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Virgin Money launches new 0% purchase card

Virgin Money launches new 0% purchase card

Category: Credit cards
Date: 02/12/2016

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 It is now over 6 months old so the content may be out of date.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 purchase credit card with an introductory purchase term of 27 months, just behind the market-leader. This has allowed the new card to gain a high position in the Best Buys, as well as earning it the highest Moneyfacts rating.

The basics…

The Virgin 27 Month Purchase Credit Card MasterCard boasts not only an introductory 0% purchase term of 27 months, but also an introductory balance and money transfer term of 20 months, offering borrowers the full interest-free package. It comes with an introductory balance transfer fee of 2.99% and an introductory money transfer fee of 4%.

The finer details…

Balance transfers must be completed within 60 days of issue to benefit from the introductory offer. 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.

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 launched with a bang, getting a high listing in the Moneyfacts Best Buy chart for its sector thanks to its attractive introductory terms, and thereby deservedly earning the highest 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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