Commonwealth Awards welcomes Velocity Awards

12 September 2008

The Commonwealth Bank today announced that it has enhanced its credit card Awards program through the addition of Velocity Rewards,the loyalty program of Virgin Blue.

The partnership with Velocity Rewards gives Commonwealth Awards members the opportunity to transfer their Commonwealth Award points to Velocity Rewards. Members will be able to redeem for any available seat, any flight, any time with Virgin Blue and Velocity’s Partner Airlines; as well as car hire, accommodation, entertainment and more.  Velocity Rewards is an exciting addition to the wide range of Awards partners and choices already available through the Commonwealth Awards program.

Stephen Karpin, Executive General Manager, Credit Cards said, “We are delighted to have the Velocity Rewards program available to our credit card customers as it provides them with another option to the substantial number of awards already available”.

“We will continue to develop our credit card products and award program offerings to ensure that we offer our customers the best range of products available in the industry.  We are determined to lead the industry and this approach has been substantiated through Cannex recognising 23 of our products with Gold Star ratings and Money Management’s recognition of the Commonwealth Bank as their 2008 Bank of the Year.”

Commonwealth Awards customers wishing to transfer their Commonwealth Awards points to Velocity Rewards should be a current Velocity Member, and can join for free by applying online at

If customers transfer their Commonwealth Awards points to Velocity before midnight 30 November 2008, they will receive an additional 25% bonus Velocity Points.

Customers seeking additional information can access the Commonwealth Awards website or Service Centre on 13 16 61 between 8.00 am and 8.00 pm, Monday to Friday.

Velocity is operated by Velocity Rewards Pty Ltd as trustee of the Loyalty Trust.  Membership of Velocity is subject to the Velocity Membership Terms & Conditions, available at




For more information, please contact:

Steve Batten
Media Adviser
02 9378 2504