Virgin America has just sent out targeted offers for 80% bonus on purchases of Elevate points. This offer is valid until March 20, 2013.
You an buy up to 20K Virgin America Elevate points per year. Note that I cannot provide a link to this offer, as it is targeted.
The price of 36K Elevate points (20K *1.8) is $1040. The price of a point purchased under this offer is 2.89 cents each.
Buying Elevate points to use them on Virgin America flights makes absolutely no sense at all. All the awards are priced dynamically and the maximum value that is attached to the point is capped at 2.15 cents each.
Now, however, you can also use Virgin America Elevate points for flights with Singapore Airlines. I just wrote about this new partnership earlier this week and you can access the article here.
There are some deals for Singapore Airlines flights that may make buying Elevate points worthwhile for you. You can use Virgin America’s partner award calculator for Singapore Airlines to calculate the number of points required for various routes.
Buying Elevate points for using them on Virgin America is a lose lose proposition. If you buy them to use them for flights on Singapore Airlines, the value proposition is there. Just make sure that you have use for the Singapore flights first and that the award space exists.
Here are the terms and conditions associated with this offer:
The 80% bonus promotion is only available to select Elevate members. Terms and Conditions apply. Price includes all applicable charges. GST/HST will be charged to Canadian Residents. Members can purchase a maximum of 20,000 Elevate Points in their individual account per calendar year including bonus points.