Maximise your Avios, air miles and hotel points

LAST CALL: Get 8,000 Virgin Points for opening a Virgin Money ISA

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

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. The latest iteration is currently winding up.

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 is ending soon – it runs until 30th June.

It is important to note that Nutmeg has just launched a new Avios offer for pension and ISA transfers which we cover here. Compare both deals.

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 five 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.

We will look at the new Avios / Nutmeg offer tomorrow (EDIT: click here for the article).

How to earn Virgin Points from UK credit cards

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

Virgin Atlantic Reward+ Mastercard

15,000 bonus points 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.

SPECIAL OFFER: Until 9th January 2024, you will receive 30,000 Membership Rewards points (convertible to 30,000 Avios) with American Express Preferred Rewards Gold. You receive 25,000 points if you spend £3,000 in three months and a further 5,000 points if you hold the card for 15 months. You can apply here.

American Express Preferred Rewards Gold

Your best beginner’s card – 30,000 points (TO 9th JANUARY), FREE for a year & four airport ….. 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 9th January 2024, you will receive a huge 100,000 Membership Rewards points (convertible to 100,000 Avios) with The Platinum Card. You receive 75,000 points if you spend £10,000 in six months and a further 25,000 points if you hold the card for 15 months. You can apply here.

The Platinum Card from American Express

Crazy 100,000 points (TO 9th JANUARY) 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 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.)

Comments (8)

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

  • BrianN says:

    Hi just to check, how do you know for sure that you can earn the 8,000 points twice? I couldn’t see anything about that in the terms (couldn’t see anything excluding it either mind you). Thanks

    • BrianN says:

      Sorry ignore me. Just found the term.

      “Offer limited to one Stocks and Shares ISA and one Investment Account per customer and each account, separately, must meet the offer criteria (if they both do then you’ll get double the reward – happy days!).”

  • Manya says:

    I’ve also recently had an email about the (usual) Nutmeg AVIOS offer. Tiered points per the amount you deposit and IIRC max is around 300,000 for a £250k deposit.

  • ianM says:

    I guess it comes down to who charges the most commission, probably Nutmeg. And if you want FC points or avios.

  • Philondon says:

    Is a General Investment Account just a holding account before investing the money? Do you have to spend the money on a fund or something? If not, I assume no risk and I can withdraw it all on 1st August?

    • Rob says:

      It’s (AFAIK) a general pot of money which you can invest as usual BUT doesn’t get you any of the tax benefits that an ISA or pension would bring.

    • Qrfan says:

      If it says “invest” I would assume they actually require you to make an investment rather than hold cash, but you could buy a money market fund for a month that will basically give you the same outcome.

  • Philondon says:

    I was thinking of a quick put money in then take out after I get the points. But if it’s not clear I may not bother.

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

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.