Ask Pauline a Question

Hi, I’m a personal finance expert who loves to help you out! I’ll answer your question within a business day. Pinky swear.

We ask for your email so we can respond to you directly. We won’t share your personal data. For more information, see our privacy policy.

N/A
Virgin Money No Annual Fee Credit Card
Virgin Money No Annual Fee Credit Card

Virgin Money Credit Cards

Virgin Money No Annual Fee Credit Card

Updated 29 May 2022

Save money with 0% p.a. for 12 months on purchases and balance transfers when you apply by 31 May 2022, plus no annual fee for life! Add up to four additional cards at no extra cost. Enjoy security features including Fraudshield and Visa Zero Liability as well as payment features like Apple Pay and Samsung Pay.

T&Cs apply. Offer ends 31 May 2022

Purchase Rate (p.a)

0% p.a.

for 12 months. Reverts to 18.99% p.a.

Balance Transfer (p.a)

0% for 12 months No balance transfer fee.
Reverts to 20.99% p.a.

Annual Fee (p.a)

$0

$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. on balance transfers for 12 months. Reverts to cash advance rate.
  • 0% p.a. for 12 months on purchases. Reverts to 18.99% p.a.
  • No annual fee
  • Up to 4 additional cards at no extra cost
  • Irregular transaction detection with FraudShield
  • Visa Paywave
  • VISA Zero Liability
  • Up to 55 days interest free on purchases
  • Eligible with Apple Pay and Samsung Pay

  • Any unpaid amount on the balance transfer reverts to the cash advance rate - so make sure you pay the balance off in full during the intro period

Creditcard.com.au review

Editor Review

Virgin Money No Annual Fee Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

The Virgin Money No Annual Fee Credit Card

Want to save money on your credit card? With the Virgin Money No Annual Fee Credit Card, you can. In the world of credit card savings, this card is a triple threat. Not only does it save you on annual fees – with no annual fee for life – it also currently has a very tempting offer on purchases and balance transfers.

Yep, if you apply for the Virgin Money No Annual Fee Credit Card today, you could benefit from 0% p.a. on both purchases and balance transfers for 12 long months.

What we love…

Let’s get into that purchase offer first. Happily, purchase offers are pretty simple. After you are approved for the Virgin Money No Annual Fee Credit Card, you will have 12 months paying 0% interest on your purchases. That means, whatever you buy using your card during that twelve month period will attract no interest at all.

So, what do you need to know? Purchase offers can work well for cardholders who have something in mind they want to pay for, such as home renovations, a holiday or a big ticket item, like a TV. Using the purchase offer correctly, they can buy what they need and then pay it all off within the introductory period before their balance starts accruing interest.

Of course, purchase offers also work for cardholders who simply want to save on interest month to month. Either way though, it helps to have a budget and a plan for paying off all your spending. To make it work, think about how much you can afford to pay back, then set up a repayment plan to repay the entire balance before the introductory period ends.

So, what about that balance transfer offer? Designed to help those who want to pay down debt on their existing credit cards, this card’s 0% p.a. balance transfer offer gives new cardholders 12 months to clear their transferred balance while paying nothing in interest. As a nice touch, there is no balance transfer fee – and you can transfer from most of the big banks.

It is worth pointing out that while you can make use of both the purchase offer and the balance transfer offer at the same time, you will need to make sure you can afford to pay off your new spending and your transferred balance within that intro period if you want to make it work.

What’s not so great…

Anything you need to know about the card and its offers? In terms of the purchase offer, know that any balance remaining at the end of the intro period will revert to the card’s purchase rate. Meanwhile, any transferred balance left unpaid will revert to the card’s cash advance rate. Neither of these rates are low, so it’s best to get those balances to zero before that intro period ends.

Why should you choose this card?

Of course, the main reason to apply for the Virgin Money No Annual Fee Credit Card right now is to take advantage of its introductory offers. You want to save on interest? This card can make that happen on both purchases and balance transfers. And, as long as you make a plan for your spending and your repayment, both offers have the potential to be very beneficial indeed.

Ongoing, the card works as an awesome low cost option. You will pay no annual fee ever, with up to four additional cardholders at no extra cost. And while the standard purchase rate isn’t exactly low, you can keep interest costs at zero by clearing your balance by the due date each month and taking advantage of the card’s interest-free period on purchases (up to 55 days).

While the card may not be abundant in features, it does offer the basics in security and payment extras (think Visa’s payWave and Zero Liability Policy). Another handy extra is the card’s compatibility with Apple Pay and Samsung Pay. This allows you to pay quickly and easily online, or using your synced device when paying in person.

Overall Rating

It’s not every day you see a no annual fee card with a long intro offer on both balance transfers and purchases. But, that’s exactly what the Virgin Money No Annual Fee Credit Card is offering. You will pay 0% p.a. on purchases and balance transfers for 12 months, with all the basic features provided. This offer is valid until 31 May 2022.

