Virgin Money 23 Month All Round Credit Card Mastercard review January 2020
This card has the longest 0% deals among Virgin Money's three “all round” credit cards.
Finder rating: ★★★★★
Doing its job: 3.5/5
In a nutshell:
0% interest on balance transfers
0% interest on purchases
0% interest on money transfers
|Balance transfers||0% for 23 months reverting to 21.9%|
|Balance transfer fee||2.9% for 2 months reverting to 5%|
|Purchases||0% for 20 months reverting to 21.9%|
|Purchases interest-free period||Up to 50 days|
|Money transfers||0% for 23 months reverting to 23.9%|
|Min. credit limit||£0|
|Max credit limit||Not specified|
|Additional cards available||3|
|Incentive||Earn cashback when you shop online with over 500 top brands with Virgin Money Back.|
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.
If you’re looking for a card that offers different types of 0% deals, this card is one of the best you can apply for with Virgin Money. It gets you its longest 0% period on purchases (20 months), plus 23 months on balance transfers and money transfers. Virgin Money offers two more “all round” credit cards, but this has the longest 0% deals.
More in general, the good thing about Virgin Money’s 0% cards is that there are a lot of them. Calculate how long it will take you to repay your old balance, your upcoming purchase or both, then just pick the card that comes closer to what you need. You can compare them all on this page.
On the downside, other credit card companies often have longer deals than Virgin, and the balance transfer and money transfer fees are also quite expensive. So, if you need to both pay back an old balance and spread out the cost of an upcoming purchase, you may want to compare other dual credit cards on the market.
Finally, spending with this card will allow you to earn cashback at selected retailers thanks to a scheme called Virgin Money Back. This is a comparatively rare reward among 0% credit cards.
How does this card compare with similar products on the market?
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 23 Month All Round Credit Card Mastercard
You can apply for this card online in around 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible. Don’t forget to include the details of any other people you’d like to be cardholders.