New Virgin credit card
Good news in the credit card arena. The Virgin Credit Card Exclusive charges no interest on purchases or balance transfers for 12 months.
They offer a 12-month 0% period on both purchases and balance transfers. Still, there is a 2.98% transfer fee if you want to move a debt over from another card. It will be added to your balance.
Try to clear your balance during the 0% period because when it ends the standard annual rate of interest will apply, which is 18.9% on purchases and 21.9% on a transferred balance.
You will also receive discounts on other Virgin products.
The 0% offer on balance transfers only applies if you transfer a debt over from another card within 60 days of your account being opened.
It’s also important to note that MBNA actually provides Virgin’s credit cards and you can’t make a balance transfer if you are looking to move a debt over from another MBNA card.
Finally, avoid using the card to withdraw money from an ATM. There is no interest-free period on cash withdrawals.
If you are looking for a new credit card, the Virgin Credit Card Exclusive is a winner.