Get 40 months interest-free on balance and money transfers with Virgin Money.
Virgin Money has launched a 40-month 0% balance transfer credit card, the longest interest-free period ever offered.
The Virgin 40 Month Balance Transfer Credit Card, which also offers 40 months interest-free on money transfers, is available until 9th September.
To celebrate Virgin’s history in music and the recent launch of the Sex Pistols credit card, the card has a ‘cassette tape’ design, which is now available on all other Virgin Money credit cards.
There’s a 2.99% balance transfer fee and one-off money transfer fee of 4%. Introductory rates apply to balance and money transfers made within first 60 days of account opening.
How it compares
Here’s how the best buy table is looking at the moment:
|
Credit card |
0% period on balance transfers |
Balance transfer fee |
Cost of transferring £2,000 balance |
Representative APR |
|
40 months |
2.99% |
£59.80 |
18.9% |
|
|
36 months |
2.39% |
£47.80 |
18.9% |
|
|
36 months |
2.45% |
£49 |
18.9% |
|
|
36 months |
2.48% |
£49.60 |
18.9% |
|
|
36 months |
2.50% |
£50 |
18.9% |
|
| Fluid 36 Month Balance Transfer Credit Card | 36 months | 2.79% | £55.80 | 18.9% |
|
Bank of Scotland Platinum 36 Month Balance Transfer Mastercard |
36 months |
3.0% |
£60 |
18.9% |
|
Lloyds Bank Online Platinum 36 Month Balance Transfer Mastercard |
36 months |
3.0% |
£60 |
18.9% |
Compare even more credit cards with loveMONEY
[SPOTLIGHT]As you can see, Virgin is far and away the top of the table, though you will pay a premium for the extra four months of 0% interest in the form of a higher transfer fee than many of the cards with a 36-month interest-free period.
Shorter 0% periods are available, with even smaller transfer fees too. Find out more in The best 0% balance transfer credit cards.
Compare credit cards with loveMONEY
More on banking:
The best air mile credit cards
American Express boosts bonus Avios on British Airways credit cards