Virgin Money No Annual Fee Credit Card

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
All banks
Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
Virgin Money No Annual Fee Credit Card
Apply by 31 mar 19
14 reviews
Virgin Money No Annual Fee Credit Card
$0 annual fee for the life of the card.
6.9% p.a. for 36 months on balance transfers.
Up to 44 days on purchases.
Add to comparison
36 months
6.9% p.a.
then 20.99%
with a 0% fee
18.99% p.a.
ongoing
$0
ongoing

Pros & cons

What's good?

What's not so good?

$0 annual fee for the life of the card.
6.9% p.a. for 36 months on balance transfers.
Up to 44 days on purchases on purchases when you pay off your credit card balance each month.
For purchases of up to $100, you can use the Visa payWave feature.
No extra cost to have up to 4 additional cardholders for family.
Any balance that was transferred that remains after the offer ends will revert to the cash advance rate, currently 20.99% p.a.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.0 out of 5.0 based on 14 reviews86% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Great service, and no annual fee

Reviewed and recommended by Daryl on 08 Apr 2017

The card has no monthly fee, so it is great. It is easy to use and doesn’t cost anything if you pay the money back before a certain date.

It was simple to apply for it and I can access my statement online without hassles. It’s beneficial to own this card.

I save on annual fees and charges

Reviewed and recommended by Renee on 05 Apr 2017

It’s a good card to get to save on annual fees and charges. I like a low interest rate and I’ve found this one to be the best for my circumstances.

Their friendly customer service will help you choose the right card for you. There are lot of excellent options to save money.

Interest-free but useless customer service

Reviewed and recommended by Steff on 12 Dec 2016

This card has an 18 month interest-free period on balance transfers. I got this card to roll my loan and credit card into one interest-free card to pay off quickly and I am very happy with the deal.

What I’m not happy with is the customer service. The multiple team members I spoke to could not follow clear instructions from myself or my other bank (where I held the original loan and credit card) and were not following through on rectifying the issues that they were causing after they assured me everything had been sorted out. I had to follow them up myself several times before it was eventually resolved.

High interest, no rewards

Reviewed and not recommended by Kim on 28 Sep 2016

Customer service is good. The downside is that I don’t get any rewards or incentives with this particular card. The interest rate is a bit too high also.

If I could change cards I would , but at this stage I need to pay it off. Once I have achieved this I will look into another card.

Cheap and cheerful

Reviewed and recommended by Katelyn on 04 Aug 2016

Love that there is no annual fee but also feel there is no incentive to use it for everyday purchases: no rewards program or special offers or discounts. Great for emergencies, online shopping, and travel. I feel I have nothing to lose by having this credit card and is a good backup if I ever needed to pay for something at short notice.

No annual fee winner!

Reviewed and recommended by Belinda on 02 Jul 2016

I love that this card has no annual fee. It’s the only card I would have because of it! If I have ever needed to contact Virgin, their customer service have been prompt and helpful. Their website is easy to navigate and bill payment is easy. I would highly recommend this card.

An unforgiving provider

Reviewed and not recommended by Greg on 01 Jul 2016

Unknown to me when I got this card there were to be late fees of $10 per day your payment is late. I once failed to receive a bill in the mail and only found out my payment was late because I got a phone call from them about it. They wouldn’t waive the fees for me for not receiving the bill on time and had to pay a hefty late fee.

Staff are excellent at Virgin Money

Reviewed and recommended by Dee on 17 Jul 2015

Always helpful staff – they’re pleasant, actually helpful, always available on phone and patient with your specific needs. You also have their website, which is accessible and easy to use 24/7.

Never have had trouble with my Virgin credit card.

Very pleased with this card

Reviewed and recommended by Natalie Donsky on 20 Oct 2013

I got this card because it had no annual fees for life. It has since become an Ignite card supported by Westpac. True to its initial claims it has been fee free. I am able to transact with my card using Westpac which makes it easy. I have never had a problem using my card and the accounts are mailed to me each month I use my card.

Great card

Reviewed and recommended by Great Card on 01 Oct 2013

My Virgin card is used on a daily basis and I have never had any problems with using it anywhere in Australia. I have not used it overseas when I have travelled so I cannot review though type of transactions. I pay my account off each month in full so that may also be a reason I don’t have any problems and find it so good.

Show 4 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Standard
Card type
Visa
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$25,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
None
Temporary residents
N/A

Cardholders

Additional cardholders
4
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$2,000
Maximum credit limit
N/A

Repayments

Interest charged from
Statement date
Interest free period
Up to 44 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers6.9% p.a.36 months0%80% of credit limit20.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Yes
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Virgin Money No Annual Fee Credit Card at the promotional balance transfer rate from:

  • Bank of Queensland
  • Virgin Money

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers6.9% p.a.36 months0%80% of credit limit 20.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.75% 20.99% p.a.
Purchases 1.58% 18.99% p.a.

Fees

Annual fee
$0 p.a.
Cash advance fee
whichever is greater, $2.70 or 2.7%
Dishonour fee
$15
Duplicate statement fee
$7
Foreign exchange fee
3.3%
Late payment fee
$10
Over limit fee
$40
Overseas ATM balance fee
N/A
Overseas ATM withdrawal fee
$5
Overseas emergency card replacement fee
N/A
Transaction verification fee
$7

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $25,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Age Pension, Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are acceptable.
Austudy, Carer's Allowance, Child Support Payments, Family Tax Benefits and Parenting Payments and Foster Care Allowance are acceptable.
Joint applications are not allowed
Youth Allowance is not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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