Thai Airways is offering two years of Royal Orchid Plus Gold status to customers who purchase a 350,000 Baht credit package by July 31, 2022.

The THAI Air Ticket Cash Credit is valid until December 31, 2023, but can be redeemed for tickets for other people via the THAI Contact Center or THAI ticketing offices worldwide.

For example, I remember American Airlines offering packages like this through their AAirpass program.

You can find this offer on Thai Airways website.

‘TIME TO GOLD’ package includes an Air Ticket Cash Credit Voucher valued at THB 350,000 (or equivalent in your local currency), plus a complimentary Royal Orchid Plus 2-year Gold membership status, which will let you experience the magical journey of leisure with THAI through the unrivaled privileges and benefits.

Sales Period :  25 May – 31 July 2022

The voucher can be purchased in the name of a company with a nominated individual.

If you're planning to travel with THAI frequently by yourself or with friends/partner/ family, this isn't a bad offer at all. It is easy to reach such an amount if you want to travel Business Class.

Existing Gold/Platinum members can get a referral system.

Current Royal Orchid Plus Platinum and Gold member can purchase Time To Gold package as a gift for other persons. In the event that the package purchaser is Royal Orchid Plus Platinum or Gold member, the purchaser will receive a complimentary of 6,200 Royal Orchid Plus bonus miles. The bonus miles are valid for one time during this promotion and will be credited to eligible Royal Orchid Plus member account by August 31, 2022

What are the general conditions of the credit?

  • Air Ticket Cash Credit is valid until December 31, 2023.
  • Air Ticket Cash Credit Voucher can be redeemed to issue revenue ticket inclusive of taxes and fuel surcharges for traveling on THAI flights (TG 3 digits) and THAI Smile (TG 4 digits) applicable to all revenue fares available at the time of redeeming ticket
  • Air Ticket Cash Credit Voucher cannot be used in conjunction with any other additional fees, ticket taxes and surcharges of Royal Orchid Plus, fees associated with revenue tickets, or any other THAI products and services.
  • Air Ticket Cash Credit can be redeemed for new booking and ticket issuing during May 25, 2022 until December 31, 2023 by making reservation and ticketing via THAI website, THAI Contact Center or THAI ticketing offices worldwide. In case of redeeming tickets for other persons via THAI Contact Center or THAI ticketing offices worldwide, TIME TO GOLD package owner’s consent document (valid passport/official ID card with authorized signature) is required.
  • Air Ticket Cash Credit Voucher is non-transferable, but can be used to issue tickets for assigned travelers at the package owner’s discretion through THAI website access www.thaiairways.com using Royal Orchid Plus membership number and PIN. If you don’t have PIN or forgot your PIN
  • Air Ticket Cash Credit Voucher can’t be used with Royal Orchid Plus Award tickets.
  • Air Ticket Cash Credit Voucher can’t be used to issue child or infant tickets when booking via thaiairways.com
  • In the event that the value of Air Ticket Cash Credit is insufficient for payment, the residual amount can be paid in cash or credit card through any of the available payment channels.
  • Air Ticket Cash Credit Voucher can be redeemed to issue air tickets within available credit amount. The local currency rate applies in relation to point of travel commencement. In case of different currency payment between Air Ticket Cash Credit Voucher and the redeemed ticket, a different currency exchange rate may affect the value of cash credit amount. THAI reserves the right to refer the organization’s exchange rate at own discretion.
  • Once Air Ticket Cash Credit Voucher is redeemed for ticket, Ticket terms and conditions apply.
  • In case of ticket refund with ticket conditions applied, cash credit will be returned to Air Ticket Cash Credit Voucher’s owner, within Air Ticket Cash Credit Voucher validity. If you redeem the ticket by using Air ticket Cash Credit Voucher plus cash, you can receive the cash refund only the cash payment portion.

I didn't find anything that would be difficult or unfair for the user to use the funds from the voucher. This is a decent deal if you can afford to part with the cash and if you have trips planned for which a ticket purchase is imminent.

