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Virgin Atlantic has re-introduced its best-ever purchase miles promotion: For a restricted time, Flying Membership members should buy Virgin Factors with an as much as 70% bonus.
This newest promotion from Virgin Atlantic is tiered, that means the extra Virgin Factors you purchase, the larger your bonus shall be. The biggest bonus you may get is 70%, whereas the smallest bonus is 20%. On the highest bonus, this drops the acquisition worth 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, get a 20% bonus.
- Purchase 25,000 to 69,000 factors, get a 30% bonus.
- Purchase 70,000 to 119,000 factors, get a 50% bonus.
- Purchase 120,000 to 200,000 factors, get a 70% bonus.
In different phrases, in case you’re serious about getting a full 70% bonus, be ready to spend a very good chunk of cash.
This promotion runs by Dec. 31. Have in mind, too, that based on the phrases and circumstances, Flying Membership 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.
Observe that bonus factors earned as a part of this promotion don’t rely towards that whole. Moreover, all purchase factors transactions are topic to a $25 transaction price.
U.S.-registered Flying Membership accounts pay barely greater than U.Ok.-registered accounts for Virgin Factors. As famous by One Mile at a Time, it’s because Virgin Atlantic sells factors to U.S. accounts at a fee of $27 per 1,000 factors earlier than the bonus. U.Ok. accounts pay 15 British kilos per 1,000 factors, equal to roughly $18.41 on the time of writing.
Is it price it?
Earlier than leaping into the specifics, it’s price mentioning that TPG doesn’t suggest shopping for factors speculatively. In different phrases, you probably have no speedy use for the bought factors, it might not be a good suggestion to purchase a big sum of them. That’s as a result of airline currencies are typically a nasty long-term funding — at any second, they might be devalued with little discover.
Associated: When does it make sense to purchase factors and miles?
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Nonetheless, in case you do have a use for the factors, this can be a nice alternative to prime up your Flying Membership account steadiness. TPG values Virgin Factors at 1.5 cents apiece. With this promotion, you should buy factors for simply lower than the worth we worth them.
Virgin Atlantic-operated tickets are normally accompanied by excessive gasoline surcharges, however many accomplice redemptions do not add these charges. A few of our favourite Virgin Atlantic Flying Membership redemptions embody U.S. to Europe tickets in Delta One enterprise class for 50,000 factors and U.S. to Japan in ANA enterprise class for 45,000 factors one-way.
The London-based airline doesn’t run buy-miles promotions fairly often. If you happen to’ve been ready for one, now could be the time to behave.
If you happen to determine to buy factors throughout this promotion, make sure that to pay with a bank card that maximizes your return on on a regular basis spending. Top-of-the-line choices is the Capital One Enterprise Rewards Credit score Card which earns 2 miles per greenback on all purchases.
Associated: Unlock unimaginable worth with Virgin Atlantic factors
Backside line
It is a good buy-miles promo from Virgin. If you happen to’re available on the market for just a few additional Virgin Factors, buying factors at simply 1.48 cents per level is a strong deal.
Remember the fact that Virgin Atlantic Flying Membership can also be a switch accomplice of American Specific Membership Rewards, Bilt Rewards, Chase Final Rewards and Citi ThankYou. Amex is providing a 30% switch bonus to Virgin Atlantic by Dec. 29.
In different phrases, you may switch factors you could already should Virgin Factors at a 1:1 ratio — no buying factors concerned.
Extra reporting by Ben Smithson and Andrew Kunesh.
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