Virgin No Annual Fee Credit Card – Review & Application
The Virgin No Annual Fee Credit Card has just been launched and features no annual fee, a great rate and a choice of colour.
This Virgin credit card comes with a 18.99% p.a. purchase rate and an excellent 2.9% p.a. for 6 months on balance transfers. It is a highly secure card and the constant customer support makes it ideal for anyone who travels across time zones on a regular basis.
The Virgin No Annual Fee Credit Card
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 |
This Virgin credit card comes with a number of benefits including the fact that there is no annual fee. The latter is valid for the lifetime of the card, so you will never have to pay this fee for as long as you own it.
Additionally, the Virgin No Annual Fee credit card offers an excellent purchase rate of 18.99% p.a. per year and offers up to 44 days of interest free usage on purchases. However, for cash advances the interest rate does jump to 20.99% p.a. per year and it is worth noting that the interest rates are variable.
Likewise, this Virgin credit card also offers a relatively low balance transfer rate of 2.9% p.a. for 6 months. This makes it an excellent option for people who have outstanding credit card debt on cards with higher interest rates so they can consolidate and pay off their existing credit cards faster.
However, you need to be aware of the fact that the amount you transfer is paid off first, before any purchases or cash advances. Additionally, before you make the decision to transfer your balance, though, you need to understand that if you don’t pay off the balance within the 6 months this interest rate is valid for, you will be subject to the 20.99% p.a. interest rate applied to cash advances. This means that you need to be sure you can pay it off in the first six months or you might end up paying a lot more than you first calculated.
The Virgin No Annual Fee Credit Card: Security to the Max
This Virgin No Annual Fee credit card is probably one of the safest on the market as there are a whole host of systems in place to protect you and your transactions. For example, the Fraudshield® system is in place to detect any irregular transactions that might take place with your credit card, which helps to identify any potential transactions made with your card by third parties.
If you lose your Virgin No Annual Fee Credit Card, there is a system in place that guarantees speedy replacement, with little hassle, so you won’t be waiting for weeks to get your card back. Additionally, Virgin offers customer service around the clock, every day of the week so that you can solve any issues that may arise at any time.
This Virgin credit card also features cutting edge secure chip technology, to further reduce the likelihood of unauthorized transactions going through. However, even if an unauthorized transaction does take place, Visa’s Zero liability policy ensures that these transactions will be reversed.
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% |
are you still able to receive the reward benefits from the no fee credit card like the velocity points? and also what is this card like to take overseas? What are the charges?
If there is no annual fee, do we get charged on monthly basis or on any cash purchases or advances?
Please supply details for overseas transactions.
If I apply for a zero annual fee card, can I have my wife as an additional card holder?
Hi Pete
Thanks for your comment
For the Virgin Money range of cards, the additional cardholder fees are as follows:
- $89 for each Additional Virgin High Flyer Card.
- $39 for each Additional Virgin Flyer Card.
- $0 charged for each Additional Virgin No Annual Fee Card
Hope this helps!
Cheers,
Jeremy
can you like this credit card to a savings account to automatically pay the balance off at he end of the month and what is the card max limit
Hi Paul
You are able to use a direct debit auto pay facility to pay the full closing balance shown on the monthly statement. You can nominate any transaction account to be debited.
The maximum credit limit on the Virgin No Annual Fee Credit Card is $10,000.
Cheers
Jeremy