The Virgin Money Low Rate card is an irresistible option for those tired of paying high interest rates on purchases.
With an interest rate of just 12.99% p.a. – one of the most competitive among low-rate cards – it offers a perfect combination of savings.
Despite being a credit card focused on being cheaper, it gives you access to a points system and Platinum benefits that we normally only find in more expensive cards. Plus, the $99 annual fee is pretty attractive, so it’s a powerful combination of savings + benefits.
And there are more pleasant surprises: everyday purchases earn points, but you can boost your earnings by shopping with partners.
With so many rewards, the Virgin Money Low Rate promises to be more than just a low-interest card: it’s a true financial ally!
Benefits of the Virgin Money Low Rate card
- Your points are really valuable: Exchange your points for gift cards, cashback or products.
Want to treat yourself to something special? Just choose the perfect redemption for you! - Personal concierge: The 24/7 concierge service is a lifesaver for those who need assistance with restaurant reservations, event ticket purchases, and even gift suggestions. A true luxury available to you, whenever you need it.
- Balance transfer with 0% interest for 15 months: Pay off your debt from another card by transferring the balance to the Virgin Money Low Rate and enjoy 15 months interest-free.
It’s a great option for those who want to reorganize their finances and get rid of more expensive debts. - Efficient payment sensor: Pay for your purchases quickly and securely with Visa PayWave technology.
- Fraud protection: With Fraudshield® technology, Virgin Money monitors all transactions and notifies you if anything unusual is detected.
And the best part: you won’t be liable for fraudulent transactions. - Exclusive offers: Enjoy preferred seating at events and shows and other perks offered by the Visa brand.
- Up to 55 interest-free days: as long as you pay the total balance each month and don’t have a balance transfer contracted.
Points turn into amazing rewards! Here’s how it works
With the Virgin Money Low Rate card, you earn points on all your purchases. But the best part is that you can earn even more with spending at partner establishments and hotel bookings through the app.
In practice, 4,000 points is equal to $20 in gift cards or $18 in cashback to top up your savings account, for example.
Want to start planning what to do with the balance? Then see what it can be worth:
- Cashback: Part of your expenses can go back to your account.
- Pay with points: This is like getting a discount after buying because you can pay for some purchases with points.
- Gift cards: Think it’s a good idea to get vouchers from your favorite stores? You can choose this option too!
- Transfer to travel programs: Transfer your points to partner travel programs.
- Redeem for hotels: Book your stay through the Virgin Money app and use your points to pay for your stay.
Main Fees
- Annual fee: $99
- Interest rate: 12.99% p.a. on purchases
- Cash advance: 21.69% p.a.
- Balance transfer interest rate: 0% p.a. for 15 months
What you need to know when using the Virgin Money Low Rate card
Points accelerators are more advantageous for those who spend on partner stores and services.
Although very useful for consolidating debts, the balance transfer offer has some important details.
First, after the 15-month offer period, the rate reverts to cash advance, so try to pay everything off before the deadline to avoid making the debt more expensive. In addition, you will not be entitled to interest-free days on retail purchases while you have a balance transfer offer.
Finally, like any financial product, always use credit responsibly!
After all, are you the ideal profile to apply for the Virgin Money Low Rate card?
Are you attracted to Platinum-level benefits but don’t like the idea of paying expensive fees?
Then you’ve started well! The Virgin Money Low Rate is ideal for people looking for a low-interest rate card, a rewards program that isn’t limited to a few choices, and is still well protected.
We have more good news for you who just found out you want to apply: it’s available online in a simple process!