This doesn't seem to apply to codeshare flights and ROP award tickets. I would assume that buying Round The World tickets is excluded based on these rules.

Conclusion.

THAI Royal Orchid Plus members who purchase a 350,000 credit voucher from the airline until the end of August will receive complimentary two-year Gold status with the frequent flyer program.

This isn't a bad deal if you're already planning to travel with THAI and/or have several people travel with you.

THAI is still very much cash strapped, which is probably their motivator for this offer. Thousands of people who never got any cash back for tickets purchased from THAI prior to their reorganization filing will never receive a voucher as they are now creditors of Thai Airways. While $10,000 isn't a fortune in the grand scheme of things, it isn't a watertight investment.

The full terms and conditions for this promotion are here.

TIME TO GOLD package consists of;

1. Air Ticket Cash Credit Voucher is valid until December 31, 2023

      • Air Ticket Cash Credit Voucher will be delivered to your registered email address within 24 Hours.
      • Air Ticket Cash Credit Voucher can be redeemed for ticket purchase inclusive of taxes and fuel surcharges to travel with THAI(TG 3 digits) and THAI Smile(TG 4 digits) to applicable fares at a time of redeeming ticket.
      • Air Ticket Cash Credit Voucher can be redeemed for the revenue ticket issuing during May 25, 2022 until December 31,2023 via THAI website, THAI Contact Center and THAI ticketing offices worldwide. In case of redeeming tickets for other persons via THAI Contact Center or THAI ticketing offices worldwide, Time to Gold package owner’s consent document(valid passport/official ID with authorized signature) is required.
      • Air Ticket Cash Credit Voucher is non-transferable but can be used to issue tickets for assigned traveler at package owner’s discretion by using Royal Orchid Plus membership number and PIN.
      • A redeemed air ticket reservation can’t be made by using multiple Air Ticket Cash Credit Voucher Numbers.
      • In the event that the value of Air Ticket Cash Credit is insufficient for payment, the residual amount can be paid in cash or credit card through any of the available payment channels.
      • Air Ticket Cash Credit Voucher can be redeemed for ticket within credit payment amount. The local currency applies in relation to point of travel commencement. In case of different currency payment between Air Ticket Cash Credit Voucher and the redeemed ticket ,a different currency exchange rate may affect the value of cash credit amount. THAI reserve the right to refer the organization’s exchange rate.
      • Once Air Ticket Cash Credit Voucher is redeemed for ticket, Ticket terms and conditions applied.
      • In case of refundable ticket, Cash credit will be refunded to Air Ticket Cash Credit Voucher’s owner. Ticket refund must be within Air Ticket Cash Credit Voucher validity. Expired cash credit amount in the voucher can’t be refunded.
      • Air Ticket Cash Credit Voucher cannot be used in conjunction with any other additional fees, ticket taxes and surcharges of Royal Orchid Plus, fees associated with revenue ticket or any other THAI products and services.

Royal Orchid Plus Gold Status, valid for 2 years from the card effective date.

  • Royal Orchid Plus Gold Status will be applied for the Silver and Basic member specified during the registration process. One membership number can receive one Gold Status during the Time To Gold Promotion. This offer is not valid for Royal Orchid Plus member status renewal.
  • Royal Orchid Plus Gold Status will be applied for the designate membership number within 3 working days.
  • Royal Orchid Plus Gold Package will be delivered to the address registered with Royal Orchid Plus. Please allow 3-4 weeks for package delivery by post. During this time period, Royal Orchid Plus digital card is available for download by login www.thaiairways.com/rop using membership number and PIN.
  • Current Royal Orchid Plus Platinum and Gold member can gift this package to other member. Royal Orchid Plus Platinum and Gold member who purchase the package will receive 6,200 bonus miles one time per TIME TO GOLD promotion.
  • TIME TO GOLD package is non-refundable and cannot be exchanged into cash in any circumstances.
  • Royal Orchid Plus program terms and condition applied.
  • THAI reserves the right to change or cancel this promotion without prior notice.