HomeCredit CardsVirgin Money › No Annual Fee Credit Card
Virgin Money

No Annual Fee Credit Card

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

Benefits & Features of the Virgin Money No Annual Fee Credit Card

The Virgin Money No Annual Fee Credit Card Promotional Offer.

$0 - No annual fee... ever +
0% p.a. for 18 months on balance transfers + (2% BT fee applies) +
$100 cash back when you spend $2,000 in your first 3 months

How it works

The 2% balance transfer fee is charged once and is added to your balance transfer amount at the time we process your request. Balance transfer rate reverts to cash advance rate after the promotional period, and minimum Credit Limit of $6,000 applies for this offer29.

How much could you save with this offer?

If you're paying 20% p.a. interest on a $7,000 balance, you could save up to $1,787 with the Virgin Money No Annual Fee Card balance transfer offer.

Features and benefits of the Virgin Money No Annual Fee 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
18.99% p.a.
Cash Advance Rate
20.99% p.a.
Annual Fee
$0
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 18 months with a revert rate of 20.99% p.a.
Introductory Purchase Rate Offers
No offers
Other Special Offers
Currently no special offers.

Rewards:
Rewards Available
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
N/A
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 No Annual Fee Credit Card has the 81st highest interest rate of 18.99% (4 others have the same) and the 80th lowest cash advance rate at 20.99% (2 others have the same) compared to 171 other credit cards. No other cards have a lower annual fee than $0 (26 have the same) and 91 have a lower or the same late payment fee of $10.

From Virgin Money site:

Introducing our No Annual Fee credit card, where you’ll enjoy all the advantages of having a credit card without having to pay an annual fee. Zip, Zero, Zilch, Nada. Absolutely nothing. So go ahead and make the switch to the card that makes nothing of it.
Go to Site ⇢

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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