Virgin Atlantic is selling their points at a historically low price, which may be worth visiting. You need to be a Silver or Gold member to get the best deal though.
Until November 18, you get a staggered bonus when purchasing Virgin points:
- 5,000 – 24,000 points: 15% / 20% bonus
- 25,000 – 69,000 points: 20% / 30% bonus
- 70,000 – 119,000 points: 40% / 50% bonus
- 120,000 points or more: 60% / 70% bonus
The second number is for Silver and Gold members, whereas the first is for everyone else. They’ve also increased the cap, so you can buy up to 200K points every year.
Virgin charges a flat £15 rate for every 1,000 points, and there’s a £15 handling fee per transaction. On the very top end you’ll be paying £3,015 for 340K points, which amounts to 0.887 per point.
Barring the occasional Miles Booster promotions (which isn’t on this time), this is the cheapest you can get for Virgin point. If you earn in a non-Sterling currency, for example USD, the deal is even more attractive given the recent GBP slump.
Virgin Atlantic is set to join Skyteam in the upcoming months so their point will potentially be worth more. However I wouldn’t take a punt right now, and will only purchase any points if I know where to spend them.
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