Revealing the Virgin Credit Cards
Why Virgin Credit Cards are talk of the town Although a new entrant of the UK’s credit market, this card got popular very quickly. The reasons for this are a well-known Virgin brand of Sir Richard Branson, which was already popular for other products as mentioned above, and the card’s simple and straightforward terms and conditions that made sense. The cards look great and are also feature-rich. Main Features of Virgin Credit Cards These cards offer great features, unmatched by any other brands of credit cards. Some of the features that make them prominent and popular are: 1. There is no annual fee, thus keeping this card doesn’t carry any liability. This feature was almost the first introduced in the region by this card. 2. There are no balance transfer fees and zero interest rate for the longest period, i.e. first 16 months. You can transfer you balance from any credit card at no extra charges and enjoy freedom from interest for more than a year. The interest rates after 16 months are also lower than many other credit cards. 3. The interest rate on purchases made through this card is also very low. The interest starts to accumulate after two months of the purchase, so if you pay within two months of your purchase, you won’t be paying any interest on use of the credit service. The interest rate after two months is 13% per annum, which is also lower than most of the credit cards that is 16% or above per annum. 4. The card also provides great online banking features. You can also apply for Virgin Credit Card online. You can also know online what other facilities this card provides. Besides these features, Virgin Card runs a rewards programme named Mates Rates instant rewards which allows card holders to claim many things they want in exchange for points redeemed. The offers in Mates Rate also include other Virgin products such as Virgin Blue, Virgin Mobile, Virgin Atlantic, and a restaurant discount scheme. These cards are managed by several companies including Westpac, American Express, and MasterCard. The card issuers are accessible 24 hours 7 days a week though a phone call or online for any queries or complaints. Finally, it is worth advising that as with any other credit card you should pay off at least the minimum monthly balance on your Virgin Credit Card to avoid any penalty. This is also essential for avoiding any negative impact on your credit history. http://www.cardchoices.co.uk/ About Author Cardchoices.co.uk was launched in late summer 2009 with a view to being the one-stop-shop for consumers looking to save money on their credit card costs. Although credit card comparison websites aren’t new, here at cardchoices.co.uk we found that a large proportion of the ones out there spent too much time trying to sell you mortgages and car insurance, and not enough time researching the best credit card offers in the market. Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
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