Virgin Credit Card extended offer - 0% for 36 months on balance transfers and money transfers and 0% for 6 months on purchases
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Virgin Credit Card extended offer - 0% for 36 months on balance transfers and money transfers and 0% for 6 months on purchases

27
Found 5th Mar 2015
The Virgin Extended Balance Transfer credit card matches the best-buy 36 month deal recently launched by Barclaycard which was, until now, the longest interest-free balance transfer credit card ever.
However, the Virgin account also offers no interest for 36 months on money transfers - by far the longest promotion of this kind currently available.

No nasty surprises, if approved, you will get our advertised offer
A choice of balance transfer and purchase credit cards
Access to a great range of Virgin offers
Free membership to our Lounges

Note - It charges 3.49 per cent of the overall balance to shift debt from other credit cards. Money transfers cost 4 per cent.

The introductory rate for balance transfers and money transfers only applies to transactions made within 60 days of the account opening date. The promotional period starts from the date the account is opened.
Interest once the promotion comes to an end shoots up to 18.9 per cent on balance transfers and purchases, which money transfers are a slightly higher 20.9 per cent.

27 Comments

If your after a money transfer the best deal I can currently see is the MBNA card via Moneysupermarket for 2 years 0% - one off fee reduced to 1.94%

MBNA are sharks. stay well clear.

audioslim

MBNA are sharks. stay well clear.

why I have had no problems with them

If you don't pay on time all credit companies are sharks...

Who issues the card as my old virgin card has been re-adopted back to MBNA several months ago and that is coming to the end of its 0% offer rate .

Chanchi32

If your after a money transfer the best deal I can currently see is the … If your after a money transfer the best deal I can currently see is the MBNA card via Moneysupermarket for 2 years 0% - one off fee reduced to 1.94%



Cant find this deal.

I can only find 24 months at 2.79% handling fee on the MBNA site.

http://www.mbna.co.uk/uploads/mastheads/Desktop_Masthead-RATES_amended_050115_2.png

Chanchi32

If your after a money transfer the best deal I can currently see is the … If your after a money transfer the best deal I can currently see is the MBNA card via Moneysupermarket for 2 years 0% - one off fee reduced to 1.94%



Ah, Ive found them, but they're better than you said.

The 2 year one is 1.75% fee (its 22 months, but we'll call it 2 years)
mbna.co.uk/cre…rd/

Theres a 32 month version and thats the one with the 1.94% rate
mbna.co.uk/cre…rd/

Silhouette

Ah, Ive found them, but they're better than you said.The 2 year one is … Ah, Ive found them, but they're better than you said.The 2 year one is 1.75% fee (its 22 months, but we'll call it 2 years)http://www.mbna.co.uk/credit-cards/mbna-everyday-credit-card/Theres a 32 month version and thats the one with the 1.94% ratehttp://www.mbna.co.uk/credit-cards/mbna-credit-card/



the 1.75% fee one that just looks a balance transfer not a money transfer

Whats the difference? Is Money Transfer when you pay (essentially) transfer an Overdraft?

Or do people consolidate things like Pay Day Loans and stuff, which arent 'Balance' but would require settlement/paying off (i.e. Money Transfer) is that what that means?

simmmy

Who issues the card as my old virgin card has been re-adopted back to … Who issues the card as my old virgin card has been re-adopted back to MBNA several months ago and that is coming to the end of its 0% offer rate .

this card is issued by virgin money. this is the first card launched by vm as they have noe started their oen credit card platform

ive just moved over to Santander

Silhouette

Whats the difference? Is Money Transfer when you pay (essentially) … Whats the difference? Is Money Transfer when you pay (essentially) transfer an Overdraft?Or do people consolidate things like Pay Day Loans and stuff, which arent 'Balance' but would require settlement/paying off (i.e. Money Transfer) is that what that means?



Money transfer credit cards pay cash straight into your current account. So you could then use the cash for a big purchase, or settle debts such as payday loans, overdrafts etc. The 1.94% fee from MBNA via moneysupermarket is a lot cheaper than a loan providing you are disciplined and pay off the balance by the end of the 2 year 0% period

Balance transfer is where you have an outstanding balance with another credit card provider and you are shifting that debt to another credit card, usually on a 0% rate for a period of time with a small fee. Loads of competitive deals around at the moment. The two areas that the lenders play in are around balance transfer length and fee. Generally if you can pay back quicker e.g. 2 years, better to go with a balance transfer with a lower balance transfer duration which has a smaller fee. Theres a couple of cards that are even waiving the fee. Also good to check Quidco/Topcashback to see if there are any cashback deals on top.

Really depends on what you are trying to do. cheers

Edited by: "Chanchi32" 7th Mar 2015

I thought Virgin pulled out of credit cards - mine changed to MBNA over a year ago

my Virgin card also got switched to mbna

thanks i got turned down for the barclay card one as it said i had one already even though ive never had one and this one got approved with a 4k limit but then that was the balance transfer amount......

If this has actually gone throughtas i know sometimes they turn it down later its really saved my bacon as id got stuck in a rut with a high interest card thats been rogering me!

Great chance to get rid of all your credit card debt.

thats what im hoping

Ive had this for a few years now, they send out a new 0% transfer offer pretty much every month to existing customers.

Any advantages for existing Virgin Broadband customers if taking one of these cards?

simmmy

Who issues the card as my old virgin card has been re-adopted back to … Who issues the card as my old virgin card has been re-adopted back to MBNA several months ago and that is coming to the end of its 0% offer rate .


Same here. I just assumed that Virgin were getting out of the credit card game at the time but obviously not.

Is this underwritten by Virgin or by someone else?

Seems quite good

Underwritten by Virgin

Santander offer 18 months on balance transfers with 0% fee

there already processing mine!

I have an 800 credit card debt that I wish to pay off how do I go about doing this?

i did it all online and they have completed the transfers already.................do i need to check its 0% interest free.
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