Virgin Money has brought back its offer of bonus Flying Club miles with Virgin Money life insurance.
Until 7th November Virgin Atlantic Flying Club members who take out a life insurance policy will receive 5,000 Flying Club miles. This is a big drop on the last time this offer ran, when you received 10,000 miles.
A minimum monthly premium of £10.00 now applies and you need to keep the policy for six months before you receive the miles.
The key things you need to know about this offer are:
The 5,000 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 5,000 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 5,000 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. On this basis, it is NOT worth doing purely for the miles unless you will also get some value from the insurance.
The closing date for applications under this offer is 7th November.
How to earn Virgin Points from UK credit cards (October 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.)