Compare Virgin Money balance transfer offers

With one of the best ranges of balance transfer deals going, whatever your budget and balance, Virgin Money should be on your radar.

If you’re looking to transfer a balance and pay it off at 0% interest, Virgin Money is battling it out with the likes of HSBC and Santander to win your custom. Here’s its current range of 0% deals:

Virgin balance transfer cards

Table: sorted by representative APR, promoted deals first
1 - 10 of 10
Name Product Finder Score Balance transfers Money transfers Purchases Annual/monthly fees Link Incentive Representative example
Virgin Money 28 Month Balance Transfer Credit Card Mastercard
4.0
★★★★★
0% for 28 months
(3.25% fee)
0% for 12 months
(4% fee)
0% for 3 months reverting to 24.9%
£0
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Virgin Money 20 Month 2% Fee Balance Transfer Credit Card Mastercard
4.1
★★★★★
0% for 20 months
(2% fee)
0% for 12 months
(4% fee)
0% for 3 months reverting to 24.9%
£0
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Virgin Money 18 Month Low Fee Balance Transfer Credit Card Mastercard
4.0
★★★★★
0% for 18 months
(1.75% fee)
0% for 12 months
(4% fee)
0% for 3 months reverting to 24.9%
£0
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Virgin Money 18 Month Balance Transfer Credit Card Mastercard
Not yet rated
0% for 18 months
(3% fee)
0% for 12 months
(4% fee)
0% for 3 months reverting to 29.9%
£0
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 29.9% (variable) p.a., your representative rate is 29.9% APR (variable).
Virgin Money Dual Credit Card Mastercard
4.0
★★★★★
0% for 16 months
(3% fee)
0% for 12 months
(4% fee)
0% for 13 months reverting to 24.9%
£0
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Virgin Money 14 Month Balance Transfer Credit Card Mastercard
3.5
★★★★★
0% for 14 months
(2.5% fee)
0% for 12 months
(4% fee)
0% for 3 months reverting to 29.9%
£0
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 29.9% (variable) p.a., your representative rate is 29.9% APR (variable).
Virgin Money 12 Month Balance Transfer Credit Card Mastercard
3.5
★★★★★
0% for 12 months
(3% fee)
0% for 6 months
(5% fee)
0% for 3 months reverting to 29.9%
£0
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 29.9% (variable) p.a., your representative rate is 29.9% APR (variable).
Virgin Money 12 Month All Round Credit Card Mastercard
3.5
★★★★★
0% for 12 months
(2.9% fee)
0% for 12 months
(4% fee)
0% for 12 months reverting to 29.9%
£0
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 29.9% (variable) p.a., your representative rate is 29.9% APR (variable).
Virgin Money Travel Credit Card
4.5
★★★★★
0% for 9 months
(2% fee)
0% for 9 months
(4% fee)
0% for 9 months reverting to 24.9%
£0
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 24.9% (variable) p.a., your representative rate is 24.9% APR (variable).
Virgin Money 9 Month All Round Credit Card Mastercard
Not yet rated
0% for 9 months
(3% fee)
0% for 9 months
(4% fee)
0% for 9 months reverting to 29.9%
£0
Enjoy exclusive offers and rewards on the Virgin Red app.
Representative example: When you spend £1,200 at a purchase rate of 29.9% (variable) p.a., your representative rate is 29.9% APR (variable).
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Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow. Most of the data in Finder's comparison tables is provided by Moneyfacts.

How long does a Virgin balance transfer take?

Virgin Money states that it usually needs around 2-3 working days following an accepted application, although it admits this may take longer if additional checks are needed. It’s crucial that you keep up any repayments to your existing card issuer until you know the balance has been transferred – or risk hurting your credit score.

Are there any restrictions?

Virgin Money was bought by Clydesdale and Yorkshire Bank (CYBG) in 2018, so it’s no surprise that you can’t transfer a balance from another Virgin Money, Clydesdale Bank, Yorkshire Bank or B credit card. Any other Mastercard, Visa or American Express cards underwritten by a UK organisation are fine (and this includes store cards).

Virgin Money also states that you shouldn’t use your card to repay other borrowing from Clydesdale Bank PLC. We take that to mean that using a money transfer to pay off a Virgin Money or Clydesdale Bank credit card or loan would also be against the rules.

How do Virgin balance transfers work?

