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Last week, Virgin America shared a timeline that outlined when the airline will drop its partnerships, which indicates that Virgin and Alaska are another step closer to finalizing their merger process. One of the earliest steps in this process was the ability to convert your Virgin Elevate points into Alaska Mileage Plan miles. This presents an interesting, limited-time opportunity to convert your American Express Membership Rewards points to Alaska miles.

The first step is to log in to your Amex account. From there, transfer a select amount of Membership Rewards points to your Elevate account at a 2:1 ratio. While this might not seem to be the most valuable option upfront, the more lucrative transfer comes next.

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After you’ve completed the initial transfer, you can then go to the special Alaska-Virgin transfer website to convert your Elevate points into Alaska miles at a 1 to 1.3 ratio.

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Once you’ve completed this process, you will have successfully converted Amex Membership Rewards points into Alaska Mileage Plan miles at a 2 to 1.3 ratio. While you would be losing .67 cents per point according to TPG’s most recent valuations, this could be a great option if you’re just shy of the miles required for an award ticket. If you’re interested in this transfer opportunity, be sure to do it before October 31, 2017, which is the end date of the Virgin America and Membership Rewards partnership.

Know before you go.

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Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

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.

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