What is double dipping?
Double dipping is the process of using your Velocity Points earning credit card to earn Points twice on many of our partner offers. Once with the partner and once with your card when you use it as your payment method. You might feel like you’re gaming the system, but it really is allowed.
How does it work?
When you spend with your Velocity Points earning credit card, you can earn Velocity Points on your everyday spend and the Points will automatically appear in your Velocity account without you having to do a thing. Even better, when you use your card to pay for products or services offered by some of our partners, you’ll also earn the Points available for that purchase (more if the partner has a current Points bonus on offer!) and that’s where your Points earning power can really take off.
For example, use your card when you book a Virgin Australia or partner airline flight, shop online with the Velocity eStore, or link your card to your Ola account and complete a ride with Ola2 and you’ll be surprised how quickly the Velocity Points build up. By using your Velocity Points earning credit card as the form of payment, you’ll earn two lots of Velocity Points for a single eligible purchase.
Think of something as simple as booking a rideshare car. If, for example you’re an American Express Velocity Platinum cardholder and you link your credit card to your Ola account, you’ll earn 1.25 Points per $1 spent for the ride on your card1 in addition to the Points per $1 spent you normally earn for riding with Ola2. So that means you could go from 1 Point per $1 on an everyday ride to up to 2.25 Points per $1… you can thank us from your holiday (we never say no to a cheeky postcard).
Another great way to double dip if you’re signed up to flybuys and have linked your Velocity and flybuys accounts, is to use your Velocity Points earning card when shopping at Coles, Coles Online, Liquorland, Kmart and more. You’ll collect flybuys points every time you scan your flybuys card at participating flybuys partners which you can then transfer into Velocity Points3. This way you will double up by earning Points once for every $1 of eligible spend on your credit card, and once when you transfer your flybuys points to Velocity.
And there you have it – you’re now a master of the double dip! Just keep your credit card chip out of the salsa.
Velocity Points earning credit cards include American Express Velocity Platinum, Escape & Business cards; Virgin Money Virgin Australia Velocity High Flyer and Flyer cards; Bank of Queensland Specialist Velocity Signature & Platinum cards; and Westpac Altitude Platinum and Altitude Black American Express and Mastercard Credit Cards.