Velocity Points Calculator

With a Reward Me Home Loan you get more than competitive rates. You'll earn Velocity Frequent Flyer Points1 on settlement2, monthly5 as you pay down your loan and even more Points every 3rd year3 just to say thanks for sticking with us.

How many Velocity Frequent Flyer Points could you earn?

  1. Step 1
  2. Step 2 (optional)
  3. Results
  1. Loan amount
  2. Simulation term
    • Split loan means you split your borrowings into more than one loan. The calculator assumes a maximum of 2 loans.
Take out other Virgin Money products to boost your Velocity Points (optional)
  1. On retail purchases14, earn 0.66 Velocity Points per $1 spent, up to $1,500 per statement period, then 0.5 Velocity Points per $1 spent. Minimum income of $35,000 & minimum card credit limit of $6,000 required for this product. Credit assessment criteria apply.
    On retail purchases14, earn 1 Velocity Point per $1 spent, up to $8,000 each statement period, then 0.5 Velocity Points per $1 spent. Minimum income of $75,000 & minimum card credit limit of $15,000 required for this product. Credit assessment criteria apply.
Velocity Points earned over the first
    What you need to know

    Assumptions: Calculations correct as at 30 November 2018. You maintain an overall home loan balance of greater than $50,000 (net of any balances held in a linked offset facility) over the specified term and continue to meet our eligibility criteria; Velocity Points calculations for credit card spend are based on retail spend only and do not include additional Points that you could earn if you spend with Virgin Australia; stated monthly credit card spend remains constant over the stated period; you do not cancel any selected insurance products before the applicable minimum policy holding period; our Velocity Points earn rates for the above products do not change over the term.

    Settlement Velocity Frequent Flyer Points are paid in $10,000 increments and Anniversary Velocity Points are allocated within 6 weeks of your 3rd anniversary and every 3 years thereafter. Velocity Points will be credited to the Primary borrowers Velocity Account only, up to 60 days after settlement. For more information on terms and conditions for the Reward Me Home Loan Loyalty Program please click here. The Velocity Calculator does not display any additional bonus Velocity Points you may be eligible for if you take out a Virgin Australia Velocity Flyer credit card and meet any associated offer conditions. We reserve the right to change or remove the Velocity Points rewards from the Virgin Money Reward Me Home Loans at any time in line with our Terms and Conditions.

    Where could you fly with your Velocity Points?20

    89,600 Points + $158.26 Taxes, Fees & Carrier Charges

    Return, Economy Sydney to Los Angeles

    35,600 Points + $264.38 Taxes, Fees & Carrier Charges

    Return, Economy Brisbane to Nadi, Fiji

    119,000 Points + $164.85 Taxes, Fees & Carrier Charges

    Return, Business-Class Melbourne to Hong Kong

    How do you earn Velocity Points?

    With the Reward Me Home Loan, you don’t just earn Velocity Points upfront, you’ll earn Points for the life of your loan – now that’s refreshing.


    10,000 Points for every $100,000 drawn on settlement.2

    1,000 Points per month

    A further 1,000 Velocity Points every month (per loan account).5

    30,000 Points every 3rd year

    Receive 30,000 Velocity Points every 3 years3 you are a continuous Reward Me Home Loan customer, when your loan balance remains above $50,000.

    Get started today

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