Virgin Credit Cards
With a wide range of rewards and benefits, when you choose a Virgin credit card you know you are on the right track to a better deal. If you decide an offer from Virgin is right for you, the online application process only takes a couple of minutes and from there you will get an immediate decision on your eligibility. When compared to other banks, Virgin does not offer nearly as many credit cards. However, this does not mean that they have nothing for consumers. In fact, you will find that each card is full of benefits and advantages.
| credit card details | purchase rate (p.a.) | balance transfer (p.a.) | balance transfer period | annual fee | online application |
|---|
| credit card details | purchase rate (p.a.) | balance transfer (p.a.) | balance transfer period | annual fee | online application | |
|---|---|---|---|---|---|---|
|
Virgin Flyer Credit Card 4 Virgin Australia complimentary flights each year. Pay low interest on bal transfers for 9 months. |
20.99% | 1.9% | 12 months | $99 | top choiceApplication |
|
Virgin Low Rate Card Low rate credit card from Virgin Money. |
12.99% | 2.9% | 9 months | $59 | |
|
Virgin No Annual Fee Credit Card Never pay an annual fee ever again. Low balance transfer rates. |
18.99% | 2.9% | 6 months | $0 | |
Help with Choosing a Virgin Credit Card
A small number of offers will allow you to easily compare every Virgin credit card, down to even the finest details. Take time when comparing offers because the more time you put into making your decision, the more confident you will be that you’ve made the right choice. Even though every consumer is different, there are some details you must focus on as you attempt to choose a credit card from Virgin or any other bank.
- Are reward points important to you? – If so, there are credit cards that you can apply for from Virgin and many other banks. If not, there are plenty of offers without a rewards program. The choice is yours.
- Purchase interest rates – Consumers who plan on carrying a balance should opt for the card with the lowest purchase interest rate, regardless of issuer. On the other hand, if you are the type to pay off your card in full every month, this may not be nearly as important to you.
- Additional benefits – To go along with the traditional advantages of a Virgin credit card, consider some of the other benefits available including: personal concierge services, complimentary international travel insurance, purchase cover and extended warranty, and transit accident insurance.
Pros
- Competitive interest rates – This is one area in which Virgin credit cards really challenge the competition. Compare the rate for purchases and balance transfers to other banks and you will see just how much you can save. It’s not uncommon for Virgin to offer a market leading offer, particularly on balance transfers.
- Rewards program – The Virgin rewards program is well known for being one of the best, particularly for frequent flyers. Their cards often have better earn rates when compared to Qantas Frequent Flyer linked cards. Also, it’s easier to redeem points for flights as there are fewer restrictions in place on available seats.
- No annual fee option – If you are tired of paying an annual fee, Virgin has you covered.
Cons
- Not many options – Unlike some banks, Virgin has comparatively few offers for you to choose from. That being said, each one is packed full of benefits and features for the consumer. For Vigin, it seems to be about quality over quantity.
- Minimum application requirements – Many of the cards from Virgin share the following requirements: 18 years of age, annual income of at least $35,000, and a good or better credit rating. Compared to what’s required for other cards, these are quite a high level.