Now through June 30th, get a 25% bonus when you convert American Express Membership Rewards points into Virgin Atlantic Flying Club miles.
There are pros and cons here. The pros: Right now, they’re offering roundtrip tickets to London over the summer for just 29,500 miles (ie, convert 24,000 MR points and you’ll get enough points with the 25% bonus for the flight). Also, they have reward availability during the summer, which is helpful.
The cons: They charge absolutely ridiculous fuel surcharges for award redemptions. That reward ticket will cost you $528 in fees, for example. Buying the ticket outright will cost you $1080, so it’s still an OK use of the points — essentially you’re getting a $550 voucher for 24,000 MR points. That’s about double the value of what you typically get for using MR points for a gift card.
In short, is is the best use of MR points? No. But if you’re a Flying Club member already, and you’re sitting on some points, it’s not a bad way to top off the account.