Update, 6/28:

I remember when JetBlue cried foul back when American attacked them in 2004 with $69 nonstops from JFK and Chicago to Long Beach and launched their AVBOS/AVNYC promotion, which offered a free round-trip ticket to anywhere in the world if you flew twice on American from Boston or JFK to Florida or California. I got 8 free systemwide tickets with that promotion and used 1 voucher to fly free from Sao Paulo to Tokyo with stopovers in Dallas, JFK, Los Angeles and Miami.
12 years later JetBlue has launched their most generous promotion in response to losing the bidding war for Virgin America.

-I sent in and got my match confirmation right away, but JetBlue got bogged down quickly and they are playing catch-up to respond to people. Keep checking your email for your registration confirmation and post a comment about when you registered and if you received confirmation yet.
-Multi-city itineraries (like JFK-Fort Lauderdale and West Palm Beach-JFK do count for this promotion.
-Officially, tickets booked before registration and 2 one-way tickets won’t count, though it’s possible that the system would credit the points anyway.
-The name on your SPG account does not need to match the name on the Virgin account and nearly all transfers have been completed in less than 24 hours. You can only make 1 transfer to a Virgin America account per 24 hour period.

Originally posted on 6/24:

American Express is a DansDeals.com advertiser.

Earn Up To 75K JetBlue Points After 1 Round-Trip If You Have Or If You Transfer Points To Virgin America!

JetBlue is offering bonus points for flying 1 round-trip flight if you have Virgin America Elevate points as follows:

You need to email JetBlue a screenshot of your Virgin America point balance, name, and member number (along with your JetBlue member number) by 7/4 to participate. You can transfer Starpoints to Virgin America in just 1 day, so even if you have no points currently, a transfer of 40,001 Starpoints would give you 50,001 Virgin America Elevate points to qualify for the highest offer.

You can earn Starpoints on the Starwood Preferred Guest® Credit Card from American Express and on the Starwood Preferred Guest® Business Credit Card from American Express.

You can also buy Starpoints for 30% off currently. Normally they cost 3.5 cents each, but with this sale they are just 2.45 cents each. If you you have 20,001 Starpoints already you can buy another 20K for $490 with this sale and then transfer them into 50,001 Virgin America points as 20,000 Starpoints converts into 25,000 Virgin America points and 40,000 Starpoints converts into 50,000 Virgin America points.

You can have a friend buy Starpoints as well and transfer them to your Virgin America account to get to the full 50,001 Virgin America points.

Points also transfer from Citi or AMEX to Virgin America, but at a paltry 2:1 ratio rather than the 20K:25K ratio that Starwood offers.

After emailing JetBlue and getting confirmation you just need to book and fly on any paid roundtrip on JetBlue by 8/31 to earn 75K bonus JetBlue points as shown in the chart above!

The bonus points will post within 4-6 weeks after the flight. The bonus points are in addition to the regular points you’ll earn from the paid flight.

Don’t have anywhere to fly? It can definitely be worth taking a mileage run to earn 75K points.

For example you can fly in and out of Boston from JFK for $120 or from Newark for $116.

Or you can fly from Newark to Boston for $102 round-trip if you spend the night:

What are these points worth?

Virgin America points:

Virgin America points will never expire, as long as you earn or redeem a point every 18 months.

Here’s a look at what your points will be worth for various one-way Virgin flights (Prices were researched on 6/24 and will fluctuate). Note that Starpoint rates listed below are assuming that you maximize the 25% point bonus for transferring Starpoints in blocks of 20,000 points (which you may or may not be able to do depending on the number of passengers, so you may have leftover miles):
1. Los Angeles to Las Vegas on 7/12 is $38.10 or 1,173 Virgin points (about 938 SPG)+$5.60. That’s a value of 2.78 cents per Virgin point (38.10-5.60/1,173) and 3.46 cents per Starpoint.
2. Newark to Los Angeles on 8/17 is $138.10 or 6,056 Virgin points (about 5,236 SPG)+$5.60. That’s a value of 2.18 cents per Virgin point and 2.72 cents per Starpoint.
3. Chicago to Los Angeles on 8/23 is $128.10 or 5,568 Virgin points (about 4,454 SPG)+$5.60. That’s a value of 2.2 cents per Virgin point and 2.75 cents per Starpoint.

The exact point requirements will vary based on the price of the Virgin flights, but those are some pretty sweet values!

You can also redeem points on partner airlines and you can view rates via this link.
Partners include Hawaiian, Singapore, and Virgin Australia with low or no fuel surcharges and Emirates or Virgin Atlantic with high fuel surcharges.

