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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 at 0% interest for a set period of time. A transfer fee will apply.


Save on interest

Here’s an example of how much it could save in interest if you transferred a £2,000 balance and paid this off over a 12 month interest-free period.

Interest rateCost
Your current credit card23.9% APR£144.00 (23.9%)
12 month Balance Transfer card0% for 12 months£40.00 (2.0% fee)
Total saving in interest £104.00

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 zero interest. This saves you money and could help you become debt free faster.

  • Get things organised

    A balance transfer to your Virgin Money or Virgin Atlantic credit card 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. As long as you do not transfer more than 95% of your credit limit, you can transfer as many cards as you need.
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
Our balance transfer credit cards come with a money transfer option. You'll get 12 months at 0% interest on money transfers. Fees apply.

What is a 0% money transfer?

Money transfers are pretty handy, so we’re really pleased to be one of the few credit card providers who offer them. You can transfer up to 95% of your credit card limit into your bank account.

With a 0% money transfer, you’ll then pay off what you owe with no interest for a set period of time. As with a balance transfer, a fee will apply.


Save on interest

Here’s an example of how much it could save in interest if you transferred a £2,000 balance and paid this off over a 12 month interest-free period.

Interest rateCost
Your current credit card23.9% APR£144.00 (23.9%)
12 month Balance Transfer card0% for 12 months£80.00 (4.0% fee)
Total saving in interest £64.00

A 0% 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.

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.
Keep your 0% rate
The 0% interest rate only applies to balance or money transfers made within the first 60 days. You'll lose your 0% rate if you miss a minimum monthly payment or exceed your credit limit. You'll then pay the standard rate of interest from the start of that statement period.
When your offer ends
At the end of your 0% promotional period, your balance and money transfers will be charged at the current standard rate of interest.
Already bank with us?
You cannot transfer a balance from another Virgin Money credit card. You should not use a money transfer to repay other borrowing from Virgin Money.

Ready to transfer?

Once you have your Virgin Money credit card it's easy to make a balance or money transfer in the app.


The money will be in your account in 3 days if no extra checks are needed

Download on the Apple App Store

iOS 14.7 and above

Get it on Google Play

Android 9 and above

Check your eligibility

Want a Virgin Money credit card? Use our card checker

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

Check your eligibility