Virgin Money Travel credit card (21.9%) review

Looking to save money on your holiday spending? There's zero fees on overseas purchases and 0% interest for nine months on balance transfers and purchases.

Last updated: 12th November 2021

Representative example: The standard interest rate on purchases is 21.9% pa (variable), so if you borrow £1,200 the representative APR will be 21.9% (variable).

Balance transfers

0% interest for 9 months

Representative APR

21.9% (variable)

Purchases

0% interest for 9 months

Annual fee

£0

Virgin Money Travel Credit Card review: who is it best for?

If you’re looking for a credit card that could save you cash on your holiday spending, the Virgin Money Travel credit card has a lot to offer. 

As well as helping you to side-step annoying foreign transaction fees every time you make a purchase abroad, there’s also no interest to pay on your spending for nine months. That means you’ll have nine months of time to pay back those holiday purchases without worrying about the interest building up. 

Because it's from Virgin, it offers access to deals from across the Virgin group as well as cashback from some Virgin brands via the app, so that might be a consideration if you access Virgin services.

Just make sure you pay off your balance within those nine months, otherwise you’ll start paying interest at a rate of 21.9% pa. It’s also best to avoid withdrawing cash on your credit card as you’ll pay a fee of 3%, plus a higher rate of interest from the moment you withdraw your money (even if you clear your balance that month).

Virgin Money Travel Credit Card (21.9%) benefits & disadvantages

  • No foreign transaction fees - you won’t be charged every time you spend on your card abroad.
  • 0% interest introductory offer - no interest is payable on purchases, balance transfers or money transfers for nine months.
  • Access to special offers - you’ll be given access to discounts and offers on Virgin Holidays, Virgin Media and Virgin Experience Days and much more.
  • Cashback if you download the app, on some purchases.

  • 3% cash withdrawal charges in UK or overseas plus interest of 27.9% pa applies from day of the withdrawal.
  • High APR of 21.9% once the 0% offer has expired on purchases, balance transfers and money transfers, the rate it reverts to is fairly high at 21.9%.
  • App is required for maximum cashback benefits.
  • Promotional rates only apply for limited time - a money transfer or balance transfer after the first 60 days of account opening means a higher transfer fee and interest.

What we liked: Virgin Money Travel Credit Card

The Virgin Money Travel credit card is a competitive option for keen travellers. You’ll be able to enjoy fee-free foreign transactions and pay no interest on purchases for a number of months. Plus, as a Virgin Money customer, you’ll also have access to special offers and discounts across the Virgin Group, potentially reducing the cost of your holiday even further. This includes Virgin holidays and cruises, airport parking, Virgin Experience Days and Virgin Media.

1. No foreign transaction fees

Unlike many credit cards on the market, the Virgin Money Travel credit card won’t charge you for non-sterling transactions. In other words, you won’t be charged every time you spend on your card abroad. In comparison, many standard credit cards charge a foreign transaction fee of around 2.75% to 2.99%. Just bear in mind that you will still be charged for cash withdrawals with the Virgin Money card - you’ll be charged a 3% fee, plus interest at a rate of 27.9% pa. Interest will be charged from the day of your withdrawal.

2. 0% interest introductory offers

No interest is payable on purchases, balance transfers or money transfers (where you move money from your credit card into your bank account) for nine months. Although this isn’t the longest 0% deal on the market, nine months should still give you a decent amount of time to clear your balance. Keep in mind that a 2% fee applies to balance transfers and a 4% fee to money transfers, providing your transfer is carried out within the first 60 days

3. Access to special offers

When you sign up for your credit card, you’ll be given access to discounts and offers on Virgin Holidays, Virgin Media, Virgin Experience Days and much more. If you download the credit card app, you’ll also earn cashback on some of your purchases. 

What could be better: Virgin Money Travel Credit Card

Although the Virgin Money Travel credit card has a number of benefits, there are also areas where it falls short relative to other credit cards. Most importantly, you’ll need to watch out for cash withdrawal charges and make sure your credit report is squeaky clean before you apply.

1. Cash withdrawal charges

If you withdraw cash on your credit card from an ATM, whether in the UK or overseas, you’ll be charged a 3% cash advance fee. That means for every £100 you withdraw, you’ll pay £3 on top. What’s more, interest at a rate of 27.9% pa applies from the day of the withdrawal - and it will still apply even if you pay off your monthly balance in full. It’s best to avoid using your credit card for cash withdrawals if you can.

