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Virgin Money Low Rate Credit Card

The Virgin Money Low Rate Credit Card offers 0% p.a. for 15 months on balance transfers. Ongoing benefits include a low ongoing interest rate.

Updated 4 December 2023

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Expert Review

As the name suggests, the Virgin Money Low Rate credit card is Virgin Money's low interest rate product. This is also the only credit card Virgin Money offers in the low interest rate category. Featuring a competitive Purchase interest rate of 11.99% p.a., which is Virgin Money's lowest, and including up to 55 interest free days, this product is great for minimising interest and managing cash-flow, if you want flexibility with your monthly repayment. Of the 200+ credit cards reviewed by Stay or Go, this card ranks among the best 10% lowest purchase rates. Further, the product has a $99 annual fee.

Considering its key features, this card is most suitable to someone who wants the peace of mind that if they do need to pay interest from time to time, the rate will be competitive. Other benefits include an ongoing spend based annual fee waiver, when the customer spends $10,000 per year.

Balance Transfer.
For a limited time the Virgin Money Low Rate credit card has a special 0% p.a. Balance Transfer offer for 15 months. Of note, there is also no Balance Transfer fee which is a significant benefit. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply.

Product Details
Low ongoing variable purchase rate."
- Virgin Money

No rewards program

Account Fees

$99 annual account fee, waived when you spend $10,000 in 12 months

Additional Cardholder Fees

$29 additional cardholder fee

Up to 4 additional cardholders

Transaction Fees

3.30% international transaction fee

Other fees may apply.


11.99% p.a. variable purchase rate

21.69% p.a. variable cash advance rate

Up to 55 interest free days on purchases



Balance Transfer Offer

0% for 15 monthson balance transfers, reverts to 21.69% p.a.

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Before applying for this product, you should read the Target Market Determination (TMD) available here on the Virgin Money website.

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