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Get 22,500 Virgin Atlantic miles for moving an EXISTING Stocks & Shares ISA to Virgin Money

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Virgin Money has launched a very interesting new offer for anyone who is interested in transferring an EXISTING Stocks & Shares ISA.

Virgin Money has offered Virgin Flying Club miles for many years to people who have taken out new Stocks & Shares ISAs.  I will look at this again over the weekend as the mileage offer is now up to 8,000 miles.

This is the first time it has ever offered an incentive for doing a transfer, however.

Take a look at this page of the Virgin Money website.

This is how it works.

Virgin Money will add up the total value of incoming Stocks & Shares ISA transfers you make between 8th April and 31st August as long as the account was opened by 30th June.  As long as the money remains in your account at 31st December 2019, you will receive a bonus of Virgin Flying Club miles in January 2020.

For clarity, this offer does NOT apply to transfers of cash ISAs to Virgin Money.

This is how many miles you can earn:

£5,000 – £9,999 transferred = 5,000 Virgin Flying Club miles

£10,000 – £19,999 transferred = 7,500 Virgin Flying Club miles

£20,000 – £34,999 transferred = 12,500 Virgin Flying Club miles

£35,000+ transferred = 22,500 Virgin Flying Club miles

There is a lot to think about before you take advantage of this offer.  You need to take a look at the fees charged by Virgin Money and how they compare with your current provider.  Your existing ISA provider may charge a transfer fee which makes the deal uneconomic.  Whilst Virgin Money has a number of different funds you can invest in, they may not be a perfect match for your current investment strategy.

You can find out more on this page of the Virgin Money site.

How to earn Virgin Points from UK credit cards

How to earn Virgin Points from UK credit cards (April 2024)

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 18,000 Virgin Points and the free card has a bonus of 3,000 Virgin Points):

Virgin Atlantic Reward+ Mastercard

18,000 bonus points and 1.5 points for every £1 you spend Read our full review

Virgin Atlantic Reward Mastercard

3,000 bonus points, no fee and 1 point for every £1 you spend Read our full review

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.

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & four airport lounge passes Read our full review

The Platinum Card from American Express comes with 40,000 Membership Rewards points, which convert into 40,000 Virgin Points.

The Platinum Card from American Express

40,000 bonus points and a huge range of valuable benefits – for a fee Read our full review

Small business owners should consider the two American Express Business cards. Points convert at 1:1 into Virgin Points.

American Express Business Platinum

40,000 points sign-up bonus and an annual £200 Amex Travel credit Read our full review

American Express Business Gold

20,000 points sign-up bonus and FREE for a year Read our full review

Click here to read our detailed summary of all UK credit cards which earn 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.)

Category

Virgin Atlantic and Flying Club

Comments (27)

This article is closed to new comments. Feel free to ask your question in the HfP forums.

  • RIccatti says:
    12 Apr12 April 05:14

    Not the best time for a product that does not allow holding money in cash (out of the market). Be it equities or bonds.

  • Frenzie01 says:
    12 Apr12 April 07:14

    Good point! Thanks!

  • Callum says:
    12 Apr12 April 08:23

    I invested £1000 in the ISA last time they had the offer and had £997 left when I could withdraw it. Still came out ahead with the 8000 miles but I don’t know if I’d trust them with £35,000 (perhaps irrationally given the past performance can’t predict future performance stuff).

    • Frenske says:
      12 Apr12 April 10:26

      You should not really invest in stocks and shares for one year. The chance that you will lose money is reasonable high, the chance that will lose money over 5 years is very slim.

  • Ken says:
    12 Apr12 April 08:32

    At the risk of becoming a bore on this subject, note that Virgin funds are notoriously expensive for what they are. The All Share Tracker they offer was charging 1% until Feb 2019 where it was reduced to 0.6%.
    This is still 10 times more than the cheapest offering.
    These things matter.

    • Shoestring says:
      12 Apr12 April 08:36

      0.6% doesn’t matter that much if it’s just a smallish short term punt to get the points, esp the new ISA promo tba Sunday though you can see it for yourself on the Virgin site

    • Ken says:
      12 Apr12 April 08:41

      And while their fee includes the platform charge if going direct with them, it’s still a rip off on an epic scale.
      Naturally Virgin was the worse performing all share tracker in 2018.

    • Doug M says:
      12 Apr12 April 08:47

      I agree, charges are key to choice. Using an ISA allowance wisely will contribute to being able to afford cash tickets. Making investment decisions on the basis of air miles is a bad start.

  • Rob says:
    12 Apr12 April 08:35

    Thanks, hadn’t seen that.

  • BJ says:
    12 Apr12 April 08:37

    Main conclusion to be drawn from this is that the good old days of miles from Virgin Money are gone for good, they have obviously learned their lessons. Nobody should be seriously contemplating them for ISAs, savings or money transfers, there are much better options available.

    • BJ says:
      12 Apr12 April 09:34

      Problem is even that is one time only now IIRC so we are out 🙁

    • Alex W says:
      12 Apr12 April 21:05

      Is fidelity any good?

    • Lady London says:
      12 Apr12 April 22:26

      Well regarded historically. However the thing to keep track of is when a successful money manager makes a career move to another firm. Worth thinking about having your money follow them.

    • Ken says:
      13 Apr13 April 08:26

      Fidelity has a big range of funds and some very low charge (0.06% OCF) trackers.
      Excellent starting point for anyone.

  • Waddle says:
    12 Apr12 April 13:58

    Apologies for this OT. A week ago maybe someone posted a link to a site where one could get a card or some sort of pass for the Virgin Money lounges so you don’t have to prove you have a Virgin Money product every time you visit. Can’t seem to find it. Would someone be able to post it again for me please?

    • Louise says:
      12 Apr12 April 14:46

      Someone said it’s in the app, altho haven’t downloaded it yet

    • Rob says:
      12 Apr12 April 16:36

      You register on their website and you get sent a card (or, on first visit after registration, they give you one – can’t remember which)

    • Shoestring says:
      12 Apr12 April 16:56

      hey! that was me 🙂

      wait a minute

  • John says:
    12 Apr12 April 17:02

    You get a card on your first visit. They take a photo (but it isn’t printed on the card, just stored in the database).

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