Virgin No Annual Fee Credit Card
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Save on card costs with a 0% balance transfer offer of up to 12 months and $0 annual fee with the Virgin Money No Annual Fee Card.
The Virgin No Annual Fee credit card offers a variety of features without the cost of an annual fee. One perk includes the balance transfer offer of 0% p.a. for up to 12 months.
0% p.a.
Balance transfer rate
for 12 months
18.99% p.a.
Purchase rate
$0 p.a.
Annual fee
55 days
Interest free period
Details
| Product Name | Virgin No Annual Fee Credit Card |
|---|---|
| Balance transfer rate | 0% p.a. for 12 months |
| Balance Transfer Revert Rate | Cash Advance Rate (20.99% p.a.) |
| Balance Transfer Limit | 80% of available balance |
| Purchase rate (p.a.) | 18.99% p.a. |
| Annual fee | $0 p.a. |
| Interest Free Period | 55 days |
| Cash advance rate (p.a.) | 20.99% p.a. |
| Min credit limit | $2,000 |
| Max credit limit | $10,000 |
| Card Type | Visa |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3.3% of transaction value |
| Complimentary Travel Insurance | No |
| Minimum Income | $25,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available to Temporary Residents | No |
| Joint Application | No |
Pros
- Save with a $0 annual fee for the life of the card.
- Take advantage of a 0% p.a. interest rate for up to 12 months on balance transfers if you apply by 24 February 2020.
Cons
- Any outstanding balance that has been brought to the card using the balance transfer feature and not paid off during the introductory period will be charged interest at the cash advance rate.
- Although the card is issued by Virgin Money, you will not earn Velocity Points for your spending.
| Annual fee | $0 p.a. |
|---|---|
| Minimum Monthly Repayment | 2% of the closing balance or $30, whichever is greater |
| Late Payment Fee | $30 |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3.3% of transaction value |
| 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 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.
