Question: what is the difference between flybuys and velocity points?
Answer: This is where partners like Velocity come in. ... When transferring flybuys points to Velocity, you're purchasing Velocity Points at a rate of 870 per 2,000 flybuys points. 2,000 flybuys points has a $10 value (at Coles), so you are paying 1.15c per Velocity Point if you make a flybuys points transfer.