New credit card from Virgin Money

Virgin  Money has launched a new credit card with an introductory 0% balance transfer and no transfer balance fee.

Update: February 2011

Currently the Virgin Credit Card offers

0% on balance transfer for 16 months from the date your account is opened. The rate applies to transfers made in the first 60 days. Handling fee of 2.89% applies.

0% on card purchases for 3 months from the date your account is opened. If you have two or more promotional offers at the same rate, we will use your payments to reduce any promotional balance with the lowest standard rate last, even if this offer ends first. This could mean that any such balance may not have been reduced by the time the standard rate applies to it.

Representative 16.8% APR variable.

See the Virgin Money website for more information and to apply.

The new credit card from Virgin is only available from moneysupermarket.com and offers 0% on balance transfers for 9 months.

There’s also 0% on purchases for 3 months.

Once the introductory period ends the interest rates to 16.6% typical APR.

Peter Harrison of moneysupermarket.com commented ‘For borrowers that can clear their balance within the nine month introductory period this card is excellent value for money.’

The new credit card from Virgin Money is only available for a limited period.