Virgin Money Travel Credit Card review 2021 | 21.9% rep. apr | Finder UK

Virgin Money Travel Credit Card review 2021

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Pay no annual or foreign transaction fees, and get 0% interest periods on both purchases and balance transfer with this versatile card.

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).

0%

Foreign transaction charge

21.9%

Representative APR

9 months

0% interest on money transfers

£0

Account fee

Details

IssuerClydesdale Bank
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 9 months reverting to 21.9%
Balance transfer fee2% for 2 months reverting to 5%
Purchases0% for 9 months reverting to 21.9%
Purchases interest-free periodUp to 50 days
Money transfers0% for 9 months reverting to 23.9%
Cash advances27.9%
Min credit limit£0
Max credit limitNot specified
Additional cards available3
IncentiveEnjoy exclusive offers and rewards on the Virgin Red app.

Expert review

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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

If you’re planning a trip abroad sometime soon, Virgin Money has designed this card to cater to most of your financial needs… Want a card that won’t penalise you with fees if you use it in another country? Check. Want to spread the cost of your holiday without it costing more? Check. Hoping to blag a discount on your travel insurance? You’re in luck.

Plus, if you already have an outstanding balance on another card, that needn’t stop you taking the plunge. You’ll be able to take advantage of the 9-month 0% introductory period on balance transfers too.

So what’s not to like? Honestly? Not a lot. You don’t want to use this card to withdraw cash at home or abroad – you’ll pay a fairly eye-watering 3% handling fee every time you do, and that part of your balance will be charged interest at a higher rate – 27.9%, to be precise. That’s fairly standard stuff for credit cards (although Tandem Bank is an exception).

Just remember to refuse dynamic currency conversion when you use this card. In other words if your charming waiter offers to bill you in your home currency, tell them to jog on. Nicely though.

The Virgin Money Travel Credit Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.

Pros and cons

Pros

  • Avoid currency conversion charges when spending abroad
  • No annual fee

Cons

  • Relatively high money transfer fee

How does it compare?

Virgin Money's card

Data updated daily
Name Product Purchases rate Foreign transaction fee Foreign cash transaction fee Interest-free days on foreign transactions Interest-free days on foreign cash transactions Representative example
Virgin Money Travel Credit Card
0% for 9 months reverting to 21.9%
0%
3%
Up to 50 days
0 days
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).
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Other popular cards for overseas spending

Table: sorted by representative APR, promoted deals first
Data updated daily
Name Product Purchases rate Foreign transaction fee Foreign cash transaction fee Interest-free days on foreign transactions Interest-free days on foreign cash transactions Representative example
Santander All in One Credit Card
0% for 20 months reverting to 17.9%
0%
3% (min. £3)
Up to 56 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 17.9% (variable) p.a. with a fee of £3 per month, your representative rate is 23.7% APR (variable).
Ulster Bank Credit Card Mastercard
9.9%
0%
3% (min. £3)
Up to 56 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
The Royal Bank Credit Card
9.9%
0%
3% (min. £3)
Up to 56 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
The NatWest Credit Card
9.9%
0%
3% (min. £3)
Up to 56 days
0 days
Representative example: When you spend £1,200 at a purchase rate of 9.9% (variable) p.a., your representative rate is 9.9% APR (variable).
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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

You can make manual repayments through Virgin Money's app, by logging in to your online banking or over the phone (0800 389 2875). Alternatively you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£9) 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

If you've compared cards and settled on the Virgin Money Travel Credit Card, completing the secure online application form takes about 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.

Frequently asked questions

Can I withdraw cash using the Virgin Money Travel Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Virgin Money Travel Credit Card is 3%.

The interest rate on this part of your balance will be 27.9%, which is 27% more than the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 50 days interest-free" grace period won't apply).

What is the minimum payment on the Virgin Money Travel Credit Card?

Each month you must pay at least 1% of your balance at that point or £25.00 – whichever of the two figures is greater. So if you had, say, £2,450.00 outstanding, you'd pay £25.00, and if you had £10,000.00 outstanding, you'd pay £100.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.

Finder credit card ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score travel credit cards to determine their value against similar products on the market. We look at a number of important factors, like the cost for non-sterling transactions, any caveats or restrictions related to using your card overseas, travel-related perks/benefits, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

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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