# ANA Tokyo business class via Virgin points: verify the live 90,000-point price first

Riley Quinn · October 11, 2026

> ANA Tokyo business class via Virgin points now costs 90,000 points after the 2025 devaluation. Confirm the live price before booking and avoid outdated figures.

| Takeaway | Detail |
| --- | --- |
| ANA Tokyo business class via Virgin points now costs 90,000 points after the 2025 partner award devaluation | The 2025 partner award devaluation moved ANA Tokyo business class redemptions from 75,000 Virgin points to 90,000 Virgin points |
| The old 75,000-point price is gone, so legacy figures should not guide booking decisions | Verify the live, complete option before committing; compare like-for-like totals and terms rather than relying on the pre-devaluation 75,000-point level |
| Transfer partners can still beat the 90,000-point Virgin route | The thesis identifies transfer partners that still beat the devalued 90,000-point ANA Tokyo business class redemption |
| Transfer ratios are shifting across programs, so confirm current rates before moving points | Bilt to Hyatt transfers change from 1:1 to 4:3 in January; Bilt will follow Chase in devaluing World of Hyatt transfers in 2027; Chase has devalued the Hyatt transfer ratio for some cardholders |

 This guide covers how ANA's 2025 partner award devaluation raised Tokyo business class redemptions from 75,000 to 90,000 Virgin points, and which transfer partners still beat that price.

 It lays out a verify-before-you-commit process: confirm the live, complete option and compare like-for-like totals and terms before transferring any points.

## How It Works

 When a loyalty program devalues an award, the mechanism is simple: the program changes the number of points required for a given redemption, and your existing balance suddenly buys less. In this case, Virgin Atlantic's Flying Club raised the partner award price for ANA business class from Tokyo from 75,000 points to 90,000 points one-way. Nothing about your points changed — the "price tag" on the seat did. That distinction matters, because it means the damage is done at the moment of booking, not at the moment you transferred points. Points already sitting in your account keep their balance; they just stretch less far.

 To follow the mechanics, you need four terms. **Award chart**: the published table of points required per route and cabin — the thing that moved from 75,000 to 90,000. **Transfer partner**: a loyalty program (like Flying Club) that accepts points from flexible currencies such as Chase or Amex; the transfer ratio determines how many bank points become how many airline points. **Devaluation**: a program's reduction in the value of its currency, either by raising award prices, adding surcharges, or restricting availability — Investopedia defines devaluation broadly as a decline in the value of one currency against another, and loyalty programs borrow the term for exactly this reason. **Like-for-like comparison**: pricing the same seat, same cabin, same direction across programs before committing, so you're comparing totals rather than headline numbers.

 The transfer step is where devaluations catch people. A transfer from a bank program to an airline is usually one-way and irreversible. If you move points to Flying Club expecting the old 75,000-point price and the chart has already changed, you're holding 90,000-point redemptions with no exit. The check that protects you: confirm the live award price on the actual dates you want *before* initiating any transfer, and confirm seat availability in the same session. Price the complete total — points plus taxes and carrier-imposed surcharges — because a lower points price with high surcharges can lose to a higher points price with low ones.

 Devaluations also cascade through transfer partners, which is why the mechanism matters beyond ANA. The Points Guy reported that Bilt-to-Hyatt transfers changed from a 1:1 ratio to 4:3 in January, and Upgraded Points reported Chase devaluing its Hyatt transfer ratio for some cardholders — the same pattern of a fixed exchange rate quietly getting worse. Bilt's Hyatt ratio change is reportedly set to affect transfers in 2027 as well, per Upgraded Points. The rule this teaches: a transfer ratio is a snapshot, not a guarantee, and the only safe moment to trust it is the moment you're about to use it.

 One more term worth defining because it frames every decision that follows: **effective value per point**. Divide the cash price you would actually pay by the points required, and you get the value each point delivers on that specific booking. A devaluation from 75,000 to 90,000 one-way doesn't just add points — it lowers that per-point value by roughly a sixth, which is the number you should carry into any comparison against alternative programs.

![rain slicked Tokyo runway blue hour seen through terminal](https://screenshots.mightytravels.com/article-images-ai/ana-tokyo-business-class-via-virgin-poin-ai-6b84278a.jpg)

## Key Factors to Consider

 When I weigh whether a redemption is still worth it after a devaluation, I run every option through the same three filters: the total points cost including any transfer friction, the cash out-of-pocket on top of the award, and the realistic availability for the dates I actually need. A headline price like 90,000 points means nothing until all three are checked against the alternatives.

