Maximise your Avios, air miles and hotel points

Get 15,000 Virgin Points by opening a free Virgin Money current account

Links on Head for Points may pay us an affiliate commission. A list of partners is here.

Virgin Red – the new app which gives you additional possibilities for earning and spending Virgin Points – has brought back its Virgin Money current account offer.

You can earn 15,000 Virgin Points by switching your current account to the Virgin Money ‘M Plus’ account. It also applies to the ‘monthly fee’ ‘Club M’ account.

You will also receive a debit card with 0% FX fees on overseas transactions.

How do I earn Virgin Points with a Virgin Money current account?

You need to apply via the Virgin Red app or website. If you are not already a member you can register here, for free.

The offer is not available directly on the Virgin Money website – the website has an alternative offer of a £150 Virgin Experience Day or a £150 luxury case of Virgin Wines. I would see these as being equivalent value to 15,000 Virgin Points.

Open an account in the usual way after clicking through from the Virgin Red app or website.

Within 45 days of opening the account, do the following:

  • Complete a full bank switch using the ‘Current Account Switch Service’
  • Download and register for the Virgin Money mobile banking app
  • Transfer or set-up at least two Direct Debits to your new account and don’t cancel them until Virgin Money sends the Virgin Red promo code
  • Credit your linked Instant Access Savings Account with at least £1,000 and keep this in your account until Virgin Money sends the Virgin Red promo code

You do not qualify if you have an existing M Account, Virgin Money, Yorkshire Bank or Clydesdale Bank current account, or have closed one since 28th February 2021. You also do not qualify if you have taken up any Virgin Red switching offer to Virgin Money in the past.

What special features does the Virgin Money ‘M Plus’ current account have?

0% FX fees on foreign payments

The Virgin Money ‘M Plus’ current account has one very interesting benefit for HfP readers. The debit card you receive has 0% FX fees on purchases and cash withdrawals abroad.

If you don’t currently have a 0% FX fees credit card, you could save substantial sums by using your Virgin Money debit card when travelling.

Earn 2% gross interest

You earn interest on your current account at 2% on balances up to £1,000. This is worth £20 per year.


This offer is clearly nowhere near as generous as the Barclays Avios Rewards package from Barclays Premier, which can earn you 43,000 Avios in your first year and gets you a British Airways upgrade voucher. That said, you may not qualify for Barclays Premier – and in any event applications are currently suspended whilst the Avios IT work is taking place.

The Virgin Money offer may be worth a look if your existing bank is causing you grief – or if you simply like to switch annually to take advantage of sign-up offers.

The inclusion of a debit card with 0% FX fees will also be of interest to those of you who don’t have a 0% credit card in their purse or wallet.

You can sign up for Virgin Red here if you are not already a member. Remember that you need to apply for the account via the link on the Virgin Red website or in the app.

How to earn Virgin Points from UK credit cards

How to earn Virgin Points from UK credit cards (November 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):

Virgin Rewards credit card

Virgin Atlantic Reward Mastercard

The UK’s most generous free Visa or Mastercard at 0.75 points / £1 Read our full review

Virgin Rewards Plus credit card

Virgin Atlantic Reward+ Mastercard

15,000 points bonus and the most generous non-Amex for day to day spending 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:

Nectar American Express

American Express Preferred Rewards Gold

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

The Platinum Card from American Express comes with 30,000 Membership Rewards points, which convert into 30,000 Virgin Points:

American Express Platinum card Amex

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee 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.)

Comments (20)

  • Pogonation says:

    I just tried to apply and received this:

    Sorry, it looks like there’s been a technical problem. While we’re sorting it out, please call us instead on 0800 678 3654.

    We’re open Monday to Friday 8am – 8pm, Saturday 9am – 5pm, Sunday 10am – 5pm, and calls from mobiles and landlines are free.

    Does anyone know if I will still be eligible for the 15,000 bonus points if I continue the application via phone?

    • Simon says:

      I had to finish my application on the phone too as I was referred online. Agent said I will get my bonus providing I meet all the conditions.

  • bartas8891 says:

    I got 15k a few months ago and then switched to Natwest. Is it possible to switch again and get the bonus a second time?

Leave a comment

Your email address will not be published. Required fields are marked *

Please click here to read our data protection policy before submitting your comment

The UK's biggest frequent flyer website uses cookies, which you can block via your browser settings. Continuing implies your consent to this policy. Our privacy policy is here.