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Virgin balance transfer credit card now offering 16 months 0% on balance transfers!!!
Virgin balance transfer credit card now offering 16 months 0% on balance transfers!!!

Virgin balance transfer credit card now offering 16 months 0% on balance transfers!!!

Was just searching for a credit card with a long interest free period to pay off my debt and found this one has 16 months! This means that you can move your balance over from another card and pay no interest on it until the period is up.

There is a 2.98% balance transfer fee, but this charge seems to apply to any card nowadays. I don't recommend you get this card if you want to use it to pay for things, as it doesn't have a great 0% purchases period - I will be setting up monthly payments then cutting mine up!

Looked around everywhere and this seems to beat all other interest free balance transfer periods.

50 Comments

I have a good credit rating and just got refused...oh well.

nice interest free period :thumbsup:

Willocks,

Well if you look anything like TheRealMcLovin, im not surprised you got rejected If you looked like that I would reject you too.

Great card. Got it last year. Time to move to another 0% balance transfer card.

Virgin - sleazy company.

Grass up your co conspirators so you get fined less etc.

The only reason they are called virgin is so it does not look like they are screwing everyone.

Good Deal

Next best at the moment I think is Abbey with 15 months 0% on balance transfers with 3% fee , 3 months 0% on purchases and typical APR 15.9%

I'm not the only one then. Applied yesterday & got refused

Then proceeded to try & get me tied to another card with 36% interest!!!

Kulaak;5085815

I'm not the only one then. Applied yesterday & got refused Then … I'm not the only one then. Applied yesterday & got refused Then proceeded to try & get me tied to another card with 36% interest!!!



Virgin are run by MBNA - So if you have any of their affiliate cards (eg. MBNA, A&L Credit cards) they will turn you down.

be78959;5083896

Willocks,Well if you look anything like TheRealMcLovin, im not surprised … Willocks,Well if you look anything like TheRealMcLovin, im not surprised you got rejected If you looked like that I would reject you too.



LMAO you signed up and made that your first post...good effort

Stuff it then, I am with MBNA

Daniel_Saeed;5086568

Virgin are run by MBNA - So if you have any of their affiliate cards (eg. … Virgin are run by MBNA - So if you have any of their affiliate cards (eg. MBNA, A&L Credit cards) they will turn you down.



So true - MBNA underwrite so much credit card debt in this country and I bet you've already got an MBNA card without really knowing it.

had a letter from virgin the other day,typical apr is going up to 24.9% after promotional period. i have now transferred to loydstsb 0% balance transfer for 14 months

be78959;5083896

Willocks,Well if you look anything like TheRealMcLovin, im not surprised … Willocks,Well if you look anything like TheRealMcLovin, im not surprised you got rejected If you looked like that I would reject you too.



Haha. Agreed, that is a pretty good first post. :thumbsup:

I got this earlier this year. 0% credit on balance transfers until August 2010.

They gave me a £13,500 limit

How Much???

good deal but you have to watch these guys tho, I got this card at the start of the year, made my payment late(My fault I accept) but in turn that invalidates your 16months 0%, thankfully had the money to clear the card cos the interest is not the best outwith the 0%

CoffeMan;5086657

How Much???



£13,500 :whistling:

MBNA - always seem to offer a good 'headline' card - with a good intrest free or a 0% on purchases - then 'accept' you for a card with a very high rate.

Need to be careful - but would be good for some who have not used MBNA.:roll:

This card can also be used for transfers from bank accounts (eg clearing overdrafts) to the 0% rate - but be very careful of actually spending on it - purchases will will only be paid off after outstanding sums on the 0% transfer rate have been cleared... so could chalk up some hefty interest.

I missed my first payment on this card (not really my fault, I put DD details on application form, presumed it would work, rang to check, and missed by 1 day). I called, and they sorted it, without problem. Promotion re-applied, and no fine or mark on record. Ultimately, it was their cockup!

been around a while but still good deal - like people say make sure you pay the monthly payments on time tho....

I've had this card for a while now, I used it to transfer money to my bank account which in turn has paid for my holiday to the Caribbean in November. Yes you can use the "balance transfer" to put money into a bank account.

The best way to make sure you don't get caught out by forgetting to make a payment on time (which invalidates the 16 months interest free promotion) is to set up a direct debit for the minimum payment each month. That way you'll never miss a payment and you can also pay whatever else you want to on top to clear the balance within 16 months (or transfer at the end of the 16 month of course)

bfjem;5086575

LMAO you signed up and made that your first post...good effort



Or didn't have the balls to make same comment under their usual username...........:roll: :thumbsup:

Just a quick bit of advice for anyone who didn't get accepted for this card, try the Abbey card instead.

