Anyone else seen this new (I think) offer for status credits with Velocity?

Anyone else seen this new (I think) offer for status credits with Velocity?

As an exclusive offer, you have the chance to boost your Status Credit balance simply by transferring your existing credit or charge card points to your Velocity Account.

Transfer the equivalent of 100,000 Velocity Points or more from one of the participating partners below by 30 June 2014 and you’ll receive 300 Status Credits*.

A boost in Status Credits could help you maintain Platinum membership or bring you closer to even more exclusive benefits, such as gifting Gold membership to the companion of your choice^.

Hurry, this exclusive offer is available for a limited time only.

This message is being sent to you by Velocity Rewards Pty Ltd ABN 98 116 089 448 of PO BOX 1034 Spring Hill 4004. You have received this message because you are a member of Velocity Frequent Flyer and are subscribed to Other Partner Offers.

To unsubscribe from Other Partner Offers only, click here. To view a full list of the types of emails you are currently subscribed to or to manage your subscription preferences, login to your Velocity Account and go to My Preferences. Please do not reply to this email.

Terms and Conditions

*Status Credit offer only available to Velocity Frequent Flyer members who are the named recipient of this email and who transfer the minimum points requirement, in one single transfer, from one of the participating bank partners to their Velocity Account between 16 and 30 June 2014. Multiple or accumulative transfers from one or more partners will not be eligible for the bonus. This Status Credits offer is based on your membership level as at 16 June 2014, should your membership level change during this promotional period, the Status Credits awarded upon an eligible transfer will be as per the amount stated in this email. Please allow up to 4 weeks for the Status Credits to be awarded to your Velocity Frequent Flyer Account. This offer is not applicable or valid in conjunction with any other advertised or promotional offer and is non-transferable. The Status Credits will be awarded once, and only to the Velocity member who received this email, upon transferring the required number of points to their Velocity Account. Points transfers available to Velocity members only and with participating Card Partners only. The earning and redemption of Card Partner points is subject to the Terms and Conditions of the Card Partner reward program. Once Card Partner points have been redeemed for Velocity Points, they are governed by the Velocity Membership Terms and Conditions and cannot be reversed. Transferred Points will be available in your Velocity Account subject to the Partner Points transfer timeframes. The Status Credits offer is only available with ANZ Rewards credit card accounts, Commonwealth Bank Awards credit card accounts, ANZ Business One Visa Rewards accounts and Australian American Express Card holders, including David Jones American Express Card holders enrolled in the Membership Rewards program (this offer excludes American Express New Zealand Card holders).

^To maintain your current membership level you must achieve the required number of Status Credits and Eligible Sectors.

˜Velocity Frequent Flyer awarded Best Redemption Ability for Middle East & Asia/Oceania category in 2013 and 2014 Freddie Awards, and ranked highest of all Asia Pacific region programs in Ideaworks Company’s 2014 SwitchFly Reward Seat Availability survey.

To earn and redeem Velocity Points you must be a Velocity member. Velocity membership and Points earn and redemption are subject to the Member Terms and Conditions, as amended from time to time.