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What is a 0% balance transfer?

A balance transfer allows you to move part or all of the balance from other credit or store cards to your Virgin Money or Virgin Atlantic Credit Card.

With a 0% balance transfer you’ll then pay it off with no interest for a set period of time. Then you will move to your standard interest rate. A transfer fee will apply.

A 0% balance transfer can help you

  • Save on interest

    If you’re paying interest on a credit or store card, moving to a 0% balance transfer means you’ll pay no interest. This saves you money and could help you become debt free faster.

  • Get things organised

    Balance transfers can help you organise your debt in one place, making it easier to manage and keep track of.

  • Consolidate your payments

    Instead of making several monthly payments to different cards, when you transfer these balances to one card, you’ll only have one monthly payment to make.

Top tips

Transfer high interest cards first
This should save you money on interest. You can transfer as many cards as you need, but the total you transfer cannot be more than 95% of your credit limit.
Pay off your debt faster
It's best to try and pay as much as you can afford each month. Paying only the minimum payments may take longer and cost more to repay. Setting up a Direct Debit is the best way to stay on track.
If you need some cash
Some of our cards come with a money transfer option for moving money into your current account. To see if you'd be offered a promotional rate and fee, check your eligibility.

What is a money transfer?

A money transfer lets you move money from your Virgin Money Credit Card to your bank account.

With a 0% money transfer you'll then pay it off with no interest for a set period of time. Then you'll move to your standard interest rate. A transfer fee will apply.

  • As an example, if your credit card limit is £5,000
  • You can transfer up to 95% of that credit limit to your current account
  • That’s a boost of £4,750 into your current account

A money transfer can help you

  • Pay for bigger purchases

    A money transfer can pay for one-off bigger buys like a car, holiday or some home improvements.

  • Get money quickly

    Pay for unexpected expenses such as vet bills, car repairs or replacing home appliances with a money transfer.

To see if you'd be offered a promotional rate and fee, check your eligibility.

Key information

If you decide that a balance or money transfer is right for you, there's a few things to be aware of:

Fees apply
We charge a one-off transfer fee for making a balance or money transfer. The fee is a percentage of the total amount transferred.
Promotional rate
New customers may be offered an introductory promotional rate and fee. This rate starts from account opening and applies to transfers made in the first 60 days. Existing customers may be offered promotional rates, see your offer for details.
When a promotional offer ends
We charge the standard interest rate when a promotional offer for a balance or money transfer ends, or is withdrawn. If you miss a minimum monthly payment, the promotional offer will be withdrawn. After this, we’ll charge the standard interest rate.
Can you transfer?
You can do a balance transfer from a UK credit card or store card that has a Visa or Mastercard logo. You cannot do a balance transfer from another Nationwide or Virgin Money Credit Card.

You can do a money transfer to a UK bank or building society account. You should not use your card to repay borrowing from Nationwide or Virgin Money.

Check your eligibility

Check your eligibility

Get ready to transfer

You can request a blance and money transfer when you apply for a credit card. Transfers usually take 2 to 3 working days if no extra checks are needed.

To manage your card, you'll need the Virgin Money Credit Card app.