September is almost here, and for some AFL fans, that could mean packing a bag and following their team across the country.
Whether it's a qualifying final in Perth, a prelim in Adelaide or a spring getaway after the siren sounds, the cost of those trips can add up quickly. If you've been building up rewards points from your bank without a plan for using them, now could be the best chance you have all year to put them to work.
This August, Virgin Australia's Velocity Frequent Flyer Bonus Transfer campaign has been brought forward ahead of expected changes to Australia's payments landscape.
From October 1, the Reserve Bank of Australia's payment reforms are expected to take effect. Banks are expected to review their rewards programs, which could result in changes to earn rates, transfer ratios or bonus offers over time. Exactly how each bank responds remains to be seen, but with changes expected from October, now is a good time to make the most of the rewards points you've already earned.
For members with rewards points through ANZ, NAB, American Express, BOQ or MyCard, there's an added incentive to transfer now. Manually transferring your rewards points once in August and once again in September will earn you a 15% bonus in Velocity Points. Prefer to set and forget? Eligible ANZ, NAB, BOQ and MyCard customers can opt into Auto-Transfer and receive a 20% Velocity Points bonus.
Not with one of the participating banks? The broader message is still the same. With the rewards landscape expected to change, it's worth taking stock of the points you've already built up and considering whether transferring sooner rather than later makes sense for you.
Whether you're planning to follow your team to an interstate final or simply locking in flights for your next getaway, converting your bank rewards points to Velocity Frequent Flyer Points can stretch a lot further than you realise. If your club earns a September trip across the country, extra Velocity Points could help soften the cost of getting there, and if your season ended a little earlier than planned, consider it the perfect excuse to trade finals heartbreak for a well-earned holiday instead.
With Virgin Australia's Velocity Bonus Transfer campaign running earlier than usual ahead of the anticipated October changes, now is the time to check whether your bank is participating before the campaign closes.
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