Important disclosure
Pros and cons
For Low Rate Card
Benefits
- Ongoing variable purchase rate ranked in the best 20%
- Annual fee of $99 is refunded when you spend $10,000 on purchases every 12 months
Drawbacks
- No reward program
- Does not offer free supplementary cards
Virgin Money Rate Credit card overview
For Low Rate Card
Details
Card Level Standard | Card Type Visa |
Interest Free Days Interest Free Days 55 | Minimum monthly repayment 2% or $30 |
Minimum credit limit $6k | Maximum credit limit $30k |
Free supplementary cards | Instant Approval |
Target Market Determination Visit Virgin Money (Australia) Pty Limited to view Target Market Determination. |
Fees
Annual Fee Annual Fee $99 | Annual Fee Spend Waiver $10k |
Supplementary card annual fee $29 | Late Payment Fee $30 |
Over limit fee $40 | Duplicate statement fee $7 |
Electronic Wallet Service
Important Rates
Rates
Purchase Rate Purchase Rate 11.99% p.a |
Cash advance rate 21.69% p.a |
Cash advance fee 2.7% or $2.7 |
Balance Transfer
Balance Transfer Rate Balance Transfer Rate 0% p.a for up to 15 months, then 21.69% |
Transfer Limit 80% No interest free days apply while you have a balance transfer. |
Balance Transfer Fee 1% |
Overseas spending
Foreign Exchange Fee 3.3% on Visa |
Overseas charges Overseas charges $5 |
Estimated ATM Cost $14.9 for AU $300 withdrawal |
Rewards
Program name |
Rewards Available |
Eligibility
Minimum age 25 |
Minimum income $35k |
Eligibility conditions |
Residency |