Virgin Money 0% purchases credit card review

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Spread the cost of large purchases over 20 months without paying interest with this 0% deal from Virgin Money.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).

12 months

0% interest on balance transfers

20 months

0% interest on purchases

21.9%

Representative APR

12 months

0% interest on money transfers

Details

IssuerVirgin Money
NetworkMastercard
Purchases0% for 20 months reverting to 21.9%
Purchases interest-free period (days)50
Balance transfers0% for 12 months reverting to 21.9%
Cash advances27.9%
Additional cards available3

Expert review

Chris Lilly

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.

Expert review

This credit card’s 20-month-long 0% period on purchases is Virgin’s longest. It isn’t the longest on the market overall – the top ones are usually found with Barclays or MBNA – but it does give you a lot of time to pay back a big purchase.

There is no annual fee, but you do have to make sure you have a plan to clear your balance before the intro period expires. If you don’t, this card’s revert rate is 21.9% – not exactly a cheap borrowing option.

This card also offers decent 0% periods on balance and money transfers. The focus is definitely on future expenses, but if you also have an old debt to pay back it could be an option, even though there is a balance transfer fee to take into account.

Finally, like with all Virgin Money credit cards, you also get access to the Virgin Money Back programme, which gives you cashback when you shop at selected retailers. A not-so-common treat among 0% credit cards.

All in all, this is a competitive 0% purchase credit card, if not the best you can get. Virgin has a very comprehensive range of 0% deals (10 at the time of writing), so you definitely want to compare its cards and make sure you get the one that adapts best to your circumstances.

How does this card compare with similar products on the market?

Virgin Money’s card

Updated February 18th, 2020
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Representative example
Virgin Money 20 Month Purchase Credit Card Mastercard
0% for 20 months reverting to 21.9%
0% for 12 months reverting to 21.9%
£0
21.9% (variable)
Earn cashback when you shop online with over 500 top brands with Virgin Money Back.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).

Compare up to 4 providers

Other 0% purchase deals

Table: sorted by length of 0% purchases offer, promoted deals first
Updated February 18th, 2020
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Representative example
M&S Bank Shopping Plus Mastercard
0% for 20 months reverting to 19.9%
0% for 20 months reverting to 19.9%
£0
19.9% (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
M&S Bank Reward Plus Mastercard
0% for 6 months reverting to 19.9%
0% for 6 months reverting to 19.9%
£0
19.9% (variable)
Double points on spend in M&S for first 12 months (2 points per £1). Then earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
Sainsbury's Bank Dual Offer Credit Card Mastercard
0% for 27 months reverting to 20.95%
0% for 27 months reverting to 20.95%
£0
20.9% (variable)
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 20.95% (variable) p.a., your representative rate is 20.9% APR (variable).
Santander All in One Credit Card Mastercard
0% for 26 months reverting to 15.9%
0% for 26 months reverting to 15.9%
£3 per month
21.7% (variable)
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £3 per month, your representative rate is 21.7% APR (variable).
MBNA 0% Transfer and Purchase Credit Card
0% for 26 months reverting to 20.93%
0% for 26 months reverting to 20.93%
£0
20.9% (variable)
Introductory 0% purchase offer only applies to purchases made within 60 days of opening.
Representative example: When you spend £1,200 at a purchase rate of 20.93% (variable) p.a., your representative rate is 20.9% APR (variable).

Compare up to 4 providers

Approval for any credit card will depend on your status. The APR shown represents 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.

Repayment options

When it comes to repayments, you can make manual repayments online or over the phone (0800 389 2875), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply for the Virgin Money 20 Month Purchase Credit Card Mastercard

If you’ve compared cards and want to apply, completing the secure online application form takes about 10-15 minutes. Before you apply, you’ll be prompted to check your eligibility – this involves a quick “soft search”, meaning it won’t affect your credit score. If at this point you’re happy to proceed, there will then be a “hard search” of your credit file, and you’ll find out the credit limit Virgin can offer you. Then, if you’re happy, you can accept its offer and sit back and wait for it to drop through the letterbox.

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Our team evaluates credit cards to determine their value against similar products on the market.

We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles etc. – how costly it is to use day-to-day and whether it offers much in the way of extras.

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.

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