2. High APR

Once the 0% offer has expired on purchases, balance transfers and money transfers, the rate it reverts to is fairly high at 21.9%. In comparison, some of the more competitive credit cards on the market charge around 18.9%. However, as with any card that has a 0% introductory offer, you should aim to pay off your balance in full before the 0% deal ends and interest kicks in.

3. App is required for maximum cashback benefits

If you want to earn cashback via Virgin Money Back, you’ll be encouraged to download the app and register your card(s). If you don’t have a mobile phone or you don’t want yet another app on your phone, you can ask Virgin Money to register you, but access will be more limited - you won’t be able to view current offers or how much cashback you’ve earned, for example. 

4. Promotional rates only apply for limited time

If you carry out a money transfer or balance transfer after the first 60 days of account opening, you’ll pay a higher transfer fee and you’ll be charged interest. Although this is common in the credit card market, some providers offer a slightly longer 90-day “offer” period, while others have no such restrictions.

Frequently asked questions: Virgin Money Travel Credit Card

Virgin Money Travel Credit Card details, fees, requirements

IssuerVirgin Money
NetworkMastercard
Annual or monthly fees£0
Purchase rate0% for a months, then 21.9% pa
Purchase interest-free periodUp to 50 days
Balance transfer rate0% for 9 months, then 21.9% pa
Balance transfer fee2% for first 60 days, then 5%
Money transfer rate0% for 9 months, then 23.9% pa
Money transfer fee4% for first 60 days, then 5%
Cash advance rate27.9% pa
Cash advance fee3%
Minimum credit limitNone
Maximum credit limitDependent on credit score and individual circumstances.
Rewards/offersAccess to deals across the wider Virgin Group, including discounts on holidays, entertainment and days out. Earn cashback at selected brands with the Virgin Money credit card app.
Monthly/annual fees£0
Balance transfer fee2% for transfers made in the first 60 days. After this, the fee is 5%
Money transfer fee4% for transfers made in the first 60 days. After this, the fee is 5%
Cash withdrawal/cash advance fee3%
Late/missed payment fee£12
Exceeding your credit limit fee£12
Foreign transaction fee£0

Application requirements

To apply, you must meet the below requirements:

  • Be aged 18 years or over

  • Be a UK resident

  • Have a UK bank or building society account

  • Have a good credit history

  • Have a personal income of at least £7,000 or household income of at least £15,000. This can include pensions, investments and any rental income.

How does it compare?

7 results found, sorted by lowest representative apr. How we order our comparisons.
Sort
Virgin Money Travel Credit Card (21.9%)
Foreign transactions
No fee & 0% interest for 9 months
Foreign cash withdrawals
3% fee & 27.9% p.a. variable
Representative APR (variable)
21.9% APR
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'.
Representative Example: The standard interest rate on purchases is 21.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 21.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Barclaycard Rewards Credit Card
Foreign transactions
No fee & 22.9% interest p.a. variable
Foreign cash withdrawals
22.9% p.a. variable
Representative APR (variable)
22.9% APR
Sign up for a Barclaycard and get up to five months free of Apple Music, Apple TV+, Apple News+ and Apple Arcade. Continues as paid subscription after trial ends. UK only, T&Cs apply.
Representative Example: The standard interest rate on purchases is 22.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 22.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£3,000
UK Resident
Virgin Money Travel Credit Card (23.9%)
Foreign transactions
No fee & 0% interest for 9 months
Foreign cash withdrawals
3% fee & 27.9% p.a. variable
Representative APR (variable)
23.9% APR
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'.
Representative Example: The standard interest rate on purchases is 23.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 23.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Travel Credit Card (25.9%)
Foreign transactions
No fee & 0% interest for 9 months
Foreign cash withdrawals
3% fee & 27.9% p.a. variable
Representative APR (variable)
25.9% APR
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'.
Representative Example: The standard interest rate on purchases is 25.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 25.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident
Virgin Money Travel Credit Card (29.9%)
Foreign transactions
No fee & 0% interest for 9 months
Foreign cash withdrawals
3% fee & 29.9% p.a. variable
Representative APR (variable)
29.9% APR
Virgin Money Back offers cardholders the ability to earn cashback on their credit card spend at participating retailers when they are enrolled in the programme via the mobile app'.
Representative Example: The standard interest rate on purchases is 29.9% p.a. (variable), so if you borrow £1,200 the Representative APR will be 29.9% (variable).
Eligibility
Credit Ratinggood
Minimum Age18 years
Minimum Income£7,000
UK Resident

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