Get 22,500 Virgin Atlantic miles for moving an EXISTING Stocks & Shares ISA to Virgin Money

Links on Head for Points may pay us an affiliate commission. A list of partners is here.

Virgin Money has launched a very interesting new offer for anyone who is interested in transferring an EXISTING Stocks & Shares ISA.

Virgin Money has offered Virgin Flying Club miles for many years to people who have taken out new Stocks & Shares ISAs. I will look at this again over the weekend as the mileage offer is now up to 8,000 miles.

This is the first time it has ever offered an incentive for doing a transfer, however.

Take a look at this page of the Virgin Money website.

This is how it works.

Virgin Money will add up the total value of incoming Stocks & Shares ISA transfers you make between 8th April and 31st August as long as the account was opened by 30th June. As long as the money remains in your account at 31st December 2019, you will receive a bonus of Virgin Flying Club miles in January 2020.

For clarity, this offer does NOT apply to transfers of cash ISAs to Virgin Money.

This is how many miles you can earn:

£5,000 – £9,999 transferred = 5,000 Virgin Flying Club miles

£10,000 – £19,999 transferred = 7,500 Virgin Flying Club miles

£20,000 – £34,999 transferred = 12,500 Virgin Flying Club miles

£35,000+ transferred = 22,500 Virgin Flying Club miles

There is a lot to think about before you take advantage of this offer. You need to take a look at the fees charged by Virgin Money and how they compare with your current provider. Your existing ISA provider may charge a transfer fee which makes the deal uneconomic. Whilst Virgin Money has a number of different funds you can invest in, they may not be a perfect match for your current investment strategy.

You can find out more on this page of the Virgin Money site.

How to earn Virgin Points from UK credit cards (December 2021)

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, one has a bonus of 15,000 points):

Virgin Atlantic Reward Mastercard

The UK’s most generous free Visa or Mastercard at 0.75 points / £1 Read our full review

Virgin Atlantic Reward+ Mastercard

15,000 points bonus and the most generous non-Amex for day to day spending Read our full review

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:

American Express Preferred Rewards Gold

Your best beginner’s card – 20,000 points, FREE for a year & two airport lounge passes Read our full review

The Platinum Card from American Express comes with 30,000 Membership Rewards points, which convert into 30,000 Virgin Points:

The Platinum Card from American Express

30,000 points and an unbeatable set of travel benefits – for a fee Read our full review

Click here to read our detailed summary of all UK credit cards which earn 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.)

Category

Virgin Atlantic and Flying Club

This article is closed to new posts. Discussion continues in the HfP Forums.

RIccatti says:

12 Apr12 April 05:14

Not the best time for a product that does not allow holding money in cash (out of the market). Be it equities or bonds.
Frenzie01 says:

12 Apr12 April 07:14

Good point! Thanks!
Callum says:

12 Apr12 April 08:23

I invested £1000 in the ISA last time they had the offer and had £997 left when I could withdraw it. Still came out ahead with the 8000 miles but I don’t know if I’d trust them with £35,000 (perhaps irrationally given the past performance can’t predict future performance stuff).
- Frenske says:
  
  12 Apr12 April 10:26
  
  You should not really invest in stocks and shares for one year. The chance that you will lose money is reasonable high, the chance that will lose money over 5 years is very slim.
Ken says:

12 Apr12 April 08:32

At the risk of becoming a bore on this subject, note that Virgin funds are notoriously expensive for what they are. The All Share Tracker they offer was charging 1% until Feb 2019 where it was reduced to 0.6%.
This is still 10 times more than the cheapest offering.
These things matter.
- Shoestring says:
  
  12 Apr12 April 08:36
  
  0.6% doesn’t matter that much if it’s just a smallish short term punt to get the points, esp the new ISA promo tba Sunday though you can see it for yourself on the Virgin site
- Ken says:
  
  12 Apr12 April 08:41
  
  And while their fee includes the platform charge if going direct with them, it’s still a rip off on an epic scale.
  Naturally Virgin was the worse performing all share tracker in 2018.
- Doug M says:
  
  12 Apr12 April 08:47
  
  I agree, charges are key to choice. Using an ISA allowance wisely will contribute to being able to afford cash tickets. Making investment decisions on the basis of air miles is a bad start.
Rob says:

12 Apr12 April 08:35

Thanks, hadn’t seen that.
BJ says:

12 Apr12 April 08:37

Main conclusion to be drawn from this is that the good old days of miles from Virgin Money are gone for good, they have obviously learned their lessons. Nobody should be seriously contemplating them for ISAs, savings or money transfers, there are much better options available.
- BJ says:
  
  12 Apr12 April 09:34
  
  Problem is even that is one time only now IIRC so we are out 🙁
  - Shoestring says:
    
    12 Apr12 April 17:20
    
    there’s always the free Orbis £100! 🙂
    
    currently not avail
  - guesswho2000 says:
    
    12 Apr12 April 22:35
    
    Is that being enforced than? Shame…
- Alex W says:
  
  12 Apr12 April 21:05
  
  Is fidelity any good?
- Lady London says:
  
  12 Apr12 April 22:26
  
  Well regarded historically. However the thing to keep track of is when a successful money manager makes a career move to another firm. Worth thinking about having your money follow them.
- Ken says:
  
  13 Apr13 April 08:26
  
  Fidelity has a big range of funds and some very low charge (0.06% OCF) trackers.
  Excellent starting point for anyone.
Waddle says:

12 Apr12 April 13:58

Apologies for this OT. A week ago maybe someone posted a link to a site where one could get a card or some sort of pass for the Virgin Money lounges so you don’t have to prove you have a Virgin Money product every time you visit. Can’t seem to find it. Would someone be able to post it again for me please?
- Louise says:
  
  12 Apr12 April 14:46
  
  Someone said it’s in the app, altho haven’t downloaded it yet
  - Michael says:
    
    12 Apr12 April 16:16
    
    Yeah there’s some sort of lounge pass in the app.
- Rob says:
  
  12 Apr12 April 16:36
  
  You register on their website and you get sent a card (or, on first visit after registration, they give you one – can’t remember which)
- Shoestring says:
  
  12 Apr12 April 16:56
  
  hey! that was me 🙂
  
  wait a minute
  - Waddle says:
    
    12 Apr12 April 17:02
    
    Thanks very much!
  - Shoestring says:
    
    12 Apr12 April 17:09
    
    got one of my sub £10K pensions going with Virgin so that I can potentially benefit from the small pot pension scheme rules – which also means I can get into the VM lounges
    
    unfortunately nothing down in Cornwall 🙂
  - Shoestring says:
    
    12 Apr12 April 17:27
    
    https://retiready.co.uk/retirement-income-planner/options/pension-small-pots.html
  - Genghis says:
    
    13 Apr13 April 11:43
    
    @Harry. I wasn’t aware of the small pot “scheme”. However, doesn’t look too advantageous. You’re still taking 25% tax free, like with larger pension pots, just that the remaining 75% can also be taken as a lump sum (less IT) vs being used for drawdown (where there’s more control over smoothing for tax purposes).
John says:

12 Apr12 April 17:02

You get a card on your first visit. They take a photo (but it isn’t printed on the card, just stored in the database).