Note: There is an identical offer as mentioned below for 25,000 Alaska Airlines miles
Similar to the current Alaska Airlines checking account offer, Bank of America is now offering 25,000 Virgin Atlantic miles for signing up for a checking account and having two direct deposits of $2,000 or more hit your account within 90 days. This offer is exclusive to Virgin Atlantic credit cardholders. If you have an open Virgin Atlantic credit card, you should be eligible for this offer, even though the terms indicate you must receive this communication (this is similar to the language on the BofA Alaska checking account offer). See a snapshot of the mailer below I received in the mail though it can also be found online.
Here are the key terms of the offer:
- Open either a Interest Checking account or Core checking account
- Setup two direct deposits of $2,000 or more within 90 days of the account opening
- Must NOT have had a Bank of America checking account within the past 12 months
- Offer expires July 31st
Bank of America currently has an identical offer for 25,000 Alaska miles which I find far suprerior. Alaska miles are worth a lot more, easier to use and you don’t have to worry about fuel surcharges. That all said, if you don’t have an Alaska credit card (which makes you eligible for that offer) but have a Virgin Atlantic credit card, this is an easy 25,000 miles for little work. You can have the monthly service fee of $12 waived for the Core account by maintaining a balance of $1,500 so fees aren’t an issue. For the direct deposits, you don’t need to have a paycheck of over $2,000 – Doctor of Credit maintains a great list of other ways to satisfy direct deposit requirements.
I’ll be passing on this offer as I’m taking advantage of the 25,000 Alaska Airlines checking account offer but if I wasn’t eligible/targeted for that offer, I’d consider grabbing this one.