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 - 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% p.a. until it's cleared.
Purchases are also free for the first 12 months before reverting to 18.99% p.a., 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.
This card could be a good options if you're looking for a no strings attached credit card for both online and in store shopping.
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% p.a. 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
I applied for a yearly fee free card and supplied all the necessary documents showing I had income of $78,000 after tax. My credit rating is 820 and I own my own house, car and have 3 large term deposits and have no debt. I have a perfectly clear credit history i.e. never defaulted and no bankruptcy. I supplied copies of my last two tax returns, 6 months of bank statements and statements of my public service pension. I was refused a credit card and was never given any reason. I called the verification centre to understand why the refusal and they refused to give any details and from what they said it was clear they didn't understand the difference between CentreLink payments and my public service pension. It appears that their verification staff have a poor knowledge of Australian financial matters.
Read full reviewI applied for a yearly fee free card and supplied all the necessary documents showing I had income of $78,000 after tax. My credit rating is 820 and I own my own house, car and have 3 large term deposits and have no debt. I have a perfectly clear credit history i.e. never defaulted and no bankruptcy. I supplied copies of my last two tax returns, 6 months of bank statements and statements of my public service pension. I was refused a credit card and was never given any reason. I called the verification centre to understand why the refusal and they refused to give any details and from what they said it was clear they didn't understand the difference between CentreLink payments and my public service pension. It appears that their verification staff have a poor knowledge of Australian financial matters.
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.
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NAB
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110,000
1 point up to $5,000/month, then
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American Express
Velocity Escape Card
Velocity Frequent Flyer
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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
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Bendigo Bank
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0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
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$45
Westpac
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13.74% p.a.
$59 $0 in the first year
St.George
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19.74% p.a.
$99
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12.99% p.a.
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Amplify Signature
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$279
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11.99% p.a.
0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
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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
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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
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13.74% p.a.
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
$59 $0 in the first year
Citi
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21.49% p.a.
0% p.a. for 30 months and then 22.24% p.a.
$149 $49 in the first year
