Virgin Money Travel Credit Card review January 2020
Enjoy fee-free overseas spending and 0% on balance transfers and purchases with this all-rounder from Virgin Money.
You say: ★★★★★We say: ★★★★★
Doing its job: 4.5/5
In a nutshell:
0% interest on balance transfers
0% interest on purchases
Foreign transaction charge
|Balance transfers||0% for 12 months reverting to 21.9%|
|Balance transfer fee||2% for 2 months reverting to 5%|
|Purchases||0% for 12 months reverting to 21.9%|
|Purchases interest-free period||Up to 50 days|
|Money transfers||0% for 12 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 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 29-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 – 25.95%, 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.
Compare cards with no overseas transaction fees
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 12 Month Travel Credit Card Mastercard
If you’ve compared cards and want to apply, 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.
Finder credit card ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
Our experts score each travel credit card by comparing it to similar products on the market. We look at a range of scoring criteria, but the most important ones are foreign transaction fees, purchase rate, travel perks and rewards.
Head to our credit card methodology page for all the details of how we rate credit cards.