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 Money 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% |
| Complimentary travel insurance | No |
| Minimum Income | $25,000 |
|---|---|
| Minimum age | 18 years of age |
| Available to temporary residents | No |
| Joint application | No |
Pros
- $0 annual fee for the life of the card
- 0% p.a. interest rate for up to 12 months on balance transfers if you apply by 30 June 2020
Cons
- Any outstanding balance amount that isn't 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% |
| 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 a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.
