No Annual Fee Credit Card
Introducing the brand new credit card from Virgin Money with No Annual Fee – ever!
These days with so many credit card offers on the market it really is worthwhile shopping around to find the best offers; but having said that recent statistics indicated less than 6% of Australians actually look at comparisons before choosing their card. One of the reasons for that could be the number of offers and the complexity of trying to work through them.
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
2.9% p.a. for 6 months |
|---|---|---|
| Interest Rate on Purchases | |
18.99% p.a. |
| Annual Fee | |
$0 |
| Interest Free Period | |
up to 44 days |
| Cash Advance Rate | |
20.99% p.a. |
| Card Type | |
Standard |
| Minimum Income Requirement | |
$25,000 p.a. |
| Credit Card Type | |
Visa |
| Rewards Program | |
No |
However there is a new credit card on the market this week that really is worth taking a good look at. Virgin Money has released the Virgin No Annual Fee Credit Card with a low interest rate that is certain to appeal to a lot of Australian credit card customers.
It doesn’t come under the no frills category but this Virgin credit card certainly is a bonus for the budget conscious customer. We have listed below the main features and benefits so that you can make an accurate assessment as to how this card would suit your needs.
Features
This no annual fee card will prove to be very competitive in the low interest rate credit card market. It has all the features for the customer on a tight budget; with a low rate, no annual fee and a great balance transfer offer, this will be attractive to many Australians looking for a new and practical credit card.
One of the major attractions of this Virgin No Annual Fee Credit Card is the balance transfer offer. In recent times many Australians have found themselves struggling to keep up with their credit card payments and as fast as they make a payment the interest rate seems to keep growing.
This is where the new virgin credit card is a standout, with a 2.9% p.a. for 6 months balance transfer rate.
With the Virgin no annual fee card the customer looking for the low rate card is getting all their wishes in one card. With the added bonus of no annual fee for the life of the card and the low interest rate for a no annual fee credit card, of 18.99% p.a., this will suit many down to the ground.
With a choice of six bright colours to pick from, extra security features and some optional credit protection features, this card will be filling a definite need in the market, and offers solutions to those trying to reduce existing debts without locking themselves back into a high interest card to do so.
How to Apply
Applying for a new virgin credit card is easy. Applications can be completed online. Applicants must be at least 18 years old and earn a minimum of $20,000 to apply for a no annual fee credit card. Approvals are subject to meeting required conditions.
Read the official terms and conditions
| Minimum Income | $25,000 | Minimum Age | 18 years of age |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $2,000 | Max Credit Limit | $10,000 |
| Annual Fee | Balance Transfer Fee | ||
| Minimum Repayment | 2% | Interest Charged From | Purchase Rate |
| Late Payment Fee | $10 | Over Limit Fee | $40 |
| Overseas Emergency Replacement | Overseas ATM Balance check | ||
| Overseas ATM Withdrawal | Foreign Currency Conversion Fee | 3.3% |
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