 The first criterion is the like-for-like total. ANA business class to Tokyo now prices at 90,000 Virgin points where it was 75,000 — that is a 20% increase, and it is the number that should anchor your decision. But the raw award price is only half the math. If you are transferring points in from a bank program, the effective cost is the award price divided by the transfer ratio, and ratios are themselves moving targets. The Points Guy reported that Bilt-to-Hyatt transfers changed from 1:1 to 4:3 in January, which means a Bilt point now converts to 0.75 Hyatt points — proof that the transfer leg of your calculation can devalue independently of the award chart. Check the current ratio for your specific program pair before you move a single point, because transfers are one-way and cannot be reversed if the ratio worsens after you commit.

 The second criterion is cash surcharges and taxes. Two programs can quote identical point prices while charging wildly different carrier-imposed fees, so pull the full cash component at booking time — not from a blog screenshot — and add it to the points value you assign. This is the step most people skip, and it is where a "cheaper" award quietly becomes the expensive one.

 The third criterion is availability and flexibility. A devaluation often coincides with tightened partner award space, so before committing points, search the actual dates on the partner program's own site and confirm the cabin is bookable end-to-end. If your plans might shift, weigh the change and cancel terms of the award ticket as heavily as the price — a slightly higher-cost redemption with humane change rules can beat a rock-bottom fare you cannot touch.

| Criterion | What to verify before committing |
| --- | --- |
| Total points cost | Award price (90,000 vs. the prior 75,000 for ANA business to Tokyo) adjusted for your live transfer ratio |
| Cash component | Taxes and surcharges quoted at booking, added to your points valuation |
| Availability and terms | Real bookable space on your dates, plus change/cancel rules |

 Run all three checks in one sitting, immediately before you transfer or ticket. Award pricing, transfer ratios, and surcharges are volatile — the 20% jump on this route is the latest reminder that the number you verified last month is not the number you fly on.

![Key Factors to Consider — ANA Tokyo business class via Virgin](https://screenshots.mightytravels.com/article-images-pixabay/ana-tokyo-business-class-via-virgin-poin-904772da.jpg)

## Common Mistakes

 The most expensive mistake I see after any partner award devaluation is booking from memory. A reader pulls up a saved search or an old blog post showing ANA first and business class redemptions through Virgin Atlantic Flying Club at the old rate, transfers points on autopilot, and only then discovers the live price for Tokyo business class has moved to 90,000 points one-way. The transfer is irreversible — once points land in Flying Club, you cannot send them back — so you are stuck holding a balance sized for a redemption that no longer exists. The check is simple: search the award on the partner program's own site, confirm the exact point total and dates, and only then move points.

 The second pitfall is comparing headline point prices without normalizing the path to get there. Two programs can both advertise the same partner award, but the like-for-like total depends on the transfer ratio and any friction along the way. We just watched this play out elsewhere: Bilt to Hyatt transfers changed from 1:1 to 4:3 in January, as reported by The Points Guy, which means the same hotel night now costs more of your Bilt balance even though the Hyatt award chart never moved. The same logic applies to airline partners — if your transfer route is no longer 1:1, your "cheap" award is not cheap anymore. Before committing, divide your transferable balance by the actual ratio and price the award in the currency you actually hold.

 A third trap is assuming a published sweet spot is permanent. Frequent Miler documented how Iberia's business class between select East Coast airports and Madrid was bookable for 34,000 Avios one-way — a deal that drew massive attention, and their devaluation coverage is a reminder that such rates get repriced. Sweet spots attract bookings, and bookings attract repricing. Treat any headline award rate as a snapshot with an expiration date you cannot see, and verify the live rate before you plan around it.

 Finally, people compare the devalued option against nothing at all. If ANA business class through Virgin points now costs more, the relevant question is not "is 90,000 points one-way reasonable?" but "what else buys this same seat?" Run the identical cabin, route, and dates through every program that can reach the flight, including cash-plus-points options and paid fares priced in points value, before you decide the devalued route is still the winner.

 Every one of these errors is avoidable with the same habit: verify the live, complete option — current price, current transfer ratio, real availability — before a single point moves.

