Important disclosure

Virgin Money (Australia) Pty Limited

Virgin Money Low Rate Card

  • Apple & Samsung Pay
  • Balance transfer
  • Low annual fee
Purchase Rate

11.99%

p.a

Balance Transfer Rate

0%

p.a

RateCity says

“A competitive low rate credit card with a high number of interest free days and waived annual fee if conditions are met. ”

Tags
  • Apple & Samsung Pay
  • Balance transfer
  • Low annual fee
Purchase Rate

11.99%

p.a

Balance Transfer Rate

0%

p.a

Annual Fee

$99

Pros and cons

For Low Rate Card

Benefits

  • Ongoing variable purchase rate ranked in the best 20%
  • Annual fee of $99 is refunded when you spend $10,000 on purchases every 12 months

Drawbacks

  • No reward program
  • Does not offer free supplementary cards

Virgin Money Rate Credit card overview

For Low Rate Card

Details

Card Level

Standard

Card Type

Visa

Interest Free Days

55

Minimum monthly repayment

2% or $30

Minimum credit limit

$6k

Maximum credit limit

$30k

Free supplementary cards

Instant Approval

Target Market Determination

Visit Virgin Money (Australia) Pty Limited to view Target Market Determination.

Fees

Annual Fee

$99

Annual Fee Spend Waiver

$10k

Supplementary card annual fee

$29

Late Payment Fee

$30

Over limit fee

$40

Duplicate statement fee

$7

Electronic Wallet Service

Important Rates

Rates

Purchase Rate

11.99%

p.a

Cash advance rate

21.69%

Cash advance fee

2.7% or $2.7

Balance Transfer

Balance Transfer Rate

0%

p.a

Transfer Limit

80%

No interest free days apply while you have a balance transfer.

Balance Transfer Fee

1%

Overseas spending

Foreign Exchange Fee

3.3% on Visa

Overseas charges

$5

Estimated ATM Cost

$14.9

for AU $300 withdrawal

Rewards

Program name

Rewards Available

-

Eligibility

Minimum age

25

Minimum income

$35k

Eligibility conditions

-

Residency

Promoted credit cards

Promoted

Longer Balance Transfer

Low Rate (Balance Transfer Offer)

  • Apple, Google & Samsung Pay
  • Balance transfer
  • Low annual fee

Balance Transfer

0% p.a. for 28 months on balance transfers with 3% balance transfer fee and $0 annual fee in first year.*
Purchase Rate

13.74%

p.a

Annual Fee

$0

for 12 months then $58 thereafter

Promoted

Lower Purchase Rate

Orange One Low Rate

  • Apple & Google Pay
  • No annual fee
Purchase Rate

11.99%

p.a

Annual Fee

$0

Promoted

Lower Annual Fee

Low Rate (Credit Back Offer)

  • Apple, Google & Samsung Pay
  • Balance transfer
  • Low annual fee

special

Get $250 back to your new card when you spend $1,500 on eligible purchases in the first 3 months from approval.
Purchase Rate

13.74%

p.a

Annual Fee

$58

Promoted

More Free Days

Lifestyle

  • Apple & Google Pay
  • Balance transfer
  • No annual fee
Purchase Rate

4.99%

p.a

for up to 5 months, then 12.84%

Annual Fee

$0