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Virgin Money credit cards

In 2003, Virgin Money was launched in Australia, initially just offering credit cards to customers. It was started in partnership with Macquarie Bank, followed by a 5-year agreement with Westpac.

In 2013, the Bank of Queensland bought Virgin Money Australia for $40 million, but still pays royalties to the Virgin group.

Virgin Money has about 140,000 customers. As well as credit cards, it offers home loans, bank accounts, insurance and superannuation services. Virgin Money is part of the Virgin Group, and therefore its financial products may be linked to Virgin Australia travel and Velocity points.

Bria Horne
Bria Horne

Personal Finance Writer

Content updated

Product data updated

Why choose Virgin Money

Benefits

  • Wide selection of frequent flyer credit cards
  • 0% balance transfer deals available
  • No annual fee credit card available

Drawbacks

  • Interest rates may be high
  • Annual fees may be high
  • Interest free days are moderately low

Virgin Money Credit Cards

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