The all-new Virgin Money Low Rate Card pushes all the right buttons for a low rate credit card - a hot ongoing purchase rate of 11.99% p.a., a 0% p.a. balance transfer rate for 15 months (1% BT fee applies) and up to 55 days interest free.
With some credit cards charging 20% p.a. interest you can save a bundle by switching to the Virgin Money Low Rate Card. It has an ongoing 11.99% p.a. purchase rate which is one of the lower credit card interest rates in the market. Pay off your balance in full each month and you'll enjoy up to 55 days interest free.
The balance transfer offer of 0% for 15 months gives you a manageable time frame to pay off debt and save on interest. Be disciplined about those repayments so you pay back most of the debt in the interest free period, as any outstanding balance will be charged at the high cash advance rate of 21.69% once the balance transfer offer ends.
Virgin Money are also giving loyal cardholders the chance to have the annual $99 fee waived over the long term. The annual fee will be waived for cardholders from their second anniversary when they spend at least $10,000 over the previous 12 months (on eligible purchases).
This card could be good for both big and small spenders - particularly those who are looking to save on interest with the relatively low purchase rate, or anyone who can take advantage of the long balance transfer offer.
Just watch out for that high 21.69% p.a. cash advance rate which will be applied to any debt which still hasn't been paid off after 15 months following a balance transfer.
11.99% p.a. |
|
none |
|
0% p.a. for 15 months and then 21.69% p.a. |
|
yes |
|
21.69% p.a. |
|
55 |
$99.00 |
|
none |
|
none |
|
none |
|
$30.00 |
|
2.7%, Min $2.70 |
|
3.30% |
|
$7.00 |
|
$7.00 |
|
$29.00 |
$30.00 |
|
2.0 |
|
yes |
|
none |
Apple Pay, Samsung Pay
I applied for this card after checking that a balance transfer is possible due to my current card having a unique transfer requirement. I was told it was, after being approved for a $18k card, I was told it was not. So now I am saddled with a card I can't use for the primary reason I needed one. There has been no follow up, no assistance, and no response to a complaint I submitted. I 1000% regret even applying, and never would have if they didn't provide incorrect information, which I cannot help but feel I was told just to get me to open a card with them.
Read full reviewI applied for this card after checking that a balance transfer is possible due to my current card having a unique transfer requirement. I was told it was, after being approved for a $18k card, I was told it was not. So now I am saddled with a card I can't use for the primary reason I needed one. There has been no follow up, no assistance, and no response to a complaint I submitted. I 1000% regret even applying, and never would have if they didn't provide incorrect information, which I cannot help but feel I was told just to get me to open a card with them.
I like virgin money because of their ease of access and great customer service.
Read full reviewI like virgin money because of their ease of access and great customer service.
Customer service is top with Virgin even though they seem to have offshore call centres. When I’ve had unauthorised use of my card they have taken immediate action and rectified it twice. I feel secure using my card with purchases.
Read full reviewCustomer service is top with Virgin even though they seem to have offshore call centres. When I’ve had unauthorised use of my card they have taken immediate action and rectified it twice. I feel secure using my card with purchases.
Great for Velocity points, we pay our balance every month so unsure of interest rate for the card. High annual fee.
Read full reviewGreat for Velocity points, we pay our balance every month so unsure of interest rate for the card. High annual fee.
Re-education rates and waiver over due accounts.
Read full reviewRe-education rates and waiver over due accounts.
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Platinum Edge Credit Card
23.99% p.a.
No current offer
$195 $0 in the first year
Membership Rewards
Platinum Visa Credit Card
19.99% p.a.
No current offer
$299
Qantas Frequent Flyer
Qantas Ultimate Card
23.99% p.a.
No current offer
$450
Qantas Frequent Flyer
Explorer Credit Card
23.99% p.a.
No current offer
$395
Membership Rewards
Velocity Platinum Card
23.99% p.a.
No current offer
$375
Velocity Frequent Flyer
Qantas Discovery Card
23.99% p.a.
No current offer
$0
Qantas Frequent Flyer
Qantas Ultimate Card
Qantas Frequent Flyer
$450
100,000
1.25 points up to 100,000 points/year, then
1 point uncapped
Platinum Visa Credit Card
Qantas Frequent Flyer
$299
50,000
1 point up to 20,000 points/month
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250 $150 in the first year
70,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Qantas Premium Card
Qantas Frequent Flyer
$249
20,000
1 point uncapped
Rewards Signature Card
NAB Rewards
$295 $145 in the first year
160,000
1.25 points uncapped
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
120,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
Low Rate Card
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
13.49% p.a.
$59 $0 in the first year
Premier Credit Card
0% p.a. for 6 months and then 22.24% p.a.
21.49% p.a.
$300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year
Citi Rewards Program
Blue Visa Credit Card
0% p.a. for 9 months and then 21.74% p.a.
0% p.a. for 9 months then 20.74% p.a.
$60
Q Rewards
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 24 months and then 20.99% p.a.
20.74% p.a.
$149 $0 in the first year
Velocity Frequent Flyer
More Mastercard
0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)
19.99% p.a.
$100
Bankwest More Rewards
Low Rate Card
13.49% p.a.
0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)
$59 $0 in the first year
Low Rate Credit Card
12.99% p.a.
0% p.a. for 20 months and then 25.99% p.a. (2.00% balance transfer fee)
$99
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Low Rate Visa Credit Card
9.90% p.a.
No current offer
$59
Low Rate Credit Card
8.99% p.a.
0% p.a. for 6 months and then 8.99% p.a.
$59 $0 in the first year
Blue Visa Credit Card
0% p.a. for 9 months then 20.74% p.a.
0% p.a. for 9 months and then 21.74% p.a.
$60
Flex Card
0% p.a.
No current offer
$120 $10 monthly fee waived if the outstanding balance on the previous statement is paid in full by the due date.
StraightUp Card
n/a
No current offer
$240 $20/month - waived if no spend & no balance owing
n0w Credit Card
n/a
No current offer
$228 Monthly fee is waived if account has a $0 balance and if card isn't used during the calendar month.
Platinum Mastercard
0% p.a. for 3 months then 25.80% p.a.
0% p.a. for 18 months and then 25.99% p.a. Use code BTMARACQ upon applying. to receive 0%pa on balance transfers for 18 months.
$99