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.
The offer runs until 30th April, so you could take advantage in either the current or the next tax year.
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.
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.
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 (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):
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.
The Platinum Card from American Express comes with 40,000 Membership Rewards points, which convert into 40,000 Virgin Points.
Small business owners should consider the two American Express Business cards. Points convert at 1:1 into 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.)