How much can I save?
The table below shows you how much you could save over 16 months if you transferred a balance of £1,000 to a Virgin Credit Card.
| Card | Interest Rate | Interest paid over 16 months |
|---|---|---|
| Virgin Credit Card | 0% | £0 |
| Lloyds TSB Advance MasterCard | 11.9% APR | £151 |
| Barclaycard Breathe MasterCard | 14.9% APR | £187 |
| Halifax All In One MasterCard | 15.9% APR | £198 |
| HSBC Bank Credit Card MasterCard | 16.9% APR | £210 |
| Debenhams | 19.9% APR | £244 |
| You could save up to £214 compared to the other cards shown after paying our balance transfer fee of £29.80 (2.98%) | ||
This table shows interest savings you could make over 16 months if you transfer a balance to a Virgin Credit Card account at a promotional rate of 0.0% p.a. with a fee of 2.98%.
So that you can make a fair comparison we've had to make the following assumptions: the average balance of all examples remains the same over 16 months; you only hold one of the cards referred to and you aren't benefiting from any other promotional offer; you make the minimum payment each month but not by direct debit and you aren't a student. All figures are for illustration purposes only as our competitors may have different ways of calculating and applying interest. You can't transfer balances from another MBNA account. If your balance transfer is used to settle other cards or loans your monthly payment may be lower, however your loan providers may charge you for early settlement of any loan. All information about our competitors was correct as at 14/07/2009. (Source Moneyfacts.co.uk - the money search engine.)
