mrriesq, I have just become a member of Velocity. One of the reasons I joined is because my family of four are going to Ireland in a few months time and we should get about 20000 points. I usually don't bother with fly-buys anymore because after years of pulling out my card, I still didn't have enough for even a Coles gift voucher. I wish they would stop asking me if I have one to be honest.
However, my main reason for joining Velocity is the fact that you can transfer your Commonwealth Visa rewards points to your Velocity account 2:1. As I use my Visacard for just about anything, and you get 1 point for every dollar spent, the points should soon stack up for another decent holiday.
Perhaps they have some sort of reciprocal arrangement with the CBA already.
VBA Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held