A money transfer is a really flexible feature of a Virgin Money Credit Card that allows you to move money into your current account.
Once the money is in your bank account, you can use it for anything you like – from paying off existing debt, to home improvements, or simply to enjoy a holiday.
Remember, when transferring funds from your card to repay other debt, this may give you an initial saving each month but it may take you longer and cost you more to repay back the full amount in the long run. You should also check with the lender you are paying off if there is a fee for settling a loan early. A money transfer should not be used to pay off other borrowed funds from Virgin Money e.g. loan, overdraft or mortgage.
Not all credit card providers offer money transfers, and we are proud to be one of the few who do.
It is straightforward to apply online with our safe and secure online application. As part of your application you can ask to transfer money to your current account. If your application is approved, the money will be available three to four business days after.
Once your account is up and running, you can make a money transfer. If your request is received:
The promotional period, for money transfers on Virgin Money Credit Cards is available to new customers as soon as they open the account – something not all credit card providers offer.