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Get up to 51,000 Virgin Points for opening a Virgin Money Stocks & Shares ISA

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Virgin Money is offering an impressive bonus of up to 50,000 Virgin Points to anyone who is new to Virgin Money and opens a Stocks & Shares ISA.

There is a small additional bonus for existing Virgin Money customers too.

See here for full details.

The offer runs until 30th April, so you could take advantage in either the current or the next tax year.

8000 Virgin Points opening Virgin Money ISA

This is what you can earn:

New customers to Virgin Money

Being a ‘new customer’ means that you have none of the following with Virgin Money:  a Stocks and Shares ISA, a personal current account, personal savings account, personal credit card, Investment Account, cash ISA, personal mortgage, personal loan or pension.

  • £2,000 – £4,999 – 1,000 Virgin Points
  • £5,000 – £9,999 – 2,000 Virgin Points
  • £10,000 – £19,999 – 10,000 Virgin Points
  • £20,000 – £49,999 – 20,000 Virgin Points
  • £50,000+ – 50,000 Virgin Points

Existing Virgin Money customers

If you had a Stocks and Shares ISA, a personal current account, personal savings account, personal credit card, Investment Account, cash ISA, personal mortgage, personal loan or pension on 15th January 2024, you can earn AN ADDITIONAL:

  • £2,000+ – 1,000 Virgin Points

…. for a total bonus of up to 51,000 Virgin Points.

The rules

Here are the full rules for the offer:

  • you must open your Stocks & Shares ISA by 30th April
  • you must invest at least £2,000 by that date OR submit a transfer application to your current provider by 30th April (transfer must complete by 31st July)
  • you must keep your deposit in place until 31st October
  • you will be emailed a promo code for your Virgin Points in November 2024 which you need to activate via the Virgin Red app

Obviously the maximum amount of new money you can invest in one tax year is £20,000. Anyone who wants to transfer £50,000 to receive the full bonus must transfer an existing ISA.

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 (March 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 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.

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

Crazy 120,000 points bonus (to 9th April) and an annual £200 Amex Travel credit Read our full review

American Express Business Gold

Huge 60,000 points sign-up bonus (until 9th April) 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 (48)

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

  • Alex G says:

    “you must invest at least £2,000 by that date OR submit a transfer application to your current provider by 30th April (transfer must complete by 31st July)

    you must keep your £5,000 in place until 31st October”


  • Bernard says:

    So at 1p per avios get £510 benefit from a provider with high fees and poor performance. Compounded over even a short time period the latter will cost you far more.
    One to avoid. Do yourself a favour and invest in an isa for example with a vanguard etf instead. Much much lower fees (so less compounding value destruction) and you’ll be likely to be far better off long term.

    • Marina says:

      Not avios – virgin points which are worth less ?

    • Red Flyer says:

      Low fees does not necessarily = better performance. I’d happily pay 0.75% pa for an active fund returning 8% than 0.22% pa for an ETF that did 4% instead.

      • Anouj says:

        Active funds have been proven to be worse on average. And past performance is not an indicator of future, so how do you know the fund you pick will outperform passive funds ? Then the higher fee will eat into your returns on top too.

        • Red Flyer says:

          As you say, on average, so it is possible. Purely picking an asset on price is not sensible. Plus, you most certainly can beat Vanguard!

          • anuj says:

            Yes, but do you think the average investor is better than average at picking which active fund to go with? Yes some active funds may perform better but you still have to pick an advisor or an active fund yourself.

        • TooPoorToBeHere says:

          There is a lot of literature out there about passive funds beating active funds.

          However, I suggest times may have changed.

          Much of the outperformance is from lower fees for passive than active. Competitive fees for active are out there to be found now.

          And, the industry has seen an enormous shift to index-tracking passive funds. The index trackers are gamed by (and suffer losses to) other market participants front-running their trades on rebalancing (buying stuff that will enter the index, shorting stuff that will leave).

          Trackers intrinsically hold…the entire index…so they and their investors are overweight the most expensive and popular stocks, and underweight cheap and hated stocks. This has worked well for the 20-year post-dot-com run-up in big tech. It would make me think carefully if entering now.

