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Get 8,000 Virgin Points for opening a Virgin Money ISA

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Pre-covid, Virgin Money ran a series of points offers for opening an ISA. Things have been very quiet since 2019 but the deals are now back.

Virgin Money is offering 8,000 Virgin Points for anyone who opens a Stocks & Shares ISA. It is also valid on general Investment Accounts, which are outside the tax-free ISA wrapper.

See here for full details.

The offer runs until 30th June.

8000 Virgin Points opening Virgin Money ISA

Here are the rules:

  • you must open your Stocks & Shares ISA by 30th June
  • you must invest at least £5,000 by that date OR submit a transfer application from your current provider by 30th June (transfer must complete by 30th September)
  • you must keep your £5,000 in place until 31st July
  • you will be emailed a promo code for your 8,000 Virgin Points which you need to activate via the Virgin Red app
  • you can open both an Investment Account and a ‘Stocks & Shares’ ISA and receive the bonus twice, for a total of 16,000 Virgin Points

There is no longer a clawback rule, probably because of the way the points are awarded via a promo code. When these offers ran 5 years ago you would lose the miles if you closed your ISA within a year – this is no longer the case. In theory you could take your money out after 1st August as soon as you receive your 8,000 Virgin Points code.

There is no rule saying that, if you earned a similar bonus pre-covid, you cannot get it again.

This is obviously an investment and so could lead to the loss of your capital.

As always with financial issues, take proper advice if necessary.

You can apply here.

If you want to earn more Virgin Points, our review of the Virgin Atlantic Reward+ Mastercard credit card is here (15,000 bonus points) and our review of the free Virgin Atlantic Reward Mastercard credit card is here.

How to earn Virgin Points from UK credit cards

How to earn Virgin Points from UK credit cards (June 2023)

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):

SPECIAL OFFER: Until 13th June, the sign-up bonus on the Virgin Atlantic Reward+ card is doubled to 30,000 Virgin Points. Apply here.

Virgin Atlantic Reward+ Mastercard

30,000 points bonus (to 13th June) and 1.5 points for every £1 you spend Read our full review

Virgin Atlantic Reward Mastercard

A generous earning rate for a free card at 0.75 points per £1 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 30,000 Membership Rewards points, which convert into 30,000 Virgin Points.

SPECIAL OFFER: Until 13th June, the sign-up bonus on The Platinum Card is doubled to 60,000 Membership Rewards points (worth 60,000 Virgin Points) – and you get £200 to spend at Amex Travel too! Apply here.

The Platinum Card from American Express

60,000 points AND a £200 Amex Travel voucher until 13th June! 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 bonus and a £200 Amex Travel credit every year 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.)

Comments (19)

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

  • Paul B says:

    What would be the cheapest route to earn these points? I’ve little confidence in the investment, however likewise if £5k could earn me 8k points very cheaply it beats 3.5% int. pa

    • Rob says:

      Deposit £5k, hope the stock market doesn’t dip (pick the fund option which appears most stable to you) and then withdraw as soon as you get the points code after 31st July.

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

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