For example:
-A roundtrip from JFK nonstop to Frankfurt on Singapore is just 20K Virgin miles (about 16K SPG) in coach.
-A roundtrip from JFK nonstop to Honolulu on Hawaiian is 35K Virgin miles (about 28K SPG) in coach or 80K Virgin miles (about 64K SPG) in business.
-A roundtrip from JFK nonstop to London on Virgin Atlantic is 15K Virgin miles+$475 (about 12K SPG) in coach, 25K Virgin miles+$790 (20K SPG) in premium economy, or 35K Virgin miles+$1,150 (about 28K SPG) in upper class, Virgin’s version of business class with an on-board bar with access to their highly-rated clubhouse lounges.
-A roundtrip from Los Angeles nonstop to London on Virgin Atlantic is 25K Virgin miles+$475 (20K SPG) in coach, 30K Virgin miles+$790 (about 24K SPG) in premium economy, or 50K Virgin miles+$1,150 (40K SPG) in upper class.
-A roundtrip from Los Angeles or San Francisco nonstop to any of the Hawaiian islands on Hawaiian is 20K Virgin miles (about 16K SPG) in coach or 50K Virgin miles (40K SPG) in business.
-A roundtrip from San Francisco to Hong Kong or Seoul on Singapore is just 40K Virgin miles (about 32K SPG) in coach.
-A roundtrip from Los Angeles to Tokyo on Singapore is just 40K Virgin miles (about 32K SPG) in coach.
-A roundtrip from Los Angeles to Sydney on Virgin Australia is just 40K Virgin miles (about 32K SPG) in coach, 60K Virgin miles (about 48K SPG) in premium economy, or 80K Virgin miles (about 64K SPG) in business class.

JetBlue points:

-If you open a JetBlue Plus World Elite Mastercard you’ll get a 10% rebate whenever you use points, making the 75K points worth more than 82K points. Plus you’ll get 9-17 points per dollar on JetBlue, free checked luggage, 5,000 bonus points on every card anniversary, $100 cash back annually for spending $100+ on a JetBlue vacation, a 50% rebate for in-flight purchases, and no foreign transaction fees. If you spend $50K annually on the card you’ll also get Mosaic status which includes free changes and cancellations on JetBlue tickets for the Mosaic member and for everyone on their itinerary, 2 free checked bags, 15K bonus points for earning Mosaic status every year, free even more speed checkin and security access, early boarding, 3 additional points per dollar spent, free alcoholic beverages onboard, and a dedicated Mosaic 24/7 customer service line.

-JetBlue points never expire. JetBlue also allows families to pool their points together.

Here’s a look at what your points will be worth for various one-way JetBlue flights (Prices were researched on 6/24 and will fluctuate).
1. Chicago to JFK on 7/26 is $78.10 or 4.8K points+$5.60. That’s a value of 1.51 cents per point (78.10-5.60/3,700). JetBlue Plus cardholders would effectively pay 4,320 points, a value of 1.68 cents per point.
2. JFK-Los Angeles on 8/22 is $138.10 or 9.2K points+$5.60. That’s a value of 1.44 cents per point. JetBlue Plus cardholders would effectively pay 8,220 points, a value of 1.61 cents per point.
3. Long Beach-Las Vegas on 7/4 is $43.10 or 2.2K points+$5.60. That’s a value of 1.7 cents per point. JetBlue Plus cardholders would effectively pay 1,980 points, a value of 1.89 cents per point.

In summary, you can expect a value of at least 2.2 cents per point from Virgin America points on their flights, so 20K Starpoints would earn at least $550 of Virgin America flight. Or you can redeem 20K Virgin America points for a round-trip flight to Europe!

That’s a very compelling use of Starpoints alone due to the 25% bonus for transferring points which will make your Starpoints worth at least 2.75 cents each. That’s more than Starpoints cost to buy with the current sale.

If you are also flying JetBlue by August, or if you want to take a mileage run for about $120, you can parlay those Virgin America points into another 75K JetBlue points that can be worth 1.5-1.7 cents each if you’re not a cardholder ($1,125-$1,275 of JetBlue flights) or 1.6-1.9 cents each if you are a cardholder ($1,200-$1,425 of JetBlue flights).

If you have no Virgin America points, then transferring 40,001 Starpoints would earn you 50,001 Virgin America points (At least $1,100 in Virgin America flights or 2.5 round-trips to Europe) and 75K bonus JetBlue points ($1,125-$1,425 in free JetBlue flights in addition to the points that you’ll earn from the JetBlue flight) after taking 1 paid round-trip JetBlue flight.

Will you participate in this promotion? Hit the comments!

HT: 12HRS, via DDF