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Currently, Chase Ultimate Rewards offers a 40% transfer bonus to Virgin Atlantic Flying Club. This is a bigger than normal transfer bonus and you have until November 20 to take advantage of the deal. Then, until December 5, the transfer bonus will be reduced to 30%.
Chase points transfer to Flying Club at a 1:1 ratio. However, with this transfer bonus, 1,000 Chase points is equivalent to 1,400 Flying Club points.
Thanks to Virgin Atlantic’s special fares, you can reserve a business class seat to Europe by transferring only 21,000 Chase points.
Here’s what you need to know about this offer.
Related: How I booked a lie-flat business class seat to London for only 21,000 points
Chase Ultimate Rewards 40% Transfer to Virgin Atlantic Flying Club Bonus
Since Virgin Atlantic launches new Saver Award prices in 2024, you can book one-way flights to London from select US cities at the following prices:
- Economy Class: 6,000 points
- Premium Economy: 10,500 points
- Upper class: 29,000 points
However, to take advantage of Chase’s 40% transfer bonus, you can simply transfer the following amount to Flying Club:
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- Economy Class: 5,000 points
- Premium Economy: 8,000 points
- Upper class: 21,000 points
Note that while special fares may have lower redemption rates, Virgin Atlantic imposes hefty airline surcharges, with first class fares exceeding $200 one way. Additionally, flights from London will be more expensive due to UK Air Passenger Tax. That being said, it’s still a good deal to redeem your points and pay over $500 for a lie-flat business class flight, potentially saving you thousands of dollars.
For example, here’s a business class flight from Orlando International Airport (MCO) to London Heathrow Airport (LHR) in February for 29,000 points plus $563 in taxes and fees. Booking the same flight with cash would cost $3,216.
Specifically, you simply transfer 21,000 Chase points to your Flying Club account. By booking this deal, you’ll get a value of 12.63 cents per point, which is significantly higher than TPG’s November 2025 valuation of Ultimate Rewards points (2.05 cents per point) and Flying Club points (1.3 cents per point).
While grabbing a Saver level seat is a great deal, Virgin Atlantic does use dynamic award pricing, which means some business class fares can cost well over 100,000 points.
RELATED: How I Used Credit Card Rewards to Save Over $6,500 on a Family Vacation to Italy
How to transfer your Chase points to Virgin Atlantic Flying Club
The transfer process is simple. After creating your Virgin Atlantic Flying Club account, log into your Chase Ultimate Rewards account, click the Transfer button, and enter your Flying Club membership number.
You must transfer Chase points in 1,000-point increments. Additionally, transfers are irreversible, so be sure to check reward availability forward Transfer your points.
Remember, to get the 40% bonus points, you must transfer your Chase points before November 20th; after that, the bonus will drop to 30% through December 5th.
bottom line
Taking advantage of this amazing transfer bonus could be a lucrative option for you. Plus, even if you don’t have plans to fly to the UK or book a flight with Virgin Atlantic, you can always use your Flying Club points to book on partner airlines like ANA, Delta, Air France or KLM.
When you find an available room, there are some great deals available.
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