Virgin money card promotion offer

iamchrisli

Hello

Just wondering if anyone has any offer coming through while repaying .

MallyGirl

I get them all the time

iamchrisli

What sort of the offer? as good as to new customers?

fozmcfc

My experience with them in the past, was regular offers, but no, not as good as new customers get.

Normally I was offered upto 13 months (not 12 because, the offer usually is available for 6 weeks or so) with a fee of around 4.0% or 4.5% and money transfer at 5.0% or life of balance transfer with no fee at 4.9% APR. So shorter time scales and highers fees.

MBNA who my card was transferred to, once they split up, is exactly the same.

I will say, that if you have an offer already on, always make sure you read which offer your payment would go to, if you took up another offer. i.e. the offer which started earliest or offer that finishes the earliest.

Also in my experience, if you don't take up offers straightaway and particular if you have no balance on the card, the fee starts to come down by 0.5-1% and the offer goes up to 15 months, I guess to try to entice the customers, however, it never becomes still as good as new customers.

I will always keep cards with repeat offers, handy if you aren't able to get an offer elsewhere or a new card.

I've used repeat offers several times, because I don't mind paying £40 or £50 on top of say a £1000 purchase or balance transfer, when I can pay it off over 12 months or so.

sillygoose

I get them regularly, but they are wasting their time as it would be too complicated with further borrowing on top.

Very happy with it as it is, borrowed several thousand towards a car when an offer meant a small fee on a cash transfer. Happily paying off by DD each month to end before the zero interest period is up.

As no fan of Branson, it feels quite good to be borrowing a bit of his money for as long as possible whilst giving him peanuts in profit. Also insist on paper statements, by the time its paid off the postage costs alone will have cost them more than the fee they got