Virgin Money Credit Card in a subsidiary of the Virgin group, which has grown from the 1970′s as a student magazine and record company to an airline, financial institution and mobile phone company. The Virgin Money Credit Card offers variable interest rates so your financial situation and needs is taken into account prior to setting your interest rate. Your particular financial situation will also affect your credit limit which in turn affects your fees.
When purchasing flights with your Virgin Money Credit Card you have the opportunity to receive free travel insurance, a great benefit for those who travel a lot.
When comparing the Virgin Money Credit Card with other Credit Cards make sure to consider the transaction fees involved as these can be a nasty hidden cost.
| Description |
Rate |
| Suitable Income | R5000+ per month |
| Start Up Fee | U/A |
| Monthly Fee | FREE |
| Interest |
|
| Interest Free Period | 25 Days |
| Interest Rate Debit | 15.5% |
| Interest Rate Credit | 4% per annum |
| ATM Transaction |
|
| ATM enquiries,statements Car CardTM transactions | R4.00 per transaction |
All ATM withdrawals anywhere in the world |
R11.50 per transaction |
| ATM Cash deposits (Absa Only) | R19.50 per transaction |
| Branch Transactions – (not Virgin Money’s, but they struck a deal with Absa to help out) | |
| Cash withdrawals / deposits (incl. cheque deposits) | R36.00 per transaction |
| Other |
|
| Lost/stolen card admin fee and unpaid debit order fee | R137.50 per card/ d.o |
| Insurance |
|
| Lost Card Insurance | Free |
| Travel Insurance | Free* |
| Optional Credit Life Insurance | R1.60 for every R1 000 owing** |
As swiping is FREE, Virgin money recommends you swipe your credit card rather than withdraw money in order to save.
* When purchasing flight with your Virgin Money Credit Card
** Costs R1.60 for every R1 000 owing on your credit card and covers the debt on your main credit card account for up to R75 000 in the event of your death or a permanent disability. The premium will be debited one month in arrears and will be based on the average daily outstanding balance during the month.
Disclaimer
Please note that the rates quoted above are current from printing and to be used as a guideline only. These rates are subject to change. Please note that Terms and Conditions apply. Contact the bank directly for additional information and to verify fees and charges.