- 0% p.a. for 15 months on balance transfers with no balance transfer fees. Reverts to cash advance rate
- Low purchase rate of 11.99% p.a.
- Easy and convenient payments via Visa payWave for purchases of up to $100
- Eligible with Apple Pay and Samsung Pay
Who says good things don’t come in small packages? With the Virgin Money Low Rate Credit Card you can enjoy pretty darn awesome introductory offer on balance transfers and other handy classic features 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.
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, there’s that introductory offer on balance transfers. If you happen to have credit card debt on other cards, you may be able to take advantage of the Virgin Money Low Rate Credit Card’s balance transfer offer if you apply by 31 January 2024.
With this offer, you can get 0% p.a. on balance transfers for the first 15 months with no balance transfer fees, giving you ample time to pay down that debt, while enjoying some breathing space from interest. Plus, no balance transfer fee applies when you transfer an existing credit card balance. You can fully enjoy this money-saving introductory offer without being charged extra.
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 15 months with no balance transfer fees, it is worth noting that any unpaid transfer amount will revert to the cash advance rate at the end of the introductory period.
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 reasonable annual fee.
You can also take advantage of a number of other features, such as up to 55 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.
This card comes with an annual fee of $99 and additional cards (up to 4) cost $29 per card per year. If you can afford to spend such an amount on your card each year, then this card can provide you a convenient way to pay existing debt with its 0% introductory balance transfer offer and make use of other handy features.
A lovely low rate card with an even lovelier introductory offer on balance transfers - 0% p.a. for 15 months on balance transfers with no balance transfer fees when you apply by 31 January 2024.
Purchase rate 11.99% p.a.
Cash advance rate 21.69% p.a.
Interest free period on purchases up to 55 days
Balance transfer rate 0% p.a. for 15 months
Balance transfer revert rate 21.69% p.a.
Balance transfer from personal loan Yes
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Brands you can't balance transfer from Bank of Queensland, Coles, IMB, Qantas Money, Suncorp, Virgin Money
Minimum credit limit $2,000
Maximum credit limit $30,000
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% or $2.70 whichever is greater (domestic) ; $5 (international)
Late payment fee $30
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
Eligible with Apple Pay and Samsung Pay
An obvious choice as a low rate credit card with 0% p.a. on balance transfers for the first 15 months with no balance transfer fee (reverts to cash advance rate). If you currently have credit card debt with another institution, you can take advantage of this great introductory offer. Other features include up to 55 days interest free on purchases, irregular transaction detection with FraudShield, Visa Zero Liability and 24/7 account access.
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
Resident or citizen of Australia
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 8 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
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