The virgin cc

kindofaverage

hi - have been on the compare credit card sites and it states that an instant decision is given for some cards,e.g. virgin. How can this be when some people on this site say they have to wait a while for a response? thanks

Moggles_2

Yes, most credit decisions are computerised and Virgin gives instant decisions and credit limits, provided that your identity, available credit and so on can be verified electronically via the CRAs, which in turn collate data from public records such as the electoral register

kindofaverage

thanks moggles!

kindofaverage

sorry another question about this virgin cc. I have read on this forum to only really use these cards for balance transfers; But what if they offer the 3 months interest free purchases as virgin cc does and I pay off the purchases within the 3 months - will the payment go against these purchases or the balance transfers? confused!

YorkshireBoy

kindofaverage wrote: »

will the payment go against these purchases or the balance transfers?

Purchases (see condition 2f)

kindofaverage

yep, that is realllly helpful yorkshire boy ?

Moggles_2

If you want an easy life, it's best to keep balance transfers and purchase transactions on separate credit cards, as Martin advises.

Okay, there are exceptions, but why make your life more complicated?

kindofaverage

thanks moggle

YorkshireBoy

kindofaverage wrote: »

yep, that is realllly helpful yorkshire boy ?

Do I detect a little sarcasm there?

Question answered, and a reference given for you to check the exact wording for yourself.

arnie&caseysma!

One thing to note with the Virgin CC, if you are using it for balance transfers, the maximum direct debit they will set is £25 or whatever the % is for the minimum payment. I didn't know this before I took the card and they told me over the phone as I wanted to set my payment higher. The reason? Incase I made purchases which took the minimum payment over the amount I wanted to pay so instead of making one payment each month, to pay any more I have to send a cheque off. Not exactly handy.

YorkshireBoy

arnie&caseysma! wrote: »

...so instead of making one payment each month, to pay any more I have to send a cheque off.

Why a cheque? What about...

Online banking
Telephone banking
Register with Virgin's online service and use your debit card
Ring them up and pay by debit card

or even use the BGC tear-off slip on the statement at your bank branch counter.

There's really no need to send cheques through the post, and risk them going astray, in this day and age!