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Virgin Money relaunches 41 month credit card

16/11/2016

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in learning more about this product should visit our credit card pages.

  • 41 months interest free for balance transfers, with a transfer fee of 3.19%
  • 41 months interest free for money transfers, with a transfer fee of 3.79%

Virgin Money has relaunched its 41 month credit card, which offers 41 months interest free for both balance and money transfers.

The new card offers:

  • 41 months 0% interest on balance transfers, with a one-off transfer fee of 3.19%
  • 41 months 0% interest on money transfers, with a one-off transfer fee of 3.79%
  • 3 months 0% interest on purchases.

Introductory rates apply to balance and money transfers made within the first 60 days of account opening.

Chris Taylor, Director of Credit Card Products at Virgin Money, said: “Our 41 month credit card has been very popular with customers previously, and we are delighted to reintroduce it with a new lower balance transfer fee.”

All Virgin Money credit card customers have access to Virgin Money Lounges together with a range of exclusive offers from the Virgin Group, including discounts on a range of Virgin products such as holidays and train tickets. Further information on Virgin Money credit cards can be found at www.virginmoney.com

Media Contacts:

Virgin Money Press Office:

0191 279 4676

press.office@virginmoney.com

NOTES TO EDITORS

Product details

CardBalance transfer periodBalance transfer feeMoney transfer periodMoney transfer feePurchase periodRepresentative  APR (variable)
41 Month Balance Transfer0% for 41 months3.19%0% for 41 months3.79%0% for 3 months20.9%
  • Promotional interest periods and fees will apply to any balance or money transfers within 60 days of account opening.
  • Promotional rates will no longer apply from the beginning of any statement period during which a customer has breached their terms, for example if they haven't paid on time or have gone over their credit limit.
  • Balances can be transferred from all credit cards other than existing Virgin Money cards.
  • Representative example based on a credit limit of £1,200.

Unlike most credit card providers in the UK, Virgin Money ensures that all successful applicants receive the promotional rate and duration they apply for. Virgin Money does not offer shorter balance transfer periods or higher interest rates to customers after reviewing their application.

Virgin Money provides a credit card calculator to help customers select the Virgin Money credit card that best meets their needs. Customers select the size of balance or amount of money they intend to transfer and their planned monthly repayment. The calculator then orders Virgin Money’s credit card range by overall cost, promotional period or length of time to repay the balance. Customers can try out different scenarios and see the impact of alternative payment plans, and the calculator also shows the monthly payment that will enable customers to clear their balance within the promotional period, avoiding any interest payments. The calculator is available at virginmoney.com/cards

.

Applicants for Virgin Money credit cards can also take advantage of the Card Checker tool, which offers a quick way to see whether they are likely to be accepted for a card before submitting a full application, so there is no effect on their credit file. The Card Checker is available at virginmoney.com/cards.

Supplementary notes

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions. Any consumer interested in learning more about this product should visit http://uk.virginmoney.com/virgin/cards/ for full terms and conditions.

About Virgin Money

  • Virgin Money offers savings, mortgages, credit cards, current accounts, currency services, pensions, investments and protection products to over 3.2 million customers across the UK.
  • Virgin Money’s business ambition is to make “everyone better off” – this philosophy underpins our approach to business by offering good value to customers, treating employees well, making a positive contribution to society and delivering a profit to shareholders.
  • More than 12,500 charities have registered with Virgin Money Giving and, by the end of September 2016, almost £500 million had been raised for charity through the service since its launch in 2009, resulting in an estimated £15.7 million more raised for charity because of its not-for-profit model.

Virgin Money plc - Registered in England and Wales (Company No. 6952311). Registered Office - Jubilee House, Gosforth, Newcastle upon Tyne NE3 4PL. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.