Singapore Airlines KrisFlyer and Virgin Australia Velocity Announce Conversion/Transfer Rates

Singapore Airlines KrisFlyer and Virgin Australia Velocity have now announced their conversion rates for their new partnership.

Singapore Airlines KrisFlyer and Virgin Australia Velocity Announce Conversion Transfer Rates

As announced back in September Singapore Airlines KrisFlyer and Virgin Australia Velocity have now announced the miles conversion rates for thew programs

The Transfer/Conversion Rates

The conversion/transfer rates are as follows:

Virgin Velocity (1.35) => Singapore Krisflyer (1.0)
Singapore Krisflyer (1.35) => Virgin Velocity (1.0)

Whilst I was hoping that these rates would be 1 to 1 I guess it’s expected that they were not going to be, but overall they aren’t bad considering the benefits this offers.

How to Transfer/Convert Your Velocity or KrisFlyer Miles

 

For KrisFlyer Members:

1. Login
Login to your KrisFlyer membership account and go to ‘My profile’ – ‘My loyalty programmes’.

2. Link
Select ‘Virgin Australia – Velocity’ from the dropdown list and key in your Velocity Frequent Flyer number. After which, select ‘Link’ to link your accounts.

3. Convert
Go to ‘My miles’ – ‘Convert miles’ and enter the number of Miles you would like to convert to Velocity Points, or the number of Velocity Points you would like to receive.

A minimum of 5,000 KrisFlyer Miles is required for each conversion. Please note that all Miles converted cannot be reversed.

For Velocity Members:

Australian Business Traveller has done a decent job with a guide so I’m going to point you there:

How to convert Velocity frequent flyer points into KrisFlyer miles

Singapore Airlines has provided a promotion page including the how-to for transfers.  Virgin Australia has updated its terms and conditions:Points Transfer Airlines

The Advantages and Disadvantages of the Conversion/Transfer Option

I wrote about this previously when the conversion/transfer was first announced here.  But in general terms this is going to benefit Virgin Australia Velocity members more than the average KrisFlyer member.  Mainly because for Velocity members it’s opining up a great range of redemption options, and secondly because in order to be a Virgin Australia Velocity member you need to be a resident of either Australia, New Zealand or the Pacific Islands.