Is the Virgin credit card a good creit card for students looking to improve their cash flow. Below we look at the APR, the perks the card offer and our view on whether this represents a good deal for students
| Best Credit Card Deals | Balance Transfers | Purchases | Representative APR (Variable) | Apply | |
|---|---|---|---|---|---|
 |
Virgin Credit Card with 20 months 0% balance transfer (2.99% balance transfer fee applies). Includes discounts on other Virgin products |
0% for 20 months |
0% for 3 months |
16.8% | Go to site |
| Representative example: assumed borrowing of £1,200, representative 16.8% APR (variable). Purchase rate 16.8% PA (variable). Address: Virgin Money, Discovery House, Whiting Road, Norwich, NR4 6EJ | |||||
Virgin was thinking about students when they came up with this offer for their new credit card. There's 20 months interest free on balance transfers, which is the cheapest balance transfer deal available on the market. There is also 3 months 0 interest on purchases (fantastic if you want to use your card for day to day expenditure) and then there are extra benefits in the members shop. There's also a really competitive APR of 16.8% variable.
Cheap balance transfers, long balance transfer interest free period, an interest free period for purchases and a cheap interest rate! This is a really clever offer from Virgin, by offering a longer interest free period on balance transfers than on purchases you could easily fall in the trap of spending money on your card and then getting stung after the initial 6 month period! BUT, if you aware of this then you can profit and turn this card into one of the best ways to save money around!
Meeting the criteria for a credit card is always something you have to think of before you apply - this is no different with the Virgin credit card. Eligibility requires you to be over 18, to be a resident in the UK and to have a bank or building society account. Meet these three criteria and you can apply for you Virgin credit card!
Remember, a 2.99% transaction fee applies to balance transfers - this is in line with a lot of other companies, who mostly charge 3%
With a wide range of packages, cards are aimed at different and diverse markets, and most are intended to cater for as many people who require credit cards as possible, but virgin have come up with this simple yet really attractive offer. It's directed at anyone who wants a credit card and boasts some of the best features around.
