Is the Virgin Atlantic World Elite Mastercard worth it? September 2018 | finder.com

Virgin Atlantic World Elite Mastercard® review – September 2018

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Get decent value for your spending with Virgin Atlantic World Elite Mastercard® — along with bonus points and discounted tickets.

30-second take

  • Get this card if… you want to earn rewards for your loyalty to Virgin Atlantic.
  • Pick something else if…you don’t want to pay annual fees or if you want an intro APR offer.
  • Excellent credit score of 720 to 850 recommended.

Coming from Bank of America’s series of travel cards, the Virgin Atlantic World Elite Mastercard® is best suited for those who favor Virgin Atlantic over other airlines. Rewards come in the form of 1.5x miles on spending with Virgin Atlantic and x miles on all other purchases. With Flying Club partners like Delta, Virgin Trains and Marriott, you stand to collect miles even faster. No international transaction fees are an added bonus.

Product NameVirgin Atlantic World Elite Mastercard®
Card TypeMastercard
Annual Fee$90
APR (Annual Percentage Rate) for Purchases16.74% to 24.74% variable
Balance Transfer Fee$10 or 3% of the transaction, whichever is greater
Cash Advance Rate19.74% to 26.74% variable
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Foreign Transaction FeeNone
Interest Free PeriodUp to 25 days
Minimum Interest$1.5
Late Payment FeeUp to $38
Returned Payment FeeUp to $27
Additional Cardholder Fee$0
Minimum Age18 years of age
Welcome BonusEarn 20,000 points after your first purchase
Reward Value per Dollar1.5 points
Rewards Points ExpiryNever

The basics

The Virgin Atlantic World Elite Mastercard® comes with a generous signup bonus of 20,000 miles earned after your first purchase of any amount. You’ll get 15,000 bonus miles on each account anniversary and up to another 5,000 points when you add authorized card users to your account.

If you travel a lot outside the US, you’ll save even more by avoiding the foreign transaction fees that come with other cards. And if you spend $25,000 on purchases annually, you’ll get a second reward ticket for half the Flying Club miles when you redeem them for a Virgin Atlantic Economy reward ticket.

Whether the $90 annual fee is worth it depends on how often you fly with Virgin Atlantic and its many partners.

The perks

  • Signup bonus.

    Earn a signup bonus of 20,000 miles after your first purchase with no minimum spend requirement.

  • Opportunities for bonus miles.

    When you spend $15,000 on purchases in an anniversary year, you’ll receive 7,500 bonus miles. If you end up spending $25,000, you’ll get another 7,500 miles. And you can earn 2,500 bonus miles for each of the first two authorized users you add to your card.

  • Miles rewards.

    Earn 3x Flying Club miles when you spend with Virgin Atlantic and 1.5x miles on all other purchases. Spending with Flying Club partners accelerates your earnings, with some partner hotels offering miles for every dollar.

  • Multiple redemption possibilities.

    Redeem your miles for reward seats, companion seats and upgrades with Virgin Atlantic or partner airlines that include Delta, Singapore Airlines, Air New Zealand, Jet Airways and South African Airways. You can also redeem your miles for rewards through partner hotels, retail stores and rental car companies.

  • Tiered benefits.

    Earn 25 tier points for every $2,500 you spend on purchases, with a limit of 50 points in a month. Depending on how many tier points you collect, you can progress from red to silver to gold. Gold-level benefits include 60% bonus miles on every flight, extra carry-on and checked baggage privileges, exclusive clubhouse passes, guaranteed economy seats on any flight and a complimentary companion ticket at your annual renewal.

You’ll also like …

  • Complimentary concierge service.

    Available 24/7, their concierge service helps you secure dinner reservations, get tickets to events, coordinate business arrangements and more.

  • Trip cancellation/interruption insurance.

    If your trip is cancelled or interrupted due to a covered accident or sickness, you can be reimbursed for the unused, non-refundable portion of the fare, whether it’s a flight, bus, train or cruise — up to $1,500 per year.

  • Trip delay insurance.

    If your trip is delayed more than six hours due to a covered loss, you can be reimbursed for reasonable expenses — up to $250 per trip.

  • Rental car insurance.

    You can decline the rental company’s collision insurance and instead get covered for damages to your rental vehicle through Mastercard when you use it to pay for the rental transaction.

  • Travel accident insurance.

    You’re covered for Accidental Death and Dismemberment Insurance on your flight, bus trip, train ride or cruise excursion when using your Mastercard to pay for the fare.

  • Baggage delay insurance.

    Reimburses you for emergency purchases of essential items like toiletries and clothing if your baggage is delayed four or more hours on a covered trip.

  • Discounted companion tickets.

    Spend $25,000 on purchases in an anniversary year to qualify for an economy companion reward ticket at half the typical miles.

  • $0 foreign transaction fees.

    You don’t have to worry about paying yet more fees when you use this card overseas.

  • Points transfer.

    Easily transfer your miles to other Flying Club members.

  • Security and protection.

    This chip-enabled card offers enhanced protection in more than 130 countries. It also comes with $0 liability guarantee as a safeguard against fraudulent transactions.

