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To celebrate Valentine’s Day, Chase Ultimate Rewards is offering a 40% transfer bonus to Virgin Atlantic Flying Club. That’s a larger-than-normal transfer bonus, and you have until Feb. 28 to take advantage of the deal.
Chase points transfer to Flying Club at a ratio of 1:1. However, with this transfer bonus, 1,000 Chase points are worth 1,400 Flying Club points.
Since Virgin Atlantic offers Saver fares, you could book a business-class seat to Europe by transferring as few as 21,000 Chase points.
Here’s what you need to know about this great deal.
Related: How I booked lie-flat business-class seats to London for just 21,000 points
Chase Ultimate Rewards 40% transfer bonus to Virgin Atlantic Flying Club
With Virgin Atlantic’s Saver-level award rates, you could potentially book one-way flights from select U.S. cities to London starting at the following rates:
- Economy: 6,000 points
- Premium economy: 10,500 points
- Upper Class: 29,000 points
However, with Chase’s 40% transfer bonus, you’d only need to transfer the following amounts to Flying Club:
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- Economy: 5,000 points
- Premium economy: 8,000 points
- Upper Class: 21,000 points
Note that while Saver fare redemption rates may be low, Virgin Atlantic imposes high carrier surcharges, with those on Upper Class rates exceeding $500 one-way. Plus, taxes on flights departing from London will be even higher due to the U.K. Air Passenger Duty. That being said, redeeming your points and paying $500 for a lie-flat business-class flight is still a great deal, potentially saving you thousands of dollars.
While snagging a Saver-level seat is a great deal, Virgin Atlantic does use dynamic award pricing, which means some business-class fares can cost well over 200,000 points. Consider using the program’s handy reward seat checker to find the best prices.
Related: Full service for fewer points: 6 perks you’ll receive on a 6,000-point Virgin Atlantic flight to London
How to transfer your Chase points to Virgin Atlantic Flying Club
The transfer process is easy. Once you have created a Virgin Atlantic Flying Club account, log in to your Chase Ultimate Rewards account, hit the transfer button and then enter your Flying Club member number.
You must transfer Chase points in increments of 1,000. Additionally, transfers are irreversible, so make sure to check for award availability before transferring your points.
Remember, to receive 40% bonus points, you must transfer your Chase points by Feb. 28.
Bottom line
Capitalizing on this amazing transfer bonus could be a lucrative option for you. Plus, even if you don’t have plans to fly to the U.K. or book a Virgin Atlantic flight, you could always use your Flying Club points to book on a partner airline such as All Nippon Airways, Delta Air Lines, Air France or KLM.
When you can find availability, there are some great deals out there.
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