Virgin Money No Annual Fee Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question 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.

Yep, if you apply for the Virgin Money No Annual Fee Credit Card today, you could benefit from 0% p.a. on purchases for 6 months.

What we love…

Let’s get into that purchase offer. After you're approved for the Virgin Money No Annual Fee Credit Card, you'll have 6 months paying 0% interest on your purchases. That means, eligible items you buy on your card during that 6 month period won't be charged interest.

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.

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. 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 purchases. And, as long as you make a plan for your spending and your repayment, this offer has 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, Samsung Pay and Google 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 an intro offer on purchases. But, that’s exactly what the Virgin Money No Annual Fee Credit Card is offering. You will pay 0% p.a. on purchases for 6 months, with all the basic features provided.