Virgin Credit Card Offer Summary Box

This is a summary only. Please refer to the terms and conditions provided for full details.

Typical APR:

Typical rate 15.9% APR (variable) (1.2408% monthly)

Promotional rates:

Promotional offer 1
For balance transfers, cheque transactions and money transfers we will charge interest at the rate of 0% p.a. (a year) in the first 15 months from the account opening date. After that we will charge the standard interest rate which applies to transactions of this type.

Promotional offer 2
For card purchases we will charge interest at the rate of 0% p.a. (a year) in the first 3 months from the account opening date. After that we will charge the standard interest rate which applies to transactions of this type.

(Any promotional offer is subject to the account being operated within the terms and conditions.)

Other rates:

The standard interest rates are:

Card purchases:	15.9% p.a. (variable)	(1.2408% monthly)
Balance transfers:	15.9% p.a. (variable)	(1.2408% monthly)
Cheque transactions:	15.9% p.a. (variable)	(1.2408% monthly)
Money transfers:	15.9% p.a. (variable)	(1.2408% monthly)
Cash transactions:	24.9% p.a. (variable)	(1.8735% monthly)

Interest free period:

Up to 50 days on card purchases only, if you pay your statement balance in full and on time every month, otherwise interest will be charged as set out below.

Interest charging information:

Card purchases, balance transfers, cheque transactions, money transfers and cash transactions: we will charge interest on all transactions, fees, other charges and interest, starting on the transaction date and ending on the date you pay the bill in full. We work out interest each day so the earlier you make payment, the less interest you will have to pay.

Allocation of payments:

We will use your payments to reduce balances at lower rates of interest before balances at higher rates of interest. For full details of how we deal with promotional offers which have the same rates, please see paragraph 2f of your terms and conditions.

Monthly minimum payment:

If the balance shown on your statement is Ł25 or less, it will be the total amount of the statement balance; or if the balance shown on your statement is more than Ł25, it will be whichever is the least of 3% of the statement balance or the total of any Payment Protection Cover charges, interest, handling fees and default charges plus Ł5, provided that it will always be at least Ł25.

Credit limit:

We will choose your credit limit and tell you what it is. We may vary it at any time and write to let you know. The maximum credit limit that you can have under this agreement is Ł50,000.

Annual fee:

Ł0

Other charges:

Handling fees on transactions made at standard interest rates

Balance transfers:	2.98% (min. Ł3)
Cheque transactions:	2.98% (min. Ł3)
Money transfers:	2.98% (min. Ł3)
Cash transactions:	3.00% (min. Ł3)

Handling fees on transactions made under promotional offer 1

Balance transfers:	2.98% (min. Ł3)
Cheque transactions:	2.98% (min. Ł3)
Money transfers:	2.98% (min. Ł3)

Handling fees on transactions made under promotional offer 2

Card purchases:

no fees apply

Commission on foreign currency transactions: 2.99%

Default charges:

Ł12 for going overlimit, making late payments and for returned payments.

The Virgin Credit Card is promoted by Virgin Money Limited and issued by MBNA Europe Bank Limited, Registered Office: Stansfield House, Chester Business Park, Chester CH4 9QQ. Registered in England number 2783251. Credit is available, subject to status, only to UK residents aged 18 or over. As the Virgin Credit Card is issued by MBNA you can’t transfer a balance from another credit card issued by them. For details of how your repayments are used to pay off your balance, please refer to paragraph 2f of your terms and conditions. We will monitor or record some phone calls. MBNA is authorised and regulated by the Financial Services Authority.