMEX Velocity Platinum Card and AMEX Velocity Escape Card from sale on the identical time.
For Citigroup cardholders eligible to transform their reward factors into Velocity Factors, these transfers are once more potential on the following charges:
Program |
Conversion price |
Instance |
Citibank Rewards |
2.5:1 |
100,000 Citi factors = 40,000 Velocity Factors |
Citibank Rewards |
2:1 |
100,000 Citi factors = 50,000 Velocity Factors |
Diners Membership Rewards |
1:1 |
100,000 Diners Membership factors = 100,000 Velocity Factors |
Suncorp Rewards |
2:1 |
100,000 Suncorp factors = 50,000 Velocity Factors |
Card Companies Rewards |
2.5:1 |
100,000 Card Companies factors = 40,000 Velocity Factors |
In the meantime, the direct-earning Velocity bank cards issued by American Categorical present factors on the identical price – and with the identical annual charge – as earlier than their suspension.
This sees the AMEX Velocity Platinum Card providing 1.25 Velocity Factors per $1 spent on most transactions towards a $375 annual charge, and the AMEX Velocity Escape Card offering zero.75 Velocity Factors per $1 spent on most purchases, with no annual charge.
Velocity Factors transfers from BOQ, HSBC, ANZ
Though Financial institution of Queensland’s Q Rewards program falls below the Citigroup umbrella – alongside Citibank Rewards, Diners Membership Rewards, Suncorp Rewards and Card Companies Rewards – the BOQ web site doesn’t presently point out that Velocity Factors conversions have returned.
Govt Traveller contacted each Financial institution of Queensland and Velocity Frequent Flyer to verify whether or not Velocity Factors transfers had been returned according to these different Citigroup adjustments, however neither had supplied a response previous to publication.
Factors conversions from ANZ Rewards and HSBC Rewards Plus stay suspended in the intervening time.
The resumption of Velocity Factors transfers from Citigroup bank cards – and the return of the direct-earning Velocity AMEX playing cards – follows comparable strikes by CBA, Westpac and Virgin Cash final week.
Commonwealth Financial institution and Westpac, Australia’s two greatest banks, restored Velocity Factors conversions from CommBank Awards and Westpac Altitude Rewards, respectively, with Westpac additionally resuming Velocity conversions for Amplify Rewards members of St.George, Financial institution of Melbourne and BankSA.
Likewise, Virgin Cash returned its Velocity Flyer Visa and Velocity Excessive Flyer Visa to the market final week for brand spanking new prospects, after suspending purposes again in April.
Additionally learn: The perfect Virgin Australia Velocity bank card sign-up provides [updated October 2020]
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