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Virgin Money – 0% p.a. for 26 months on Balance Transfers*

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Seriously Rewarding – Long Balance Transfer Offer

The Offer:
  • 0% p.a. for 26 months on balance transfers* (reverts to cash advance rate). No interest free days apply while you have a balance transfer.
  • Half annual fee for the first year, then $129 thereafter.
  • Unlock a $129 Virgin Australia Gift Voucher, each year. Spend criteria applies.
  • Earn 0.66 Velocity Points per $1 spent on Eligible Transactions up to $1,500 each statement period, 0.5 Points per $1 spent thereafter.

Apply for the Virgin Australia Velocity Flyer Card today!

Important information:

Apply by 29/01/2021. T&Cs, eligibility and credit criteria apply. Credit provider and issuer Citigroup Pty Ltd ABN 88 004 325 080 AFSL/Australian credit licence 238098.

*Your total balance transfers may not exceed 80% of your credit limit. The balance transfer interest rate applies to balances transferred with this offer for the period shown, from the date the balance transfer is processed. At the end of the balance transfer period, the interest rate on any outstanding transferred balance will revert to the interest rate for cash advances, currently 20.99% p.a. on the Virgin Australia Velocity Flyer Card, Virgin Australia Velocity High Flyer Card and Virgin Money No Annual Fee Card, and 21.69% p.a. for the Virgin Money Low Rate Card. Interest rates are variable and subject to change. The interest rates are current as at 1 December 2020. This offer is valid until 29 January 2021. Please note that unless advertised otherwise, you are not entitled to any interest free days whilst you have a balance transfer. This means that all spend will be charged interest at the applicable ongoing purchase rate. If we approve your credit card application, the Balance Transfer offer will be available for up to 90 days from the date your application is approved. Velocity Points are not issued on balance transfers. View more information about balance transfers.

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.

Related Stores

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closed Comments

  • What if it's a balance transfer from personal loan?

    • Virgin Money's cards are rebranded Citibank cards, with similar policies. Their "balance transfers" are incredibly generous, same as Citibank's "cheque to self" feature, they'll basically just transfer you the money. I got a card with a $50k limit on it, used it for three months to qualify for the sign up bonus, then had them transfer $40k to me on the last day (can use the 0% balance transfer up to three months after the card is issued) and put it in my offset account.

      Second time round doing this for me.

  • Seriously Rewarding

    Not if you pay off your card each month…

    • The trick is not to actually use the card, aside from the balance transfer, so that you don't incur any interest due to not paying off your card in full.

  • +2

    Can't find any note on Balance Transfer Fee, which I assume it might be zero then?
    If that's the case this is a good and long BT deal..

  • +1

    Is this like CITI bank balance transfer where they send a cheque or this money will go directly to CC account?

    • +1

      Will apply for sure if this is cheque or bsb

      • It's cheque or transfer; can't recall if they did to BSB, but they will do it to a bpay - I got them to bpay to my ANZ CC account, which doesn't charge me a cash advance fee to transfer out so long as the card balance is in credit (but check with your bank to confirm if you're going to do this).

  • Do you have to transfer the balance when you apply, or can it be anytime before the 29/01?

    Thinking about buying a car on existing card and transferring balance to this card to pay off over a couple of years interest free.

    The catch is if I buy the car then get refused this card I'm up a faecal river…

    • The "balance transfer" was available up to three months after the card approval date both times I've done this.

  • If you look around this forum, plenty of people with good credit history, income with low debt applied and got rejected and they don't tell you the reason why.

    If you are looking to unnecessarily blemish your credit history, this is the place to do it.

  • Annual fee kills this deal.

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