I had no joy with the Virgin one but got accepted by Abbey. 15 months interest free on balance transfers and a 3% transfer charge so it's nearly as good as the virgin one.

Mine arrived this morning, gave me £16,800 credit :thumbsup:

Only wanted it for a small balance transfer!

Daniel_Saeed;5086568

Virgin are run by MBNA - So if you have any of their affiliate cards (eg. … Virgin are run by MBNA - So if you have any of their affiliate cards (eg. MBNA, A&L Credit cards) they will turn you down.



Not true, I already have an MBNA card, applied for this one at the start of the year and was accepted, although the credit limit was split between both cards (still way more than I'll ever need, no wonder so many people get into trouble with these things).

There's also 6 months interest free on purchases, but as I think someone's already mentioned, they'll apply payments to your statement in a particular order, which usually means you'll pay as much interest as possible over time.

got mine the other day. transfered balance from halifax cred card to virgin, no problem.
althou i did det up direct debit with them to pay minimum each month, am a bit worried by what peeps on here have said about virgin not settin it up properly. anyway said they would comfirm DD setup in a letter through the post. so i guess i shouldnt worry??

Money Saving Expert reccomends this as the best card on the market for balance transfers. If you're not transferring a balance you could get a better card.

As pointed out this has been around a long long time, I got this in November. Still given some heat as 16 months is 16 months !

out of intrest , what sort of wages are the people earning that are getting 13k+ credit limits. ?
also what sort of age.

Dont forget you can get £5 with cashbackkings

I received mine yesterday, transferred a balance across. Gonna lock the card in the house. DO NOT use this card for purchases, as soon as you make 1 purchase you will be charged interest on the whole outstanding balance.
Simply pay off the minimum amount per month till August 2010 and then pay the remaining balance.

If I do a balance transfer to a credit card I then put the card away and don't use it.
The reason is that new purchases and their regular interest rate will not be paid off until the 0% transfer balance is paid off.

Balance transfer are fine if you have a few credit cards and can then use one of your other cards for purchases.

And one more thing I transferred a balance to an RBS credit card and the 3% transfer fee is classed as a normal purchase so they charge regular interest on this transfer fee.
Some of the other credit cards don't do that they probably include the transfer fee at the 0% interest rate when you transfer the balance to them, after all you aren't purchasing anything but they are charging you a fee to transfer.

And if you make a late payment it usually voids the 0% interest so you must be sure to make payments every month before the set payment date.

agaveworm;5088345

Or didn't have the balls to make same comment under their usual … Or didn't have the balls to make same comment under their usual username...........:roll: :thumbsup:



I am conused is that meant imply me? or someone else? :?

Original Poster

Has no-one ever seen the film superbad??:thinking:

mrluke;5089633

out of intrest , what sort of wages are the people earning that are … out of intrest , what sort of wages are the people earning that are getting 13k+ credit limits. ?also what sort of age.



32, clean credit history, not putting salary details in here but it is significantly above the average.

My last card (that I am transferring a small balance from was Egg and they gave me £14,000 credit).

black knight;5093732

32, clean credit history, not putting salary details in here but it is … 32, clean credit history, not putting salary details in here but it is significantly above the average.My last card (that I am transferring a small balance from was Egg and they gave me £14,000 credit).




Similar here too and have been always given 12k+ on each card. Virgin offered me 13k lol....

As for earning as above double ish UK average.

I have a high limit on one card but I've had that limit for years and only used mabye a third of it.

If you always pay on time they usually keep increasing the limit.

My more recent credit cards have a lower limit.

Bit of advice really,

If i want to buy a car for say £10k would i need two credit cards?
i.e. one card to buy the car and then a Virgin card to then transfer the debt to?

cheers folks

kainfs;5099102

Bit of advice really,If i want to buy a car for say £10k would i need two … Bit of advice really,If i want to buy a car for say £10k would i need two credit cards?i.e. one card to buy the car and then a Virgin card to then transfer the debt to?cheers folks



Yes I guess so. Some car companies will charge a surcharge for paying by credit card so factor that into the final price.

What you could do with Virgin is arrange a temporary £10k overdraft, pay for the car that way and then transfer your overdraft onto Virgin as a balance transfer. I believe that is allowed (assuming you can arrange the temporary credit with your bank).
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