What is the ANZ Rewards to Velocity Frequent Flyer transfer ratio?

The current ratio is 2:1, so 10,000 ANZ Rewards converts to 5,000 Velocity Frequent Flyer points.

Can I transfer Velocity Frequent Flyer points back to ANZ Rewards?

No. Points transfers are one-way and can't be reversed, so only move points across once you've found award space you intend to book.

How long does a ANZ Rewards to Velocity Frequent Flyer transfer take?

It varies by program — some transfers post almost instantly, others take anywhere from a few hours to several days. Because of that delay, never transfer speculatively against an award seat you haven't confirmed is bookable.

Is there a minimum transfer amount?

Yes — the minimum is 2,000 ANZ Rewards per transfer. Transfers typically move in set increments, so check the exact step before you start.

ANZ Rewards → Velocity Frequent Flyer

Last updated 14 June 2026

Ratio

2 : 1

Current bonus

None

Minimum transfer

2,000 pts

10,000

ANZ Rewards

5,000

Velocity Frequent Flyer points

Transfer calculator →Best cards for Velocity →Source

Is it worth transferring?

ANZ Rewards transfers to Velocity Frequent Flyer at 2:1, so factor the conversion in when you compare it against other ways to use your points. There's no transfer bonus on this pair at the moment — if you're not in a hurry, it can pay to wait for one.

The golden rule with any points transfer: only do it once you've found award space you can actually book. Transfers are one-way and can take time to land, so converting speculatively risks stranding your points in a program where you can't use them. Search availability first, hold the seat if the program lets you, then transfer the exact amount you need.

What you can do with Velocity Frequent Flyer points

Domestic and trans-Tasman Reward Seats run off Virgin Australia's own zone tables. The real prizes are partner redemptions — Qatar Qsuite business class and Singapore Airlines seats in particular — which are priced on partner-specific tables and often need to be booked by phone rather than online.

→Qatar Airways Qsuite business class to Doha and onward to Europe — one of the standout premium redemptions available to Australians.
→Singapore Airlines awards through the Velocity–KrisFlyer partnership, opening Star-style availability without a KrisFlyer balance.
→Short domestic Reward Seats on Virgin metal, which sit in the cheapest zones.

Velocity guide →Award flights →

Cards that earn ANZ Rewards

ANZ Rewards Black Credit Card2 pt/$
ANZ Rewards Platinum Credit Card1.5 pt/$

All credit cards →

Frequently asked

What is the ANZ Rewards to Velocity Frequent Flyer transfer ratio?: The current ratio is 2:1, so 10,000 ANZ Rewards converts to 5,000 Velocity Frequent Flyer points.
Can I transfer Velocity Frequent Flyer points back to ANZ Rewards?: No. Points transfers are one-way and can't be reversed, so only move points across once you've found award space you intend to book.
How long does a ANZ Rewards to Velocity Frequent Flyer transfer take?: It varies by program — some transfers post almost instantly, others take anywhere from a few hours to several days. Because of that delay, never transfer speculatively against an award seat you haven't confirmed is bookable.
Is there a minimum transfer amount?: Yes — the minimum is 2,000 ANZ Rewards per transfer. Transfers typically move in set increments, so check the exact step before you start.

Related transfers

Other ways to get Velocity Frequent Flyer points

NAB Rewards 2:1 Westpac Altitude Rewards 3:1 CommBank Awards 2:1 Citi Rewards (Australia) 2:1

Other places ANZ Rewards transfers to

KrisFlyer 3:1 Asia Miles 3:1 Airpoints 200:1

Find the seat first, then transfer — how moving flexible points to airlines really works.

Amex Membership Rewards in Australia: the flexible points hub

The flexible currency that feeds many programs — hold, then transfer only when you find a seat.

Velocity Points sweet spots: the best redemptions

Qsuite, Singapore via KrisFlyer and cheap domestic seats — where Velocity Points deliver most.

How to earn Velocity Points without flying

Most Velocity Points come from the ground — Flybuys, cards and bonuses, used well.

Transfer ratios and bonuses change frequently. Confirm the current ratio with ANZ before transferring — transfers are usually one-way. See our methodology.