Help with deciphering the CC small print

xar00

Hello, I am looking at getting a "Virgin All Round" credit card, and to only use the bank transfer deal (no purchases etc), transferring £1350 and pay £90 for 15 months.

However, I'm a little confused on all the fee's and percentages listed on the 'summary' box. I tried contacting them, but I was put through to a salesman who said he didn't have the information at hand and I was advised to go back to the summary box.

Card link --> uk.virginmoney.com/virgin/credit-cards-v26/index.jsp
Summary link --> uk.virginmoney.com/virgin/credit-cards-v26/popup/summary.jsp

(Can't post full links as a new member )

Please can one of you kind people explain the charges/fees etc I will receive if I take up this offer? (Please be gentle, it's my first time posting here).

Thanks, Xar.

traynor1987

On a £1350 balance transfer you will have to pay £26.86 fee if you make the transfer within 60 days otherwise you will pay £39.01 fee after 60 days (and will lose the 0% for 16 months offer). So make sure you do the balance transfer before the 60 days are up.

You're new balance will be £1376.86 meaning if you pay £90 for 15 months you will still owe the £26.86 in the final month of the 16 months at 0%.

Hope this helps,

James

xar00

Hi James, thanks for the advice, that's exactly what I was after.

Xar.