New 36-month balance & money transfer card | Product News - Moneyfacts

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New 36-month balance & money transfer card

New 36-month balance & money transfer card

Category: Credit cards
Date: 18/02/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Virgin Money has launched a new balance and money transfer credit card onto the market, securing a valued place on the Moneyfacts charts and the top rating thanks to its eye-catching terms.

The basics…

Virgin 36 Month Balance Transfer Credit Card MasterCard has a 36-month interest-free term for both balance transfers and money transfers, which come with introductory fees of 1.99% (min £3.00) and 4.00% (min £3.00) respectively. Borrowers can also take advantage of a three-month 0% interest term for purchases.

The finer details…

In addition to the highly competitive interest-free terms, the first 8,760 customers who transfer or make purchases of £1,000 in the first 60 days will receive a £50 Virgin Experience Day voucher. Applications must be made between 15.2.16 and 29.2.16.

In order to qualify for the introductory offers, borrowers must transfer balances within 60 days of opening an account. Once the offers expire, balance transfers will be charged an annual rate of 18.9%, while money transfers will be charged at 20.9%. A rate of 18.9% APR will be applied to standard purchases.

Borrowers must be at least 18 years old to apply and applications can be made by phone or online.

Why we like it…

This newcomer has made waves in this highly competitive market thanks to its appealing terms. Borrowers who are looking to pay off their outstanding credit card debt and manage their spending and other debts are likely to pay a great deal of attention to this deal, which also comes with the bonus of a £50 Virgin Experience Day voucher for eligible customers. This is an outstanding product that fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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