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Capital One Transfer bonus: 30% to Virgin Red through 04/30/24

an airplane with rows of seats

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Capital One Transfer bonus: 30% to Virgin Red through 4/30/24

Capital One has brought back their 30% transfer bonus to Virgin Red. If you’re unfamiliar with Virgin Red it’s the umbrella rewards program of the Virgin group, so if you have Virgin Atlantic miles and link your account, you’ll have Virgin Red points. They’re essentially interchangeable, but Virgin Red has a ton more redemptions options since it’s open to cruises, hotels, and even safaris. We have added this to our current list of transfer bonuses. Let’s take a look!

a close up of a coupon

Using Virgin Red to book Virgin Atlantic with miles

Virgin Red and Virgin Atlantic miles are one in the same after you link accounts, but all of the redemption pricing is still in Virgin Atlantic miles.

Virgin Atlantic is a very sleek, sexy, and stylish way to fly. The biggest problem? The surcharges are just outrageous. With that being said, Virgin committed in 2022 to release 2 award seats per flight. So… you can often find award space and if you’re booking last minute flights, it’s still a good deal when comparing to cash rates ( most of the time ).

I’ve flown the A350 many times and it’s a very solid product. My biggest gripe is the lack of storage in the seat, so personally I prefer other carriers, but I still fly it usually once or twice a year since we travel to London quite often. A new seat to keep an eye on is the A330-neo which offers their latest seat configuration and seems like a nice improvement. Avoid the old A330s tho…a quite inferior business class.

The A350-1000 on Virgin Atlantic

a seat and table in a plane

Let’s look at the Delta Suite 47k option.

I was fortunate enough to book this deal from London to Atlanta last year – it’s a bit of a unicorn booking so don’t count on finding it consistently.

You can also use Virgin Red for cruises, hotels, and safaris

Personally, I think the real value is utilizing them for flights, specifically on partners, but even when paying the surcharges for Virgin Atlantic flights you’re getting pretty good value. One thing I would highlight, in 2023 we’ve seen Virgin Red promote their cruises. There are 7 and 8 nights cruises in the Caribbean or Mediterranean for 100k points for 2 people. That’s 77k Capital One Miles for a week long vacay – I’m sure you’re going to spend some money too on add-ons, etc – but a pretty good deal all around if you ask me.

Regarding the cruises the terms say: “As for digs, you’ll be kicking back in The Sea Terrace (or Limited View Sea Terrace, depending on availability).”

I did some perusing and this is the price for a sea terrace for 8 nights in the caribbean, what you could presumably book with Virgin Red

ANA

This is the Virgin Atlantic Award Chart for ANA redemptions.

  • Business Class
    • Australia / Canada / Western USA:
      • 105,000 points round-trip, 52,500 points one-way
    • Europe / Central & Eastern USA / Mexico:
      • 120,000 points round-trip, 60,000 points one-way
  • First Class from US to Japan ranges
    • Australia / Canada / Western USA:
      • 145,000 points round-trip, 72,500 points one-way
    • Europe / Central & Eastern USA / Mexico:
      • 170,000 points round-trip, 85,000 points one-way

a screenshot of a flight schedule

ANA stunned the world with their new 777-3ooER “The Room” Business Class and you can see why. It’s massive

an airplane seat with a screen and a monitor
“The Room” courtesy of ana.com

Not to be outdone…let’s take a gander at “The Suite” – their new First Class offering

an airplane seat with windows and seats

Air France/KLM

Yep, you can use Virgin Atlantic miles to fly on Air France. The chart is based on peak/off peak and business class one way from the USA to Europe ranges from 48.500 miles to 97,500 miles. Clearly, you want to find options that are off peak otherwise you could always search on Air France since it’s a transfer partner of Chase as well.

Read our review of Air France business class here

a plane with rows of tvs and seats

Delta

You can use Virgin Atlantic miles to fly on Delta as well, and in particular, to fly business class between the US and Europe for just 50k miles one way. This is significantly cheaper than Delta would charge using their own points, but this rate only applies to flights that aren’t going in/out of the UK.

a screenshot of a computerThis is a great redemption theoretically…in practice, finding the award availability for Delta One from the US to Europe is quite difficult, but still possible.

a teddy bear on a bed

Virgin Atlantic flights

Don’t forget about using Virgin Atlantic miles on Virgin Atlantic itself…there are quite a few great ways to do this; however, be prepared to pay some taxes and fees.

Upgrading a qualifying fare

Virgin Atlantic runs promos all the time, and you’ll often find Economy Classic or Delight pricing at $500 to $600 roundtrip from select US airports to the UK. A great use of Virgin miles is to upgrade those tickets to Premium Economy or Upper Class. That is done so using the following table ( add on a few more miles if its peak season )

a screenshot of a screen shot of a trip pointsYou could use 71,200 miles to upgrade your roundtrip from Economy to Upper Class ( you’d still earn miles on the base ticket too ).

a bed in a planeUpper Class

Watch out for those taxes and fees…but Virgin Atlantic releases a lot of award space on their own flights. Like..a lot. With rates starting around 47,500 miles for a one way upper class flight, it may be worth paying $600+ in taxes and fees to fly Upper.

a stuffed animal in a plane

Overall

A lot of people have added the Capital One Venture X or Capital One Venture Rewards to their wallet over the past couple years when bonuses have ranged between 75k and 100k. There are a lot of interesting redemptions options on Virgin Red that could turn your miles into a very luxurious trip.

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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Chase Sapphire Preferred® Card


4.8
4.8/5
The Chase Sapphire Preferred® is a great starter card that earns Premium Ultimate Rewards that can be transferred into over a dozen partners many of which are US based including Hyatt, Southwest, United, IHG, and Marriott.

Welcome Offer

Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. 

*you may find an elevated offer walking into a branch – see below

Annual Fee

$95

Points Earned

Transferrable Chase Ultimate Rewards

  • Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
    • That’s $750 when you redeem through Chase Travel℠
    • Some people have seen Chase branches offering the following:
      • 75k Ultimate Rewards After $4k spend in 3 months + 10k Ultimate Rewards after $6k in 6 months 
  • 5x on all travel purchased through Chase Travel℠
  • 3x on dining, including eligible delivery services for takeout & dining out
  • 3x on select streaming services
  • 3x on online grocery purchases
    • (excluding Target, Walmart and wholesale clubs)
  • $50 Annual Chase Travel Hotel Credit via Chase Travel℠
    • The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
  • 2x on all other travel
  • 10% Anniversary Bonus
    • Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
  • Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
  • Points are transferrable to 14 Ultimate Rewards partners
  • Redeem in Chase Travel℠ for 1.25 cents per point
  • No foreign transaction fees
  • Suite of Travel and Purchase Coverage
    • Auto Rental Collision Damage Waiver is my favorite
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024
  • $95 Annual Fee

We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.

Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.

Main Cast: 

Cards that earn flexible points and should be used on the bulk of your purchases.

Supporting Cast:

Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on. 

The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.

If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex℠and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners

Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

2 Comments

  • William April 13, 2024

    Capital One Venture X: Earn 75k miles after spending $4000 in the first 3 months.

    https://i.capitalone.com/JKHMQRjNV

    May the odds be in your favor! Thank You So Much!

  • Jordan April 2, 2024

    Capital One Venture X: https://i.capitalone.com/JF1KWxosX

    75,000 bonus miles after $4,000 spend in three months. I used this card recently to book airline tickets and ended up getting around 15-20% back as travel credits because the flight price dropped after booking .

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