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Virgin Money improves all-round credit card

Virgin Money improves all-round credit card

Category: Credit cards
Date: 15/02/2018

Virgin Money has increased the introductory interest-free terms on its 0% interest credit card, which sees it enter the Best Buy chart for its sector in a competitive place and earn a high Moneyfacts rating.

The basics…

The Virgin Money 27 Month All Round Credit Card Mastercard now boasts an introductory interest-free term of 27 months on balance transfers, purchases and money transfers. It comes with an introductory balance transfer fee of 2.90% and money transfer fee of 4.00%.

The finer details…

Balances and money must be transferred within 60 days in order to qualify for the 0% deal. After the introductory periods have ended, balance transfers will be charged at an annual rate of 20.9% with a 5.00% fee, while standard purchases will be charged at 18.9% APR and money transfers will come with an annual rate of 22.9% and 5.00% fee.

Customers will be able to benefit from cashback on certain online shopping and exclusive offers through the Virgin Red app. Borrowers must be at least 18 years old and should remember that rates are representative and dependent on credit ratings. The card can be opened online or by phone.

Why we like it…

The increased interest-free term on balance and money transfers as well as purchases has made this all-rounder competitive enough to earn a place in our Best Buys, as well as a high rating, with its exclusive offers only adding to the appeal.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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