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If there’s one thing you can say about Sir Richard Branson, it’s that he doesn’t do anything by halves. In fact, he just announced that he would be giving away his entire account of 1,035,843 Virgin Australia Velocity Rewards points to one lucky member of Velocity Rewards. Just note, you must enter by 11:59pm AEDT on February 14 (that’s 8:00am Eastern Time in the US).

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Before you start planning your getaway down under, however, this contest is just for Australian or New Zealand members of Velocity Rewards (well, you pretty much have to be from either place to join the program).

The contest is being run on Twitter, and to enter, you must tweet the first three digits of your Velocity Frequent Flyer number along with the hashtag #WinRichardsPoints and your tweet must include the answer to the following question: “What would you do with Richard Branson’s Velocity Frequent Flyer points?”

Per the terms & conditions, “The most creative entry as determined by the judges in their sole discretion, will win 1,035,843 Velocity Frequent Flyer Points, to be transferred to the winning entrant’s existing Velocity Frequent Flyer account (“Prize”) expressed in the entry.”

Per the points table, a million Velocity Rewards miles  would get you from Sydney or Melbourne to LA and back in business class about five times, or about three roundtrips in business class between New York and Singapore.

So for all you TPG readers down under, I hope you have a moment to enter today, and I can’t wait to get to Australia myself for a few days – I’m on my way!

Chase Sapphire Preferred® Card

With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

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More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
Recommended Credit
Excellent Credit

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