Get Velocity Points when you buy a home.^
With a new Premier Advantage Package receive
500,000 Velocity Frequent Flyer Points for home loans $1m and over^
200,000 Velocity Frequent Flyer Points for home loans $250k and over^
Now that’s something to write home about.
Applications submitted between 1 October 2018 to 31 January 2019, and settled by 31 March 2019. $395 annual package fee. Excludes Equity Access Loans and refinances.
Packaged home loans include an interest rate discount, no annual credit card fee and more, for a $395 annual package fee.
Premier Advantage Package awarded the 5-star Canstar rating 2018 for Outstanding Value.
A 100% Offset account available with our packaged variable rate home loans.
Use Velocity Frequent Flyer Points with Virgin Australia or their alliance partners to reach over 600 worldwide destinations.
Select to explore where the Velocity Points could take you:
Premier Advantage Package
- Discounts on a range of standard variable and fixed rate home loans.
- Includes no monthly service fee on your accompanying Westpac Choice account.
- Includes no loan maintenance, increase, portability or switching fees (excluding switches to a non-package loan).
- Includes no annual credit card fee on selected cards, other fees and charges may apply.
- Discounts on selected insurance products.
Once your home loan has settled, Westpac will send you an email and/or SMS with your unique digital code and instructions on how to claim your Velocity Points. You will have 60 days from when your loan settles to claim your Velocity Points.
It’s important to remember, you will need to be a member of the Velocity Frequent Flyer program to be able to claim the Velocity Points. If you are not a Velocity Frequent Flyer member, you can join here at no extra cost.
Velocity Points will be deposited into your Velocity Frequent Flyer account within 21 days of your claim being processed. You will receive confirmation from Velocity once your applicable Velocity Points have been deposited to your account.
If you have not received an email and/or SMS with your unique digital code from Westpac within 7 days of your loan settling, please contact your local Home Finance Manager or our Customer Care team on 1300 650 105. You will be able to obtain an update on the status of your Velocity Points.
If you have not received your Velocity Points within 21 days of your claim request, please contact your local Home Finance Manager or our Customer Care team on 1300 650 105. You will be able to obtain an update on the status of your Velocity Points.
Yes, you can redeem the Velocity Points on fuel, hotel stays or products and gift vouchers. For more information on redeeming Points, visit here.
Things you should know
Credit criteria, fees and charges apply. Terms and conditions available on request. Based on Westpac's credit criteria, residential lending is not available for Non-Australian Resident borrowers. This information has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice. This includes any tax consequences arising from this promotion and customers should seek independent advice on any taxation matters.
Premier Advantage Package Conditions of Use and $395 annual package fee applies. Interest rate discount for packaged loans is based on loan type and amount. You must either hold or be approved for a Westpac Choice transaction account in order to qualify and continue to receive the benefits of the Premier Advantage Package.
^200,000/500,000 Velocity Points offer available for new home loans taken as part of the Premier Advantage Package with a minimum loan size of $250,000/$1,000,000, respectively. Offer is valid for applications submitted and approved between 1 October 2018 to 31 January 2019 and settled by 31 March 2019. Offer may be varied or withdrawn at any time. Offer not available in conjunction with the $1,250 Refinance Rebate. Excludes all refinances including internal refinances or switches from Westpac, St.George, Bank of Melbourne, BankSA and RAMS. Excludes Equity Access loans. Not available to company and trust account holders. The Velocity Points will be issued to the first person on the application form (Primary applicant). Only one Velocity Points home loan offer can be taken up by the Primary applicant within a 12 month period. Primary applicant must be a member of the Velocity Frequent Flyer program to receive the Velocity Points. The Velocity Membership Terms and Conditions apply. For more information on the Velocity Frequent Flyer program, visit velocityfrequentflyer.com. Velocity Points must be requested by the Primary applicant within 60 days of the loan settlement date. Velocity Points will be applied to the Primary applicant’s Velocity Frequent Flyer membership account within 21 days of the request. The credit material in this promotion has been prepared by Westpac.
*The quoted redemption fares are correct as at 20 September 2018 and are subject to change. Fares are subject to availability, and seats are limited and may not be available at peak times or on all flights. Price is based on a one way economy Reward Seat fare and must be booked on the Velocity website. Taxes, fees and surcharges are payable in addition to Velocity Points redeemed. Any taxes or fee components are not eligible for Points earn. Price may vary until ticketed. All payments made on the internet or on the phone via debit/credit card are subject to a payment surcharge between 0.6% to 1.3% of the total value of the card transaction (capped at $40 for domestic and $70 for international, per passenger per booking). For Rewards Seat bookings on Etihad Airways operated flights, an Etihad Airways Carrier Charge will apply, refer more information here. Add $40 or 5,200 Points for domestic and international short haul bookings or $70 or 8,800 Points for international long haul booking per person for bookings made on the phone. A checked baggage allowance is included in your fare, refer Reward Seat Baggage Allowances for details. Name changes are not permitted. Other changes, refunds and cancellation are permitted prior to travel and may incur a fee and any applicable fare difference. You may also be entitled to a refund under the Australian Consumer Law in certain circumstances. Refer the Velocity Rewards Seat fare rules for more information. Some flights may be operated by a partner airline. Different baggage allowances and conditions may apply to these flights. Full terms and conditions at velocityfrequentflyer.com