If you're looking for a way to slash interest on your credit cards, you should check out the Virgin Money Mastercard. This card lets you transfer your outstanding credit card balances to the Virgin Money card.
And you don't have to pay interest on the balance you transfer over for more than two years. It is however, important to note that if you're drowning in credit card debt, you need some money management help. Just transferring your balances is not the solution.
You need a sound financial plan before you decide to apply for this card and transfer balances. If you've got a plan, that means you won't find yourself in the same old pattern of filling up your cards again. Up next we're going to tell you a little more about this card.
Features and Benefits
The key point of the Virgin Money 29-Month Balance Transfer MasterCard is to give you a chance to transfer your balance from another card to Virgin Money’s card. This is guaranteed to save you money compared to the current credit account you are using.
This card offers lower rates, which means that you will be paying less interest than what you are currently paying. You can also easily manage your account online. With this, you can easily view your outstanding balance and receive paperless statements.
Another advantage you can enjoy when you get this card is worldwide use because it is powered by Mastercard. You can also access customer lounges provided by Virgin Money. Moreover, you can make contactless payments for purchases of up to £45.
Application Process & Requirements
Getting this card is fairly straightforward, quick and easy. You just need to provide the bank with the required information to get personalized results. To be eligible, you should be at least 18 years old and a resident of the UK with a UK bank or building society account.
Some of the info you need to present includes your age, residence status, and financial and credit history. To prove these, you must have proof of identification, residence, and income. Identification cards, utility bills, bank statements, and payslips are acceptable documents.
You can also get a certificate of employment, credit report and even your tax return documentation. This is a great way to show your capability to pay, as well as your credit and financial background. Head to the Virgin Money website now to check eligibility.
Rates & Charges
- Annual Fee - none
- Interest Rate – variable but with a representative APR od 21.9%
- Cash Advance – not applicable
A card that lets you manage your other credit card balances provides a great opportunity to improve your finances. With the savings you can get from the Virgin Money 29-Month Balance Transfer MasterCard, you will be on your way to sound financial health. Â
How To Contact Virgin
For your application, you can call the bank at 0800 389 2875 from 8 am to 5 pm from Monday to Friday and 9 am to 1 pm on Saturdays. You can also get in touch on social media via Twitter and Facebook. Or at the Virgin Money website.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.
