Virgin have a number of balance transfer cards with different terms and fees up to 3% but the best two we found were
30 months 0% on balance transfers with a 0.55% transfer fee
32 months 0% on balance transfers with a 0.6% transfer fee
24 months 0% on balance transfers with a 0% transfer fee
I'd never recommend getting a credit card but if you already have a credit card it's a great idea to switch your balance to a 0% card and use the
money you save to pay off the balance.
At the end of the term move the balance to the next 0% offer to avoid paying any interest.
6 comments
gonoel
12 Jul 17#6
There's no such thing as a stupid question.
You normally can't get a balance transfer card if you already have a card with that bank.
There are plenty of balance transfer cards out there that you can transfer your current balance. This one is a good deal but there are others you can get if you already have a virgin card. The 0% periods range up to 40 months but you want a low transfer fee to make it worthwhile.
happysack
12 Jul 17#5
Stupid question... can you get a second card if you already have one and transfer from that?
gonoel
11 Jul 17#4
Money transfers on a new card along with balance transfers cards all temporarily effect your credit rating in the same way that a new credit card application will hurt your credit rating. Even an increase in your credit limit on an existing card will lower your credit rating temporarily.
gwapenut
11 Jul 17#3
Cash withdrawals can hurt your credit rating so I use a low rate mule card with no handling fee for money transfers, then BT from that. But .... can money transfers to a current account hurt your credit rating n the same way as cash withdrawals?
2015
11 Jul 17#1
Ahhh thought this was on money transfers. Been holding out on the 2.9% fee. Thought it had finally dropped
gonoel to 2015
11 Jul 17#2
Money transfers never seem to go low. Best way is to withdraw funds on your old card and then do a balance transfer
Opening post
30 months 0% on balance transfers with a 0.55% transfer fee
32 months 0% on balance transfers with a 0.6% transfer fee
24 months 0% on balance transfers with a 0% transfer fee
I'd never recommend getting a credit card but if you already have a credit card it's a great idea to switch your balance to a 0% card and use the
money you save to pay off the balance.
At the end of the term move the balance to the next 0% offer to avoid paying any interest.
6 comments
You normally can't get a balance transfer card if you already have a card with that bank.
There are plenty of balance transfer cards out there that you can transfer your current balance. This one is a good deal but there are others you can get if you already have a virgin card. The 0% periods range up to 40 months but you want a low transfer fee to make it worthwhile.