The Virgin No Annual Fee credit card offers a variety of features without the cost of an annual fee. This includes an introductory offer of 0% p.a. on purchases for 6 months. Any remaining purchase balance will also attract a 19.99% p.a. once the introductory period ends.
Virgin No Annual Fee Credit Card
Terms and conditions apply
- Purchase rate for the first 6 months (reverts to 19.99%)
- 0% p.a.
- Annual fee
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Save on card costs with 0% on purchases for the first 6 months with a new Virgin Money No Annual Fee Card.
The Virgin No Annual Fee credit card is a low frills product that can be used to cut back on card costs. If you’re using the card to make purchases, this card currently offers 6-month interest-free on purchases. But the rate that applies to any remaining purchase balance at the end of the introductory period is higher than some other cards at 19.99% p.a., so it's wise to repay your balance in full each statement period to avoid the high interest rate and to take advantage of the interest-free days.
Pros
-
$0 annual fee for the life of the card
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0% p.a. interest rate for 6 months on purchases
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Fraudshield security and Visa Zero Liability to help protect your account
Cons
-
The revert purchase interest rate is relatively high
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Although the card is issued by Virgin Money, you will not earn Velocity Points for your spending
Details
Product details
| Product Name | Virgin Money No Annual Fee Credit Card |
| Balance transfer limit | 80% of available limit |
| Purchase rate p.a. | Purchase rate p.a. 0% for 6 months, then 19.99% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 20.99% |
| Min credit limit | $2,000 |
| Card type | Visa |
Eligibility
| Available to temporary residents | No |
| Minimum income | $25,000 |
| Joint application | No |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | Annual fee $0 |
| Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
| Late payment fee | $30 |
| Foreign currency conversion fee | Foreign currency conversion fee 3.3% |
| Cash advance fee | 2.7% or $2.70, whichever is greater |
| Overseas cash advance fee | 5% |
| Additional cardholder fee | $0 |
| Number of additional cardholders | 4 |
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Sally Finder
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Kakda
March 07, 2024
Hello,
May you please advise if took a Kogan credit card for balance transfer promotion in the past 12 months, would I be inelegible for the Virgin credit card?
I tried to find out if Virgin credit card is also associated with NAB?
Thanks so much in advance.
Kakda
Sarah Megginson Finder
June 26, 2024
Hi Kakda,
Kogan credit cards are issued by NAB. Virgin Money Australia is a division of Bank of Queensland, so it’s not affiliated with NAB. So, there should be no issues in regards to the bank transfer.
Your chances for approval will depend on whether you meet the criteria for the application with Virgin.
Hope this helps!
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Karen
June 15, 2023
Hi
I’m wondering if I would be eligible to get this offer as I am the holder of another Virgin c/c which has a balance of less than $1,000 and will be completely paid off by the second week in July. I would like to transfer a balance from a credit card at another bank which is at approx $4,600 and I would like to apply for a balance of approx $7,000 and once the balance is paid at the other card I will then cancel that one and keep this one only. I earn approx [REDACTED] per annum and have a good credit history and own my own car which is only 1 year old.
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Amy Bradney-George Finder
June 16, 2023
Hi Karen,
As you’re an existing customer, you may want to discuss this with Virgin Money directly by calling 13 37 39. Alternatively, you can compare other balance transfer credit card offers on Finder. I hope that helps.
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Freya
December 17, 2018
I earn $25,480 on disability support pension, would Virgin accept this as my income it is over the minimum $25,000 that they require? My credit score is good too. What are my chances?
Jhezelyn Finder
December 19, 2018
Hello Freya,
Thank you for your comment.
For as long as you meet the eligibility criteria set by the issuer, you’ll have a bigger chance to be approved. You may refer to our credit card application tips to know how to get approved when you apply.
Please make sure though to read the eligibility criteria, features, and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.
Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.
Regards,
Jhezelyn
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Chris
November 30, 2018
Definitely not an instant approval card. I submitted all of my documents. So you have any idea how long will it take for them to get back to me with a decision? Wish I would’ve known this, as I would have opted for a different card.
Jhezelyn Finder
December 05, 2018
Hello Chris,
Thank you for your comment.
If you haven’t heard from Virgin, you can contact them directly to check your credit card application status. They may be able to confirm the status of your application or they may ask you to provide further information. Please refer to our guide on how to check your credit card application status.
Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.
Regards,
Jhezelyn
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Ave
August 20, 2024
“Income. You must earn at least $25,000 p.a. to apply for this card.”
This is grossly misleading, you must earn that either from employment or a pension.
If you are unemployed and you earn over $60K a year from savings, you will be automatically rejected no questions asked, even if you have a perfect credit score and zero debt.
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