Earn Velocity Points on fuel spending

This article was published some time ago and content may be out-of-date.  Airlines are continually changing their loyalty programs. Always double-check with the airline. 

VelocityPoints Earn Guide

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Earn Velocity Points for fuel spending

Velocity members can now earn Velocity Points directly at BP service stations when purchasing fuel.

It’s a simple deal, requiring only the swipe of your Velocity Frequent Flyer card when paying for your fuel. The arrangement also allows you to pay for fuel directly with Velocity Points. More on this a little later.

BP’s network is much larger than Qantas Frequent Flyer’s Woolworths-Caltex servo location-count, with over 1,000 outlets participating.

How it works

Earning

You’ll earn 2 Velocity Points per litre of fuel purchased at BP service stations. The limits are rather generous at 150 litres per transaction. No minimum spend is required. A further 2 Velocity Points are available on in-store purchases, up to $100.

From time-to-time Velocity offer fuel-earn promotions and bonuses, enhancing your fuel earning capacity. These include double points offers (e.g. earn 4 Velocity Points per litre instead of the usual 2), which are usually sent to you via email.

As we touched on above, to earn Points, all you’re required to do it scan your Velocity Frequent Flyer membership card when paying at the BP counter.

Redeeming

To redeem your existing Velocity Points balance for fuel, you must set-up a Velocity card PIN in your online account and select a BP in-store redemption option (ranging from $10 and $60). By default, a $10 redemption value is set, which costs 1,667 Velocity Points. All denominations hold a $0.60 redemption value per point, which is at the lowest end of the redemption scale, so think carefully when opting-in to the feature. Read our guide on how to get the best value from frequent flyer points.

Value analysis

If you already fill up your car at BP servos and have no intention of switching to Woolworths supermarkets, or you’re squarely looking at flights and upgrades, the Velocity-BP partnership may be your best bet. It yields a larger number of points, which boosts your award flight redemption. For example, guzzling 100L/week (at $1.25/L) will take about nine months to earn a one-way economy flight from Melbourne to Adelaide (+$25.50 in taxes). This flight has a redemption value of about $110 (a Guide Redemption Value of 1.4c/ point).

Read more in our Velocity vs Qantas fuel partnership article, here.

Earn even more with a Velocity Rewards credit card

You can earn even more points on top of the BP – Velocity partnership when you pay for servo purchases using a Velocity Rewards credit card. Several cards offer valuable Points earning rates for fuel, allowing you to build your Velocity points balance at the pump.

If you consume a significant amount of fuel, it could be well worth investigating the potential to earn points with a rewards credit card in addition to the standard fuel-earn partnerships mentioned above.

This not financial or credit advice. It does not take into account your individual financial situation. Please seek the advice of an appropriately qualified professional before making a decision on any financial/ credit product.

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