User reviews

Virgin Money No Annual Fee Credit Card ( based on 18 Creditcard.com.au user reviews )

71% rating based on 18 reviews

Rates
Fees
Rewards
Customer Service
Value
90%

Hux

12 January 2022

Can you accumulate Velocity points on the Virgin Money No Annual Fee Credit Card? I looked at FAQs and cannot see anywhere this is mentioned

Recommends this card
68%

Creditcard.com.au Visitor

28 January 2013

Good way to pay off old credit card debts – you get 6 months to pay off your transferred balance plus you don’t have to pay an annual fee. Great ongoing card as well – you get some good extras and never have to worry about annual fees.

Recommends this card

Rates and fees

Interest rates



Purchase rate 18.99% p.a.

Introductory purchase rate 0% p.a. for 12 months

Cash advance rate 20.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 12 months

Balance transfer revert rate 20.99% 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, Citi, Coles, IMB, Qantas Money, Suncorp, Virgin Money

Credit limits

Minimum credit limit $2,000

Maximum credit limit $10,000

Fees & repayments

Annual fee $0 p.a.

Additional cardholder fee Up to 4 - $0 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

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 and Samsung Pay

Overview

Virgin Money No Annual Fee Credit Card

Key features

  • 0% p.a. on balance transfers for 12 months. Reverts to cash advance rate.
  • 0% p.a. for 12 months on purchases. Reverts to 18.99% p.a.
  • No annual fee
  • Up to 4 additional cards to share with loved ones and they'll also enjoy $0 annual fee.
  • Irregular transaction detection with FraudShield
  • Visa Paywave
  • VISA Zero Liability
  • Up to 55 days interest free on purchases
  • Eligible with Apple Pay and Samsung Pay

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia

  • Minimum income of $25,000 p.a.

  • You have your personal details ready to complete the online application

Pauline

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

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

265 questions (showing the latest 10 Q&As)

Kathy Nakeba Richardson

Kathy Nakeba Richardson

19 April 2022
Hi Pauline I live in Trinidad and Tobago can I use this prepaid credit card in my country.
    Pauline - CreditCard.com.au

    Pauline

    19 April 2022
    Hi Kathy, all the cards on our site require you to have an Australian postal address. If you’d like to compare prepaid credit cards, we’ve written a guide on that too!
Katrina Minato

Katrina Minato

14 April 2022
I started a credit card application. I had to leave it for a bit and do something else and it timed out. It said to put in the ref number that was emailed to me. It wasn't emailed to me. I don't want to start again. Your phone number doesn't have access to talk to a human about it.
    Pauline - CreditCard.com.au

    Pauline

    19 April 2022
    Hi Katrina, you’ve actually reached Creditcard.com.au, Australia’s leading credit card comparison and information site. Have you checked your junk/spam folder for the reference number? If you can’t, try email at [email protected] or [email protected] Remember not to include any personal information in your emails, for security reasons.
Tony Horne

Tony Horne

24 March 2022
My OTP device does not display any numbershow do I fix it?
    Pauline - CreditCard.com.au

    Pauline

    31 March 2022
    Hi Tony, you’ve reached Creditcard.com.au, Australia’s leading credit card comparison and information site. Please reach out to Virgin Money directly at 1800 701 997 for assistance.
John

John

2 March 2022
What does the Balance Transfer mean?
    Pauline - CreditCard.com.au

    Pauline

    2 March 2022
    Hi John, great question! A balance transfer is when you transfer your balance owed from one credit card to a new credit card. This is often taken up by to those who would want to get a lower interest rate for a period of time. This is to allow you to save money while paying off your balance faster. You can also read the balance transfer’s key rules explained we’ve written to dive deeper into the process. In the case of this Virgin card, if you’re approved you’ll be able to transfer up to 80% of your approved credit limit and pay 0% p.a. for 12 months. Hope this has helped you out!
Ia

Ia

19 February 2022
Hello, just want to check my understanding that if I purchase something online (example Amazon) then I won't pay interest for one year / 12 months? This is the card I'm looking at getting: https://www.creditcard.com.au/virgin-money-no-annual-fee-credit-card/ Virgin Money No Annual Fee Credit Card
    Pauline - CreditCard.com.au

    Pauline

    22 February 2022
    Hi Ia, in order to enjoy the 0% on purchases for 12 months on your amazon purchase, you need to pay at least the minimum repayment amount on or before the due date indicated in your statement monthly.

Featured Credit Cards

HSBC Platinum Credit Card – 0% Balance Transfer Offer

9 reviews
$0 saved over 36 months

Coles Low Rate Mastercard

7 reviews
$0 saved over 36 months

ANZ Low Rate Credit Card – 0% Balance Transfer

61 reviews
$0 saved over 30 months
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.