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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 13 August 2021

Save money with 0% p.a. for 12 months on purchases and balance transfers, plus no annual fee for life! 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 30 September 2021

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

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. 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.

User reviews

Virgin Money No Annual Fee Credit Card ( based on 17 Creditcard.com.au user reviews )

69% rating based on 17 reviews

Rates
Fees
Rewards
Customer Service
Value
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

Banks 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

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

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

252 questions (showing the latest 10 Q&As)

derek john peat

derek john peat

24 July 2021
I used to have a virgin card in the UK but have moved to Perth on a bridging visa while we wait for our parent visa also own a house here but find we cant have a credit card not being residents here only in the UK we still have UK Halifax cards but would be better if we could have an Australian card is it worth us applying please
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 July 2021
    Hi Derek, it can be tricky getting a credit card when you’re on a Visa here in Australia. Some banks offer credit cards to 457 holders, and some to those with partner visas. We’ve received thousands of questions from people in similar situations, and with all the intricacies involved we wrote this guide for Visa holders to help out everyone. Let us know if you have any other questions!
Christina

Christina

23 June 2021
Hi. I am an existing customer and wondering if I can apply for a balance transfer from another credit card institution? So that I can get 12 months interest free period. Thanks.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    23 June 2021
    Hi Christina and thanks for your question. Banks generally use 0% balance transfer promotions to attract new customers. However we checked the Virgin site and they suggest “giving them a call on 13 37 39 to see what rates we can offer you or check out the Offers section of your Online Account “ Good luck, let us know what Virgin Money say.
Simone

Simone

16 June 2021
I’m a single parent on payments from Centrelink that’s my sole income at the moment, can you help me out in getting a credit card. As I’m about to start a business as well and I need to buy a few supplies for that to start.
Victoria Bevan

Victoria Bevan

6 June 2021
It says on your add 0% for 12months on purchases Yet in the the pros it says for only 55 days Can you please confirm your 0% on purchases time frame
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 June 2021
    Hi Victoria, thanks for your question. The 0% purchase interest is a promotion which means you won't be charged any interest on purchases you make during a specified term. This means you can pay the minimum repayment (2% of the statement balance) without being charged any interest. For interest free days, this is generally a standard number of days across all credit cards and means that if you pay the full statement balance by the due date of each statement, you won't be charged any interest. For the Virgin Money No Annual Fee Credit card specifically, if your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the Monthly Payment Balance listed on your statement of account (not the full closing balance) by the relevant payment due date.
Deirdre

Deirdre

7 May 2021
How do I resume an application. I just need to upload my Documents. Reference XXXXX Thanks.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 May 2021
    Hi Deirdre, Please contact Virgin Money directly with your reference number to enquire about your application. Thanks!
bronwen.roberts00@gmail.com

[email protected]

8 April 2021
Hi, Could you please explain the '55 days interest free' on a 12 month 0% p.a. interest free card. Is it correct that any purchases made on a 12 month interest free card can be made at anytime during that 12 months and paid back at anytime and thereafter will revert to the purchase rate interest. It is of course recommended to pay monthly but is there a minimum monthly repayment on this type of card? Is this what the 55 days is? Thanks,
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 April 2021
    Hi Bronwen, the 55 interest-free day period is effectively irrelevant for the first 12 months. But after the 12 months is up, that's when you get the 55 interest-free days when you meet the conditions. In terms of the 12-month offer, you'll only get the full 12 months interest-free for the transactions you make when you get the card. Purchases made after 6 months only get 6 months interest-free and so on. The minimum monthly repayment is required for the 12-month intro period and ongoing after that, regardless of the interest rate. For Virgin Money: The Minimum Payment Due is (rounded up to the nearest dollar): (i) the Card Balance if it is less than $30; or (ii) the greater of: (a) $30; or (b) 2.00% of Card Balance; or (c) the sum of 1.00% of the Card Balance, Late Payment Fee (if any) and interest charged (excluding any interest included in amounts added back below as part of a Fixed payment option) for that month, plus any Instalment, initial interest charge, or related interest that is part of a Fixed payment option for that month. I hope that helps!
erin bullard

erin bullard

7 April 2021
can someone on centrelink apply for this?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 April 2021
    Hi Erin, creditcard.com.au is a comparison website and we do not represent Virgin Money. So unfortunately I can’t answer your specific eligibility questions. However, the listed eligibility requirements for this card are: 18 yrs + old, Australian citizen or resident, Minimum income of $25,000, Minimum credit limit of $2,000, Good credit rating. If you have additional questions about your eligibility before applying, you can contact Virgin Money directly online or at 13 37 39.
Norm

