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Virgin No Annual Fee Credit Card

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.

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% on purchases and balance transfers for 12 months when you apply by 29 September 2022.

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0% p.a.

Balance transfer rate

for 12 months

0% p.a.

Purchase rate

for the first 12 months (reverts to 18.99% p.a.)

$0 p.a.

Annual fee

55 days

Interest free period

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Product NameVirgin Money No Annual Fee Credit Card
Balance transfer rate p.a.0% for 12 months
Balance transfer revert rateCash Advance Rate (20.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate p.a.0% for 12 months, reverts to 18.99%
Annual fee$0
Interest-free periodUp to 55 days on purchases
Cash advance rate20.99% p.a.
Min credit limit$2,000
Max credit limit$10,000
Card typeVisa
Foreign currency conversion fee3.3%
Minimum income$25,000
Available to temporary residentsNo
Joint applicationNo


  • $0 annual fee for the life of the card
  • 0% p.a. interest rate for up to 12 months on balance transfers and purchases
  • Competitive purchase interest rate of 18.99% p.a.


  • The revert interest rates are relatively high
  • Although the card is issued by Virgin Money, you will not earn Velocity Points for your spending
Bonus pointsN/A
Annual fee$0
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3.3%
Cash advance fee2.7% or $2.70, whichever is greater
Overseas cash advance fee5%
Additional cardholder fee$0
Number of additional cardholders4

Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Virgin No Annual Fee credit card is a low frills product that can be used to repay an existing debt or cut back on card costs. The purchase rate and balance transfer offers are both a decent length, but have revert rates that are higher than some other cards at 18.99% for purchases and 20.99% for balance transfers. These rates will be charged if you have any remaining purchase or balance transfer debt at the end of the introductory period.

How to apply

You can apply for the Virgin No Annual Fee credit card and complete the secure online application in 10 minutes. Before you apply, check that you meet the eligibility criteria and have the required information ready to go.

Eligibility criteria

Card benefits

  • 0% purchase rate offer. Pay no interest on new purchases made with this card for the first 12 months when you apply by 29 September 2022. At the end of the introductory period, the purchase interest rate will revert to 18.99% Note that you will still be required to meet minimum repayments during the interest-free period.
  • Balance transfer offer. If you apply by 29 September 2022, you can take advantage of a 0% p.a. for the first 12 months on balance transfers. Once the introductory period is over, the rate reverts to the cash advance rate (currently 20.99% p.a.). You can transfer up to 80% of the approved credit limit from non-Virgin accounts.

Rates & fees

  • Interest rates. This credit card charges a purchase rate of 18.99% p.a. and a cash advance rate of 20.99% p.a. (variable).
  • Up to 55 interest-free days. You can save with up to 55 days interest-free on purchases provided that you pay your balance in full by the due date on each statement. Please note that you are not eligible for interest-free days while you are carrying debt from a balance transfer.

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  1. Default Gravatar
    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?

    • Avatarfinder Customer Care
      December 20, 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.


  2. Default Gravatar
    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.

    • Avatarfinder Customer Care
      December 6, 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.


  3. Default Gravatar
    December 2, 2017

    I currently have a Virgin credit card with 0 balance, can I apply for interest free period on a balance transfer?

    • Default Gravatar
      December 2, 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.


  4. Default Gravatar
    March 13, 2017

    If I decide to cancel the card (with zero balance) in less than a year, will I be penalized?

    • Avatarfinder Customer Care
      March 13, 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.


  5. Default Gravatar
    January 17, 2017

    Can one balance transfer amounts from 2 cards. One of self and the other spouse as long as they are both together within credit limit

    • Avatarfinder Customer Care
      January 17, 2017

      Hi Param,

      Thanks for your question.

      Unfortunately, Virgin Money credit cards do not allow joint balance transfer. If you want, you can check the list of balance transfer credit cards that allow joint cardholders featured on our website.


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