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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.

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More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
17.99% - 24.99% Variable
Annual Fee
$0 Intro for the First Year, then $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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