Important disclosure
Virgin Money Low Rate Card
Purchase Rate
Purchase Rate
11.99%
p.a
Balance Transfer Rate
Balance Transfer Rate
0%
p.a
for up to 15 months, then 21.69%
RateCity Says
“A competitive low rate credit card with a high number of interest free days and waived annual fee if conditions are met. ”
Purchase Rate
11.99%
p.a
Balance Transfer Rate
0%
p.a
for up to 15 months, then 21.69%
Annual Fee
$99
Promoted credit cards
Promoted
Low Rate (Balance Transfer Offer)
Balance Transfer
0% p.a. for 28 months on balance transfers with 2% balance transfer fee and $0 annual fee in first year.*Purchase Rate
13.74%
p.a
Annual Fee
$0
for 12 months then $58 thereafter
Promoted
Low Rate (Credit Back Offer)
special
Get $250 back to your new card when you spend $1,500 on eligible purchases in the first 3 months from approval.Purchase Rate
13.74%
p.a
Annual Fee
$58
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 |
