Important disclosure
Purchase Rate
Purchase Rate
0.00%
p.a
for up to 12 months, then 18.99%
Balance Transfer Rate
Balance Transfer Rate
0%
p.a
for up to 12 months, then 20.99%
RateCity Says
“Avoid one of the biggest costs of a credit card with this competitive no annual fee offer from Virgin Money.”
Pros and cons
For No Annual Fee Card
Benefits
- Lower than average ongoing variable purchase rate
- No Annual Fee
- Free supplementary cards
Drawbacks
- No reward program
Virgin Money Rate Credit card overview
For No Annual Fee Card
Details
Card Level Standard | Card Type Visa |
Interest Free Days Interest Free Days 55 | Minimum monthly repayment 2% or $30 |
Minimum credit limit $2k | Maximum credit limit $10k |
Free supplementary cards | Instant Approval |
Target Market Determination Visit Virgin Money (Australia) Pty Limited to view Target Market Determination. |
Fees
Annual Fee Annual Fee $0 | Annual Fee Spend Waiver |
Supplementary card annual fee $0 | Late Payment Fee $30 |
Over limit fee $40 | Duplicate statement fee $7 |
Electronic Wallet Service
Important Rates
Rates
Purchase Rate Purchase Rate 0.00% p.a for up to 12 months, then 18.99% |
Cash advance rate 20.99% p.a |
Cash advance fee 2.7% or $2.7 |
Balance Transfer
Balance Transfer Rate Balance Transfer Rate 0% p.a for up to 12 months, then 20.99% |
Transfer Limit 80% of the approved credit limit |
Balance Transfer Fee |
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 |
Perks
- FREE SUPPLEMENTARY CARDS
Other Restrictions
Balance must be paid in full each month (including balances transferred) to receive interest free days. No interest free days apply while you have a balance transfer.