Enter your Velocity Points balance and see its real dollar value across the redemption menu - gift cards at the bottom, well-chosen reward flights at the top.
Earning side: the best Velocity credit cards, plus the free feed - Flybuys converts at 1,000 points to 500 Velocity. Deciding between programs? Velocity vs Qantas Points.
Common questions
How is a Velocity point’s value calculated?
The same way: the dollar value of a redemption divided by the points it costs. Virgin Australia reward seats usually return the most value; gift cards return the least.
Are Velocity points worth more than Qantas points?
It depends entirely on how you redeem them. See Velocity vs Qantas points for a direct comparison.
How to value a Velocity balance
Same principle as any loyalty currency: a Velocity Point is worth what you redeem it for, and the menu ranges from poor to genuinely good. The formula is what you would have paid in cash, minus what you still pay in cash, divided by the points spent:
(cash price - cash still payable) / points used x 100 = cents per point
Gift cards and the Velocity Store sit at the bottom of that range. Reward seats, booked on a route where the cash fare is genuinely high, sit at the top. The calculator shows both ends so you can see the spread rather than a single averaged figure that hides it.
A worked example
A $50 gift card for 10,000 points is 0.5c per point. A reward seat that would have cost $340 in cash, priced at 15,500 points plus $55 in taxes, is (340 - 55) / 15,500 = 1.84c per point - roughly three and a half times better for the same points.
On a 100,000 point balance that is the difference between about $500 and about $1,800 of value. This is the single biggest lever in the whole exercise, and it costs nothing but a few minutes of searching.
The free feed most people miss
Velocity has an unusually good on-ramp from supermarket shopping. Flybuys converts to Velocity at 1,000 Flybuys points to 500 Velocity Points, which means a grocery shop you were doing anyway quietly tops up an airline balance. If you shop at Coles and fly Virgin, that link is worth setting up once and forgetting about.
Other feeds convert in too - the current ratios are in the points converter. Check the ratio before transferring, because conversions are one-way and a bad ratio permanently destroys value.
When the answer changes
- Sale fares. If the cash fare is discounted, your cents-per-point on a reward seat drops accordingly. Measure against the price you would actually have paid.
- Family pooling. Points split across household accounts may individually be too small to redeem well. Pooling can lift the whole balance into a better redemption band.
- Expiry. Velocity points lapse after a period of account inactivity. Any earning or redeeming activity resets the clock - a small purchase is enough.
- Status runs. If you are chasing status rather than value, cents per point is the wrong metric entirely.
Common questions
What is a Velocity Point worth?
Roughly half a cent at the bottom of the menu and a few cents at the top. There is no single correct figure, which is the point of the calculator.
Do Velocity Points expire?
They lapse after an extended period with no account activity. Earning or redeeming anything resets it, so an occasional small transaction keeps a balance alive.
Is it worth converting Flybuys to Velocity?
If you fly Virgin, generally yes - it turns grocery spend into airline points at no extra cost. If you do not fly Virgin, the Flybuys points are usually better used as Flybuys dollars.
Which card earns Velocity fastest?
See the best Velocity credit cards, and run your own spend through the card worth-it calculator before paying an annual fee for a higher earn rate.
