Virgin No Annual Fee Credit Card – Review & Application
Posted July 27th, 2010
and last modified September 2nd, 2010
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 16.95% 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
| Balance Transfer Rate |  |
2.9% p.a. for |
|---|---|---|
| Interest Rate | |
16.95% p.a. |
| Annual Fee | |
$0 |
| Interest Free Period | |
up to 44 days |
| Cash Advance Rate | |
20.99% p.a. |
| Card Type | |
Standard |
| 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 16.95% 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% 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% 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.
Click here to read the official terms and conditions
Related posts:
- Virgin Flyer Credit Card – Review & Application
- Virgin No Annual Fee Credit Card
- The new Virgin Credit Cards: Virgin No Annual Fee Credit Card and Virgin Flyer Credit Card
- Switch to Virgin Money – Balance Transfer to a new Virgin Credit Card
- Virgin Credit Card Customers Not Affected By Virgin Money’s New Deal
- Virgin Credit Card Application Requirements: What You Need To Know Before You Apply
- New Virgin Credit Card to be introduced by Virgin Money and Citibank
Show Comment Form
Editor's Choice: Our Top Credit Cards
HSBC Credit Card
0% for 6 months Balance Transfer & No Annual Fee
Featuring a $0 annual fee for life, and 0% p.a. balance transfer for 6 months, the HSBC Credit Card was voted the Best Transactor Credit Card for 2010.
Suncorp Clear Options Standard Visa Card