The Virgin credit card balance transfers offer for 16 months is one of the longest introductory offers around. So if you’re rapidly racking up interest on your credit cards the Virgin card could save you hundreds.
-Apply for the Virgin credit card balance transfers offer
According to the British Banking Association, nearly three quarters (74.1%) of all UK credit card debt is earning interest. And with the average APR on UK credit cards now at a staggering 17.73%, it means you would save £221 in interest payments for every £1,000 of UK credit card debt switched to the Virgin credit card.
The Virgin credit card has a 3% balance transfer fee, which works out to £30 for every £1,000 you switch, but this is a minimal expense compared to the saving from the Virgin credit card 0% balance transfer for 15 months offer. But you must avoid spending on the Virgin card so that you don’t end up paying interest on that spending at the full APR of 16.6% while you pay off your balance transfer.
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| Key features of the Virgin credit card | Key benefits of the Virgin credit card |
| 0% for 15 months on transfers | 10% off at Virgin Media |
| 2.98% transfer fee | 10% off at Virgin Megastores |
| 0% three months on purchases | 10% off at Virgin Wines |
| 15.9% typical APR | 20% off at Virgin Experience Days |
| 24.9% APR on Cash Withdrawals | One month off at Virgin Active |
| 2.75% fee on transactions abroad | 10% off at Virgin Holidays |
| £12 fine for going over your credit limit | 10% off at Virgin Trains |
| £12 fine for late payments | 10% off at Virgin Money Car, Home, Pet and Travel Insurance |
| £12 fine for payments that bounce | Free Travel Accident Insurance up to £100,000 |
Learn more about balance transfer credit cards
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