To transfer Membership Rewards points for Velocity Points you must be enrolled in Membership Rewards Ascent, Gateway, Premium Ascent, Business Ascent or David Jones Membership Rewards program and be a member of Velocity Frequent Flyer. To receive 15% Bonus Velocity Points or 20% Bonus Velocity Points for Card Members enrolled in Membership Rewards Premium Ascent, you must transfer Membership Rewards points to Velocity between 00:01 AEDT 1 November 2018 and 11:59 AEDT 30 November 2018 (Promotion Period).
A minimum of 2,000 Membership Rewards points must be redeemed for Velocity Points at any one time during the Promotion Period and must be in whole numbers. The redemption of Membership Rewards points will be administered solely by American Express and will take up to 3 business days to transfer into your Velocity Account and is subject to the Terms and Conditions of the American Express Membership Rewards program in which you are enrolled, available at Membership Rewards Terms and Conditions.
The Bonus Velocity Points will be administered by Velocity Frequent Flyer and will also take up to 3 business days to transfer into your Velocity Account. Bonus Velocity Points are calculated on the total number of Membership Rewards points transferred to the Velocity Account in accordance with the offer. Once the Membership Rewards points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms and Conditions
and cannot be reversed. To earn and redeem Velocity Points you must be a Velocity member. Velocity Membership and Points earn and redemption are subject to the Velocity Membership Terms and Conditions as amended from time to time, available at velocityfrequentflyer.com.