Virgin Money credit card praised

Fri, 20 Jul 2007

Virgin Money has won glowing praise for the new credit card it is offering to UK consumers.

The company's new credit card, which features a 15-month interest-free period, is an improvement to the already market-leading 13-month deal it had in place, said Michelle Slade of Moneyfacts.

Ms Slade, a personal finance analyst at the company, continued to note that the new credit card offering has not been offset by higher fees or costs. However, it only offers zero per cent on purchases, while the standard rate of 15.9 per cent is "average", she noted.

"Such a competitive deal may not stay around for long, so if it's a zero per cent balance transfer deal you are looking and the term is important to you then this deal simply cannot be beaten," remarked the expert.

She added that Virgin Money, aside from offering a competitive credit card deal, also has high levels of customer service, so many consumers may wish to stay with the company for longer than the 15 months.

Post Office recently warned Britons to be aware that they may be incurring charges when using their credit cards on holiday.


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