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Virgin Flyer Credit Card 0% Purchase Rate for 12 Months. $129 Fee Rebated with $129 Flight Voucher

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Virgin Flyer Credit Card 0% Purchase Rate for 12 Months. $129 Fee Rebated with $129 Flight Voucher
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Priceless Class on 25/02/2017 - 18:04 virginmoney.com.au (526 clicks)
Last edited 25/02/2017 - 20:05

If you fly once a year with Virgin, this card might be useful. The card is currently offering 3 different choices (see website).
Specifically, offer 2 provides benefits for anyone stoozing / repeating balance transfers.

0% for 12 months from application on all purchases.
0% for 6 months on balance transfers (up to 80% of credit limit), with no BT fee.
$129 annual fee rebated with a $129 virgin flight voucher.
Minimum credit limit of $6000 / Annual income required of $35000*

This combination effectively allows you to instantly load the card to 80% from another card that might have an offer expiring and then allow you to continue to make purchases up to the limit. Just remember to pay down all of the original Balance Transfer amount before the 6 months is reached and then continue spending up until 12 months, before rinsing and repeating the process with the next card.

*edit typo

Referral Links

Referral: random (302)

Referees will receive 5,000 Virgin Money Points when they open their first Virgin Money Go Account before 31 July 2024 and meet the Welcome Offer Bonus Points Criteria (1 debit card purchase/direct debits/BPAY transaction in the first 30 days).

Referrer will receive 5,000 Virgin Money Points for each referee who meets the Welcome Offer Bonus Points Criteria, for up to 5 referees in a month.

Financial 0% Purchase Rate Credit Card

Related Stores

Virgin Money
Virgin Money

closed Comments

  • easternculture on 25/02/2017 - 18:15
    -1

    Annual income required of $3500

    Nice. now even a junkie can get this credit card

    • [Deactivated] on 25/02/2017 - 18:52

      Yeah even my kids earn that.

  • knobbs on 25/02/2017 - 19:12

    "Just remember to pay down all of the original Balance Transfer amount before the 6 months is reached and then continue spending up until 12 months"

    How do you pay down the balance transfer? Doesn't the CC just list the total amount you owe?

    • Priceless Class on 25/02/2017 - 20:04
      +1

      You pay down whatever the amount you balance transferred initially was. Ie if you BT'd $5000 and then spent another $4000 on a 10k limit, you'd pay down 5k at the six month mark (or you could do a balance transfer to another card).

      Credit cards are obligated to apply payments to whichever component of the card will have the highest interest rate, in this case being the BT amount as its offer expires first.

      Some cards will just list as one amount, while others will show how your balance is broken up between promotional offers. Not sure about this card though.

  • gza on 25/02/2017 - 21:21
    +3

    Another credit card that previously had a reasonable benefit that has been reduced significantly.

  • gadgetguy on 25/02/2017 - 22:37

    This is the normal deal for this card. No bargain here.

  • Wyler on 26/02/2017 - 08:21

    The 40000 bonus points deal isnt bad considering there is essentially no annual fee and low required income.

    Edit: Although minimum spend requirements may be hard to comply with.

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