Virgin Atlantic has simply made it a significantly better worth to switch factors between accounts, which loyalty program members will little doubt admire.
Virgin Atlantic modifications factors switch charges
Most airline and lodge loyalty packages allow you to switch factors between the accounts of various members at a value. With some packages that is free, different packages enable family accounts the place you’ll be able to pool factors, and with different packages it may be fairly pricey.
Alongside these strains, each Virgin Atlantic Flying Membership and Virgin Crimson (the general loyalty program of the Virgin model) have simply made a really optimistic change. Transferring factors between accounts will now price you a flat price of $15 in case your account is registered in the US, or a flat price of £10 in case your account is registered in the UK.
As a “level” of comparability (no pun meant), beforehand you’d pay a transaction price of $22 or £15, plus a price of $13.50 or £7.50 per 1,000 transfered factors. In different phrases, transferring 100,000 factors to a different member underneath the outdated system would price you $1,372, whereas now it’ll price you $15. I imply, who doesn’t like a very good 99% worth discount?
Now you can switch factors at this price both via the Virgin Atlantic Flying Membership web site or via the Virgin Crimson web site, and also you’ll want the account data for the individual you’re transferring factors to.
You’ll be able to switch as much as two million factors to a different member in a single transaction. At decrease quantities, you’ll be able to switch factors in increments of 1,000 factors, however while you get to greater quantities, the switch increments are a bit extra sporadic. Transfers will usually be accomplished inside 24 hours, however for bigger transfers, might take as much as seven days.
Is that this coverage change an enormous deal?
Simply to be abundantly clear, transferring factors to somebody doesn’t really generate any new factors, however quite simply permits you to consolidate factors in a single account. That is additionally completely different than while you switch factors from a bank card factors foreign money to Virgin Atlantic, as there’s no price to take action.
There are many circumstances the place this may very well be helpful:
- It may very well be precious if somebody has an “orphan” account with some small variety of factors in it, that they don’t intend to make use of
- It may very well be helpful when you have a redemption in thoughts, however don’t have sufficient factors in a single account to ebook it
- It may very well be helpful if somebody simply isn’t lively within the Flying Membership program, and their factors would expire, to allow them to switch the factors to a extra lively member
Paying a small transaction price to switch factors might make plenty of sense underneath these circumstances. By comparability, the earlier pricing was horrendous, as you have been paying an incremental 1.35 cents per transfered level, whereas that’s greater than I worth Flying Membership factors.
Why is Virgin Atlantic all of the sudden making this alteration? Properly, British Airways Govt Membership switched to a low price flat price for Avios transfers a number of months in the past, so Virgin Atlantic is following British Airways’ lead. That doesn’t even account for the way British Airways Govt Membership permits family factors transfers.
Virgin Atlantic has significantly improved its factors switch characteristic, no matter whether or not you’re transferring factors via Virgin Atlantic Flying Membership or Virgin Crimson. Now you can switch factors for a flat price of $15 or £10 (relying on the place your account is registered), which is a solution to consolidate factors between accounts. This pricing is so significantly better than earlier than, so kudos to Virgin Atlantic!
What do you make of Virgin Atlantic’s new moderately priced factors switch characteristic?
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