If you're on the hunt for a straight up credit card, and you're diligent about paying off your balance in full each month, the Virgin Money No Annual Fee card won't cost you a cent. Firstly, there is no annual fee for the life of the card, you get up to 55 interest free days on your purchases, and you can use the card anywhere in the world where Visa is accepted.
Aside from not having to pay any yearly fees, the Virgin Money No Annual Fee Credit Card also has a balance transfer offer of 0.00% p.a for the first 12 months, until 30 November 2020. Then, be diligent in paying it off in the intro period that you qualify for otherwise you'll find yourself paying the high cash advance rate of 20.99% until it's cleared.
Until 29 January 2021, purchases are also free for the first 12 months before reverting to 18.99%, while cash advances are charged at 20.99%. As long as you pay your balance in full each month, you'll get up to 55 days interest free.
When you use your Virgin Money credit card overseas you'll be charged a foreign currency exchange fee of 3.30% of the transaction amount.
There isn't a rewards program tied to the No Annual Fee card but fashionistas will be spoilt for choice with 2 colours available with this card.
Anyone that wants a no strings attached credit card for shopping online or in store may do well with this card.
It's worth pointing out again that with the Virgin Money No Annual Fee Card any remaining balance at end of the balance transfer intro period will get charged at the high 20.99% cash rate.
18.99% p.a.
0% p.a. for 12 months
0% p.a. for 12 months and then 20.99% p.a.
yes
20.99% p.a.
55
$0.00
none
none
none
$30.00
2.7%, Min $2.70
3.30%
$7.00
$7.00
$0.00
$30.00
2.0
yes
none
Apple Pay, Samsung Pay
Bizarre application. I called to follow up my online application and was asked for my 5th previous residence (I couldn't recall the street number). Also I have had my electricity provider for the last 3 residences and he asked how about before that? I offered to give him my current address and he said not required!
Read full reviewBizarre application. I called to follow up my online application and was asked for my 5th previous residence (I couldn't recall the street number). Also I have had my electricity provider for the last 3 residences and he asked how about before that? I offered to give him my current address and he said not required!
Whilst the card has no annual fee and everything can be done via online, I found the whole application process to be so time consuming, they never had everything in order, had to send paperwork in multiple times, it took way longer than it should have and that still leaves a sour taste in my mouth.
Read full reviewWhilst the card has no annual fee and everything can be done via online, I found the whole application process to be so time consuming, they never had everything in order, had to send paperwork in multiple times, it took way longer than it should have and that still leaves a sour taste in my mouth.
Great phone app which is easy to use. Increased my limit easily.
Read full reviewGreat phone app which is easy to use. Increased my limit easily.
I have been dealing with Virgin Money with ease and the staff have always been friendly and helpful. When things got a bit hard to meet payment, they were great at providing me with other alternatives. I highly rate their customer service.
Read full reviewI have been dealing with Virgin Money with ease and the staff have always been friendly and helpful. When things got a bit hard to meet payment, they were great at providing me with other alternatives. I highly rate their customer service.
Virgin Money is a financial services company that differentiates itself with a high focus on customer service and a strong brand. It aims to offer great value banking and insurance products designed around what customers really want. In Australia, Virgin Money's banking products include savings accounts, credit cards, super and it also has a range of general insurance products including home and contents, car and travel insurance.
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Westpac
Low Rate
13.74% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
NAB
Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$395 $295 in the first year
Qantas Frequent Flyer
Bankwest
Breeze Mastercard
10.99% p.a.
0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)
$49 $0 in the first year
Citi
Simplicity Credit Card
0% p.a. for 6 months then 21.49% p.a.
0% p.a. for 6 months and then 22.24% p.a.
$0
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
100,000
1.25 points uncapped
NAB
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
110,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250
30,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
Bankwest
Qantas Platinum Mastercard
Qantas Frequent Flyer
$160
30,000
0.75 points up to $2,500/month, then
0.3 points uncapped
Westpac
Altitude Platinum
Qantas Frequent Flyer
$200 $99 in the first year
60,000
0.5 points uncapped
Bendigo Bank
Low Rate Credit Card
0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)
11.99% p.a.
$45
Bankwest
Breeze Mastercard
0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)
10.99% p.a.
$49 $0 in the first year
Westpac
Low Rate
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
Citi
Rewards Credit Card
0% p.a. for 30 months and then 22.24% p.a.
21.49% p.a.
$149 $49 in the first year
Citi Rewards Program
NAB
Low Rate Card
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
12.99% p.a.
$59
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
Westpac
Low Rate
13.74% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
