Virgin Money 12 Month Balance Transfer
Representative APR
29.9% APR (variable)
Purchases
0% for up to 3 months, then 29.90% (variable) p.a.
Balance Transfers
0% for 12 months, then 29.90% (variable) p.a. (3% fee for 2 month)
Account Fees
£0
Representative Example:
At an assumed credit limit of £1,200, with a purchase rate of 29.90% (variable) p.a., most accepted customers get a rate of 29.9% APR (variable).
Editor’s Note: While we always aim to give you accurate product information at the point of publication, rates, prices, terms and promotions can always be changed by the provider afterwards and without notice, so be sure to double check first.
Our Verdict
The Virgin Money 12 Month Balance Transfer credit card offers up to 12 months of 0% interest on balance transfers, with a low introductory transfer fee of 2%. It may be suitable for individuals looking to consolidate existing credit card debt cost-effectively over a short-term interest-free period.
Important: The information contained in this table summarises key product features and is not intended to replace any terms and conditions from the card issuer.
Product Features & Benefits
| Issuer | Virgin Money |
|---|---|
| Network | Mastercard |
| Primary Category | Balance Transfer |
| Loyalty Scheme | |
| Incentive on opening | Up to 12 months interest free on balance transfers and a 2% transfer fee for the first two months. |
| Cashback/Rewards (if applicable) | No cashback scheme |
| Account Fee | £0 |
| Purchases | 0% for up to 3 months, then 29.90% (variable) p.a. |
| Purchases Interest Free Period | 50 days |
| Balance Transfers | 0% for 12 months, then 29.90% (variable) p.a. (3% fee for 2 month) |
| Balance Transfer Fee | 5.00% |
| Cash Advances | 29.90% (variable) p.a. (fees apply) |
| Minimum Credit Limit | £ 0.00 |
| Maximum Credit Limit | Subject To Status |
Fees & Charges
| Account Fee | £0 |
|---|---|
| Late Payment | £ 12 |
| Returned Payment | £ 12 |
| Exceed Limit | £ 12 |
| Duplicate Statement | £ 0 |
| Replacement Card | £ 0 |
| Trace Fee | £ 0 |
| Cash Withdrawal Fee | 5% |
| Cash Withdrawal Minimum Charge | £ 0 |
| Foreign Usage EU | 2.95% |
| Foreign Usage World | 2.95% |
Application Requirements
| Availability | Available to new customers. |
|---|---|
| Minimum Income | £ 0 |
| Minimum Age | 18 |
| Residency | Permanent resident in the UK. |
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34.4% Representative APR (variable)
Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited who acts as a credit broker, not a lender.
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