Deal alert: Get a 5-night cruise for 2 people for just 120,000 points

Got 120,000 points to burn in the Virgin Red loyalty program? If you act fast, you can snag a five-night cruise out of Miami that normally costs around $2,500 or more for two people traveling together.

You also can get a four-night cruise for two out of Miami that normally costs around $2,000 or more for 110,000 points.

The limited-time offer is available through Sept. 30 for Virgin Voyages sailings out of Miami departing now through the end of the year.

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For your points, you'll get accommodations for two on Virgin Voyages' Miami-based Scarlet Lady in a Sea Terrace cabin — Virgin's fancy way of saying a cabin with a private balcony. That's a big upgrade from the ship's entry-level Insider cabins, which are in the interior of the ship and don't have windows. It's also a step up from the vessel's window-but-no-balcony Sea View cabins.

You'll also get all your meals included, as well as free Wi-Fi while on board, gratuities and entrance to all onboard shows.

Sea Terrace cabins on five-night sailings out of Miami during the September-to-December period normally start at around $2,500, including taxes and fees, though they're being sold right now on the Virgin Voyages website for a few hundred dollars less as part of a short-term sale. Some departures over popular weeks start at even higher prices.

Related: I've been on more than 150 cruise ships; here's what I thought of my first Virgin sailing

TPG values Virgin Points at 1.5 cents each, so by our estimate, 120,000 points would be the equivalent of $1,800. That makes this a good deal but not an extremely good deal.

Don't have enough Virgin points to book the offer — or any at all? You can still get in on this deal by using points from one of several major credit card programs. You can transfer points to the Virgin Red program from the American Express Membership Rewards, Bilt Rewards, Capital One, Chase Ultimate Rewards and Citi ThankYou programs.

Virgin Voyages offers several four- and five-night itineraries out of Miami that are eligible for the promotion, including:

• Five-night "Riviera Maya" voyages to Cozumel and Playa del Carmen in Mexico, and Bimini in the Bahamas.
• Five-night "Dominican Daze" voyages to Puerto Plata in the Dominican Republic, and Bimini.
• Five-night "Mayan Sol" voyages to Costa Maya in Mexico, and Bimini.
• Four-night "Fire & Sunset Soirees" voyages to Key West, Florida, and Bimini.

To take advantage of the offer, you first must head to the Virgin Red app and click "redeem" where you see it promoted. This will deduct the necessary points from your Virgin Red account. A member of the Virgin Red team will them email you an access key within 48 hours that you will use to book a cabin using the points at the Virgin Voyages website.

Among caveats to the offer:

• Sailings out of Miami on Dec. 4 and 14 are not available as part of the offer.
• Passengers will be assigned a Sea Terrace or Limited View Sea Terrace cabin based on availability.
• The points price is per cabin, whether there are one or two people staying in the cabin.
• Per Virgin Voyages' current health rules, most passengers must be vaccinated against COVID-19 and bring proof of vaccination to travel.
• All passengers must be over 18 years of age.
• Each Virgin Red member can book up to four cabins as part of the offer, but the booking party must check in at the same time.
• The Virgin Red member responsible for the booking must present their Virgin Red app to verify their eligibility before boarding.

Also note that cabins booked under the offer cannot be upgraded, unless Virgin Voyages subsequently offers the chance to do so.

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