Virgin Australia and Singapore Airlines restore ability to earn/redeem/transfer points between programs from 19 July 2022
The ability to transfer your Velocity Points and KrisFlyer miles between programs is due to restart on 19 July 2022!
If you are also a member of KrisFlyer, the loyalty program of Singapore Airlines, you can set up a link between your Velocity Account and KrisFlyer Account and convert Points and Miles between both programs.
For every 1.55 KrisFlyer miles you transfer, you will earn 1 Velocity Point. A minimum transfer amount of 5,000 KrisFlyer miles is required. This is the same rate that applied just prior to the covid-19 crisis (but the minimum transfer has been reduced from 10,000 to 5,000 KrisFlyer miles).
Note that transfers cannot be reversed once made.
You will also be able to redeem Velocity Points for Reward Seats in Economy, Premium Economy and Business Class on the Singapore Airlines network (T&C's and exclusions will apply).
Great news for members of both programs, reopening opportunities that were available prior to February 2020.
It also provides an opiton for holders of larger KrisFlyer balances to "save" miles that are close to expiring, as KrisFlyer miles have a "hard" expiry of 3 years, whereas Velocity points do not expire as long as there is some activity every 2 years. Note that miles transferred cannot be transferred back again. Read More…