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Virgin Credit Card Guide

Virgin offers one credit card product but guarantees to offer its customers competitive APR and loads of handy benefits. The basic overview of the Virgin credit card is:

  • 0% on balance transfers for 19 months (one of the longest introductory periods on the market).
  • 0% on card purchases for 3 months.
  • Reprensentative 16.8% APR variable.

Although there is 0% on balance transfers and purchases for a few months, there is a 2.65% handling fee charged for balance transfers made in the first 60 days. The average card balance for most customers is around £1,200.

 

Other Card Benefits

The Virgin credit card also offers a host of other benefits, including:

  • No annual fee.
  • Up to 50 days interest free on purchases.
  • 10% off Virgin Holidays and Virgin Wines.
  • 1 month free at Virgin active gym.
  • Half price on Virgin balloon flights.
  • 10% off VIE at home.
  • Scheme to pay off your balance quicker - the card works in a way which all payments go to pay off the highest interest rate item first, rather the most cards that pay off the lowest to keep you in debt longer.
  • Online management of your account and a choice to receive paperless bills or manage your account by phone only.

 

Who do they accept as applicants?

Applicants for the Virgin credit card have to be earning a high salary and have low debts, according to their site. So, if you have a history of bad credit, you probably won't get this card.

 

When is a decision made?

The decision on whether or not you're eligible for the card is usually made within 7-10 days.

 

How do I apply?

You can only apply online for the Virgin credit card at uk.virginmoney.com.

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