Virgin Credit Card

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Virgin, the official name of which is Virgin Group Ltd., is a British multinational company that was founded by Sir Richard Branson. Considering how huge is the scale of this company, it shouldn’t be surprising that it offers several types of credit cards to its clients. This article will help you find out more about the Virgin credit card, as well as you will learn about the cards’ advantages and drawbacks.

Things You Should Know About Virgin

Virgin Group Ltd. is a large British conglomerate that owns more than 400 companies. The company operates on a global scale and offers the following products and services: travel, retail, radio, music, mobile phones, jewelry, internet, healthcare, films, consumer electronics, commercial spaceflight, commercial aviation, books, and banking. Considering how many services this company offers, it is natural that having a Virgin credit card may be quite beneficial for you.

­­In 2016, the company’s revenues exceeded $13.20 billion. The number of the workers employed by Virgin exceeds 71,000. In order to apply for a Virgin credit card, you should visit the closest office of this company or, which is more convenient, you can do it online.

Types of the Virgin Credit Card

Virgin Credit Card

Virgin, indeed, offers a large number of credit cards to its customers, so you will be able to choose something that really suits your needs. While we will only slightly describe what are the main types of the Virgin credit cards in this section, below we will look at each of the cards in detail. So, there are the following types of the Virgin credit cards:

  • Virgin Purchase Credit Cards. These credit cards from Virgin are tailored for people who want to enjoy the rewards from making daily purchases. Besides, this type of Virgin credit card is also good for building a good credit history. These cards would be equally useful if you decide to make a big purchase or spend your money on travelling. As of the present time, Virgin offers 4 types of customizable purchase credit cards.
  • Virgin Balance Transfer Credit Cards. These types of Virgin credit cards are good for those people who pay interest on their other credit cards and want to lower it. If you are looking for a card simply for making purchases, it would be better to apply for a Virgin Purchase Credit Card. Typically, Virgin Balance Transfer Credit Cards come with a free promotional period and 0% APR on balance transfers.
  • Virgin All Round Credit Cards. The name of these cards is pretty self-explanatory, and these Virgin credit cards would be equally useful for making purchases or transferring balances. These credit cards from Virgin typically give you the option to choose either a special financing period for making large purchases or transferring your debt. Typically, these credit cards also give you a 0% introductory APR period for purchases.
  • Virgin Money Transfer Credit Cards. This type of Virgin credit cards typically offers to the customers to transfer money from a new credit card to the existing credit card for a low rate. Typically, that is done with the purpose to cover a large overdraft. Additionally, some of such Virgin credit cards offer quite a long no interest period on the sum that was borrowed.
  • Virgin Atlantic Credit Cards. These credit cards from Virgin are tailored for people who often fly and want to convert it into some free flights, discounts, or flight upgrades. There are two types of such credit cards, and you will get to know about them lower.

Virgin Purchase Credit Card

Annual fee: £0.

APR for purchases: 19.9% APR after the 0% introductory purchase period ends.

Network: Mastercard.

Credit line: up to £1,200.

Financial offers: 0% APR on purchases during the first 28 months.

As it was pointed out above, this Virgin credit card would be perfectly suitable for anyone who frequently make purchases and want to enjoy a 0% APR period on purchases. This Virgin credit card would be a perfect choice, as it offers you 28 months of the 0% APR period on purchases! After that introductory period expires, the APR will be as high as 19.9%, which appears to be a market average.

Among other benefits of this credit card from Virgin, there is a 0% introductory APR period on balance transfers for 18 months. Besides, you will enjoy the equally long 0% introductory APR period for money transfers. Though, while the balance transfer fee appears to be 2%, the money transfer fee tends to be equal to 3%.

In addition to all that, you actually get a customizable credit card. For instance, you can choose a credit card with a design of the Manchester United football card and get additional bonuses. Moreover, there are 12 types of the designs of this Virgin Purchase Credit Card, and each of them comes with certain bonuses. In order to apply for this credit card, you need to be a UK citizen and have an annual income of at least £7,000.

Virgin Balance Transfer Credit Card

Annual fee: £0.

APR for purchases: 20.9% APR after the 0% introductory purchase period ends.

Network: Mastercard.

Credit line: up to £1,200.

Financial offers: 0% APR on balance transfers the first 35 months.

Actually, there are three types of Virgin Balance Transfer Credit Cards, which vary only in one parameter: how long is the 0% introductory APR period on balance transfers. There are the cards with the following intro periods available: 35 months, 32 months, and 30 months. After this period expires, the interest rate will be 20.9% (the same APR will be applied to money transfers and purchases).

There are also other benefits from getting this Virgin credit card. Actually, you also get a 3-month long 0% introductory APR period on making purchases and a 20-month long 0% introductory APR period on money transfers. However, there are fees that are applicable even during the introductory APR periods: a 2.50% fee on money transfers and a 2.80% fee on balance transfers. The criteria for applying for this credit card and various designs are same as for the previous Virgin credit card.

Virgin All Round Credit Card

Annual fee: £0.

APR for purchases: 18.9% APR after the 0% introductory purchase period ends.

Network: Mastercard.

Credit line: up to £1,200.

Financial offers: 0% introductory APR period on purchases, money transfers, and balance transfers for the first 27 months.

As it was previously mentioned, this Virgin credit card can be equally used for the purposes of balance transfers, money transfers, and purchases. Actually, you get a credit card with equally long 0% introductory periods on purchases, money transfers, and balance transfers – each of them is a 27-month long.

After those periods expire, however, you will have to pay an interest. The interest rates vary for each of those actions: 18.9% APR on purchases, 20.9% APR on balance transfers, and 22.9% on money transfers. The fees are applicable even during the introductory periods: a 2.90% fee on balance transfers and a 4 % fee on money transfers. The criteria you need to match in order to apply for this Virgin credit card and the number/variety of the card’s designs are same as of the first credit card.

Virgin Money Transfer Credit Card

Annual fee: £0.

APR for purchases: 20.9% APR after the 0% introductory purchase period ends.

Network: Mastercard.

Credit line: up to £1,200.

Financial offers: 0% introductory APR period on money transfers and balance transfers during the first 32 months.

This Virgin credit card would be perfectly suitable for everyone who seeks to transfer money or balance, as it provides you with 0% introductory APR periods on money and balance transfers. It is worth to note, however, that the 0% introductory APR period on purchases is just 3-month long. After each of those introductory periods expire, you will have to pay 20.9% APR for each of the services.

While this credit card from Virgin seems to be fairly good for transferring both money and balance, the situation seems a bit different. During the introductory period, you will have to pay fees for transferring your money or balance – and the fees on money transfers tend to be rather on the high side. While the balance transfer fee appears to be as low as 0.60%, the money transfer fee is quite high and equal to 4%.

Virgin Atlantic Credit Cards

As of the present time, there are two types of the Virgin Atlantic Credit Cards: the white Virgin credit card account and the black Virgin credit card account. Both of these cards offer bonuses to its customers for making flights, but the other rewards are different. The users will receive 1 club point for every £1 with a white credit card and for every £2 with a black credit card.

While the white credit card is more beneficial due to lower fees, the black credit card is aimed towards frequent travelers and allows them to collect more bonuses. Unfortunately, Virgin currently doesn’t accept new customers to its Virgin Atlantic Credit Cards.

Besides, you can also get to know more about the Amazon credit card.

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