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Virgin Atlantic Reward Credit Card review 2020
Earn Flying Club miles on your day-to-day spending and benefit from a host of other travel perks.
You say: ★★★★★We say: ★★★★★
Doing its job: 4/5
In a nutshell:
0% interest on money transfers
0% interest on balance transfers
|Balance transfers||0% for 6 months reverting to 22.9%|
|Balance transfer fee||3% for 2 months reverting to 5%|
|Purchases interest-free period||Up to 50 days|
|Money transfers||0% for 6 months reverting to 22.9%|
|Min credit limit||£0|
|Max credit limit||Not specified|
|Additional cards available||3|
|Incentive||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.|
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.
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.
With its biggest selling point being its simplicity (there’s a single rate of interest applicable for all repayments), this card might appeal to those purely seeking a bit of payment flexibility each month.
Provided you don’t carry a balance from month to month, you’ll enjoy up to 50 days of 0% interest on your purchases each billing cycle. So if you buy something at the start of the billing cycle, you can pay it off at the end of the cycle, without having to pay for the privilege. However, this doesn’t apply to cash advances (that’s when you withdraw cash using your card).
Realistically, if you have a specific purpose in mind, such as spreading the cost of an upcoming expenditure or minimising the amount of interest you’re paying on existing card debt, there are cheaper options out there.
If you already have an outstanding card debt with another bank, you could take advantage of this card’s 6-month 0% balance transfer deal, and bring your balance across to get a break from interest. Remember that if you don’t clear your balance in full within the 6 months, any outstanding balance will start to accrue interest at the card’s standard rate.
Key details, features and benefits
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.
How does this card compare with other similar cards 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 Danske Bank Mastercard Standard
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.