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Now through September 30th, American Express Membership Rewards is offering a 40% bonus when transferring points to Virgin America’s Elevate program.

Normally points transfer at a ratio of 2 Amex points to 1 Elevate point, which is a lackluster normal ratio. With this promo, however, you can transfer 200 Amex points to get 140 Elevate points instead. This bonus is hard-coded so there is no need to register for it.

Amex is offering a 40% bonus on transferred points to Virgin America.
Amex is offering a 40% bonus on transferred points to Virgin America.

Last year American Express offered a 30% transfer bonuses from Amex to Virgin America, and they have gone as high as 50% in past, but if you’ve been considering moving some points into Elevate but were waiting for a bonus to do so, now is probably the time.

Virgin America
Virgin America

When redeming for Virgin America flights Elevate is a fixed-value rewards program where you can use points to purchase any flight at a value of between 1.6-2.3 cents per point depending on the fare and itinerary. The reason the normal 2:1 transfer ratio is pretty dismal is because it means you are getting between .8 and 1.15 cents per American Express Membership Rewards point – a low value which stands out even more since you can purchase Virgin America flights with Pay With Points at 1 cent per point (1.25 cents per point for Business Platinum cardholders and you earn Elevate points on those flights – you don’t earn points when redeeming for flights using Elevate points).

So, it would really never make sense to transfer Amex points into Elevate unless there was a lucrative transfer bonus. In my opinion, a 100% transfer bonus where you could get points at a 1:1 ratio would be great. However, with the 40% bonus, however, at least you’re getting between 1.12-1.6 cents per Amex point in value.

All in all, while I’m not amazed by this transfer bonus because the value of Elevate points are essentially capped at about 2.3 cents each, it’s still nice to squeeze 40% more value out of each Amex point, and you can get some pretty good values on flights by redeeming on Virgin America’s partners that beat the other point redemption options.

The Business Platinum® Card from American Express

Aside from the 75,000 points welcome bonus, Amex recently made huge improvements to the Business Platinum Card, including the fact that you will now earn 50% more points on purchases of $5,000 or more, earn 5x on flights and eligible hotels at Amextravel.com and cardholders will receive a $200 airline fee credit each year.

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More Things to Know
  • Welcome Offer: Earn up to 75,000 Membership Rewards® points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 and an extra 25,000 points after you spend an additional $10,000 all on qualifying purchases within your first 3 months of Card Membership.
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • Enroll to get up to $200 in statement credits annually by getting up to $100 semi-annually for U.S. purchases with Dell. Terms apply.
  • Get one year of Platinum Global Access from WeWork. With this membership, you can access 300+ premium, inspiring workspaces in 75+ cities. To get this exclusive offer, enroll between 2/15/2019 and 12/31/2019.
  • Terms Apply
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$595
Balance Transfer Fee
See Terms
Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

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Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.