What to watch out for

  • Annual fee.

    Paying the $90 annual fee won’t be worth it if you’re not a frequent traveler.

  • Penalties.

    Making a late payment will set you back up to 38%, and returned payments cost up to $27. Also watch out for a penalty APR of up to 29.99% variable.

Consider other cards if …

  • You don’t fly with Virgin Atlantic or its partners.

    If you prefer other airlines when traveling, consider an airline card that better fits your needs.

  • You don’t want to pay an annual fee.

    You’ll find a few rewards cards that come with no annual fees.

Compare Bank of America credit cards

Name Product Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$0
12.99% to 22.99% variable
Earn up to 3% cash back on business purchases with the Business Advantage Cash Rewards Mastercard® credit card.
$0
14.74% to 24.74% variable
0% for the first 15 statement closing dates (then 14.74% to 24.74% variable)
Transfer high rate balances and save on interest with an Introductory $0 balance transfer fee for the first 60 days your account is open. After that, the fee for future balance transfers is 3% (min. $10).
$0
14.74% to 24.74% variable
10,000 MyCruise® bonus points offer. Good for onboard credits, stateroom upgrades, discounts, cruises and more.
$99
16.74% to 24.74% variable
No matter where you're travelling, feel free to use your Asiana Visa Signature® credit card without incurring foreign transaction fees when making purchases.
$75
16.74% to 24.74% variable
Buy one ticket, get one for just the taxes and fees ($0 fare plus taxes and fees from just $22) after you make $1,000 or more in purchases within the first 90 days of your account opening. There are no blackout dates.
$90
16.74% to 24.74% variable
Get 20,000 Flying Club bonus miles after your first purchase.
$0
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
1% cash back on purchases, 2% at grocery stores and wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter.
$0 annual fee for the first year ($59 thereafter)
14.74% to 24.74% variable
15,000 bonus miles after your first purchase-enough for up to 3 roundtrip off-peak award tickets with taxes and fees from $12 per award.
$0
16.74% to 24.74% variable
10,000 bonus WorldPoints® reward points offer. That's enough for $100 off your next cruise.
$59
16.74% to 24.74% variable
0% for the first 12 statement closing dates following the opening of your account (then 16.74% to 24.74% variable)
Earn 15,000 Bonus Points - equal to $150 off your next Allegiant trip, after you make $1,000 or more in purchases within the first 90 days
$0
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
Online $150 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening.
$0
14.99% to 24.99% variable
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
Earn more cash back for the things you buy most.
$39
21.99% variable
Help establish, strengthen - even rebuild your credit
$0
16.74% to 24.74% variable
for the first 12 months (then 16.74% to 24.74% variable)
An intro offer rewards cardholders with a $250 value (25,000 online bonus points) after spending $1,000 within the first 90 days of account opening
14.99% to 24.99% variable
for the first 12 statement closing dates (then 14.99% to 24.99% variable)
Online 200 cash rewards bonus after making at least $500 in purchases in the first 90 days of your account opening.
$79
16.74% to 24.74% variable
20,000 bonus points offer. That's enough points to redeem for a trip to many of our over 500 destinations.
$0
14.74% to 24.74% variable
0% for the first 12 statement closing dates (then 14.74% to 24.74% variable)
1% cash back on every purchase, 2% at grocery stores and now at wholesale clubs and 3% on gas for the first $2,500 in combined grocery/wholesale club/gas purchases each quarter

Compare up to 4 providers

What to know before you apply

Apply for the Virgin Atlantic World Elite Mastercard® if you’re:

  • At least 18 years old.
  • A US citizen or permanent resident.

What credit score do I need?

An excellent credit score of 720 or higher increases the chances of your application’s approval.

How to apply for the card

1. Go to the Virgin Atlantic World Elite Mastercard® product page and click Apply Now.
2. Provide your personal and financial information and click Review your information.
3. Confirm that your information is correct and submit your application.

How long will it take to be approved?

Bank of America processes its applications online, and you’ll typically learn your application’s conditional approval soon after submitting it.

I got the card. Now what?

  • Make timely payments. Register your account online with Bank of America to monitor your spending and make payments.
  • Avoid interest. Make use of the 25-day grace period after each billing cycle to avoid paying interest on purchases.
  • Avoid unnecessary fees. Ensure that there are adequate funds in your bank account when making payments to avoid stiff late fees and bounced-payment penalties.
  • Customer service. Online help is available in the form of BofA’s Ask Jenn, or call 800-732-9194 for support. You can also connect with Bank of America on Facebook @BankofAmerica or Twitter @BofA_Help.

Bottom line

The $90 annual fee for the Virgin Atlantic World Elite Mastercard® could be well worth it if you frequently fly with Virgin Atlantic and its partners or even travel at all. It offers multiple rewards for your spending, including bigger returns for travel purchases. If you don’t fly that often or tend to use other airlines, consider a more flexible rewards card.

Common questions about the Virgin Atlantic World Elite Mastercard®

Adrienne Fuller

Adrienne Fuller leads the publishing team at finder.com. She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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