Virgin Money Anytime Rewards Credit Card - Balance Transfer Offer - DISCONTINUED

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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

No longer available

The Virgin Money Anytime Rewards Credit Card - Balance Transfer Offer is no longer available for new applications. However, we’ve kept the information online for the benefit of existing customers and for those who are interested. Check out the current balance transfer credit cards here.

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 - DISCONTINUED
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 / Velocity Frequent Flyer
Bonus points	N/A
Rewards points per $ spent	1
Rewards points cap	Uncapped

Fees

Annual fee	$149
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.3%
Cash advance fee	2.7% of transaction value or $2.70, whichever is greater
Overseas cash advance fee	$5
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

You can apply for the Virgin Money Anytime Rewards Card in around 10 minutes. Before you get started, check that you meet the eligibility requirements and have all the necessary documents and details handy.

Eligibility criteria

New cardholder. The balance transfer offer is only available to new customers.
Residency. You must be an Australian citizen or a permanent resident.

Age. You must be at least 18 years of age.
Minimum income. You must earn at least $35,000 p.a. to apply for this card.
Credit history. You must have a good credit history. You can check your credit score for free through Finder.

Required documents

Personal details. This includes your full name, email address, contact number, residential address, date of birth, and marital status. You will also need to provide a valid form of ID, such as your driver's licence or passport.
Employment details. This covers your employment status, job title, salary and employer's contact details. You may also need to provide recent payslips, tax assessment notices or bank statements to verify these details.
Financial details. This covers any other forms of income and assets such as government payments or pensions, as well as any savings or other assets. You will also need to share details of your existing debts, cards and other loans, as well as estimates of your regular household expenses.
Balance transfer details. If you want to take advantage of the balance transfer offer on this card, you will need to include details of the debt, such as the account name, account number, provider's BSB and the total amount of debt you want transferred.

Card benefits

Balance transfer offer. Get 0% p.a. interest on balance transfers for the first 24 months, with a one-time 1% balance transfer fee. After the introductory period, any remaining balances will attract the card's cash advance rate, currently 20.99% p.a. Offer commenced on 04 September 2024 and may be varied or withdrawn anytime.
Virgin Money Points. Earn 1 Virgin Money Point per $1 spent on eligible transactions (uncapped) and extra 5 points per $1 spent on hotel bookings made through the Virgin Money app. These points can be redeemed for cash back, gift cards, transfers to Velocity Frequent Flyer and partner hotels.

Visa Platinum Concierge Service. This card gives you access to 24/7 concierge service, which can help with travel bookings, dining reservations, entertainment tickets and more.
Additional cardholders. You can request for an additional cardholder at no extra cost.
Mobile wallets. You can link your Virgin Money Anytime Rewards credit card to Google Pay, Samsung Pay and Apple Pay to make contactless payments using your qualifying device at the checkout.

Rates & fees

Annual fee. The Virgin Money Anytime Rewards Card charges an annual fee of $149.
Purchase rate. This card has a 19.99% p.a. interest rate for purchases, which is lower than the average standard rate according to the Reserve Bank of Australia.

Cash advance rate. The variable rate for cash advance transactions is 20.99% p.a.
Interest-free days. Get up to 55 days interest-free on purchases when you pay your balance in full each month. Note that you will be charged interest on retail purchases while you have a balance transfer.
Minimum credit limit. This credit limit for this card starts at $6,000.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Virgin Money Anytime Rewards Credit Card information PDF
2. Virgin Money Anytime Rewards Credit Card TMD

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Samui

September 13, 2025

Hello, I recently applied for the balance transfer offer and was rejected. Twice in the past with different banks I’ve had no problems so pondering why this time? The facts are I’m earning more money than my previous applications, my mortgage is considerably lower and I have an excellent credit rating, I was applying for $6000 and my outgoings are relatively modest. I’m probably not a preferred customer as I use balance transfer only and never use the card for purchases.. The only difference is I’m now 64 years old turning 65 in 5 months, to be honest I’m thinking age discrimination!. Do you think this could be the reason? I don’t want to keep applying for other offers and be rejected as this will show up on my credit rating.

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Richard Whitten Finder

September 15, 2025

Hi Samui,

There’s nothing worse than getting knocked back for a credit card several times and the providers never really give you an explanation. I assume you have a full time income and your spending is relatively low? In that case it’s hard to see why you’d get rejected.

Waiting a while before applying again is a good idea. If you can apply jointly with a partner it might boost your chances too.

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Rebecca

September 02, 2025

Do I have to spend money on this credit card or can I just aim to pay it off?

Richard Whitten Finder

September 08, 2025

Hi Rebecca,

You can just pay off your balance transfer and do nothing else with the card (not a bad idea if you’re really focused on getting rid of your debt).

You only need to spend money on the card ($3,000 in the first 3 months with the card) if you want to get the 80,000 bonus Virgin Money Rewards points. But that’s entirely optional.

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Matt

May 16, 2025

Hello, can a balance transfer from my Plenti personal loan?

Richard Whitten Finder

May 19, 2025

Hi Matt,

Yes, you can transfer personal loan balances onto this card.

Najeeba Shamil

February 16, 2025

Hi there,

Do I get reward points for the balance transfer amount to this card?

Sarah Megginson Finder

February 16, 2025

Hi Najeeba,

No, balance transfers are not eligible to receive rewards points.

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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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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Richard Whitten is Finder’s Senior Money Editor, with over eight years of experience in home loans, property, credit cards and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard started his career in education and textbook publishing in South Korea. He holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Bachelor of Education from the University of Sydney and a Graduate Certificate in Communications from Deakin University. See full profile

Virgin Money Anytime Rewards Credit Card – Balance Transfer Offer

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

Sources

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