Virgin Red links directly to Virgin Atlantic so this is basically the same thing. From within the Virgin Red side, you can redeem for things like Virgin Voyages, Virgin Hotels, luxury safaris, and even Richard Branson’s private “Necker Island.” It’s one extra click to move them into your Virgin Atlantic Flying Blue account.
You can view past transfer bonuses to Virgin Red and past transfer bonuses to Virgin Atlantic which range as high as 40% (excluding Bilt’s one day transfer bonuses).
You can also, of course, move the points to your Virgin Atlantic account where you can redeem for flights starting at 6,000 points. We like using points for domestic Delta flights (when there is availability!) as well as for SkyTeam flights and, of course, ANA First and Business Class flights. Virgin’s own flight rewards are dynamically priced but with high surcharges. I’d been seeing a lot of Upper Class seats from 29,000 points but I’m not seeing much now so do some homework on what you are hoping to book before transferring.
ANA First and Business class awards:
(Note that you can book one way for half the price of the points price listed.)