Virgin credit card rate increase

timbo58

Thanks for highlighting this: and the poster that warned us that Virgin/MBNA do this quite a lot!
I just sold my old house and paid off the balance -about £4500+ on Virgin (again a 0% introductory which is currently 15.5% for card purchases)
I shall keep a VERY careful eye on them to ensure if they ratejack me I shall cancel the card immediately!
I was keeping the card active as I'm moving soon and have put a few major expenses on it -purely as it had 0% of new purchases also till July 2011 -or so I thought!
It actually only covered purchases up to 31/12/10 and then 0% on these ONLY till July 2011, so a MAJOR thankyou for prompting me to check!
I was going to whack the white goods etc onto that card and use it until July then pay it all off! oops!
I shall slap all the major stuff onto my sainsburys CC now as even though its a tad more at 15.9% it's also a 56 day interest free on purchases.

theres another gripe: The Sainsburys card shows clearly the APR, the Virgin one gives a monthly equivalent only it seems!
Not terribly easy to compare: or perhaps thats the whole point?

I think it's alway worth cancelling unused MBNA cards anyway as they are generally the ones that offer good 0% rates and balance transfers also: i.e. if you already have one from MBNA you can't then apply for a new one!

anyusernameleft

Honestly, ditch it and get another card.
Co Op aren't bad. You might get a better rate to start with but they don't jack it up later like Virgin.