Velocity Points Calculator

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

 

Plus, check out how you could supercharge your Velocity Points balance with our insurance and credit card offers - exclusive for Reward Me Home Loan customers. Use our calculator below to see how many Points you could earn.

Assumptions: Calculations correct as at 15th June 2017. 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; 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.

How do you earn Velocity Points?

Settlement

Welcome to Virgin Money. Go from home loan to holiday with 10,000 Velocity Frequent Flyer Points for every $100,000 drawn at settlement2. For example, borrow $500,000 and we'll reward you with 50,000 Velocity Points after settlement.

Monthly

Earn a further 1,000 Velocity Points every month5 (per loan account). For example, if you have your borrowings split into a fixed and a variable loan, then you will earn 2,000 Velocity Points per month.

Anniversary

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 (we'll pay the Velocity Points once per primary customer regardless of the number of loans held). It's just our way of saying thanks for being a great customer and for sticking with us.

Bundle

Bundle your home loan with even more benefits and reward yourself with exclusive Virgin Money offers, just for home loan customers. See how you could supercharge your Velocity Points balance with one of our insurance products or a Virgin Australia Velocity Card with half the annual fee for the life of your home loan.

Where can I fly20?

  • Where can you go with 25,000 Velocity Points?
    From To Points
    One-way, Economy Adelaide
    Nadi, Fiji
    From 22,300 Points + $97.36 Taxes & Fees
    One-way, Economy Brisbane
    Denpasar, Bali From 22,300 Points + $82.45 Taxes & Fees
    One-way, Economy Melbourne
    Nadi, Fiji
    From 22,300 Points + $79.95 Taxes & Fees
    One-way, Economy Perth
    Sydney
    From 17,800 Points + $17.47 Taxes & Fees
    One-way, Economy Sydney
    Nadi, Fiji From 17,800 Points + $84.42 Taxes & Fees
  • Where can you go with 50,000 Velocity Points?
    From To Points
    One-way, Economy Adelaide
    Los Angeles, USA From 44,800 Points + $119.26 Taxes & Fees
    One-way, Economy Brisbane
    Los Angeles, USA From 44,800 Points + $104.35 Taxes & Fees
    One-way, Economy Melbourne
    Los Angeles, USA From 44,800 Points + $101.85 Taxes & Fees
    One-way, Economy Perth
    Nadi, Fiji
    From 27,800 Points + $100.30 Taxes & Fees
    One-way, Economy Sydney
    Los Angeles, USA From 44,800 Points + $106.32 Taxes & Fees
  • Where can you go with 100,000 Velocity Points?
    From To Points
    One-way, Business Adelaide
    Hong Kong From 71,500 Points + $97.36 Taxes & Fees
    Return, Economy Brisbane Honolulu From 70,000 Points + $145.30 Taxes & Fees
    Return, Economy Melbourne Phuket From 70,000 Points + $144.19 Taxes & Fees
    Return, Economy Perth Colombo From 70,000 Points + $174.76 Taxes, Fees & Carrier Charges
    One-way, Economy Sydney Munich From 75,000 Points + $90.22 Taxes, Fees & Carrier Charges
  • Where can you go with 200,000 Velocity Points?
    From To Points
    Return, Business Adelaide
    Hong Kong
    From 143,000 Points + $186.97 Taxes & Fees
    Return, Business Brisbane Male, Maldives
    From 184,000 Points + $187.62 Taxes & Fees
    Return, Business Melbourne
    Hong Kong From 119,000 Points + $151.95 Taxes & Fees
    One-way, Business Perth Frankfurt From 121,000 Points + $85.41 Taxes, Fees & Carrier Charges
    Return, Economy Sydney Amsterdam
    From 150,000 Points + $157.44 Taxes, Fees & Carrier Charges

*The Points prices displayed are correct as at 16 March 2017 and are subject to change. Redemption bookings are subject to availability and to the Velocity Membership Terms and Conditions and must be booked at velocityfrequentflyer.com. Taxes, fees and surcharges are payable at the time of booking. Taxes vary depending on carrier, city pair, fare class date and time of booking. A card payment fee may apply.

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