MSE news: Virgin launches fee-free 0% balance transfer credit card

YorkshireBoy

MSE_Dan wrote: »

This is closed to applications now folks

Just gone through a dummy application* and the credit agreement at the end still says...

We will charge the following handling fees on transactions made under this promotional offer:

Balance transfers: £0.00

Cheque transactions: 2.98% (minimum £3.00)

Money transfers: 4.00% (minimum £3.00)

So there may be a last opportunity for some...but be quick...and be sure to read what you're signing...and print it out for future reference if needed.


* Using this link http://uk.virginmoney.com/virgin/credit-cards-nofee/

Paulgonnabedebtfree

I won't be hearing for a while whatever way it goes. I already get too many emails, texts, and calls from companies "partners" etc and it can get quite distracting when I'm trying to earn a living. So I've opted for snailmail only.

suman_das

I applied last night, and was instantly accepted for a credit limit of £17000. I have 2 other cards with credit limits of £10000 and £12100, and relatively good earnings with heavy outgoings. I have only asked for BT of £1000 (negative balance on the other card) and opted out of PPI.
I would like to borrow £10000 by the cheapest means, should I apply for the Egg money card and try SBT from Virgin?
Incidentally I did apply for a Tesco card with 0% on purchases for 12 months yesterday, and was accepted for a credit limit of £7000.

mrmajika

mrmajika wrote: »

The link on Moneysupermarket says it's "Sold out", but it still seems to be available from the link below, although it could get pulled from that any minute.

http://uk.virginmoney.com/virgin/credit-cards-nofee/?source=VM-MSP-54141-60572

It's gone from here now too.

socrates

wizk1 wrote: »

For those of you who are having difficulty applying for another MBNA card, Santander have issued a new card (Santander Zero) for existing Santander group customers (Alliance & Leicester, Abbey). This card offers the same 0% fee, 0% balance transfer, but this one lasts for a whole 12 months rather than the 9 months offered by Virgin.

Is there a link for this - cannot see the 0% BT option on any of their cards on their website

td_007

socrates wrote: »

Is there a link for this - cannot see the 0% BT option on any of their cards on their website

They have sent it to specific customers and is not open to all.

wizk1

socrates wrote: »

Is there a link for this - cannot see the 0% BT option on any of their cards on their website

I received a letter through the post offering me this card, so it won't be on their website. If it's any consolation, I applied (and was accepted for) the Virgin card, only to receive the letter the following day. Oh well. C'est la vie!

heleddie

mary wrote: »

How come such a large amount, if you don't mind me asking - do you have a hefty income?

£50K so quite hefty but not extreme but no other debts and good credit rating. It's not all good, i am stuck with a 5% fixed rate mortgage :-(

heleddie

KILOCHARLIE wrote: »

To the people who are getting large limits, are you mentioning a BT while applying?

I did. but only £3500 to Egg. Will phone up and transfer more when i get the card. Thought they'd wnt to see some bt sum

Moggles_2

heleddie wrote: »

I did, but only £3500 to Egg. Will phone up and transfer more when i get the card. Thought they'd want to see some bt sum

Oh, I don't know. There's no evidence that a BT request made on application has any
bearing on the decision.

OTOH, your available credit in relation to your annual income is likely to be a
major factor