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Virgin Money

Virgin Money No Annual Fee Card

Purchase Rate
18.99% p.a.
Cash Advance Rate
20.99% p.a.
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Interest Free
Up to 55 days
Annual Fee
$0.00
Balance Transfer Rate
0% p.a. for first 12 months
  • NO ANNUAL FEE – Zip. Zilch. Zero. Nada.
  • SAVE ON BALANCE TRANSFERS – 0% p.a. for 12 months on balances you transfer (reverts to cash advance rate)
  • Offer extended to 30 April 2020
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Key Features
Rewards Program
Rewards
Joining Fee
-
Annual Fee
$0.00
Insurance Cover
for Purchases
Overseas ATM
Availability
Automatic Travel
Insurance

Fee & Repayments

Annual Fee $0.00
Annual Fee First Year $0.00
Rewards Joining Fee -
Supplementary Card Fee $0.00
Minimum Repayment Greater of 2% or $30.00
Interest Charged From StatementDate
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
Fees, charges, and credit criteria apply. See our full terms and conditions here. All interest rates shown are variable. This information is correct at 10 March 2020. You must be at least 18 years of age to apply for a credit card. If you are a permanent resident you must earn at least $25,000 p.a. for the Virgin Money No Annual Fee Card. Approval is subject to our credit criteria. All offers are non-transferrable, not redeemable for cash, and subject to change or withdrawal without notice at the discretion of Virgin Money. Please note that to read our PDF forms you will need to have Adobe Reader installed on your computer. Virgin Money (Australia) Pty Limited ABN 75 103 478 897 (Virgin Money) Credit Representative number 369377 promotes and distributes the Virgin Money Credit Cards (Credit Cards) as an authorised credit representative of Bank of Queensland Limited ABN 32 009 656 740 (BOQ), Australian credit licence 244616. Citigroup Pty Ltd ABN 88 004 325 080 (Citibank) AFSL/Australian credit licence 238098 is the credit provider and issuer of the Credit Cards. BOQ does not and will not guarantee or otherwise support Citibank’s obligations under the contracts or agreements connected with the Credit Cards. 1. Your total balance transfers may not exceed 80% of your credit limit. 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 20.99% p.a. on the Virgin Australia Velocity Flyer Card, Virgin Australia Velocity High Flyer Card and Virgin Money No Annual Fee Card, and 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 30 November 2019. This offer is valid until 30 April 2020. 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. Velocity Points are not issued on balance transfers. View more information about balance transfers. 5. Offer applies to new approved Virgin Australia Velocity Flyer Card customers who apply by 30 April 2020. Earn 3 bonus Velocity Points on top of your standard earn rate for each eligible $1 spent per month in the first 3 months from card approval. Points earn capped at 10,000 per month for the first 3 months, after which time standard earn rates apply for remainder of the month. Standard earn rate applies after promotional period. This offer can’t be used in conjunction with other Virgin Australia Velocity Flyer Card Point promotions or offers. To earn and redeem Velocity Points, you must be a Velocity Frequent Flyer member. Velocity membership and Points earn and redemption are subject to the member Terms and Conditions, available at velocityfrequentflyer.com, as amended from time to time. 2. Virgin Australia Velocity Flyer Card Purchase and Balance transfer offer: Your total balance transfers may not exceed 80% of your credit limit. The promotional rate of 0% p.a. applies to balances transferred with this offer at point of application for a promotional period of 6 months. The 6 month promotional period commences once the balance transfer is processed. At the end of the balance transfer promotional period, the interest rate on any outstanding transferred balance will revert to the variable annual percentage rate for cash advances, currently 20.99% p.a. Velocity Points are not issued on balance transfers. This offer excludes balances transferred from Virgin Money unsecured credit products. View more information about balance transfers. The promotional rate of 0% p.a. applies to retail purchases for a promotional period of 14 months from the date your account is approved. At the end of the promotional period, the variable annual percentage rate for retail purchases, currently 20.74% p.a. will apply to any outstanding retail purchases and any new retail purchases. Please note you will not be entitled to any interest-free days on retail purchases at the end of the promotional period whilst you have a balance transfer. This means that all spend will be charged interest at the applicable annual percentage rate. If your account has amounts owing that relate to just the balance transfer and retail purchase promotional plans, payments will first be applied to the promotional plan that commenced earlier. The balance transfer promotional plan commences once the balance transfer is processed and the retail purchase promotional plan commences once the first retail purchase is debited to your account. Minimum monthly payments required. Payments will be applied to your account as per the Credit Card Terms and Conditions and Other Important Information. Please note that if you make a retail purchase before your balance transfer is processed, payments made during the Balance Transfer promotional period will be applied to the retail purchase balance before the balance transfer. This offer is valid until 30 April 2020. 7. 10% cash back is available for new approved Virgin Money Low Rate credit card customers who apply by 31 March 2020 and spend on Eligible Transactions for the first 3 months of card approval date. 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). The cash back is capped at a total of $100 and will be credited to the primary card holder’s account up to 10 weeks after the end of the 3 month qualifying period. The cash back credit will be applied once per account and does not contribute to your monthly minimum repayment. This offer is subject to change without notice at the discretion of Virgin Money, is non-transferrable and can’t be used in conjunction with any other promotions or offers. Please note that if you have a balance transfer, you will be charged interest on any spend that you make. 17. The Virgin Australia Gift Voucher is available to Primary Cardholders only and provides one Virgin Australia Gift Voucher to the value of $129 (AUD) each year. You will become eligible for your $129 Virgin Australia Gift Voucher 30 days after card approval in your first year and 30 days after your card anniversary thereafter provided you have made a retail purchase as the Primary Cardholder in the 2 months prior to requesting your voucher, your account is active and in good order and you are a Velocity Frequent Flyer Member. Gift Voucher is not redeemable for cash and is not reloadable. See Virgin Australia Gift Voucher Benefit Terms & Conditions and Terms of Use for full details.

* 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).

Visa® is a registered trademark of Visa International Services Association.
The MasterCard® brand is a registered trademark of MasterCard International Incorporated.

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