For a limited time, American Express is having a 40% transfer bonus to Virgin America. This will be available for all transfers until January 31, 2014, which is less than 10 days away.
Points must be transferred in increments of 200 Membership Rewards points.
Since VX is a US-based airline, you must pay an Airline Excise Tax Offset Fee of $0.0006 per point transferred.
How I’m Going To Leverage This Transfer Bonus
I have to fly to Vegas for a bachelor party in April. It must be pretty busy the weekend we’re going according to the fares I’ve been seeing for the past few months.
With fares like that to Vegas, I’d rather just redeem points, of which I have plenty.
I first checked for award space on American, Delta, US Airways, and United. Nothing.
I then checked the fixed point programs like JetBlue and Virgin America, but since the amount of points for an award is directly tied to the cost of the fare, I didn’t find much help there.
When this promotion surfaced, it seemed to be the best solution to my problem. I certainly don’t want to pay cash and I definitely don’t want to use 36K Amex MR points.
By leveraging this transfer bonus, I only have to spend 25K Amex MR, which sounds a lot more reasonable to me.
Traditionally, transferring precious American Express Membership Rewards points to fixed point programs like Virgin America and JetBlue are “losing” propositions in the miles & points community.
However, if you’re in a situation like me where you need certain dates, a nonstop flight, and all other airlines have no award availability, you could find this 40% transfer bonus a real life saver like I just did.