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Update: Some offers mentioned below are no longer available. View the current offers here – The Platinum Card® from American ExpressPremier Rewards Gold Card from American ExpressThe Business Platinum® Card from American Express

Update 10/10 3:05pm: This 30% bonus on transfers to Virgin Atlantic has returned. Through November 30, 2017, you’ll get 1,300 Flying Club miles for every 1,000 Membership Rewards points you transfer.

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Part of what makes transferable currencies so valuable is their flexibility; your points aren’t trapped in just one program. Even better, sometimes airlines and hotels will partner up with these transferable point programs to allow members to transfer points with a bonus. Today, we learned about a new transfer bonus: Now through May 22, get a 30% bonus when transferring American Express Membership Rewards points to Virgin Atlantic’s Flying Club.

Membership Rewards-earning cards include:

  • The Platinum Card from American Express
  • Premier Rewards Gold Card from American Express
  • The Amex EveryDay Preferred Credit Card from American Express
  • The Business Platinum Card from American Express OPEN

Amex transfer bonus Virgin Atlantic

If you’re not familiar with Virgin Atlantic’s Flying Club, you’re not alone. The program just went through an award devaluation effective January 16, 2017. So, everyone is having to learn the new program.

The new Flying Club program’s biggest benefit is the low cost of standard (read: off-peak) awards — which start at just 20,000 miles round-trip from the US to the United Kingdom. However, if you want to travel during “peak season,” you’re going to generally have to pay double. Current peak season is defined as March 31-April 18, June 22-September 6 and December 13-31.

The huge caveat is that Virgin Atlantic charges substantial “taxes, fees, charges, and carrier-imposed surcharges.” These start at $418 round-trip in economy, $511 round-trip in premium economy and $1,217 in Upper Class. With economy flight deals to Europe routinely in the $300s and $400s recently — sometimes even during peak times — you’re not getting much value out of your Flying Club miles for economy flights.

Here are the redemption cost and taxes/fees for round-trip flights from the US to the UK — before factoring in the 30% bonus from American Express Membership Rewards:

To/from UK Economy Co-Pay Premium Economy Co-Pay Upper Class Co-Pay
Atlanta 25,000 $450 45,000 $542 95,000 $1,248
Atlanta (to/from Manchester) 25,000 $421
Boston 20,000 $451 35,000 $544 95,000 $1,250
Boston (to/from Manchester) 20,000 $451 35,000 $544 95,000 $1,250
New York (JFK/Newark) 20,000 $450 35,000 $542 95,000 $1,248
JFK (to/from Manchester) 20,000 $450 35,000 $542 95,000 $1,248
Washington DC 20,000 $450 35,000 $542 95,000 $1,248
Miami 25,000 $450 45,000 $542 95,000 $1,248
Orlando (to/from Glasgow) 25,000 $418 45,000 $511 95,000 $1,217
Orlando (to/from Belfast) 25,000 $440 45,000 $511
Las Vegas 30,000 $418 55,000 $511
Las Vegas (to/from Manchester) 30,000 $424
Los Angeles 30,000 $453
San Francisco 30,000 $452 135,000 $1,250
San Francisco (to/from Manchester) 30,000 $470 135,000 $1,250
Seattle 25,000 $452 95,000 $1,250

That means you can score round-trip economy flights from Boston (BOS), New York (JFK/EWR) or Washington DC (IAD) to the UK for just 16,000 Membership Rewards points — or 27,000 MR points in premium economy. Upper Class redemptions are going to set you back at least 74,000 MR points before the transfer bonus.

Just 924,000 Amex MR points can get you a week on Sir Richard Branson
Just 924,000 Amex MR points can get you a week on Sir Richard Branson’s private island.

If you’re looking for a once-in-a-lifetime redemption, one of the most incredible uses of Virgin Atlantic miles is redeeming 1,200,000 miles for a seven-night stay on Richard Branson’s Necker Island. With this 30% transfer bonus, eligible Flying Club members only need to transfer 924,000 American Express Membership Rewards points to have enough for this luxurious redemption. This is the same vacation spot that President Obama visited just after leaving the White House in January.

Bottom Line

This transfer bonus isn’t a great deal. However, transferring points from Amex to Virgin Atlantic could make sense if you’re looking to travel during off-peak periods and can’t find a cheap paid flight. Due to the relatively low cost of premium economy awards and fewer premium economy deals, premium economy awards could provide especially good value.

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), up to a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

Apply Now
More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$550
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

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