Virgin Atlantic has reintroduced its best-ever promotion for getting miles: Flying Club members should purchase Virgin factors with as much as 70% bonus for a restricted time.
This newest promotion from Virgin Atlantic is tiered, which means the extra Virgin factors you purchase, the larger your bonus can be. The most important bonus is 70%, whereas the smallest is 20%. On the highest bonus, this drops the acquisition worth to 1.48 cents per level.
The tiered bonus construction for getting Virgin factors as a part of this deal breaks down as follows:
- Purchase 5,000 to 24,000 factors and get a 20% bonus.
- Purchase 25,000 to 69,000 factors and get a 30% bonus.
- Purchase 70,000 to 124,000 factors and get a 60% bonus.
- Purchase 125,000 to 200,000 factors and get a 70% bonus.
In different phrases, if you need a full 70% bonus, be ready to spend chunk of cash.
This promotion runs by way of March 31. Based on Flying Membership’s phrases and circumstances, members can buy as much as 100,000 Virgin factors per calendar yr; nevertheless, the restrict has been elevated to 200,000 factors throughout this promotion.
Word that bonus factors earned with this promotion do not rely towards that whole. All transactions to purchase factors are additionally topic to a $22 transaction price, whatever the variety of Virgin factors bought.
U.S.-registered Flying Membership accounts pay barely greater than U.Ok.-registered accounts for Virgin factors. It is because Virgin Atlantic sells factors to U.S. accounts at a fee of $25 per 1,000 factors earlier than the bonus. U.Ok. accounts pay 15 British kilos (about $19) per 1,000 factors.
Is it value it to purchase Virgin factors?
Earlier than leaping into the specifics, it is value mentioning that TPG does not suggest shopping for factors speculatively. In different phrases, shopping for a big sum of factors will not be a good suggestion when you’ve got no speedy use for the bought factors. That is as a result of airline currencies are usually a nasty long-term funding — at any second, they may very well be devalued with little discover.
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Associated: When does it make sense to buy points and miles?
Nevertheless, when you’ve got a use for the factors, this can be a nice alternative to extend your Flying Membership account stability. TPG values Virgin factors at 1.5 cents apiece. With this promotion, you should purchase factors for lower than that.
Virgin Atlantic-operated tickets are often accompanied by high fuel surcharges, however many associate redemptions do not add these charges. Our favourite Virgin Atlantic Flying Membership redemptions embrace tickets from the U.S. to Europe in Delta One business class for 50,000 factors and from the U.S. to Japan in All Nippon Airways business class for 45,000 factors one-way from the West Coast or 47,500 factors from the central U.S. or East Coast.
If you buy factors throughout this promotion, pay with a bank card that maximizes your return on everyday spending, as these transactions are processed by Factors.com relatively than Virgin itself. Among the best choices is the Capital One Venture Rewards Credit Card, which earns 2 miles per greenback on all purchases.
Associated: Unlock incredible value with Virgin Atlantic points
Backside line
It is a tempting promotion from Virgin. For those who’re out there for a number of further Virgin factors, buying factors at simply 1.48 cents apiece is a strong deal, however you need to buy earlier than March 31.
Virgin Atlantic Flying Membership can be a switch associate of American Express Membership Rewards, Bilt Rewards, Chase Ultimate Rewards and Citi ThankYou Rewards. Citi is providing a 30% transfer bonus to Virgin Atlantic by way of Saturday.
In different phrases, you may switch factors you could already should Virgin at a 1:1 ratio — no buying factors concerned.
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