- Competitive ongoing purchase rate of 12.99% p.a.
- Up to 55 days interest free on purchases
- Mobile wallet support: Apple Pay, Samsung Pay, Google Pay
- Security features including FraudShield and Visa Zero Liability
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Virgin Money Credit Cards
Virgin Money Low Rate Credit Card
Updated 1 October 2025
Low 12.99% p.a. purchase rate with up to 55 days interest-free on purchases. Convenient payments with Apple Pay, Samsung Pay, Google Pay and Visa payWave. Access Red Hot Partner Offers in the Virgin Money app for bonus points with select partners (offers vary). Annual fee $99.
Purchase Rate (p.a)
12.99%
Balance Transfer (p.a)
N/A
Annual Fee (p.a)
$99
Pros and cons
- Cash advance rate is higher at 21.69% p.a.
- Annual fee of $99
- Additional cardholders cost $29 per card per year
Creditcard.com.au review
Editor Review
Virgin Money Low Rate Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Virgin Money Low Rate Credit Card
⚠️ Important update
New credit card applications will be temporarily unavailable from 26 October 2025.
Applications are expected to reopen on 24 November 2025.
If you've already started an application, please submit it before 26 October 2025. Any saved or incomplete applications after that date will be cancelled.
After a straightforward, budget-friendly card for everyday spend? The Virgin Money Low Rate Credit Card focuses on value where it counts: a low 12.99% p.a. purchase rate, up to 55 days interest free on purchases, and modern payment/security features. It now also highlights access to Red Hot Partner Offers in the Virgin Money app, where eligible customers can earn Virgin Money Bonus Points with select partners.
What we love...
The ongoing 12.99% p.a. purchase rate keeps interest costs down if you occasionally carry a balance, and the up to 55 interest-free days help when you pay off purchases on time. Day-to-day usability is solid thanks to Apple Pay, Samsung Pay, Google Pay and Visa payWave, plus security features like FraudShield and Visa Zero Liability, and 24/7 account access.
New to this presentation of the offer, the card connects with the Virgin Money app’s Red Hot Partner Offers—handy if you like targeted deals. Examples shown include:
• Kathmandu: earn 10 Virgin Money Bonus Points per $1 spent
• Hertz: earn 20 Virgin Money Bonus Points per $1 spent
• OVO Energy: earn 20,000 bonus points when you sign up
Offers are via the Rewards Hub in the Virgin Money app and can change; eligibility, partner terms and conditions apply.
What’s not so great...
This is still a low-rate, no-frills product—so you won’t get the comprehensive rewards ecosystem or premium travel perks that come with higher-fee rewards cards. The partner points are offer-based (via the app) rather than a broad earn on all everyday spending. Also note the costs: a $99 annual fee, $29 additional cardholder fee, and a higher 21.69% p.a. cash advance rate (avoid cash advances to sidestep this).
Why should you choose this card?
If your priority is keeping interest down on purchases—without paying for bells and whistles—the Low Rate card fits well. It’s a practical everyday option if you pay on time and want simple features, with the upside of occasional app-based partner points offers for extra value. Credit limits typically range from $2,000 to $100,000 (subject to approval), and the $35,000 minimum income guidance helps set expectations.
Overall Rating
A clear, value-first pick: a competitive 12.99% p.a. purchase rate and up to 55 days interest free, backed by digital wallets and security features. The addition of Red Hot Partner Offers in the app brings occasional points opportunities—useful sweeteners—while the core proposition remains a simple, low-rate credit card without premium extras.
User reviews
Rates and fees
Interest rates
Purchase rate 12.99% p.a.
Cash advance rate 21.69% p.a.
Interest free period on purchases up to 55 days
Credit limits
Minimum credit limit $2,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $99 p.a.
Additional cardholder fee Up to 4 - $29 p.a.
Foreign transaction fee 3.3%
Minimum repayment $30 or 2%, whichever is greater
Cash advance fee 2.7% (amounts of $100 and over); $2.70 (less than $100); $5 (international)
Late payment fee $30
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Eligible with Apple Pay, Samsung Pay, and Google Pay
Overview
Virgin Money Low Rate Credit Card
An obvious choice if you want a simple low rate credit card. Enjoy a low ongoing 12.99% p.a. purchase rate plus up to 55 days interest free on purchases. Other handy features include irregular transaction detection with FraudShield, Visa Zero Liability and 24/7 account access.
Key features
- Low variable purchase rate of 12.99% p.a.
- Annual fee of $99
- Additional card holder fee of $29
- Up to 55 days interest free on purchases
- Easy and convenient payments via Visa payWave for purchases up to $100
- Eligible with Apple Pay, Samsung Pay, and Google Pay
Minimum criteria to apply for this card
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Be over 18 years old
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Good Credit and have not applied for multiple credit cards recently
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Resident or citizen of Australia
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Minimum income of $35,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question42 questions (showing the latest 10 Q&As)
Can I transfer a personal loan to this credit card
Hi Michelle, thank you for your question. Virgin does say it accepts loans from other lenders, but it's always a good idea to check first to make sure your loan is eligible
If you're looking for more options, you may wish to explore our article on balance transfers and personal loan consolidation for other credit cards that allow personal loan transfers.
ME Bank is terminating its credit card service and is advising me to get a Virgin Low-Rate Credit Card. However, I'm a self-funded retiree and I'm concerned about my eligibility to get a credit card now days. Can you please advise?
Hi Alan, I totally understand where you're coming from. We had numerous comments from retirees who are worried about their eligibility. That's why we quizzed the bigger credit card providers on what their eligibility criteria is, and you can read the requirements in the guide to credit cards for pensioners. You most probably have to provide more detailed information including statements of investing, bank account statements and evidence of ongoing payments. Good luck Alan!
Simon
16 January 2014The long balance transfer period is giving me plenty of time to pay off my credit card debt, plus the lower purchase rate is good too except I've never had any issues paying my account on time to take advantage of the interest free days. My only complaint would be with the higher annual fee for a basic low rate card.
Recommends this cardCreditcard.com.au Visitor
28 January 2013This is a good card - rate is low. Glad I got it before the fee went up!
Recommends this cardTim Jonas-Richards
28 January 2013Super low interest rates. If you want a cheap card you can’t get much better than this. One of the cheapest rates around I think. Plus annual fee is low too so you save even more at least for the first year.
Recommends this card