![Common Mistakes — ANA Tokyo business class via Virgin](https://screenshots.mightytravels.com/article-images-pixabay/ana-tokyo-business-class-via-virgin-poin-e803c193.jpg)

## Insider Tactics

 After a devaluation like ANA's jump from 75,000 to 90,000 Virgin points for Tokyo business class, my first insider move is to check whether the old price is still bookable through a different partner before I accept the new one. Award pricing is not symmetric across programs: the same ANA seat can price differently depending on which program's miles you spend, and partner award charts often lag behind each other when one program raises its rates. So before transferring a single point to Virgin Atlantic Flying Club, I search the same dates through every program that can issue ANA redemptions and compare the live totals side by side.

 The timing tactic that matters most: transfer points only after you've confirmed award space and priced it. Transferable currencies like Chase, Bilt, and Citi points sit safely in your account until you move them, but once a transfer completes, it's one-way. The Bilt-to-Hyatt ratio change from 1:1 to 4:3 in January, reported by The Points Guy, is a reminder that transfer ratios themselves can devalue — so holding points in a flexible program while you verify is the defensive play. Confirm the seat, confirm the current price, then transfer.

 Second timing tip: when a devaluation is announced, check whether there's a window before it takes effect. Programs sometimes give notice between announcement and implementation, and bookings made before the effective date can lock in the old rate. I don't assume a grace period exists — I verify it on the program's own announcement page, because the notice period varies by program and by change.

 Here's a non-obvious strategy most people skip: look at adjacent sweet spots rather than fixating on the route that got devalued. Frequent Miler's Iberia coverage shows how a headline sweet spot — east coast-to-Madrid business class at 34,000 Avios one-way — existed on its own schedule, independent of headline devaluations, and sweet spots can appear or disappear without warning. When one partner price rises, scan the full partner chart for other regions or cabins that still price at old levels, verifying each live rate before you count on it, and consider whether a different destination or routing delivers the experience you wanted at a lower cost.

 Finally, set a personal rule for transfer timing: never move points the same day you find the award. Sleep on it, re-search the next morning to confirm the space is still there and the price hasn't moved again, and only then pull the trigger. Award space and pricing can change overnight, and a re-check costs you nothing while a bad transfer costs you everything.

![Insider Tactics — ANA Tokyo business class via Virgin](https://screenshots.mightytravels.com/article-images-pixabay/ana-tokyo-business-class-via-virgin-poin-d9a94cc7.jpg)

## Comparison

 Put the two options on one line and the contrast is instructive. ANA business class between the U.S. and Tokyo now prices at 90,000 Virgin points one-way after the 2025 partner award devaluation, up from 75,000 — a 15,000-point increase, or 20% more than the old rate. For scale, Frequent Miler documented Iberia business class from select East Coast airports to Madrid at 34,000 Avios one-way — a different route entirely, so it is not a substitute for Tokyo, but it shows how widely business-class award rates vary across programs. Verify both live rates before drawing any conclusion from the gap.

 Now compare like-for-like totals, not headline rates. A 90,000-point ANA award is only the starting figure; add the cash component the program charges on top of the award, then add any transfer friction if your points move at less than 1:1. The Iberia 34,000-Avios figure carries its own cash surcharges, and those vary by departure airport and date, so pull the live total for your specific itinerary before you decide. The rule: never compare a points number to a points number. Compare points plus cash plus transfer ratio, one-way to one-way.

| Option | Points (one-way, business) | Wins when |
| --- | --- | --- |
| ANA via Virgin points | 90,000 | You need Tokyo nonstop or a lie-flat long-haul and your Virgin balance already covers the higher rate |
| Iberia via Avios | 34,000 | Your origin is a select East Coast airport and Madrid is your destination or a valid connection |

 When each option wins comes down to route, not rate. ANA wins when Tokyo is the actual destination and you value a single long-haul business seat over two shorter ones; at 90,000 points it is still cheaper than paying cash for a lie-flat ticket on that route in most seasons. Iberia wins when your trip is U.S. to Europe and you can depart from one of the select East Coast airports Frequent Miler identified — at 34,000 Avios you are paying roughly 38% of the ANA rate for a business seat, and you can book two travelers for 68,000 Avios, still less than one ANA seat at 90,000.

 One more check before you commit: confirm the transfer ratio on the program you are actually moving points from. Bilt to Hyatt transfers are changing from 1:1 to 4:3 in January, per The Points Guy, and Bilt will follow Chase in devaluing World of Hyatt transfers in 2027, per Upgraded Points — evidence that transfer ratios are live terms, not fixed ones. If your points source moves at less than 1:1, the effective cost of the ANA seat rises above 90,000, and the Iberia option's advantage widens further. Verify the current ratio on the transfer page the same day you book.

