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 rate | Cost | |
---|---|---|
Your current credit card | 23.9% APR | £144.00 (23.9%) |
12 month Balance Transfer card | 0% 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 rate | Cost | |
---|---|---|
Your current credit card | 23.9% APR | £144.00 (23.9%) |
12 month Balance Transfer card | 0% 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.
- Head to the Virgin Money credit card app
- Go to the payments section
- Tap ‘Make a balance transfer’ and/or ‘Make a money transfer’ and follow the steps
The money will be in your account in 3 days if no extra checks are needed
Check your eligibility
Want a Virgin Money credit card? Use our card checker
- it only takes a few minutes
- you'll see your guaranteed credit limit on pre-approved cards
- it won't affect your credit score
To manage your card, you'll need the Virgin Money Credit Card app.
Check your eligibility