Virgin (Money) Credit Card, UK Credit Cards
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The Virgin credit card is offered by the Virgin Group. It is available in the UK under the auspices of Virgin Money. It is, therefore, also known as the Virgin Money credit card. This credit card is accepted worldwide at more than 20 million retail outlets and provides instant cash access at more than one million ATMs.
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Virgin Credit Card: Features & Benefits
The basic features and benefits of the Virgin credit card include:
The Virgin credit card is offered by the Virgin Group. It is available in the UK under the auspices of Virgin Money. It is, therefore, also known as the Virgin Money credit card. This credit card is accepted worldwide at more than 20 million retail outlets and provides instant cash access at more than one million ATMs.
Virgin Credit Card: Features & Benefits
The basic features and benefits of the Virgin credit card include:
- 0% interest rate on card purchases during the initial six months. Thereafter, an interest rate of 16.6% is applicable.
- Inaugural balance transfer rate of 0% for the first 15 months. After this period, balance transfers are subject to an interest rate of 18.6%. A handling fee of 2.98% will be charged in both cases.
- The check transaction and money transfer rate is 20.6%, which is only applicable after the first 15 months of the card being issued.
- Free Purchase Protection Insurance, covering all purchases that cost between £50 and £1,000 for 100 days.
- Free Travel Accident Insurance pays for travel tickets and provides travel protection cover worth £250,000.
- 24/7 online or telephonic customer services.
- Add-on discount schemes.
Virgin Credit Card: Restrictions
Some of the restrictions that are applicable to Virgin Credit Cards are:
- Offered credit limit can vary according to individual circumstances. High salary and low debts make the applicant eligible for a higher credit limit.
- Default charges of £12 are applicable if the customer exceeds the credit limit or makes late payments.
- Virgin credit cards are also offered by MBNA. A cardholder cannot transfer the balance from any other credit card issued by MBNA.
Virgin Credit Card: How to Apply
An applicant must reside in the UK and should be 18 years or above. Additionally, s/he must have a bank or a building society account. An application for a Virgin credit card can be initiated either on the phone or by visiting the official website of Virgin Money.
‘Virgin credit card’ is the trademark of Virgin Group, who can be found at www.uk.virginmoney.com
