virgin credit card worth keeping?

crumpetman · 21 July 2008 at 1:48PM

I have not used mine in ages and am just trying to find out if it has any benefits. I have one because they had a good 0% offer and I got quite a big credit limit.

My everyday card is Egg Money for the 1% cashback plus various instant cashback offers on the web.

Worth keeping the Virgin card or shall I have it cancelled?

NickX · 21 July 2008 at 1:50PM

crumpetman wrote: »

Worth keeping the Virgin card or shall I have it cancelled?

Virgin is an MBNA administered card and they have a good track record for offering existing customers a 0% repeat deal.

I would keep it.

crumpetman · 21 July 2008 at 2:07PM

NickX wrote: »

Virgin is an MBNA administered card and they have a good track record for offering existing customers a 0% repeat deal.

I would keep it.

I have had repeat offers for 0% for 6 months but with an uncapped fee of 2.5% (or it could have been 3.5%?) which put me off as it's not really worth the hassle then as I don't have any debt and I would just be putting the cash in the bank and end up not gaining anything.

NickX · 21 July 2008 at 2:14PM

crumpetman wrote: »

I have had repeat offers for 0% for 6 months but with an uncapped fee of 2.5% (or it could have been 3.5%?) which put me off as it's not really worth the hassle then as I don't have any debt and I would just be putting the cash in the bank and end up not gaining anything.

Yes 6 months with a 2.5% uncapped fee isn't really worth it - they have been known to waive the fee before now though.

Moggles_2 · 21 July 2008 at 3:31PM

I agree with Nick. I would keep your Virgin card for the time being, particularly as you've been handed a generous credit limit.

It's not as though you have an excessive number of credit cards at the mo. (I believe the national average is five.)

iereboy · 21 July 2008 at 8:36PM

I only got the Virgin Credit Card for the benefit. 10% off Zavvi. 10% off Virgin holidays, 20% off Virgin Experience days and loads more. Check the website!

Christopherj_2 · 22 July 2008 at 12:28AM

I have an HSBC Mastercard. If I asked, would they offer me a 0% repeat deal?

NickX · 22 July 2008 at 9:49AM

Christopherj wrote: »

I have an HSBC Mastercard. If I asked, would they offer me a 0% repeat deal?

I don't think HSBC are particularly good on repeat deals but no harm in asking them.

ap2000 · 22 July 2008 at 11:32AM

I have a Natwest credit card which I may cancel. Are they known for repeat offers?

NickX · 22 July 2008 at 12:09PM

ap2000 wrote: »

I have a Natwest credit card which I may cancel. Are they known for repeat offers?

Well I don't know specifically about NatWest but they are part of the RBS Group who also run Ulster Bank. There have been several reports of repeats from Ulster Bank so it may be worth a go.