Yikes! It's been a full month since my last post. I'm totally slacking...anyways, this is semi-old news as I received an email from Chase last week and it's been mentioned across the blogosphere, but Chase has added Virgin Atlantic as its newest transfer partner in its Ultimate Rewards program.
That means if you have a Chase Sapphire Preferred card or an Ink Bold/Plus card, you can now transfer your points to Virgin Atlantic at a 1:1 ratio.
This essentially provides a way to transfer Chase UR to Hilton points as Virgin Atlantic miles transfer to Hilton at a 2:1 ratio. Of course, Hilton has recently undergone a huge devaluation, so their points aren't as valuable as they used to be, but it's always great to have new options.
As far as flying on Virgin Atlantic itself with miles, I'm no expert but everything I've read says it not the best redemption due to high taxes and fees. For example, flying New York to London round trip in economy will cost 35,000 miles and up to 400 GBP which is about $600 USD.
However, Virgin Atlantic does have a number of airline transfer partners, including Virgin America, which has some decent redemptions on short-haul flights. Examples would include 10,000 miles from Los Angeles to San Francisco and 12,500 miles from San Francisco to Vegas.
I'd say it's definitely worth looking into to see if there are any transfer partners that help you get more bang for your buck (or miles, in this case).
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