LONDON, Nov. 17, 2010 /PRNewswire/ -- Virgin Money this week extended the 0% introductory period on its balance transfer credit card from 14 months to 16 months.
Once the introductory period ends it reverts to a typical interest rate of 18.9% (variable).
Balance transfers attract a fee of 2.89% and the introductory rate only applies to transactions made within 60 days of the account opening date.
The new card also offers 0% interest on card purchases for three months.
Scott Mowbray, spokesman for Virgin Money, said: "We're delighted to offer a new and improved balance transfer deal to help customers manage their money. A customer transferring 2,000 pounds from a card with an interest rate of 17.9% could save themselves 385 pounds over 16 months including the balance transfer fee of 2.89%."
All new Virgin Money Credit Cards will incorporate contactless technology allowing customers to pay for items worth up to 15 pounds just by swiping their card. Full information on the range of Virgin credit cards can be found at http://uk.virginmoney.com/credit-cards/, and it is also possible to apply online at the same address.
IF USING THIS INFORMATION PLEASE CREDIT VIRGIN MONEY http://uk.virginmoney.com/credit-cards/
SOURCE Virgin Money
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