It is a no-frills, low cost card with up to 55 interest-free days and an interest rate of 12.99% (April 2007). There is no points/airline miles scheme. However, discounts are offered by some retailers if the discount scheme is mentioned at the point of sale. A comprehensive restaurant discount scheme, operated by the Entertainment Book company, is also offered. Initially, participation in this scheme was free but if a cardholder wishes to receive a restaurant discount card, Virgin now charges an annual fee of $20.
Marketing slogans included:
The Virgin Credit Card was withdrawn from sale in Australia as of 3 April 2008. Existing card holders can continue to operate their cards, but no new cards will be issued.
The UK card is marketed mainly on the basis of its promotional balance transfer period. A UK Cardholder must be a UK Resident, aged 18 or over and have a UK Bank Account.
The Card currently offers 0% on Balance transfers for 15 months and 0% on retail purchases for 3 months, with a typical rate of 15.9%APR. (Nov 2007)
The Standard Virgin Money card offers discounts across the Virgin Group, with the notable exception of discounts on Virgin Atlantic flights.
Users of the Virgin Credit Card in the UK are also entitled to discounts on other Virgin Group products. This includes a 10% discount at Zavvi Stores around the UK.
MULTOS UNVEILS LOWER-COST SMART CARD SOFTWARE.(Developers of Multos smart card operating system announced lower-cost card designed for banks)(Brief Article)
Nov 21, 2003; The developers of the Multos smart card operating system today announced a lower-cost card designed for banks, mainly in Europe,...