EDIT 1pm Saturday: Virgin Money has confirmed to me in writing that anyone who applied by 4pm on Friday will receive the miles, irrespective of premium paid
On Thursday we wrote about a bonus miles offer with Virgin Money life insurance.
Until 7th August Virgin Atlantic Flying Club members who take out a life insurance policy will receive 10,000 Flying Club miles.
The Virgin Money website stated that the cheapest premium was £6 per month, but according to comments under our article some readers were able to get life insurance for as little as £0.80 per month – a ridiculously cheap way of ‘buying’ miles.
Virgin Money has since pulled the offer and replaced it with an amended version.
A minimum monthly premium of £10.00 now applies to the Flying Club miles offer. This applies to all policies taken out from Friday. If you took one out on Thursday, your miles will be honoured. (EDIT: Virgin Money is now saying that 4pm Friday is the cut-off.)
The other key things you need to know about this offer are:
The 10,000 Virgin Flying Club miles are awarded up to 60 days after the sixth consecutive monthly payment
You must be a Virgin Flying Club member
You must be a UK resident and over 18 years old
This offer is for new customers only
One offer per person – joint policies receive the same 10,000 miles
The application website is here. You can also apply by calling 0800 0728870.
Virgin Money life insurance policies come with various perks including access to the Virgin Money lounges.
If you qualify for the cheapest monthly payment of £10, you need to pay at least £60 to receive the 10,000 Flying Club miles. This assumes you are happy to cancel before the miles arrive, as that may take an extra 60 days as per the rules. 0.6p per Flying Club mile is still a pretty good deal ……
The closing date for applications under this offer is 7th August, so you have over a month to decide whether you want to take out a life insurance policy with Virgin Money.
How to earn Virgin Points from UK credit cards (January 2021)
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, one has a bonus of 15,000 Points):
You can also earn Virgin Points from various American Express cards – and these have sign-up bonuses too.
(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.)