Virgin Money Virgin Low Rate Credit Card

Moneybuddy says

The Virgin Low Rate Credit Card is the newest addition to the range of Virgin Money credit cards. This card has one of the lowest rates on purchases of 12.99% p.a. You get up to 44 days interest free when you clear the balance in full each month. If you're carrying some existing credit card debt on a different card, then the 2.9% p.a balance transfer rate for the first 9 months may appeal to you - after which the balance reverts to the cash advance rate. The annual fee is $59.

The Basics

Card class Visa

Card type Credit card

The cool stuff: features

Reward program No

Reward program name -

Reward program details -

Reward program terms -

Additional card holder No

Add. card holder details -

Purchase security No

Extended warranty No

International travel insurance No

Online access -

Phone access -

The Facts & Figures

Purchase rate p.a. 12.99%

Cash advance rate p.a. 21.69%

Introductory purchase rate p.a. -

Introductory purchase rate period (months) -

Introductory balance transfer period (months) 9

Balance transfer rate p.a. 2.90%

Introductory balance transfer rate p.a. 2.90%

Interest free days 44 days

Minimum repayment -

Min. credit -

Max. credit -

Cash advance limit -

Cash advance limit period

The ugly stuff: fees

Reward program fee -

Late payment fee -

Atm fee -

Foreign exchange fees -

* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing. Money Buddy earns a referral fee in the form of a commission payment per successful application from redirecting website users to Virgin Money's website. Website users have no obligation to apply for a product or service that they may be referred to by this website.

Virgin Money says

Introducing the new Virgin Low Rate Credit Card. The average credit card purchase rate Australians are paying is 16.67%p.a^. Check yours and compare it to the Virgin Low Rate Credit Card.Here's the low down: A low 12.99% p.a. interest on purchases, a lower standard purchase rate than the big four banks*. A 2.9% p.a. balance transfer rate for the first 9 months, reverting to the cash advance rate after 9 months. Up to 44 days interest free on purchases. All for a low annual fee of $59.

Key features

A low 12.99% p.a. interest on purchases
A 2.9% p.a. balance transfer rate for the first 9 monthsreverting to the cash advance rate after this time
Up to 44 days interest free on purchases
A low annual fee of $59.

Pros

Low purchase rate of 12.99% p.a
Special offer for balance transfers of 2.9% p.a for up to 9 months
Choose from 6 card colours

Cons

The cash advance rate is high

Terms & conditions

You're over 18 years of age; you earn more than $35,000 per year; you're a permanent Australian resident; andyou have a good credit rating. See the Virgin Money website for full terms and conditions before applying.