Norm

7 April 2021
I have a Westpac Ignite Mastercard (previously a Virgin Money Credit card with No fees) which Westpac want us to change to their Low Fee Platinum Mastercard. We have paid off statement balances in full each month before due dates. We don't want Insurances included, so see Virgin Card as best option with No fees. I want to know as to my eligibility based on my Income is deduct as a ABP from my SMSF >$30k per year.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 April 2021
    Hi Norm, creditcard.com.au is a comparison website and we do not represent Virgin Money. So unfortunately I can’t answer your specific eligibility questions. However, the listed eligibility requirements for this card are: 18 yrs + old, Australian citizen or resident, Minimum income of $25,000, Minimum credit limit of $2,000, Good credit rating. Virgin Money doesn't list specific income sources but they are underwritten by Citi and Citi says for their cards that retirees must provide one of the following: - A letter from Centrelink showing applicant's name and the Permanent Government Pension amount, or - Three most recent bank statements showing applicant's regular Centrelink payments, or - The annual superannuation statement which includes an indexed pension amount, or - One most recent Self-managed Superannuation Tax Return less than 15 months old If you have additional questions about your eligibility before applying, you can contact Virgin Money directly online or at 13 37 39.
Anne

Anne

7 April 2021
I had your credit card until westpac took it over and called it ignite now they have cancelled that which was a no annual fee and replaced with a no fee I was wondering if I am eligible for your no annual fee credit card as I dont want the westpac one
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 April 2021
    Hi Anne, creditcard.com.au is a comparison website and we do not represent Virgin Money. So unfortunately I can't answer your specific eligibility questions. However, the listed eligibility requirements for this card are: 18 yrs + old, Australian citizen or resident, Minimum income of $25,000, Minimum credit limit of $2,000, Good credit rating. I hope that helps.
Kiki

Kiki

15 March 2021
Hi there! I’m really hoping to boost up my credit rating with a credit card as my current rate is well, very low. I also work two casual jobs as well, with that in mind do you think this card would suit me?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    16 March 2021
    Hi Kiki, if you're looking for a credit card to boost your credit score it's a good idea to look for one with a very low limit (this makes you a lower risk to the bank or lender). For any credit card you'll need to meet the eligibility criteria - this usually includes proof of income, residency and credit history. If your credit history is not good enough to get a credit card just yet - it's a good idea to try to improve it by making all of your current repayments on time. If you think you're a good candidate for a credit card but your history is poor, you could also try working with your current bank and seeing what they can offer you. They already have all of your financial information and history and may be more likely to work with you on an introductory product. There are also a couple of new cards on the market like the NAB StraightUp and CommBank Neo that don't charge interest and only allow you to spend up to a certain amount for a monthly fee. I hope that helps.
Awais Mushtaq

Awais Mushtaq

21 February 2021
Hi, I am after best credit card with good reward programs. I intend to use it for monthly groceries, eating out and other retail purchases. I will pay the due balance in full every month. I also want a card with no or low annual fee. Thanks!
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 February 2021
    Hi Awais, there are lots of rewards cards with low / no annual fees. First you need to decide what type of rewards you want - there are frequent flyer points, bank rewards points, Flybuys and more. Before you compare individual credit cards, find out what rewards program will offer you the most value. I hope that helps.
nik

nik

19 January 2021
i have super super $30000 pa can aplyin
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 January 2021
    Hi Nik, at 30k income you are above the minimum requirement. What you'll need to apply, 18yrs + old + Permanent Australian resident + Minimum income of $25,000 + Minimum credit limit of $2,000 (for this offer) + Good credit rating. The question is if Virgin will accept your super income or not. If you meet all minimum requirements and have not applied for credit in the last 6 months. Then I think its worth a shot.

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