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Virgin Money

Virgin credit card 16 month balance transfer

09-October-2008, By Becca Talbot becca.talbot@consumerchoices.co.uk

Customers shopping for a new credit card are spoilt for choice with Virgin Money’s improved balance transfer card, which is now interest-free for 16 months.

The newly improved card from Virgin Money (www.virginmoney.com), which now offers the longest balance transfer deal on the market and has a typical rate of 16.6% APR (variable), now gives customers the following:

• 0% interest for 16 months on balance transfers - This applies from the date your account is opened, and transfers must be made within the first 60 days. However, a 2.98% handling fee does apply
• 0% interest for 6 months on card purchases - This also applies from the date your account is opened

Customers who signup to the improved card will be also be offered discounts with loads of the Virgin companies, including Virgin holidays and Virgin insurance; as well as discount vouchers for leading high street stores.

Chris Eagle, commercial manager at CreditChoices.co.uk said: “It is very positive that Virgin has increased its balance transfer period; however it should be noted that the time period for transferring your balance has been reduced to only the first 60 days, so it’s not all good news.”

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