Virgin Money Anytime Rewards Credit Card – Balance Transfer Offer

- Balance transfer rate for 24 months with 1% balance transfer fee
- 0% p.a.
- Purchase rate
- 19.99% p.a.
- Reward point per $ spent
- 1
- Annual fee
- $149 p.a.
Our verdict
Offers 0% interest on balance transfers for 24 months, but with a 1% fee and no interest-free days on purchases while you have a balance transfer.
This credit card offers a pretty competitive balance transfer offer with a long balance transfer period. And it also lets you earn Virgin Money Points on your spending. There's no cap on the points you can earn and the annual fee is quite reasonable.
Note that this card lets you earn Virgin Money points, not Velocity Points. But you can redeem these reward points for Velocity Points. And there's no interest-free days on card spending if you have a balance transfer.
Pros
-
0% p.a. interest rate on balance transfers for the first 24 months
-
1 Virgin Money Point per $1 spent on eligible spending, uncapped
-
Visa Platinum Concierge Service
Cons
-
Charges a one-time 1% balance transfer fee
-
High 20.99% p.a. interest rate for balance transfers after the introductory period
-
No complimentary international travel insurance
Details
Product details
Product Name | Virgin Money Anytime Rewards Credit Card - Balance Transfer Offer |
Balance transfer rate p.a. | 0% for 24 months with 1% balance transfer fee, then 20.99% |
Balance transfer limit | 80% of available limit |
Purchase rate p.a. | Purchase rate p.a.19.99% |
Interest-free days | Up to 55 days on purchases |
Cash advance rate p.a. | 20.99% |
Min credit limit | $6,000 |
Card type | Visa |
Eligibility
Minimum income | $35,000 |
Joint application | No |
Rewards
Rewards program | Virgin Money Rewards |
Bonus points | N/A |
Rewards points per $ spent | 1 |
Rewards points cap | Uncapped |
Fees
Annual fee | Annual fee $149 |
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $30 |
Foreign currency conversion fee | Foreign currency conversion fee 3.3% |
Cash advance fee | 2.7% or $2.70, whichever is greater |
Overseas cash advance fee | $5 |
Additional cardholder fee | $0 |
Number of additional cardholders | 4 |
Your reviews

Richard Finder
Money Editor
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Sarah Megginson Finder
February 13, 2025
Hi Dilpreet,
Usually, banks will apply your payment towards your high-interest bearing retail purchase first, and any remaining payment goes towards your balance transfer. For instance, if you make $250 worth of retail purchases and make a $500 payment, $250 will go towards the interest-bearing purchases and the other $250 towards the balance transfer.
In order to make this work, you would need to pay the balance of all retail purchases in full each month (not just the minimum repayment), and also make a payment towards your balance transfer. So if you spend $500 and the minimum repayment is $50, you would need to make a payment of $500 plus an amount towards your balance transfer (if you don’t make a balance transfer payment, the debt may still be outstanding when the BT ends, and the debt will revert to a higher interest rate).
Hope this helps!
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Traveller
January 09, 2025
Will this card allow me to pay out an existing personal loan through a bank?

Angus Kidman Finder
January 12, 2025
Yes, you can potentially transfer a personal loan with this balance transfer offer.
Dilpreet Singh
February 13, 2025
I would like to understand if it is possible to manage my payments in a way that allows me to pay off the balance transfer portion separately from any retail purchases made on the same card.
How are payments typically allocated between the balance transfer (promotional) portion and the standard retail purchase portion?
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