Does Virgin Money tend to offer good existing customer balance transfer/money transfer offers?

alexanderalexander

My existing balance transfer on my Virgin Money card will expire in a couple of months' time (I will repay it before then) and it'd be helpful to know whether Virgin is likely to offer me a good "existing customer" BT offer. 

prettyandfluffy

They have done so with me; in fact whilst offers from other CC providers have dwindled, Virgin have continued to make them.

Gandalf644

alexanderalexander said:

My existing balance transfer on my Virgin Money card will expire in a couple of months' time (I will repay it before then) and it'd be helpful to know whether Virgin is likely to offer me a good "existing customer" BT offer. 

Not that I have ever used it as I always fully pay off my credit cards every month, but Virgin Money seem to send me monthly e-mails offering 0% balance transfers.

The latest one was, I think, 18 months with a 3% fee and 24 months with a 3.5% fee.

 

DJSINGH

prettyandfluffy said:

They have done so with me; in fact whilst offers from other CC providers have dwindled, Virgin have continued to make them.

Do virgin ever offer you fee free Money Transfer offers? 

retiredbanker1

They do offer existing customer offers normally at lower charges than others but mine are normally 11/12 months so perhaps not suitable for all.

Brie

I wonder how much the takeover of VM by Nationwide will affect these sorts of offers.

born_again

https://www.bbc.co.uk/news/business-68499145

So any planned offers might simply be put on back burner, while this is sorted out.

prettyandfluffy

born_again said:

https://www.bbc.co.uk/news/business-68499145

So any planned offers might simply be put on back burner, while this is sorted out.

Not according to the email I received from Virgin money, it's business as usual.

prettyandfluffy

DJSINGH said:

prettyandfluffy said:

They have done so with me; in fact whilst offers from other CC providers have dwindled, Virgin have continued to make them.

Do virgin ever offer you fee free Money Transfer offers? 

No, the most recent offer was 4% fee with 0% interest. I get better offers from Barclaycard.

WillPS

born_again said:

https://www.bbc.co.uk/news/business-68499145

So any planned offers might simply be put on back burner, while this is sorted out.

I suspect credit cards is one of the areas Nationwide intend to lean on their acquisition for. That wouldn't mean there wont be changes in branding etc, but I don't think they'll be seeking to trim the operation as it stands back.

WillPS

DJSINGH said:

prettyandfluffy said:

They have done so with me; in fact whilst offers from other CC providers have dwindled, Virgin have continued to make them.

Do virgin ever offer you fee free Money Transfer offers? 

I've never had a 'fee free' existing customer offer from Virgin Money or any other provider (balance transfer or money transfer) for that. The fees offered usually carry a 1-2 point premium on the ones they're offering new customers.