      • Bernard says:

        I’m afraid the data in general disagrees with that premise.
        And good luck finding a fund that consistently delivers 8% CAGR. High returns require high risks which might see very volatile returns.
        Whichever. People need to do their research and pick what’s appropriate to their needs and risk appetite- and not be influenced by a few points into investing into a proven poor performer with high fees (which compound the underperformance).
        Far better to invest in a better fund and use those superior returns to buy paid for tickets

      • Bernard says:

        Except to get 8% you’ll have a fund taking much higher risks for you. But in down years the higher fee will eat into the downside more.
        Buyer beware but I’m sure your IFA loves the fees you’re paying them !

      • Track says:

        It’s wrong paradigm here. Earning 8% per annum CAGR for 10-15 or 20 years — this is a royalty level of hedge funds. You will not get this for 0.75% fee.

        Investing in a quality tracker, one should expect 12-20% a year — in a good year. That takes into account that next year or two might be mediocre for VUSA /FTSE All-World/ Global All Cap or what have you. With a good combination of events its possible to have this for 0.06% Vanguard-level fees but year on year will not be predictable.

  • Zoe says:

    I opened one of these years ago (for the points) and have let it run on at £100 a month. I don’t have other ISAs. I have a low self employed income and am focused on paying off my BTL mortgage. Husband covers all bills and has a decent retirement / property income.
    Where would you suggest moving the ISA too? Happy to keep £100 a month going in. I realise I’m asking random people for financial advise but HFP has a fair share of savvy helpful contributors.

    • Anouj says:

      If you want set and forget then can’t beat vanguard. Plenty of advice online on their different funds to see which one would suit you.

    • BBbetter says:

      +1 for vanguard.

  • Iain says:

    Can you Bread & Butter put £20k in this year and £20k next tax year before 30/4 and get 40k of bonus?

    • Rob says:

      Good question. I suspect yes, because they let you spread it over 2 tax years.

    • Sush says:

      Wouldn’t you just get 20k points?

      £20,000 – £49,999 – 20,000 Virgin Points

  • NorthernLass says:

    Not asking for financial advice as such but as well as cash ISAs we have £50k invested via a FA who came highly recommended but it’s earned nothing in 2 years. I feel it would be doing better as next year’s ISA allowance but FA says it’s better as a long term investment. Is he right 🤷‍♀️

    • Ken says:

      An ISA is just a tax efficient wrapper (like a pension ).

      You hold an investment (shares, gilts, funds, etc) inside or outside either an ISA or a pension.

      I’d be on guard if a FA was putting all but the most sophisticated investors in ‘investments’ that could not be held in an ISA

      From April the capital gains tax allowance falls to £3k per person making it even more advantageous to hold things inside an ISA.

      Without knowing what said investment is , little more I can say.

    • BBbetter says:

      For most small investors, simple index funds or trackers that track the S&P500 or developed world are the best. If you really feel adventurous, allocate 10-20% for active funds and choose a few that have a good track record. Anything else is just a nice earner for the FA or the platform.

      • Bernard says:

        Extremely sensible. Best way to diversify risk and while return may not be spectacular, the downside risk is reduced too.
        For those that don’t have much, you need to manage it carefully.
        (Much: if you’re investing only £100-200k, check what your IFA is charging on top. You might find it’s £3k Pa. So with in fund fees your money will only grow if the fund grows 8pct Pa or more each and every year).
        In my experience Virgin trackers don’t track. Their fees are way above industry and performance is abysmal.

        • Dev says:

          Just buy the cheapest reputable world tracker and set and forget. Personally, I go for dividend paying versions as eventually they will reach a critical mass which will allow me to ease off without having to sell the underlying assets.

          Diversification doesn’t just mean diversification in the market. Hold a combination of (in whatever ratios you feel comfortable) Cash, Equity in Property, BTL
          Income, Fine Wines, Jewellery, crypto, etc

  • Max says:

    The article doesn’t mention there’s a 0.75% fee. That needs to be weighed up against the value of the points you receive.

    • Rob says:

      All S&S ISAs have fees.

      • Bernard says:

        They all do. The point is at what level. 75bpts is a high fee nowadays though.
        30bpts or closer is more reasonable.

      • Track says:

        Rob, with one exception, iWeb does not charge platform fees. Its possible to buy funds.

  • Track says:

    Only 3 funds, meagre performance, poor tracking vs mkt does not make Virgin ISA a contender. Nutmeg has a better track history but not stellar.

    The lesson is not to get distracted by these offers.

    You will be far more efficient with the ISA of your choice, executing your plan. Be it a high-earning 1Y or 2Y fix or buying stocks/ETFs which you have picked/chosen beforehand.

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

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