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November 30, 2015updated 04 Apr 2017 12:48pm

Virgin Money unveils 18 month balance transfer credit card with no transfer fee

Virgin Money has launched its first 18 month balance transfer credit card that offers balance transfers at 0% without a transfer fee

Virgin Money has launched its first 18 month balance transfer credit card that offers balance transfers at 0% without a transfer fee

The new card also offers 0% interest on money transfers for 18 months, with a 4% one-off transfer fee; as well as 0% interest on purchases for three months.

In addition, the company has re-launched its 40 month credit card that delivers 0% interest on both balance as well as money transfers.

The card facilitates 40 months balance and money transfers at 0% interest, charging a one-off transfer fee of 2.99% for balance transfers and a 4% one-off transfer fee for money transfers.

It also offers zero percent interest on purchases for three months. The offering is available for a limited period of 20 days that ends 16 December 2015.

Moreover, the company has made various improvements to its existing credit card range, which includes decreasing the balance transfer fee on its 26 month card from 1.25% to 0.99%, and allowing a low standard interest rate of 6.27% per annum on purchases with its low rate credit card.

All introductory rates will be eligible for balance as well as money transfers made within the first 60 days of account opening.

Virgin Money director of credit card products and operations John Natalizia said: "Balance transfer cards remain a popular choice for customers, so we’re delighted to re-release, for a limited period, our 40 month credit card, which was a firm favourite with our customers when we launched it earlier this year.

"Combined with the new 18 month card which is our first without a balance transfer fee, and the other improvements we have made to the range, this is great news for customers looking for an attractive credit card option ahead of the festive period."

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