Virgin No Annual Fee Credit Card
Last updated:
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% |
| 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 April 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 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.
