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Virgin Atlantic and Virgin Money launch new Flying Club credit cards

04/04/2018

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in learning more about this product should visit our credit card pages.

  • First products from the new partnership between Virgin Atlantic and Virgin Money, facilitated by Mastercard
  • Reward and Reward+ credit cards offer Flying Club miles on all spending which can be exchanged for Virgin Atlantic flights and more
  • All credit card customers have free access to Virgin Money Lounges and exclusive offers from the Virgin Group

Virgin Atlantic and Virgin Money have announced the first products under a new partnership between the two companies. The Virgin Atlantic Reward and Virgin Atlantic Reward+ Credit Cards will enable customers to earn Flying Club miles when using their card, which can be exchanged for the full range of Flying Club rewards including flights and cabin upgrades.

Virgin Atlantic Reward Credit Card

  • Earn 0.75 Flying Club miles for every £1 spent
  • Earn 5,000 bonus Flying Club miles with the first card purchase (within 90 days of account opening)
  • Earn double miles for all direct bookings with Virgin Atlantic and Virgin Holidays
  • Spend £20,000 in a year and choose a credit card reward (see below)
  • No annual fee

Virgin Atlantic Reward+ Credit Card

  • Earn 1.5 Flying Club miles for every £1 spent
  • Earn 15,000 bonus Flying Club miles with the first card purchase (within 90 days of account opening)
  • Earn double miles for all direct bookings with Virgin Atlantic and Virgin Holidays
  • Spend £10,000 in a year and choose a credit card reward (see below)
  • Free access to over 1 million global hotspots via Boingo Wi-Fi
  • Annual fee: £160

Credit card rewards
In addition to earning Flying Club miles, Reward and Reward+ customers can receive further credit card rewards based on spending. Red Flying Club members can choose a free Premium upgrade when flying Economy, or an Economy reward companion seat which enables them to take a companion for no additional miles. Silver members can choose from these same options, as well as a Premium reward companion seat or a pass for a Virgin Atlantic Clubhouse. Gold members can choose two Clubhouse passes, an Economy, Premium or Upper Class reward companion seat, or a free premium upgrade.

Oliver Byers, SVP of Sales and Customer Loyalty at Virgin Atlantic, said: “’We are incredibly excited to launch our new credit cards. With our cards customers can earn miles on their everyday spend to redeem for flights and upgrades and more. On top of that we’re offering our most valuable customers even more choice of rewards, so that they can create the Virgin Atlantic experience that suits them best.’’

Jayne-Anne Gadhia, Chief Executive at Virgin Money, said: “We’re delighted to be launching the first products from our exciting new partnership with Virgin Atlantic, in a market that’s seen greatly reduced customer choice in recent years. Together we are offering customers an easy way to earn Flying Club miles and access to a brilliant range of Flying Club and Virgin Group benefits, all supported by the outstanding service customers expect from the Virgin brand.”

All Virgin Atlantic Reward and Reward+ credit card customers have access to Virgin Money Lounges, where customers can relax, put their feet up and enjoy the surroundings. Membership is free, as are the refreshments, use of iPads, wi-fi, newspapers and facilities to help keep children entertained.

Customers also have access to a range of exclusive offers from the Virgin Group, including discounts on a range of Virgin products such as holidays, train tickets and experience days.

The agreement between Virgin Atlantic, Virgin Money and Mastercard follows Virgin Money’s decision in 2017 to switch to Mastercard for its entire credit and debit card issuing. The partnership will leverage Mastercard’s digital payments expertise and innovation capabilities in order to deliver convenient, safe and secure payments to all cardholders.

Mark Barnett, Divisional President for Mastercard in the UK, said: “We know travel related benefits are often the most popular and in demand by cardholders, and these same travel hungry consumers have shifted much of their payment behaviour onto cards over recent years because of the security and convenience they offer over cash. So it’s all the more exciting that these new cards will enable users to accrue their holiday benefits whenever they spend, wherever they are in the world.”

Virgin Money is Virgin Atlantic’s preferred retail financial services partner in the UK. Further information on Virgin Money credit cards can be found at www.virginmoney.com

ENDS

Media Contacts:

Virgin Atlantic Press Office:

press.office@fly.virgin.com

Virgin Money Press Office:

0191 279 4676

press.office@virginmoney.com

NOTES TO EDITORS

Product details

CardAnnual feeBalance transfer periodBalance transfer feeMoney transfer periodMoney transfer feePurchase rateRepresentative APR (variable)
Virgin Atlantic Rewardn/a0% for 6 months3.00%0% for 6 months3.00%22.9% p.a.22.9%
Virgin Atlantic Reward+£1600% for 6 months3.00%0% for 6 months3.00%22.9% p.a.63.9%
  • Promotional interest periods and fees will apply to any balance or money transfers within 60 days of account opening.
  • Promotional rates will no longer apply from the beginning of any statement period during which a customer has breached their terms, for example if they haven't paid on time or have gone over their credit limit.
  • Balances can be transferred from all credit cards other than existing Virgin Money cards.
  • Representative example based on a credit limit of £1,200.

About Virgin Atlantic

  • Virgin Atlantic was founded by entrepreneur Sir Richard Branson over 30 years ago after he decided the UK aviation industry needed shaking up and style injected back into it. On 22nd June 1984, Virgin Atlantic's inaugural flight to Newark took place, on an aircraft filled with personal friends, celebrities and the media.
  • The airline has pioneered a range of innovations setting new standards of service. For example, Virgin Atlantic was the first airline to introduce the Premium Economy product, include a bar in every aircraft for Upper Class customers, offer seatback TVs on every seat in every cabin, develop a fully flatbed seat and fly a commercial aircraft on biofuels. Despite Virgin Atlantic’s growth, the service still remains customer driven with an emphasis on value for money, quality, fun and innovation.
  • Today, Virgin Atlantic flies to over 30 destinations worldwide, including locations across the United States, the Caribbean, Africa, the Middle East and Asia. Virgin Atlantic currently has a fleet of 39 aircraft, which is comprised of Boeing 747s, Boeing 787s, Airbus A340-600s and A330-300s.
  • Further information on Flying Club membership is available at https://www.virginatlantic.com/gb/en/flying-club/how-flying-club-works.html

About Virgin Money

  • Virgin Money offers savings, mortgages, credit cards, current accounts, currency services, pensions, investments and protection products to customers across the UK.
  • Virgin Money's business ambition is to make "everyone better off" - this philosophy underpins our approach to business by offering good value to customers, treating employees well, making a positive contribution to society and delivering a profit to shareholders.
  • More than 13,900 charities have registered with Virgin Money Giving and, by the end of 2017, over £600 million had been donated to charities through the service since its launch in 2009, resulting in an estimated £19 million more donated to charities because of its not-for-profit model.

Supplementary notes

  • The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in learning more about this product should visit http://uk.virginmoney.com/virgin/cards for full terms and conditions.

Virgin Money plc - Registered in England and Wales (Company No. 6952311). Registered Office - Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.