The Virgin No Annual Fee credit card offers a variety of features without the cost of an annual fee. This includes an introductory offer of 0% p.a. on purchases and balance transfers for 12 months when you apply by 31 January 2024.
Virgin No Annual Fee Credit Card

- Balance transfer rate for 12 months with no balance transfer fee
- 0% p.a.
- Purchase rate for the first 12 months (reverts to 18.99%)
- 0% p.a.
- Annual fee
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Save on card costs with 0% on purchases and balance transfers for the first 12 months with a new Virgin Money No Annual Fee Card.
Pros
-
$0 annual fee for the life of the card
-
0% p.a. interest rate for 12 months on balance transfers and purchases
-
Fraudshield security and Visa Zero Liability to help protect your account
Cons
-
The revert interest rates are relatively high
-
Although the card is issued by Virgin Money, you will not earn Velocity Points for your spending
Details
Product details
Product Name | Virgin Money No Annual Fee Credit Card |
Balance transfer rate p.a. | 0% for 12 months, then 20.99% |
Balance transfer limit | 80% of available limit |
Purchase rate p.a. | 0% for 12 months, then 18.99% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 20.99% |
Min credit limit | $2,000 |
Card type | Visa |
Eligibility
Available to temporary residents | No |
Minimum income | $25,000 |
Joint application | No |
Rewards
Bonus points | N/A |
Fees
Annual fee | $0 |
Minimum monthly repayment | 2% of the closing balance or $30, whichever is greater |
Late payment fee | $30 |
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
Sally Finder
Producer
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Amy Bradney-George Finder
June 16, 2023
Hi Karen,
As you’re an existing customer, you may want to discuss this with Virgin Money directly by calling 13 37 39. Alternatively, you can compare other balance transfer credit card offers on Finder. I hope that helps.
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Freya
December 17, 2018
I earn $25,480 on disability support pension, would Virgin accept this as my income it is over the minimum $25,000 that they require? My credit score is good too. What are my chances?
Jhezelyn Finder
December 19, 2018
Hello Freya,
Thank you for your comment.
For as long as you meet the eligibility criteria set by the issuer, you’ll have a bigger chance to be approved. You may refer to our credit card application tips to know how to get approved when you apply.
Please make sure though to read the eligibility criteria, features, and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.
Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.
Regards,
Jhezelyn
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Chris
November 30, 2018
Definitely not an instant approval card. I submitted all of my documents. So you have any idea how long will it take for them to get back to me with a decision? Wish I would’ve known this, as I would have opted for a different card.
Jhezelyn Finder
December 05, 2018
Hello Chris,
Thank you for your comment.
If you haven’t heard from Virgin, you can contact them directly to check your credit card application status. They may be able to confirm the status of your application or they may ask you to provide further information. Please refer to our guide on how to check your credit card application status.
Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.
Regards,
Jhezelyn
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Gilliah
December 02, 2017
I currently have a Virgin credit card with 0 balance, can I apply for interest free period on a balance transfer?

Ash Munoz
December 02, 2017
Hi Gilliah,
Thank you for reaching out to us.
You may take advantage of the Virgin Money No Annual Fee Card 0% p.a. balance transfer offer for 12 months if you are a new credit card applicant. You shouldn’t have an existing account with Virgin to avail their introductory promo. The balance transfer rate will revert back to 20.99% once the promo period ends.
I hope this helps. Please do not hesitate to reach out to us again if you have additional questions.
Cheers,
Ash
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Andy
March 12, 2017
If I decide to cancel the card (with zero balance) in less than a year, will I be penalized?
Anndy Lou Finder
March 12, 2017
Hi Andy,
Thanks for your question.
You’ll not incur a fee or penalty when you close your account in less than a year, as long as you did it the right way.
Cheers,
Anndy
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Karen
June 15, 2023
Hi
I’m wondering if I would be eligible to get this offer as I am the holder of another Virgin c/c which has a balance of less than $1,000 and will be completely paid off by the second week in July. I would like to transfer a balance from a credit card at another bank which is at approx $4,600 and I would like to apply for a balance of approx $7,000 and once the balance is paid at the other card I will then cancel that one and keep this one only. I earn approx [REDACTED] per annum and have a good credit history and own my own car which is only 1 year old.
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