Singapore Airlines and Virgin Velocity now allow you to swap miles back and forth

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• Danny says:

  21 Nov21 November 06:20

  Only snag is that Velocity membership is only officially available to residents of Australia, New Zealand and a few other South Pacific countries. Of course, you could always use a hotel address. But if membership is limited to those countries, I don’t know whether they’d accept credit cards from elsewhere to pay for the taxes on any redemptions.

  • Rob says:

    21 Nov21 November 09:31

    Amex cards do not have a ‘geography test’ so you can always use those in such situations

• Andy says:

  21 Nov21 November 06:32

  The conversion rate is 1.35 VFF to 1.0 KF or 1.35 KF to 1.0 VFF. Effectively it’s a 35% charge for moving the points either way (so not like transfers between BA/IB/Avios).
  Many Australians seem to be pleased that Velocity points can now be moved to access aspirational SIA redemptions given that Velocity points are relatively easy to accumulate here.
  Howver, there are quite a few circumstances where Velocity points are more useful especially as the taxes component on VF redemptions is usually lower than KF.
  Also VF points don’t have an expiry date.

• Henry says:

  21 Nov21 November 09:07

  Is this an opportunity to stop Krisflyer miles from expiring?

  As Andy has pointed out above, there is a 35% “tax” for the transfer each way, so if one transferred out then back in it would result in only having 42.25% of the original miles, but if the miles were about to expire, you would be avoiding a 100% tax.

  • Rob says:

    21 Nov21 November 09:24

    Interesting idea. You would need an Australia or New Zealand made up address to open a Velocity account.

  • pauldb says:

    21 Nov21 November 09:32

    Maths is wrong. It’s a 26% haircut, and if done twice you’d retain 54.9%.

• Lady London says:

  22 Nov22 November 01:52

  Wonder if you can transfer from Atlantic to Velocity?

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