What is a money transfer?
A money transfer lets you move up to 95% of your credit limit into your current account. They're pretty handy, so we're really pleased to be one of the few credit card providers who offer them.
Once the money hits your account, you can use it however you like:
- 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.
- Pay off debt
- If you’re offered a 0% interest money transfer you could pay less interest and save some money.
Always make sure you can afford the monthly payments. We'll stop any promotional rate offered and charge the standard interest rate if you miss a payment.
Representative example
Purchase rateThe purchase rate is the interest rate we will charge on any purchases you make with your Virgin Money Credit Card. When you open your account you may be offered a purchase rate. After that, we'll increase it to the rate shown here.
24.9% p.a.
(variable) on card purchases
Equivalent toAPR stands for Annual Percentage Rate. It is made up of the standard interest rate on purchases, outside olf any promotional rate, along with any other charges you may have to pay. You can use this rate to compare different credit cards.
24.9% APR
representative (variable)
Based on borrowing
£1,200
UK lenders use £1,200 to make comparing cards easier. It doesn't reflect the credit limit we'd offer you.
Up to 12 months interest free
Offer available from account opening and is subject to eligibility. Money transfers have a fee. Standard interest rates apply when the offer ends.
Our 0% promotional rate is available to eligible customers on the following credit cards:
- All Round Credit Card
- Balance Transfer Credit Cards
- Travel Credit Card
- Virgin Atlantic Credit Cards
Questions about money transfers
- Have you been offered a promotional interest rate and fee? It's important to know how long it will last and what the standard interest rate will be when it ends.
- Will you save money in the long run (even if you start off by making a saving every month)?
- Does your existing lender charge an early repayment fee?
- You’ll need to make your minimum payment when it’s due. If you don’t, we'll stop any promotional rate you've been offered (from the start of that statement period). So it’s worth setting up a Direct Debit to meet your monthly repayment.
- When a promotional rate ends, or we stop it, we'll charge the current standard interest rate.
- If you're offered a promotional rate and fee, this would only apply on transfers made in the first 60 days from account opening. After this, we'll charge you the current standard interest rate.
- You shouldn’t use your money transfer to repay other borrowing from us (like a loan, overdraft or mortgage).
- It is a good idea to set up a Direct Debit to meet your monthly repayment to help you pay off your balance. This can also help you avoid missing a payment, which will result in the withdrawal of any promotional rate you've been offered.
It's easy to apply, and we’ll let you know if your transfer request has been approved as soon as possible.
If you apply as part of your credit card application and we approve, we’ll get the money to your existing credit card provider three to four business days after you ask for the transfer.
You can also apply to make a transfer once your account is up and running. If you ask for the transfer:
- Before 4pm, Sunday to Thursday, we’ll get the money to your existing credit card provider the next business day.
- After 4pm, Sunday to Wednesday, we’ll get the money to your existing credit card provider in two business days.
- Between 4pm Thursday and 12am Sunday, we’ll get the money to your existing credit card provider the following Monday (excluding Bank Holidays).
New customer? You might be offered a 0% interest promotional rate. If you do, you'll get this rate as soon as you open an account - something not all credit card providers offer.
You can transfer money to a UK bank or building society account in your name.
- Just tap the ‘Payments’ icon and follow the instructions.
- Read through the ‘Important Information’ section carefully before you complete the transfer.
- You'll need your password. This will be at least 8 characters chosen from 3 or more of these categories: numbers, upper case letters, lower case letters and special characters (such as *!@?).
Please check your transactions to make sure your money transfer request has been completed as expected. If you have frozen your card your money transfer won't be approved.
You're pre-approved
Close ModalThis means you'll get this card if you apply before midnight on {{campaignenddate}}
- When you apply, we'll do a credit check, that's the norm for all lending applications
- Your application would only be declined if you're out of employment, not a UK resident or for fraud reasons
You're pre-approved
Close ModalWhat does this mean?
You'll get this card when you apply for it, as long as you:
- Begin your application within 20 minutes. If you do not begin your application within this time, you’ll need to check your eligibility again
- Complete your application on the same day
- Don't change any of the details you previously shared on Card Checker
- Pass our standard identity checks and any additional checks we need to make
Guaranteed credit limit
Close ModalWe can offer you at least this credit limit based on the info you've shared.
You'll get this credit limit as long as you:
- start your application within the next 20 minutes
- complete your application today
- don't change any of the details you previously shared
- pass our standard identity checks
Need more?
You can tell us in your application if you need more for a balance transfer. We'll consider this when we look at your credit limit again. This means your new credit limit may be higher.
Want less?
Once you've got your credit card, there's an online form you can use to reduce your credit limit.
Close ModalOk, got itHighly likely
Close ModalWhat does this mean?
Your chances of getting this card are really good, as long as you:
- Begin your application within 20 minutes. If you do not begin your application within this time, you’ll need to check your eligibility again
- Complete your application on the same day
- Don't change any of the details you previously shared on Card checker
- Pass our standard identity checks