Low Rate Card card image

Virgin Money Low Rate Card

Advertiser disclosure
Purchase rate
12.99% p.a.
Balance transfer rate
0% p.a. for 15 months and then 21.69% p.a.
Annual fees
$99
Interest free days on purchases
55

Mozo editorial review Virgin Money Low Rate Card - last updated: 16 May 2024

binocular icon
What's hot
  • Low 12.99% p.a. purchase rate
  • 0% p.a. on balance transfers for the first 15 months
  • 55 days interest free
What's not
  • Balance transfer reverts to high cash advance rate
Mozo snapshot

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 12.99% p.a., a 0% p.a. balance transfer rate for 15 months and up to 55 days interest free.


key icon
Key features

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 12.99% 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).


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Who is it good for

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.

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Any catches

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. 

Details

Rates and fees information correct as at 13 June 2024 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates

12.99% p.a.

none

0% p.a. for 15 months and then 21.69% p.a.

yes

21.69% p.a.

55

Fees

$99.00

none

none

none

$30.00

2.7%, Min $2.70

3.30%

$7.00

$7.00

$29.00

Features

$30.00

2.0

yes

none

Payment options

Apple Pay, Samsung Pay

Customer Reviews

How are Virgin Money credit cards rated by the Mozo community?

Overall
5.6/10
Price
5.9/10
Features
6.1/10
Customer service
5.2/10
Convenience
5.3/10
Trust
5.4/10
Based on 236 Virgin Money credit card reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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