HomeCredit CardsVirgin Money › Low Rate Credit Card

Rates and fees information correct as of March 1st 2017.

Benefits & Features of the Virgin Money Low Rate Credit Card

The Virgin Money Virgin Australia Velocity Flyer Card Promotional Offer.

A low 11.99% p.a. ongoing variable purchase rate. +
0% p.a. for 6 months on balance transfers.

How it works

Get one of the lowest ongoing variable purchase rates around at 11.99% p.a. Plus no interest on balance transfers for 6 months (reverts to cash advance rate).

Features and benefits of the Virgin Money Low Rate Credit Card

Visa payWave - For purchases of up to $100, now you can simply wave & go anywhere that has a Visa payWave sensor, making payments easy and convenient.

Fraudshield® - Rest assured that we're on the case, to keep your card safe around the clock with Fraudshield®. As long as you keep your contact details up to date, we'll contact you if we detect any irregular transactions on your account. Our cards also come with Visa's Zero Liability policy12, ensuring you won't be held liable for fraudulent transactions made with your card.

Rates and Fees:
Purchase Interest Rate
11.99% p.a.
Cash Advance Rate
21.69% p.a.
Annual Fee
$99
Balance Transfer Fee
There is a balance transfer fee of 2%.
Minimum Repayments
You must pay the Minimum Payment Due by the Payment Due Date each month. The Minimum Payment Due is (rounded up to the nearest dollar): i) the Card Balance if it is less than $30; or ii) the greater of: a) $30; or b) 2.00% of Card Balance; or c) the sum of 1.00% of the Card Balance, Late Payment Fee (if any) and interest charged for that month, plus any Monthly Instalment for that month.
Late Payment Fee
$10
Special Offers:

Balance Transfer Offers
0% for 6 months with a revert rate of 21.69% p.a.
Introductory Purchase Rate Offers
No offers
Other Special Offers
Currently no special offers.

Rewards:
Rewards Available
Frequent Flyer
Points Per Dollar Spent
- N/A
Partners
N/A
Annual Flights Earned
N/A
Value of Rewards
N/A
Perks:
Max Interest Free Days
44
Travel Insurance
VIP Treatment
Overseas Spending:
Currency Conversion Fee
3.3%
OS ATM Charges
$5
Est ATM Cost
$14.90 for AU$300 withdrawal
Credit Limits:
Minimum Credit Limit
$6,000
Maximum Credit Limit
$30,000
Security:
Security & Protection
Rest assured that we’re on the case, to keep your card safe around the clock with Fraudshield®. As long as you keep your contact details up to date, we'll call you immediately if we detect any irregular transactions on your account. Our cards also come with Visa's Zero Liability policy, ensuring you won't be held liable for fraudulent transactions made with your card.
Quick Comparison:

The Virgin Money Low Rate Credit Card has the 24th lowest interest rate of 11.99% (8 others have the same) and the 56th highest cash advance rate at 21.69% compared to 171 other credit cards. 109 cards have a lower annual fee than $99 (12 have the same) and 91 have a lower or the same late payment fee of $10.

From Virgin Money site:

Our Low Rate credit card is about as low as you can go. It has one of the lowest, ongoing variable purchase rates in the market. Plus, a low-balance transfer rate to help you control your money and save on interest. That’s why we rate it so highly!
Download Key Facts Sheet* ⇣Go to Site ⇢

* Key fact sheet is downloaded from Virgin Money website. (PDF, 98KB)

Apply Online ⇢ Compare Credit Card
About Virgin Money:

Virgin Money is a financial services brand used by three independent brand-licensees worldwide. Virgin Money branded services are currently available in Australia, South Africa and the United Kingdom. Virgin Money branded services were formerly offered in the United States.

Each Virgin Money branded entity acts independently from the others, thus the products vary from country to country.

More about Virgin Money from Wikipedia

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