Credit Card summary box: Option 1

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

APR
  • Typical rate 16.6% APR (variable)
  • Rates from 16.6% APR (variable) to 23.9% APR (variable), the rate you get will depend on your circumstances and the results of credit searches.
Interest rates
Introductory rateMonthly rateAnnual rate
Purchases0% for 3 months1.2916 - 1.8053%16.6 - 23.9% p.a.
Cash advancesn/a2.0751%27.9% p.a.
Balance transfers0% for 14 months1.4566 - 1.9412%18.9 - 25.9% p.a.
Money transfers0% for 14 months1.5976 - 2.0751%20.9 - 27.9% p.a.

The actual rates you get will depend on your circumstances and the results of credit searches.

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 promotional 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 paymentsIf you do not pay your balance in full we will use your payments:
  • to reduce higher rate balances before lower rate balances.
If any transaction types have the same interest rate then we will repay:
  • the introductory rate before the standard rate.
If two or more introductory rates have the same interest rate then we will repay:
  • the one with the earliest start date; if the start dates are the same then we will repay the one with the highest standard rate.
Remaining balances will be paid off in this order:
  • purchases, balance transfers, cash advances, money transfers.
For further details please refer to your terms and conditions.
Minimum repayment
  • Your balance (if this is less than £25); or
  • whichever is the greater of: £25; or 1% of your statement balance before any default charges and interest (to which we'll then add the default charges and interest).
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 date2.98% handling fee, min £3
Money transfers made within 60 days from the account opening date4.00% handling fee, min £3

Standard rate
Cash advances3.00% handling fee, min £3
Balance transfers2.98% handling fee, min £3
Money transfers4.00% 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.

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. 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).