While some Velocity redemptions are temporarily on pause, Bank of Melbourne has made the decision to temporarily suspend the ability to transfer new redemption requests of Amplify points to Velocity. Bank of Melbourne customers already set up with Velocity Auto-Redemption will continue to have their points redeemed on a monthly basis.
Transferring your Bank of Melbourne Amplify points to Velocity
Bank of Melbourne Transfer Rates
2 Amplify points = 1 Velocity Point
(Minimum of 3,000 Amplify points is required to transfer, with additional increments in multiples of 500 Amplify points at the time).
Take a look at our credit card options below. If your card is listed, you can transfer your existing Amplify Points to your Velocity account today.
Terms & Conditions:
Credit card applications are subject to Bank of Melbourne's normal lending criteria. Terms and conditions and fees and charges apply and are available on request at any Bank of Melbourne branch or amplify.bankofmelbourne.com.au the features of the Amplify Card may change. Amplify Cards are issued by Bank of Melbourne – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Amplify Rewards program is offered by Bank of Melbourne and allows the earning of Amplify Points by use of a linked Amplify card subject to the Amplify Rewards Terms and Conditions. Individuals must be an Amplify cardholder and Velocity Member. These Terms and Conditions set out when you do not earn Amplify Points, including on cash advances. Membership of Velocity is the cardholders' responsibility and is subject to the Velocity Membership Terms & Conditions as amended from time to time. To redeem Amplify Points, the cardholder must register (by calling 1300 490 641 or at amplify.bankofmelbourne.com.au) their Velocity Membership Number prior to their first redemption. Subsequent transfers can be done over the phone or online. The redemption of Points will be administered solely by Amplify Rewards and will take up to 3 business days for your new Velocity Points to reach your Velocity Membership Account from the date of redemption. Once Amplify Points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms & Conditions and cannot be reversed.
Set up Velocity Auto-Redemption online or by calling 1300 600 266. Once set up, each month your entire Bank of Melbourne Amplify Points balance will be transferred to your nominated Velocity Frequent Flyer Account on your credit card statement cycle date. A minimum of 2 Amplify Points is required before points can be transferred. Please allow 3 business days for the processing of the transfers. You will receive 1 Velocity Point for every 2 Amplify Points. You must be a Velocity member to redeem Amplify Points for Velocity Points and your name, as it appears on your Velocity Account, must match the primary cardholder's name on your Amplify Rewards account. For joint cardholders, the name of the Velocity member must match the first listed Account Owner's name. Velocity Auto-Redemption is a variation to the Amplify Rewards Terms and Conditions and allows you to convert your Amplify Points to Velocity Points for less than 3,000 Amplify Points. The redemption of Amplify Points is otherwise subject to the Amplify Rewards Terms and Conditions. You will not receive points if your card account is in arrears for 2 consecutive statement cycles and in other circumstances. Once Amplify Points have been transferred, they are governed by the Velocity Membership Terms and Conditions and cannot be reversed.