Low Rate Card card image

Virgin Money Low Rate Card

Advertiser disclosure
Purchase rate
11.99% p.a.
Balance transfer rate
0% p.a. for 15 months and then 21.69% p.a. (1.00% balance transfer fee)
Annual fees
Interest free days on purchases
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Mozo editorial review Virgin Money Low Rate Card - last updated: 30 July 2021

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What's hot
  • Low 11.99% p.a. purchase rate
  • 0% p.a. on balance transfers for the first 15 months (1% BT fee applies)
  • 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 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.

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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 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).

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. 


Rates and fees information correct as at 23 January 2022 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.

11.99% p.a.


0% p.a. for 15 months and then 21.69% p.a. (1.00% balance transfer fee)


21.69% p.a.








2.7%, Min $2.70










Payment options

Apple Pay, Samsung Pay

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