The Virgin Money Low Rate Credit Card
Who says good things don’t come in small packages? With the Virgin Money Low Rate Credit Card you can enjoy a pretty darn awesome introductory offer on balance transfers, an easily obtainable cash back offer and an annual fee offer, all wrapped up into one unassuming low rate card.
With heaps of goodies to be uncovered, this is one credit card offer that’s definitely worth checking out. So, without further ado, let’s get into it.
What we love...
When it comes to low rate credit cards, you’ll usually find many are no nonsense options that allow you to enjoy low rates, but not much else. But, not this little card.
Sure, it may be lacking certain premium features such as a 24-hour concierge service or VIP airport lounge access, but that doesn’t mean it hasn’t got plenty of other great qualities to keep you happy.
First up, there’s that introductory offer on balance transfers. If you happen to have credit card debt on other cards outside of the Citi group, you may be able to take advantage of the Virgin Money Low Rate Credit Card’s balance transfer offer.
With this offer, you can get 0% p.a. on balance transfers for the first 14 months, giving you heaps of time to pay down that debt, while enjoying some breathing space from interest. Even better? There’s no balance transfer fee to worry about.
On to the cash back offer. This one’s pretty simple. On your eligible spend for the first three months from card approval, you’ll get 10% cash back credit on your account, capped at $100 total. That’s money you can spend as you like, simply for using your card.
Last on the list of things we love has to be that low annual fee. If you apply before the offer ends, you will only pay $49 per year as an annual fee, saving you $50, every single year.
What’s not so great...
As with any credit card application, it pays to read the small print before signing on the dotted line. While the balance transfer offer provides a very nice 0% p.a. for 14 months with no balance transfer fee, it is worth noting that any unpaid transfer amount will revert to the cash advance rate at the end of the introductory period.
And, if you want to take advantage of the cash back offer, be aware of that extra spend on your card, as you’ll have to pay it off on top of the amount you are putting towards paying down your transferred debt.
Why should you choose this card?
Even if you don’t need the balance transfer offer, there are still plenty of reasons why you might want this card in your wallet. Of course, you can enjoy a low rate on purchases on a credit card with a low annual fee.
You can also take advantage of a number of other features, such as up to 44 days interest free on purchases, irregular transaction detection with FraudShield, Visa Zero Liability and 24/7 account access. Want another cardholder on the account? That’s yours for an additional fee of $29.
A lovely low rate card with an even lovelier introductory offer on balance transfers, cash back and annual fee.