Virgin Atlantic has reintroduced its best-ever promotion for purchasing miles: Flying Membership members should purchase Virgin factors with as much as 70% bonus for a restricted time.
This newest promotion from Virgin Atlantic is tiered, that means the extra Virgin factors you purchase, the larger your bonus might be. The biggest bonus is 70%, whereas the smallest is 20%. On the highest bonus, this drops the acquisition value to 1.48 cents per level.
The tiered bonus construction for purchasing 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 would like a full 70% bonus, be ready to spend a superb chunk of cash.
This promotion runs by means of March 31. In accordance with Flying Membership’s phrases and circumstances, members can buy as much as 100,000 Virgin factors per calendar yr; nonetheless, the restrict has been elevated to 200,000 factors throughout this promotion.
Notice that bonus factors earned with this promotion do not depend towards that complete. 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.Okay.-registered accounts for Virgin factors. It’s because Virgin Atlantic sells factors to U.S. accounts at a charge of $25 per 1,000 factors earlier than the bonus. U.Okay. 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 might not be a good suggestion in case you have no speedy use for the bought factors. That is as a result of airline currencies are typically a nasty long-term funding — at any second, they might be devalued with little discover.
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Associated: When does it make sense to purchase factors and miles?
Nevertheless, in case you have 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 buy factors for lower than that.
Virgin Atlantic-operated tickets are often accompanied by excessive gas surcharges, however many companion redemptions do not add these charges. Our favourite Virgin Atlantic Flying Membership redemptions embrace tickets from the U.S. to Europe in Delta One enterprise class for 50,000 factors and from the U.S. to Japan in All Nippon Airways enterprise 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 on a regular basis spending, as these transactions are processed by Factors.com somewhat than Virgin itself. The most effective choices is the Capital One Enterprise Rewards Credit score Card, which earns 2 miles per greenback on all purchases.
Associated: Unlock unbelievable worth with Virgin Atlantic factors
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 stable deal, however it’s essential to buy earlier than March 31.
Virgin Atlantic Flying Membership can also be a switch companion of American Categorical Membership Rewards, Bilt Rewards, Chase Final Rewards and Citi ThankYou Rewards. Citi is providing a 30% switch bonus to Virgin Atlantic by means of Saturday.
In different phrases, you possibly can switch factors chances are you’ll already must Virgin at a 1:1 ratio — no buying factors concerned.
