Use Velocity Points to redeem Singapore Airlines award tickets across all cabins
From 31 August 2017, Velocity members will be able to redeem their Velocity Points for tickets across all Singapore Airlines cabin classes: Economy, Premium Economy, Business and First Class, including Suites.
Previously, it was only possible to book Premium Economy and First Class seats by transferring your Velocity Points to KrisFlyer Miles and then booking.
The number of points required for each ticket are based on Velocity's 'Table 2' redemption table, which includes Etihad and Air New Zealand. The benefit of selecting Singapore Airlines over Etihad is that you won't have to pay Velocity's ridiculous 'Etihad Airways Reward Seat Carrier Charge' which is up to $300 USD per sector (depending on class of travel).
In some cases it may still make sense to transfer your Velocity Points to KrisFlyer to make a reward booking. For some routes there is a substantial difference in the number of points required. Other benefits from KrisFlyer include waitlisting for award tickets when there is no availability and also the ability to book First Class seats online instead of via a call centre. The cancellation terms may also differ between the two programs. As always, before making a booking weigh up your options to ensure you are getting good value from your points.