With most credit cards charging 20% interest you can save a bundle by switching to the Virgin Money Low Rate Card. It has an ongoing 11.99% 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 44 days interest free.
The balance transfer offer of 0% for 14 months gives you a manageable timeframe to pay off debt and save on interest. Be disciplined about those repayments so that 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 12 month balance transfer offer ends.
On the other hand, if you've got some big spending planned, then you could snag $100 cash back by spending $500 each month for the first 3 months of having the card, for a total spend of $1,500.
Who it's good for:
Both big and small spenders - anyone who is looking to save on interest and earns over $35,000 a year.
Just watch that 14 month balance transfer repayment window.