When it comes to free flights from an airlines rewards credit card, one free bonus flight for new card members is standard. From time to time, you’ll find a special bonus of two free flights (these deals usually don’t last long). With the Virgin America Visa® Signature Card, you get bonus points worth up to three free flights. So I thought it would be worth reviewing this card.
How to Get the Bonus Points
Let’s start with the 15,000 bonus points. The first 10,000 are easy. Simply make a single purchase with the card, and you’ll receive 10,000 bonus points. These points by themselves are worth up to two round trip tickets (one-way award tickets start at 2,500 points).
The remaining 5,000 bonus points are awarded if you do a balance transfer of $5,000 or more within the first 90 days. If your balance transfer is for less than $5,000, you get one point for each $1 of transfer.
The transfer offer is reasonably good. You get 0% for 15 months, but must pay a 4% balance transfer fee. The best 0% balance transfer offer today is for 18 months with a 3% transfer fee (from the Citi Simplicity card). But to get an extra 5,000 points, it’s not a bad deal.
Beyond the bonus points, you also get $150 off a companion ticket each year. You earn 3 points per $1 spent on Virgin America, and 1 point on all other purchases. You can also earn an additional 300 Bonus Points for every $5,000 in net purchases per year, up to a maximum of 1,200 annual Bonus Points. Finally, there are no blackout dates for reward flights.
Interest Rates and Fees
Hopefully you’ll pay off your balances in full each month so you don’t have to worry about interest rates. But just in case, the interest rate on the card is 15.99% to 24.99%, based on credit worthiness. And there is a $49 annual fee (they offer a no annual fee version, but it doesn’t come with the same bonus points).
- Earn up to 15,000 Bonus Points on qualifying transactions
- Enjoy 3 Points per $1 on Virgin America purchases
- Earn 1 Point per $1 spent everywhere else
- Low Intro rate on balance transfers for the first 15 months after account opening
- $150 off a companion ticket every year
- No blackout dates on any seat, at any time for reward flights
- Please see terms and conditions for complete details
For more information or to apply online, visit the Virgin America Visa Signature Card website.
Published or updated June 10, 2012.