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Low Rate Card



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending




The Virgin Money Low Rate credit card has a moderately low annual fee, moderately low interest rates and a moderately low number of interest-free days. The card also has a low late payment fee and charges an international transaction fee. The card does not have an associated reward scheme.

The Virgin Money Low Rate card employs Fraudshield, which contacts customers if any irregular transactions take place on the account. The card also comes with Visa’s zero liability policy, which ensures that card holders are not held liable for fraudulent purchases made on the card.

For customers who wish to transfer existing debt, the Virgin Money Low Rate card provides 0 per cent interest for 14 months on balance transfers.

This card is eligible for Samsung Pay and Visa payWave for easy and secure spending.

  • Low late payment fee
  • 0% balance transfer offer
  • Moderately low interest rates
  • Charges an annual fee
  • Charges overseas transaction fees
  • No rewards scheme

Who is it good for?

The Virgin Money Low Rate credit card may suit customers who struggle to clear their credit card debt each month. It may also be suitable for potential card holders with current debt, as this card offers 14 months interest-free for balance transfers. This balance transfer deal may be beneficial for customers looking to take control of their credit card debt.

The card may not be a sensible choice for customers who wish to earn rewards as they spend. Because the Virgin Money Low Rate card does not have an associated rewards scheme, your purchases do not earn frequent flyer points or cash back.

This card is also not particularly well-suited for international spending. The card charges a moderate overseas purchase fee for purchases made with vendors located overseas or for purchases made in foreign currency.

What RateCity says

The Virgin Money Low Rate credit card has moderately low interest rates and a reasonable interest-free period, which may make it a good fit for potential customers who are either currently in debt or who struggle to pay their credit card bill in full each month.

However, this card offers few advantages to most customers. While the offer of 0 per cent interest for 14 months on all balance transfers may be attractive to some customers, they may find that there simply aren’t enough benefits after the offer has expired.

Budget card holders looking to minimise fees may benefit from a card that does not charge an annual fee, and customers seeking frequent flyer points or cash back may be better suited to a credit card with a rewards scheme.


Eligible applicants for the Virgin Money Low Rate credit card will be 18 years or older and have a good credit score. Applicants must be Australian citizens or Australian permanent residents with an annual income of at least $35,000. Customers should have their income and living expense details nearby when applying, as well as information on outstanding balances of previous credit cards and loans. Applying online takes only 10 minutes with Virgin Money’s secure online application.

About Virgin Money

Virgin Money is a financial services brand whose mission is the delivery of simple financial products. Founded in 1995 as a part of the broader Virgin brand, Virgin Money provides credit cards, home loans, and savings accounts to Australian consumers. They also offer several insurances including car, home, income protection, life and travel insurance. Virgin Money customers can manage their accounts online or reach a staff member 24/7 via Virgin Money’s hotline.

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