ALERT! If you are a Virgin Velocity member who regularly converts your points to KrisFlyer, or vice versa, you might want to convert all of your points urgently before January 1st 2019.
There will be a new conversion rate come January and members are set to be 13% worst off!
Current conversion rate = 1.35 KrisFlyer = 1 Velocity
NEW conversion rate = 1.55 KrisFlyer = 1 Velocity
To put this into perspective, you currently need 28,000 KrisFlyer points to redeem an economy class flight between Melbourne and Singapore. That equates to 37,800 Velocity points. Come 2019, that figure will increase to 43,400 Velocity Points.
Don’t we all love devaluations?!