How Much Are Velocity Points Worth?
A plain-English guide to what a Virgin Australia Velocity Point is really worth — and how to pick the redemption that gives you the most value.
"How much is a Velocity Point worth?" is one of the most-searched loyalty questions in Australia, and the honest answer is the same as it is for any points currency: it depends on how you redeem it. Velocity is Virgin Australia's frequent-flyer program and the country's second-biggest, so a lot of people are sitting on a balance without a clear sense of what it's actually worth.
Independent 2026 valuations put a Velocity Point at roughly 1.7 cents on average — interestingly, a touch above Qantas Points. But an average hides a wide range: the same point can be worth several cents on a well-chosen reward seat and well under a cent on the wrong redemption. This guide walks through where the value is, and how to decide.
The main ways to redeem Velocity Points
Reward seats
Traditionally the highest value per point, especially premium cabins on Virgin and partner airlines. The catch: reward seats are limited, and the value is only real if you'd have paid cash for that seat.
Flight upgrades
Using points to move up a cabin can deliver strong value when cash upgrade prices are high — but availability is never guaranteed until it clears.
Velocity Store & gift cards
Predictable, everyday value with no seat-hunting or travel dates. The implied value per point is usually lower than a good flight redemption, but it's value you can actually use.
Transfer to KrisFlyer
Velocity points can move to Singapore Airlines KrisFlyer, which opens up different sweet spots. Useful for specific redemptions, but only worth it if you have a plan for them.
So what's a point actually worth?
About 1.7 cents is a reasonable benchmark for planning, but treat it as a rough midpoint rather than a promise. Frequent-flyer blogs love to quote the best-possible cents-per-point on a premium-cabin seat — that's a real number for one specific seat on one specific date, not what your points are worth in general.
The more useful question is: what is this point worth to me, for this redemption, right now? If a redemption costs fewer points than you'd happily pay cash for the same thing, it's a good use of your points — regardless of what a valuation table says.
How to get the most from Velocity Points
- Compare against cash. Look up the cash price of the exact seat or item, then work out the cents-per-point. If it beats what you'd pay in dollars, it's a win.
- Don't chase ceilings you'll never book. A theoretical business-class value means nothing if you'd never actually buy that fare.
- Have a plan before you transfer. Moving points to KrisFlyer is one-way. Only do it for a redemption you're ready to make.
Frequently asked questions
Are Velocity Points worth more than Qantas Points?
On 2026 independent valuations, Velocity sits at roughly 1.7 cents per point versus about 1.6 cents for Qantas — very close, and both vary enormously by redemption. The 'better' currency is whichever one you can actually redeem well for the trips or rewards you want.
Do Velocity Points expire?
Yes — after 24 months of inactivity on your account. Earning or redeeming any point through a long-term activity resets the 24-month clock. Status credits are separate and expire on their own 12-month timeline.
What's the best use of Velocity Points?
Usually a reward seat or upgrade you'd otherwise have paid cash for. Gift cards and the Velocity Store give lower but more predictable value — a solid option for points you'd never get around to spending on flights.
Can I turn Velocity Points into cash or gift cards?
Not cash, but you can redeem for gift cards and merchandise through the Velocity Store. Compare the points price against the cash price of the same card before committing.
Turn points you'd never use into gift cards
Mavitra lets Australians convert loyalty points into gift cards for everyday brands — a practical way to get value from points sitting idle. Points in, gift cards out.
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