Virgin Money Travel Credit Card review November 2019

Enjoy fee-free overseas spending and 0% on balance transfers and purchases with this all-rounder from Virgin Money.

Finder rating: ★★★★★

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

12 months

0% interest on purchases

21.9%

Representative APR

0%

Foreign transaction charge

Details

IssuerVirgin Money
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 12 months reverting to 21.9%
Balance transfer fee2% for 2 months reverting to 5%
Purchases0% for 12 months reverting to 21.9%
Purchases interest-free periodUp to 50 days
Money transfers0% for 12 months reverting to 23.9%
Cash advances27.9%
Min. credit limit£0
Max credit limitNot specified
Additional cards available3
IncentiveEarn cashback when you shop online with over 500 top brands with Virgin Money Back.

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

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

Table: sorted by representative APR, promoted deals first
Updated November 14th, 2019
Name Product Foreign usage charge (EU) Foreign usage charge (rest of world) Annual/monthly fees Rep. APR Incentive Representative example
0%
0%
£0
9.9% p.a. (variable)
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).
0%
0%
£0
9.9% p.a. (variable)
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).
0%
0%
£0
24.9% p.a. (variable)
No fees for making purchases or withdrawing cash abroad – currencies are converted at the standard Mastercard exchange rate.
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).
0%
0%
£0
9.9% p.a. (variable)
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).
0%
0%
£0
9.9% p.a. (variable)
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).
0%
0%
£0
9.9% p.a. (variable)
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).
0%
0%
£0
14.7% p.a. (variable)
Eligible for Coutts Travel Rewards, receive a cash reward at participating retailers in selected countries.
Representative example: When you spend £1,200 at a purchase rate of 14.71% (variable) p.a., your representative rate is 14.7% APR (variable).
0%
0%
£0
15.9% p.a. (variable)
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a., your representative rate is 15.9% APR (variable).
0%
0%
£0
18.9% p.a. (variable)
Retailer offers - 5 Welcome offers of up to 25% cashback at well-known retailers (must switch on Retailer Offers within 60 days of activating card).
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).
0%
0%
£0
18.9% p.a. (variable)
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a., your representative rate is 18.9% APR (variable).

Compare up to 4 providers

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 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.

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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