Virgin Charity Credit Card summary box

The information contained in this table summarises key product features and is not intended to replace any terms and conditions

APR
  • Representative 12.9% APR (variable)
Interest rates
Introductory rateMonthly rateAnnual rate
Purchasesn/a1.0199%12.9% p.a.
Cash advancesn/a2.0751%27.9% p.a.
Balance transfers8.9% until transferred amount paid off in full1.4352%18.6% p.a.
Money transfers8.9% until transferred amount paid off in full1.5766%20.6% p.a.

The introductory rate for balance transfers and money transfers only applies to transactions made within 60 days of the account opening date.

Interest free period
  • Maximum 50 days on purchases only, if you pay your statement balance in full and on time every month.
  • No interest free period for balance transfers, money transfers or cash advances.
  • This is subject to any interest free introductory offer.
Interest charging informationYou will not pay interest on new purchases if:
  • your previous statement was paid in full and on time; and
  • you pay your current statement in full and on time.
Otherwise the period over which interest is charged is as follows.
FromUntil
All transactionsdate debited to your accountpaid in full
Allocation of paymentsWe allocate your payment to amounts that are charged at higher interest rates before those that are charged at lower interest rates.
  • If we charge interest at the same rate on different parts of your balance, we will allocate your payment to the introductory rate first.
  • If two or more introductory rates are the same we will pay off the introductory rate with the earliest start date first.
  • If the introductory rates have the same start date then we will pay off that part which will be charged at the highest standard rate at the end of the introductory period.
  • We will then apply your payment to balance transfers, cash advances, money transfers and purchases, in that order.
Minimum repayment
  • The balance on your statement if it is £25 or less; or
  • the greater of £25 or 1% of the balance on your statement before any default charges, card fees and interest (to which we’ll then add an amount equal to the default charges, card fees and interest);
plus the amount of any arrears, which are repayable immediately.
Credit limit
Minimum credit limitNone
Maximum credit limitSubject to status
Fees
  • No annual fee
ChargesIntroductory rate
Balance transfers made within 60 days from the account opening date2% handling fee, min £3
Money transfers made within 60 days from the account opening date4% handling fee, min £3

Standard rate
Cash advances3% handling fee, min £3
Balance transfers2.98% handling fee, min £3
Money transfers4% handling fee, min £3
Foreign currency2.99% commission fee
Default charges
If your payment is late, if you exceed your credit limit, if your payment fails.£12

As we are no longer issuing credit card cheques, we regret that the cheque transaction facility is not available on this account.

Virgin Money Limited currently promotes credit cards exclusively with MBNA Europe Bank Limited. The Virgin Charity 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 Charity Credit Card is issued by MBNA you can't transfer a balance from another credit card issued by them. We will monitor or record some phone calls. MBNA's consumer credit activities are licensed by the Office of Fair Trading (OFT) and MBNA's general insurance activities are authorised and regulated by the Financial Services Authority (FSA).