Virgin Money
Virgin Money

Virgin Money Low Rate Card

Purchase Rate
11.99% p.a.
Cash Advance Rate
21.69% p.a.
Interest Free
Up to 55 days
Annual Fee
Balance Transfer Rate
0% p.a. for first 15 months
  • LOW ONGOING RATE – lower your interest, not your standards with a low 11.99% p.a. ongoing variable purchase rate
  • SAVE ON BALANCE TRANSFERS – 0% p.a. for 15 months on balances you transfer, 1% BT fee applies (reverts to cash advance rate).
  • Annual fee of $99 (waived after your first year if you spend $9,600 or more on Eligible Transactions annually)
  • Offer valid until 25 April 2022

Key Features
Rewards Program
Joining Fee
Annual Fee
Insurance Cover
for Purchases
Overseas ATM
Automatic Travel

Fee & Repayments

Annual Fee $99.00
Annual Fee First Year $99.00
Rewards Joining Fee -
Supplementary Card Fee $29.00
Minimum Repayment Greater of 2% or $30.00
Interest Charged From PurchaseDate
Late Payment Fee $10.00

Other Charges

Duplicate Statement Fee -
Overseas ATM Balance Fee $0.00
Transaction Verification Fee -
Overseas ATM Withdrawal Fee $5.00
Over Limit Fee $40.00
Overseas Emergency Card Replacement Fee -
Terms & Conditions
Things you need to know Virgin Money Low Rate Card fee waiver offer: The annual card fee is $0 for the first year, then $99 will be charged on the anniversary of your card account being opened with Virgin Money. The annual fee will be waived from your second anniversary if you spend $10,000 or more during the previous 12 months on Eligible Transactions. Subsequent annual fees will be waived if you continue to spend $10,000 or more on Eligible Transactions in the prior year. Important things to note: The fee waiver only applies to the primary card holder. Supplementary card fees will not be waived. Eligible Transaction means any purchase excluding (but not limited to) Cash Advances, Balance Transfers, Special Promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, bank fees and charges such as interest and ATM charges and Government Related Transactions. Government Related Transactions include transactions with government or semi-government entities, or relating to services provided by or in connection with government (for example, but not limited to, transactions made at Australia Post, payments to the Australian Taxation Office, council rates, motor registries, tolls, parking stations and meters, fares on public transport, fines and court related costs). Unless advertised otherwise, the interest free period applies when you pay your full closing balance from your last statement of account by the payment due date (excluding any Fixed Payment Option balance which isn’t due for payment by that payment due date). No interest free period is available on Cash Advances or Balance Transfers. Whilst you have a Balance Transfer you will be charged interest on your daily unpaid balance. Withdrawal limits, fees and charges may apply. Visa's Zero Liability policy covers Australian and New Zealand-issued cards and does not apply to ATM transactions, transactions not processed by Visa or certain commercial card transactions. Cardholders should notify their issuer promptly of any unauthorised Visa use. For more details and terms and conditions see Your total balance transfers may not exceed 80% of your credit limit. A one-off balance transfer fee of 1% of the balance transfer amount applies. The balance transfer interest rate applies to balances transferred with this offer for the period shown, from the date the balance transfer is processed. At the end of the balance transfer period, the interest rate on any outstanding transferred balance will revert to the interest rate for cash advances, currently 21.69% p.a. for the Virgin Money Low Rate Card. Interest rates are variable and subject to change. The interest rates are current as at 31 March 2022. This offer is valid until 25 April 2022. Please note that unless advertised otherwise, you are not entitled to any interest free days whilst you have a balance transfer. This means that all spend will be charged interest at the applicable ongoing purchase rate. If we approve your credit card application, the Balance Transfer offer will be available for up to 90 days from the date your application is approved. Velocity Points are not issued on balance transfers. View more information about balance transfers.

* For cards with reward programs that allow you to earn points, unless otherwise noted, the best case scenario of everyday spending is used when calculating the spend required to earn a reward. Everyday spending does not include bonus points that may be earned by shopping with loyalty partners. For rewards programs that have monthly caps, we assume you stay under that cap and for products with two cards, we assume spending is with the highest earning card. For programs that allow you to convert points for air travel at a price that changes from day to day, we have assumed that the flight is $300 (taxes and charges inclusive).

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