Virgin Money giving cardholders £40 credit towards annual fee

Jul 1, 2020

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As they often say: Better late than never.

Nearly four months into the coronavirus lockdown and subsequent halting of all things travel, Virgin Money is letting cardholders know what it’s doing to help. On Wednesday, the issuer began sending emails to cardholders of the Virgin Atlantic Reward+ Credit Card, informing them of a complimentary £40 credit towards the card’s annual fee.

In light of the coronavirus and downturn in travel, the issuer is giving cardholders of the premium Virgin Atlantic credit card a £40 credit towards their £160 annual fee — bringing the effective annual fee down to £120. For cardholders, there is no need to register for the offer — Virgin Money said that the £40 will be reflected in your account in “the next few days”.

Related: The ultimate Virgin Atlantic Flying Club guide

“In recognition of the unprecedented situation with COVID-19, we are giving existing Virgin Atlantic Reward+ credit card customers a £40 discount on their annual fee”, Virgin Money said in a statement.

If you’re a cardholder of the Reward+ card and haven’t received the email yet, don’t worry. A Virgin Money spokesperson told TPG that the issuer is emailing customers over the course of Wednesday. As long as you’re an existing cardholder, you will receive the email and therefore the £40 credit.

The Virgin Atlantic Reward+ Credit Card, which currently comes with a sign-up bonus of 15,000 Flying Club miles after making your first purchase within 90 days of account opening, typically carries a £160 annual fee. While this £40 annual fee reimbursement is nice, it’s not a huge amount. Cardholders will still have to pay £120 in order to keep the card, which is a good chunk of money when many of the card’s travel-related benefits aren’t being used in the midst of the coronavirus.

Related: Credit card review: Virgin Atlantic Reward+ Credit Card UK

The £40 credit towards the annual fee is in addition to changes that Virgin Atlantic has already announced. The airline has extended Flying Club members’ status by six months, as well as voucher expiry dates by six months. Finally, Virgin has stopped Flying Club miles from expiring.

Fellow U.K. card issuer American Express announced several benefits for cardholders over the past few months. For cardholders of the Platinum Card from American Express, Amex gave cardholders £100 to spend at popular retailers in the form of an Amex Offer. Additionally, the issuer gave cardholders of the Business Platinum Card up to £800 in statement credits during the coronavirus crisis.

Featured photo by Josh Gribben for The Points Guy.

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