Compare Virgin Credit Cards

Virgin Money offers Australian consumers a range of credit cards to help them achieve their spending and savings goals. Best of all, the company is dedicated to offering you affordable, yet highly functional services.

You can get a great credit card from Virgin Money for anything that you need to work with. Virgin Money, a division of Richard Branson’s Virgin network, is a credit card provider that has made it their mission to be competitive with the major 4 banks in Australia.

Virgin Cards to Choose From

Virgin Money has made it their mission to compete with the 4 major Australian banks by bringing you a selection of credit tools to choose from. Their staple cards allow customers a range of features to help them save money while being able to pay for purchases worldwide.

To apply for Virgin’s credit cards you will have to meet the following criteria:

• Are a permanent resident of Australia
• At least 18 in age
• You must be getting an income of $20,000 or more each year
• Your credit rating must be positive
• You should provide your driver’s licence details
• You can send in your Velocity Rewards membership number if you have one

Earn Flights

The Virgin Flyer card lets you earn rewards points that allow you to fly for free (provided you earn enough based on the flight criteria). Considering you’d be spending the money regardless it makes sense to collect rewards for any dollar you spend.

General Features

The basic features on Virgin Money cards are all important. Here are some of the best features to find on their cards:

• Fraudshield is used on each card. This will work to monitor a card’s activity and inform the cardholder of any suspicious actions on the card.
• The Zero Liability feature will allow you to keep from being liable for any transactions that you did not make on your card. This is important for cases where a card is stolen or is lost.
• The process for applying for a card is easy to handle. It will take ten minutes to get a card online. A response can be sent out in a minute.
• You can get good credit limits on a card. The card without annual fees will offer limits from $2,000 to $10,000 while the Virgin Flyer card will have limits from $5,000 to $100,000. You could get a limit increase after having a card for nine months.
• CreditShield will help you to cover your expenses in the event of disability, death or unemployment. It will pay off the minimum payments on your card for six months.

You can withdraw money from your card. This can work at any ATM or any EFTPOS spot with Visa support. You can get $1000 in withdrawals each day.

Bank on the Internet

As a Virgin Money cardholder you can literally bank your money on the Internet (pun intended). This means that you’ll have access to your account day and night. You will be able to check your balance and even pay bills via BPAY.

How About Applicable Credit Limits?

As with any credit card, Virgin’s cards also come with a pre-set credit limit. This means you are given a ceiling to which you can spend money each month. Good customers usually can increase their limit over time. A good customer is a user who pays off their card in full each month and does not accumulate credit card debt.

How/When to Increase Your Limit?

You’ll need to be in possession of your Virgin credit card for a full nine months before you can even think about applying for an increase of your limit. If you demonstrate good behaviour during that timeframe you should likely have your wises granted.

What is CreditShield?

CreditShield is Virgin’s own credit card protection system against unemployment, death or accidents. The protection will cover all of your payments if the claim is valid to the total sum of $50,000.

If you are aged between 18 and 59 you can apply for this cover. Acceptance is guaranteed. There won’t be any health tests needed, nor will you have to answer pesky questions.

Total Freedom

Being a cardholder with Virgin will give you freedom of movement because your cards will be accepted worldwide. All in all, you can rely on this sexy company to help you achieve your budgeting goals while being able to spend and access money hassle free - regardless where in the world you are.

	Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
HSBC Credit Card	17.99%	0% for 6 months with 2% handling fee	$0	21.99%