Good morning everyone. A few days ago, the $149 annual fee posted to my Virgin America Premium Credit Card. I called the number on the back of the credit card to see if there were any retention offers available, but sadly, the rep had no offers available for me. Instead of closing the credit card, the rep suggested that I downgrade to the Virgin America Visa Signature Credit Card that had a $49 annual fee.
Most of the card benefits are the same for both cards, including the Virgin America $150 off companion discount code, free checked bag, and 20% off in-flight purchases. The only difference between the credit cards is the Visa Signature credit card does not earn status points (not a big deal since I am Virgin America Gold and Alaska Airlines MVP Gold), I will get charged a fee for changing or cancelling my ticket (I never used this feature when I had my Virgin America Premium Credit Card) and I will be charged foreign transaction fees (I will never use this credit card internationally).
The only reason I kept the credit card is for the Virgin America $150 off companion discount code and my curiosity surrounding what will happen to this credit card when the Alaska Airlines / Virgin America merger is complete. If my memory is correct, the Virgin America $150 off companion discount code used to only apply to the Virgin America Premium Credit Card, but sometime in the last year, that benefit was added to the Virgin America Visa Signature Credit Card.