Virgin Money - $0 Annual Fee Credit Card with 0% for 12 Months on Purchases and Balance Transfers*

Go to Deal

Store RepNick from VMA on 04/11/2020 - 11:12 virginmoney.com.au (174 clicks)
Last edited 04/11/2020 - 11:15

No annual fee ever. Zip, Zero, Zilch, Nada

The Offer:

0% p.a. for 12 months on purchases* (reverts to ongoing purchase rate)
0% p.a. for 12 months on balance transfers* (reverts to cash advance rate). No interest free days apply while you have a balance transfer
Get this great value card for no annual fee, ever.

Apply for the Virgin Money No Annual Fee Card today!

Important information:
Apply by 30/11/2020. T&Cs, eligibility and credit criteria apply. Credit provider and issuer Citigroup Pty Ltd ABN 88 004 325 080 AFSL/Australian credit licence 238098.

*Purchase and Balance transfer offer: Your total balance transfers may not exceed 80% of your credit limit. The promotional rate of 0% p.a. applies to balances transferred with this offer at point of application for the promotional period advertised. The promotional period commences once the balance transfer is processed. At the end of the balance transfer promotional period, the interest rate on any outstanding transferred balance will revert to the variable annual percentage rate for cash advances, currently 20.99% p.a. on the Virgin Australia Velocity Flyer Card and Virgin Money No Annual Fee Card. Interest rates are variable and subject to change. The interest rates are current as at 30 September 2020. This offer is valid until 30 November 2020. Velocity Points are not issued on balance transfers. This offer excludes balances transferred from Virgin Money unsecured credit products. View more information about balance transfers. The promotional rate of 0% p.a. applies to retail purchases for the promotional period advertised from the date your account is approved. At the end of the promotional period, the variable annual percentage rate for retail purchases, currently 20.74% p.a. on the Virgin Australia Velocity Flyer Card and 18.99% p.a. on the Virgin Money No Annual Fee Card will apply to any outstanding retail purchases and any new retail purchases. Please note you will not be entitled to any interest-free days on retail purchases at the end of the promotional period whilst you have a balance transfer. This means that all spend will be charged interest at the applicable annual percentage rate. Minimum monthly payments required. Payments will be applied to your account as per the Credit Card Terms and Conditions and Other Important Information. Please note that if you make a retail purchase before your balance transfer is processed, payments made during the Balance Transfer promotional period will be applied to the retail purchase balance before the balance transfer.

Referral Links

Referral: random (305)

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 Credit Card

30 Nov 2020

Related Stores

Virgin Money

closed Comments

Ryk on 04/11/2020 - 11:35

reverts to 18.99% p.a.
Cash advance rate 20.99% p.a.
International transaction fee $??
uMsAeZr on 04/11/2020 - 11:46

Terrible communication with VM. I was hit with late fees and negative credit rating due to it. Even after contacting multiple times to clarify my payments. Still not fully resolved.
coolsteps on 04/11/2020 - 11:59

+1

beware Credit provider and issuer Citigroup Pty Ltd
- new2onlineshopping on 04/11/2020 - 13:08
  
  Why beware? Are Citigroup not a good credit provider/issuer of credit cards/products?
  - aleayr on 04/11/2020 - 13:13
    
    Citibank only allows you to have a couple of cards from them. Otherwise, it may be an automatic decline from some feedback I've read.
    - new2onlineshopping on 04/11/2020 - 13:15
      
      Thanks. I have none from them/their group. Am always on the lookout for no annual fee cards as I like to have the credit available if needed. Will always pay the amount due before the end of the interest free days. Credit card companies hate me for this (and it probably does not do anything positive for my credit score either)! :)
      - eyebrows7 on 04/11/2020 - 13:41
        
        @new2onlineshopping: Yeah I'm currently doing the same with an ANZ card. Pretty much all of my spending on it, freeing up my entire pay (minus minimum repayments) to throw into my mortgage. Then wipe it out and kill the card before the promotional 0% interest period ends. So far so good.
        
        new2onlineshopping on 04/11/2020 - 13:46
        
        @eyebrows7: What concerns me is the historically low rates that the RBA have just announced, with the possibility of rates going into the negative. Which effectively may mean that banks will charge us for the "privilege" of having accounts with them (savings or credit).
        
        This is truly the New World Order, since many places now will not allow us to pay with cash (despite cash still being legal tender). As much as I like to have credit available if needed, I hate that there is a digital/paper trail back to me/my identity. I would much prefer to have all transactions done via cash.
        
        eyebrows7 on 04/11/2020 - 14:34
        
        @new2onlineshopping: Well because the credit card has been entered into on a contract, I cannot see the terms on it being changed for as long as I have it. Ongoing beyond this card, yeah it'll be interesting to see what happens. Otherwise with my mortgage, I may consider redrawing much of my advance if it does go negative haha.
        
        I believe there's good justification for both, and so I'm comfortable with just using cards. But I also hold concerns with paper trails and identity, I guess not as strongly.
CyberMurning on 04/11/2020 - 13:00

long long long ago i remember there was a virgin credit card but with cool design ie the card has one rounded corner.
pantsparty on 04/11/2020 - 14:47

No bonus points = no deal.

This was posted 4 years 18 days ago, and might be an out-dated deal.