The Best And Worst Virgin Credit Card Features

September 27th, 2011 by Joshua Fleming | Tags: Card, Credit Card

While only having three different credit cards to choose from, Virgin is getting a lot of attention as a credit card provider.

The company’s two frequent flyer cards and one no annual fee card have quickly moved up the ranks of credit card offerings, but that does not mean they will be right for everyone.

While these cards definitely have their strong points, for some people there will be disadvantages to using these kinds of cards and it is important to look at both the pros and cons before deciding on any credit card.

So if you are thinking about getting a Virgin card, here are some of the most important things to consider that will help you figure out if it will be the best option for you.

Best Virgin Credit Card Features

Virgin Money has definitely stepped up to the mark with a range of competitive credit card features in the rewards card category.

With up to 1.25 points per dollar spent, it is a Visa credit card option that outshines many others that offer a lower points-to-dollar ratio than American Express options.

While many other frequent flyer credit cards have an ongoing purchase rate of between 18-22% p.a., the Virgin High Flyer offers a lower rate of 16.95% p.a., which also makes it one of the lowest rate Visa platinum options currently available.

At the moment annual fees tend to range from $30 for a low fee card up to $700 for the most premium rewards options, so Virgin’s No Annual Fee card’s best feature is definitely the savings potential that gave it this namesake.

Another excellent, unique feature that comes with all the Virgin Money credit cards is the exclusive Virgin Family offers that can help you save money on car, home and life insurance, Virgin fitness club membership, savings accounts, phones and more, just by having a Virgin credit card.

Virgin Credit Card Features That Can Work Against Cardholders

All credit cards have some features or conditions that can potentially be a disadvantage to cardholders, but it is important when comparing different cards to think about what features may be specific to you.

Virgin Money credit cards vary in features, so the card-by-card breakdown below should give you a better idea of possible downsides.

  • Virgin Flyer – high purchase rate of 20.99% p.a., one point per $1 capped at $1500 per month and no interest free days if a balance is carried
  • Virgin High Flyer – the annual fee of $249 and no interest free days if a balance is carried
  • Virgin No Annual Fee – purchase rate of 18.99% p.a. and no interest free days if a balance is carried

These features may not be ideal for some people’s lifestyles, particularly those who carry a balance and may be better off with a low interest card. But for people who are looking for rewards or annual fee savings, they are definitely worth comparing with others.

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