Virgin Money International Money Transfer has returned as a Flying Club partner – but only for a few months.
If you try this service now you can get 3,000 Virgin Atlantic miles when making your first transaction.
Virgin Money promises a best price guarantee on all international money transfers, although as this guarantee excludes internet specialists such as Azimo and TransferWise you should treat it with a pinch of salt.
In order to get ‘the best price on the high street’, you need to register an account with Virgin Money and provide the quote you received from any high street bank in writing within three hours of receiving it. Virgin Money will then give you a matching quote.
Note the slightly confusing deadlines for this.
You need to be a Virgin Atlantic Flying Club member and not already have a Virgin Money International Money Transfer account
You need to open an account by 31st January but you have until 30th April 2018 to actually make your first transaction
If your first transaction is over £1000 you will qualify for the 3000 miles which will be credited to your account within 60 days
This is not necessarily a ‘no brainer’ deal. The miles are worth around £30 at best and you need to transfer £1000. If the Virgin rates are close to Azimo then you may come out on top but you should definitely do the maths first – the banks are not known for their great rates.
PS. Remember that Virgin Money is also offering 6,000 Virgin Flying Club miles for opening an ISA at the moment – details are on the Virgin Atlantic site here.
How to earn Virgin Points from UK credit cards (August 2022)
As a reminder, there are various ways of earning Virgin Points from UK credit cards. Many cards also have generous sign-up bonuses.
You can choose from two official Virgin Atlantic credit cards (apply here, the Reward+ card has a bonus of 15,000 Virgin Points):
You can also earn Virgin Points from various American Express cards – and these have sign-up bonuses too.
American Express Preferred Rewards Gold is FREE for a year and comes with 20,000 Membership Rewards points, which convert into 20,000 Virgin Points.
The Platinum Card from American Express comes with 30,000 Membership Rewards points, which convert into 30,000 Virgin Points.
EDIT: Until 25th October 2022, there is an exceptionally generous sign-up bonus on The Platinum Card. You will receive 60,000 Membership Rewards points – double the usual amount – and £200 to spend at Amex Travel. You need to spend £6,000 within six months to earn the bonus.
Small business owners should consider the two American Express Business cards. Points convert at 1:1 into Virgin Points.
(Want to earn more Virgin Points? Click here to see our recent articles on Virgin Atlantic and Flying Club and click here for our home page with the latest news on earning and spending other airline and hotel points.)