This Virgin Money card offers more than three years at 0%, it's a good option if you're sure you can clear your debt in 38 months.
Need-to-knows - You need to transfer a balance in the first 60 days to get the 0% interest period. - You'll either get the whole 38 months 0% or be rejected. - You can't transfer a balance from another Virgin Money card. - This card accepts transfers from UK-issued Amex cards. - After the 0%, it's 20.9% interest on any remaining transferred debt. - Always pay at least the minimum monthly repayment, or you'll lose the 0% deal. - Don't spend/withdraw cash on this card. It usually isn't at the cheap rate and cash withdrawals hit your credit file. - Balance transfer length & fee: Up to 38 months 0%, 1.5% fee
Deal source - MSE
13 comments
puddles9999
13 Jul 172#1
Heat
maccy1
13 Jul 173#2
Heat added vassy :smile:
ILikeUsingGifsToComment
13 Jul 173#3
0% For 38 months! I like the look of that.
Nice one vassy :wink:
salsheikh
13 Jul 171#4
nice deal. thanks
summerof76
13 Jul 173#5
Nice deal, heat added
scoobytawazara
13 Jul 17#6
money transfers only 20 months though!
JohnnyUtah
13 Jul 171#7
I understand it's down to personal circumstances and there is the MSE eligibilty calculator but do Virgin have a higher chance of rejecting than other cards?
gonoel
13 Jul 17#8
1.5% is pretty high for a balance transfer fee. When there are 0% transfer fees out there. Transfer £5000 and that'll cost £75 extra.
dantesfireplace
13 Jul 171#9
My experience last/this year with a Virgin Credit card has been bad.
No mobile app (just madness in 2017)
Website for the online account isn't optimised for either mobile and strangely, nor is it optimsed for normal use either.
Asked them to close my account but they left it open for a further 3 months.
8 months after closing the account they send a 'live' account statement to my previous address.
Each time I've called their customer service they sound very inexperienced and you worry that they can actually resolve anything.
ms2005 to dantesfireplace
13 Jul 17#11
It is now optimised. I agree I'm not a fan mind. Took it out of a NIL fee last year and they added 3% so i queried it and they denied offering nil fee so i sent the confirmation email confirming what it said and they ignored it.
Also. I made a large purchase on it and paid it off the same month to avoid interest but they applied the payment against the previous months balance and then charged me interest on the purchase. I'm not expert but i thought it was standard practice to apply payment against interest accruing balances first.
Would avoid personally.
bd1981bd
13 Jul 17#10
For goodness sake don't use this for spending either!
Spartan88
14 Jul 17#12
It is now optimised. I agree I'm not a fan mind. Took it out of a NIL fee last year and they added 3% so i queried it and they denied offering nil fee so i sent the confirmation email confirming what it said and they ignored it. Also. I made a large purchase on it and paid it off the same month to avoid interest but they applied the payment against the previous months balance and then charged me interest on the purchase. I'm not expert but i thought it was standard practice to apply payment against interest accruing balances first.
Would avoid personally.[/quote]
If you paid the amount off before your purchase appeared on a statement, the payment would have been applied to the previous months balance.
Also, avoid spending on a balance transfer card because unless you have a 0% purchase offer, you'll usually pay interest on the purchase from the purchase date unless you clear the balance in full (including the balance transferred).
dodgymix
14 Jul 17#13
1.5% fee... Fcuk that
much better to get shorter term with no fee and transfer at end if you have debt
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Opening post
Need-to-knows
- You need to transfer a balance in the first 60 days to get the 0% interest period.
- You'll either get the whole 38 months 0% or be rejected.
- You can't transfer a balance from another Virgin Money card.
- This card accepts transfers from UK-issued Amex cards.
- After the 0%, it's 20.9% interest on any remaining transferred debt.
- Always pay at least the minimum monthly repayment, or you'll lose the 0% deal.
- Don't spend/withdraw cash on this card. It usually isn't at the cheap rate and cash withdrawals hit your credit file.
- Balance transfer length & fee: Up to 38 months 0%, 1.5% fee
Deal source - MSE
13 comments
Heat added vassy :smile:
Nice one vassy :wink:
No mobile app (just madness in 2017)
Website for the online account isn't optimised for either mobile and strangely, nor is it optimsed for normal use either.
Asked them to close my account but they left it open for a further 3 months.
8 months after closing the account they send a 'live' account statement to my previous address.
Each time I've called their customer service they sound very inexperienced and you worry that they can actually resolve anything.
Also. I made a large purchase on it and paid it off the same month to avoid interest but they applied the payment against the previous months balance and then charged me interest on the purchase. I'm not expert but i thought it was standard practice to apply payment against interest accruing balances first.
Would avoid personally.
Also. I made a large purchase on it and paid it off the same month to avoid interest but they applied the payment against the previous months balance and then charged me interest on the purchase. I'm not expert but i thought it was standard practice to apply payment against interest accruing balances first.
Would avoid personally.[/quote]
If you paid the amount off before your purchase appeared on a statement, the payment would have been applied to the previous months balance.
Also, avoid spending on a balance transfer card because unless you have a 0% purchase offer, you'll usually pay interest on the purchase from the purchase date unless you clear the balance in full (including the balance transferred).
much better to get shorter term with no fee and transfer at end if you have debt