Virgin Credit Card | 0% on Balance Transfers for 16 months

Virgin Credit Card are always leading the way in their offers for balances transfers. If you are looking to transfer a balance then Virgin will charge no interest for a full 16 months. Virgin are always offering one of the most competitive rates on the credit card market. Just read the fine print as there may be some rather high interest rates that you are charged for other uses other than those on offer.

Benefits include:

• 0% Balance Transfer for 16 months
• 0% on purchases for 6 months
• 16.6% APR (variable) (1.2916% monthly)

As always there is a 2.98% handling fee (min £3) when you transfer a balance.

Other interest rate charges:

• Cheque transactions – 20.6% p.a (variable) 1.5766% (monthly)
• Money transfers – 20.6% p.a (variable) 1.5766% (monthly)
• Cash Transactions – 27.9% p.a (variable) 2.0751% (monthly)

Here something most people don’t know is that the allocation of payments (which balances are paid off first) is as follows:

The balances with the lowest rate will be paid off first as the credit card company will want to make the most off of you. If you have 2 balances that are on the same rate the payment will be allocated to the the balances which has its promotional rate ending first.