  1. The first step when applying for a Virgin balance transfer card is the “Card Checker” eligibility test. This requires a few basic personal and financial details, and a “soft search” of your credit file (which doesn’t affect your credit rating). The results of this test will give you a solid idea of what credit cards you’re likely to be approved for.
  2. Once you’ve decided on the most suitable card for you, apply using the straightforward online application form. This requires some more in-depth information about the cards you want to transfer balances from. This isn’t compulsory, as you can arrange a balance transfer whenever you like, although you’ll only get the 0% interest deal on those arranged within 60 days of opening the card.
  3. Virgin Money aims to make a decision on your application within minutes. Sometimes, the bank will need more information to make its decision, in which case it will get in touch with you straight away to request this. Once your application has been approved, your card will be delivered within 7-10 working days.
  4. Once your card arrives, you’ll need to activate it online or over the phone. At this point, the process of completing the balance transfers you requested during your application will begin.

What’s the difference between balance transfers and money transfers?

A balance transfer is when you transfer debt from an existing credit card (or cards) to a new one, to benefit from a lower rate of interest.

A money transfer involves transferring funds from your new credit card to your current account. It could be useful in a variety of situations – perhaps if you need to pay people in cash or if you’re consistently in your overdraft. You can organise it the same way you would arrange a balance transfer (over the phone or online).

Both options usually involve a one-off fee per transfer, expressed as a percentage of the money transferred. Money transfer fees are commonly a little higher than balance transfer fees.

Don’t forget that the longest 0% deals tend to have the highest fees, so you might not necessarily go for them. In fact, if it gives you long enough to clear your debt without paying interest, a no balance transfer fee option is a good place to start.

As you’ll see from the table above, Virgin Money offers a better selection of 0% deals than most card issuers. Plus, all its 0% balance transfer cards come with money transfer deals as standard too.

How should I compare Virgin balance transfer deals?

Here are some of the key features you’ll want to look at when deciding which Virgin Money balance transfer offer might be the best option for you.

  • Length of 0% period. To select your ideal 0% period, divide your balance by the number of months within the deal. This will reveal how much you would need to pay each month to clear your debt before this introductory deal expires. If you’re able to clear the balance in less time, explore shorter deals with lower balance transfer fees.
  • Balance transfer fee. This one-off fee will be expressed as a percentage of the balance that you’re transferring. The fee tends to be larger for cards with longer introductory deals.
  • 0%-on-purchases deal.Some balance transfer credit cards have a 0%-on-purchases deal included as well. If this appeals, choose a card with a lengthy 0% period.
  • Standard interest rate. This is the interest rate you’ll pay on purchases and balance transfers outside of any 0% introductory periods.

How big will my credit limit be?

This will depend on your personal circumstances. You’ll be made aware of your credit limit once you’re approved for a card. It’s also possible that Virgin Money will offer you a personalised 0% deal.

Virgin Money lets you check your likelihood of getting approved for a card, before you apply and without affecting your credit score, through a “soft search” facility. However to find out your credit limit, you’ll need to actually apply, and that will involve a “hard search” of your credit file (which has a small but usually short-lived negative effect on your credit score).

You won’t be able to transfer any balances that put you over your credit limit. If you go over your credit limit at any point, your 0% deal will be cancelled.

How much can I balance transfer to a Virgin Money credit card?

You’ll be set a personalised credit limit based on your specific circumstances (credit history, income, outgoings, etc.). Virgin money says you can transfer up to 95% of your limit minus any transfer fee that applies. It does not specify a minimum transfer amount.

Case study: Sam had a great experience with his Virgin Money balance transfer card

Sam Morgan profile pic
Sam Morgan

London

I had a really positive experience. I got 28 months interest free with them. It was really easy to sign up. It was really smooth, a good app that’s really easy to use. I could do everything on the app. There was no need to go into a branch.

If there's one thing you'd tell a friend who's thinking of getting this, what would it be?

Definitely go for it. It’s so easy to set up. I needed it to just transfer a balance off another card and it was really easy to transfer the money. It only took a few days. I had a really positive experience with customer experience.

Bottom line

The bank has a very impressive range of cards with 0% deals attached, so whether you have a hefty balance that you want to move without a fee, or whether you have a low monthly budget and simply need as long as possible to clear your debt, it’s likely to have a highly competitive option for you to consider. What’s more, you’ll get a few other perks with most of these cards too, including access to Virgin Money lounges across the UK.

Many of Virgin’s cards, including the “all-rounders” come with 0% deals on both balances transferred and subsequent purchases, giving you added flexibility with your future spending. Some also offer a 0% money transfer facility, allowing you to transfer funds to your current account without paying interest on the debt.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

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Chris has written 612 Finder guides across topics including:
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