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Virgin Money improves 0% purchase card

Virgin Money improves 0% purchase card

Category: Credit cards
Date: 10/01/2017

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 It is now over 6 months old so the content may be out of date.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 increased the introductory purchase term on its 0% purchase credit card, which sees it sit just behind the market-leader. This has allowed the card to take second place in the Best Buys for its sector, as well as earning it our highest rating.

The basics…

The Virgin 28 Month Purchase Credit Card MasterCard now boasts an introductory 0% purchase term of 28 months, as well as an introductory balance and money transfer term of 18 months (down from 20 months). It comes with an introductory balance transfer fee of 1.99% (min £3) and an introductory money transfer fee of 2.99% (min £3).

The finer details…

Balance and money transfers must be completed within 60 days of card issue to benefit from the introductory offers. After the introductory periods have ended, standard purchases will be charged at 19.9% APR, while balance and money transfers will have an annual rate of 19.9% with a 5% fee (min £5).

The card can be requested online or over the phone, after which it can also be managed by post. Borrowers must be at least 18 years old, and should remember that rates are representative and dependent on credit ratings.

Why we like it…

This competitive card has made itself even more appealing thanks to this purchase term increase, earning itself the number two spot and the highest Moneyfacts rating as it offers the full interest-free introductory package.

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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