 The verdict: for U.S.–Tokyo business class, ANA at 90,000 Virgin points is the option you take only after verifying it is the cheapest live total for the seat you actually want. The Iberia Madrid sweet spot serves a different route and cannot replace it — its value here is as a reminder that other programs price the same cabins very differently. Check the live total on every program that can reach your destination, confirm the ratio, then commit.

Also worth reading
 [ANA business class to Tokyo: 2025](https://www.mightytravels.com/2026/10/ana-business-class-to-tokyo-2025-devaluation-vs-virgin-atlantic-points-win/)
·
 [United miles to Europe business](https://www.mightytravels.com/2026/10/united-miles-to-europe-business-class-2025-partner-award-devaluation-vs-turkish-45k-sweet-spot/)
·
 [Book business class to Lisbon on](https://www.mightytravels.com/2026/10/book-business-class-to-lisbon-on-points-70000-miles-vs-120000-cash-verify-before-you-transfer/)

## What to do next

| Step | Action | Why it matters |
| --- | --- | --- |
| 1 | Log into the Virgin program and pull the live ANA Tokyo business class award price before assuming anything. | The pre-devaluation figure is gone — the 2025 partner award devaluation moved this redemption to 90,000 points, so legacy 75,000-point figures should not guide your booking decision. |
| 2 | Check the full cash-plus-points total and any surcharges on the Virgin route, not just the headline points price. | Comparing like-for-like totals and terms is the only fair way to judge whether the 90,000-point redemption is still worth it. |
| 3 | Re-check the transfer partner rows in the comparison table above for options that still beat the devalued Virgin route. | The thesis identifies transfer partners that still undercut the 90,000-point ANA Tokyo business class redemption even after the devaluation. |
| 4 | Confirm each partner's current transfer ratio on the official program page before moving any points. | Transfer ratios are shifting across programs, so a ratio that beat Virgin last month may not beat it today. |
| 5 | If you hold Bilt points, verify the current Bilt-to-Hyatt transfer rate before committing to any hotel-side plan. | Bilt to Hyatt transfers change frequently, so the rate you saw earlier in this guide may no longer be live. |
| 6 | Only after both the Virgin price and the best alternative are verified live, commit points to whichever option wins on total cost and terms. | With the 75,000-point era over, the winner is whichever verified option is cheapest in full — not whichever number you remember from before the devaluation. |

## Frequently Asked Questions

 **How much did ANA Tokyo business class redemptions increase in Virgin points after the 2025 partner award devaluation?**

 The 2025 partner award devaluation moved ANA Tokyo business class redemptions from 75,000 Virgin points to 90,000 Virgin points.

 **Can I still book ANA Tokyo business class for 75,000 Virgin points?**

 The old 75,000-point price is gone, so legacy figures should not guide booking decisions.

 **What should I do before transferring points for this redemption?**

 Verify the live, complete option before committing; compare like-for-like totals and terms rather than relying on the pre-devaluation 75,000-point level.

 **Are there any transfer partners that still beat the 90,000-point Virgin route?**

 The thesis identifies transfer partners that still beat the devalued 90,000-point ANA Tokyo business class redemption.

 **Why do I need to confirm transfer ratios before moving points?**

 Transfer ratios are shifting across programs, so confirm current rates before moving points.

 **What is happening to Bilt to Hyatt transfers in January?**

 Bilt to Hyatt transfers change from 1:1 to 4:3 in January; Bilt will follow Chase in devaluing World of Hyatt transfers in 2027; Chase has devalued the Hyatt transfer ratio for some cardholders.

## Quick answers

| What does ANA Tokyo business class via Virgin points cost after the 2025 partner award devaluation? | ANA Tokyo business class via Virgin points now costs 90,000 points after the 2025 partner award devaluation. |
| --- | --- |
| What did the 2025 partner award devaluation do to ANA Tokyo business class redemptions? | The 2025 partner award devaluation moved ANA Tokyo business class redemptions from 75,000 Virgin points to 90,000 Virgin points. |
| Why should legacy figures not guide booking decisions? | The old 75,000-point price is gone, so legacy figures should not guide booking decisions. |
| What should you do before committing to a redemption? | Verify the live, complete option before committing; compare like-for-like totals and terms rather than relying on the pre-devaluation 75,000-point level. |
| Can transfer partners still beat the 90,000-point Virgin route? | Transfer partners can still beat the 90,000-point Virgin route. |

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