Virgin No Annual Fee Credit Card

• No annual fee. Ever.
• A low balance transfer rate of 2.9% p.a. for 6 months.
• Competitive ongoing purchase rate.
• Enjoy up to 44 days interest free on purchases.
• Virgin are bring the colour back! Choose from 6 colours.
• Get access to all the great Virgin family offers and discounts.
• Fraudshield and Visa Zero Fraud Liability protecting you for online and over-the-counter spending.
• Apply before 30th June 2012.
• Read the terms and conditions

How does the Virgin No Annual Fee Credit Card compare for rates and fees against an average credit card? Based on the data from our website this credit card comparison scorecard shows:

		Purchase Rate	Cash Adv Rate	Annual Fee	Bal. Transfer Rate	Bal. Transfer Rate Period
	Virgin No Annual Fee Credit Card	18.99%	20.99%	$0	2.9%	6 months
	The Average Credit Card	17.17%	21.04%	$95	3.04%	7 months

You can transfer from:



• ANZ
• Aussie
• Bank of Melbourne
• Bank SA
• Bankwest
• Coles
• Commonwealth Bank
• HSBC
• NAB
• St.George
• Westpac
• Woolworths

You cannot transfer from:



• Bank of Queensland
• Citibank
• CUA
• IMB
• Suncorp
• Virgin

The Virgin No Annual Fee credit card does exactly what it says on the tin. Often, credit card customers are drawn to cards because of their attractive low interest rates, only to find themselves stung by high annual charges that render interest rate savings irrelevant. With this card, what you see is what you get. In the increasingly confusing world of credit cards and loans, many customers will appreciate this upfront clarity.

Pros

The Virgin No Annual Fee credit card has no annual fee, ever. This guarantee will be a weight off many credit card customer’s minds, as in many cases, annual fees can be a hefty sum to come up with every year. Additionally, the card comes with a reasonably affordable 18.99% p.a. interest rate on purchases too, so customers are not losing what they gain from the lack of annual fees in purchase interest rates either. The card has a standard 44 day interest free period on purchases, providing customers with a little breathing space when it comes to paying for their shopping. There is also a quite attractive 2.9% p.a. balance transfer rate for 6 months, which will suit customers looking to save money on the interest on existing debt.

As well as the cost of the card, there are also security benefits for those who worry about identity theft or losing their cards. The card is protected by Fraudshield, which keeps a watchful eye out for irregular transactions, helping to nip credit card fraud in the bud before customers find transactions have gone ahead with them unawares. There is a quick and easy system for replacing lost or stolen cards, and around the clock support for customers experiencing difficulty. Put briefly, the card is cheap and easy to use in a pinch, which is a refreshing change from the complex cards on offer today.

Cons

The 18.99% p.a. purchase interest rate on the Virgin No Annual Fee credit card is not the lowest on offer in the credit card market, and so customers looking for a low rate on purchases specifically should take a look around for better deals. That said, the rate is not particularly high either; it is a very affordable card. This is not the best deal, however, for customers with a large debt they wish to move in a balance transfer. There is a low 2.9% p.a. rate on balance transfers, but it is only applicable for the first 6 months. Customers looking for a better, more permanent deal on balance transfers might benefit from a card that focuses specifically on this service if they want to make the maximum saving.

Conclusion

The Virgin No Annual Fee credit card is a straightforward, affordable and well-protected credit offer that is suitable for almost any customer who wants a no-frills card with good access and relatively cheap credit. Thought it is not the best of cards for customers looking for balance transfers, it is good for most day to day uses.

The application process is as simple as the card itself, and can be completed quickly online. If you are looking for a no-hassle credit card, why not take ten minutes to fill in an application form, and see if this card could be the card for you?