Virgin Atlantic Reward Credit Card review 2021

Earn Flying Club miles on your day-to-day spending and benefit from a host of other travel perks.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).

22.9%

Representative APR

6 months

0% interest on money transfers

£0

Account fee

6 months

0% interest on balance transfers

Details

IssuerClydesdale Bank
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 6 months reverting to 22.9%
Balance transfer fee3% for 2 months reverting to 5%
Purchases22.9%
Purchases interest-free periodUp to 50 days
Money transfers0% for 6 months reverting to 22.9%
Cash advances27.9%
Min credit limit£0
Max credit limitNot specified
Additional cards available3
IncentiveEarn 0.75 Flying Club miles for every £1 spend and 1.5.miles for every £1 spend with Virgin Atlantic or Virgin Holidays. Spend £20K a year on your card and choose an extra benefit - an upgrade to Premium, or a Companion ticket.

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

One of two similar cards from Virgin Money designed to earn you Flying Club miles on your day-to-day spending, this card has no annual fee, but a lower earn rate. The other – the “Plus” version – boasts a better miles earn-rate at the cost of an annual fee.

You’ll also be gifted introductory bonus miles following your first purchase, and if you spend enough within your first year (see table below) you could unlock additional exclusive benefits, such as upgrades or companion flights. Flights and holidays booked with Virgin stand to earn you twice the miles. Miles get added to your Flying Club account on a monthly basis.

As standard, your card entitles you to free entry to Virgin Money lounges (don’t forget to register for a Virgin Money Lounge card before you travel).

If you’re a big-spending Virgin Atlantic regular and always clear your card balance in full each month, this card could be worth a closer look. If you’re a really big-spending Virgin Atlantic regular, then you should check out the Plus card. If you don’t tend to clear your balance in full each month, chances are what you’ll pay in interest will outweigh what you’ll earn in miles.

As this card is on the Mastercard network, it’s accepted in more than 40 million locations worldwide. You’ll also be able to enjoy access to Priceless Cities experiences.

Pros and cons

Pros

  • Earn points on day-to-day spending
  • No annual fee

Cons

  • Minimum annual income requirement of £7,000
  • Applicants with low credit scores are unlikely to be eligible

How does this card compare with other frequent flyer cards?

Table: sorted by representative APR, promoted deals first
Name Product Max. intro bonus Earn-rate with brand Default earn-rate Annual/monthly fees Representative APR Link Incentive Representative example
British Airways American Express Card
10,000 points
1 point per £1 spent
1 point per £1 spent
£0
24.5% APR (variable)
Go to site
Limited time offer: Earn 10,000 bonus Avios when you spend £1,000 in your first 3 months. Earn 1 Avios for virtually every £1 spent. Spend £12,000 annually and get a travel companion voucher when redeeming Avios for a BA reward flight.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a., your representative rate is 24.5% APR (variable).
British Airways American Express Premium Plus
40,000 points
3 points per £1 spent
1.5 points per £1 spent
£250 per annum
101.1% APR (variable)
Check eligibility
As a new Cardmember, earn 40,000 bonus Avios when you spend £3,000 in your first 3 months of Cardmembership. Earn 3 Avios for per £1 spent directly with BA and 1.5 Avios per £1 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 24.5% (variable) p.a. with a fee of £250 per annum, your representative rate is 101.1% APR (variable).
Virgin Money Virgin Atlantic Reward Credit Card
N/A
1.5 points per £1 spent
1 point per £1.33 spent
£0
22.9% APR (variable)
Earn 0.75 Flying Club miles for every £1 spend and 1.5.miles for every £1 spend with Virgin Atlantic or Virgin Holidays. Spend £20K a year on your card and choose an extra benefit - an upgrade to Premium, or a Companion ticket.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Virgin Money Virgin Atlantic Reward Plus Credit Card
15,000 points
3 points per £1 spent
1.5 points per £1 spent
£160 per annum
63.9% APR (variable)
Earn 15,000 bonus miles with your first card purchase made within 90 days of account opening. Earn 1.5 Flying Club miles for every £1 spend and 3 miles for every £1 spend with Virgin Atlantic and Virgin Holidays. Spend £10K a year on your card and choose an extra benefit - an upgrade to Premium, or a Companion ticket.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a. with a fee of £160 per annum, your representative rate is 63.9% APR (variable).
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Approval for any credit card will depend on your status. The representative APRs shown represent 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 for the Virgin Atlantic Reward Credit Card

If you have compared cards and want to apply, completing the secure online application form takes about 15 minutes. Existing customers can simply log in to eBanking to access the form.

Frequently asked questions

Can I withdraw cash using the Virgin Money Virgin Atlantic Reward Credit Card?

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

The cash advance fee on the Virgin Money Virgin Atlantic Reward Credit Card is 5%.

The interest rate on this part of your balance will be 27.9%, which is 22% 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 Virgin Atlantic Reward 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.

What is the Virgin Atlantic Flying Club?

The “Flying Club” is Virgin Atlantic’s rewards programme. It allows you to earn air miles which you can then use to buy flights or flight upgrades. While you aren’t obliged to join Flying Club when you apply for a Virgin Atlantic credit card, it’s definitely a good thing to consider due to the variety of benefits up for grabs. To learn about credit cards targeted at regular travellers, here’s our guide to frequent flyer credit cards.

How are Flying Club miles earned?

You’ll earn Flying Club miles on every flight with Virgin Atlantic, but many people choose to boost their miles earnings by taking out a frequent flyer credit card. With these cards, you’ll earn miles/points every time you spend using the card. You can also typically earn points/miles at a higher rate when you’re spending with the brand that issues the card – in this case Virgin. Bear in mind that a few transactions are exempt from earning points/miles – like cash advances (that’s when you withdraw cash using your credit card).

What’s a good alternative?

Virgin Atlantic frequently go head-to-head in the air miles comparison tables with American Express’s British Airways cards.

What will my credit limit be?

Your credit limit will be confirmed by Virgin Money once you’ve completed your application and it’s been approved. As the exact figure will vary depending on your personal circumstances, Virgin can’t give you an exact figure before your application has been received.

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2 Comments

    Default Gravatar
    Andy
    January 29, 2020

    Can I upgrade from reward to reward + with all the addition Bonus miles, or would I have to make a separate application?

      Avatarfinder Customer Care
      Tom
      January 31, 2020

      Hi Andy,

      Thanks for your question. Virgin have certain rules around existing or recent customers applying for new cards. If you currently have a Virgin Atlantic credit card, or closed one in the last 6 months, you can’t be approved for a new Virgin Atlantic card.

      However, it’s still worth contacting Virgin directly to see if you can move your current account over to a Reward+ plus card without having to reapply.

      I hope this helps, but please let me know if you have any other questions.

      Regards,

      Tom

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