Most of us spend months or years eagerly collecting airline points in hopes of cashing them in for our dream flight. But for one day only – Virgin is giving Velocity members the chance to redeem a slew of prizes in exchange for just one Virgin Velocity point.

Sydneysiders, mark your calendars for 22 August because Velocity’s 1 Point Rewards Store will pop-up on Pitt Street for one day only. Here, you’ll be able to cash in just one Velocity point for a range of rewards from designer fragrances, Bose headphones and yes, Virgin Australia flights and lounge access. All you have to do is have one Velocity point in your account and download the app to participate.

Many prizes, like the fragrances and headphones, will be collected on a first-come-first-served basis, so have your points ready and get in early. But if you’re feeling lucky, there will be a mix of games and mystery prizes, including some flights. Don’t have a Velocity account? It’s worth a punt anyway – Virgin Australia crew will be there to help you earn on the spot.

Speaking to Australian Traveller, Nick Rohrlach, CEO of Velocity Frequent Flyer, said: “Melbourne was the debut [of the 1 Point Reward store] in 2023. People had camped out overnight, [and] there were over a thousand people lined up down Chapel Street." The Points Rewards Store returns this year to “remind people that we actually have really great value rewards," says Rohrlach. “We like to do one point rewards because it just reminds people that we’re all about [being able to redeem things] fast."

Pop-up dates for Velocity’s 1 Point Rewards Store in Brisbane and Melbourne will be announced soon. Stay tuned for updates.