Recently received a targeted offer from Velocity offering 2 points per $ on a transfer to a non-AUD currency on their Global Wallet. Small print says only the first transfer applies.
The way I read this I could transfer funds to (say) EUR and then transfer it back to AUD and then use the funds like I would any other Visa card; said funds qualifying for the 2 points per $ offer. Can’t find anything in the T&C’s that says I have to spend the EUR.
The Global Wallet site seemed to be a bit elusive on the exchange rate to and from EUR (which I guess is effectively what I am buying the points for.) Any thoughts on whether or not this is a good opportunity?