The Virgin Money Balance Transfer credit card is a financial product, one of its main attractions being its fee exemptions.

Throughout this article, we will look at how it works, how its exemptions work and also what its advantages and disadvantages are.

All of this will be quite important in reaching a conclusion regarding whether or not it is worth applying for the Virgin Money Balance Transfer credit card.

Why we recommend the Virgin Money Balance Transfer credit card

Do you have any credit card debt? These debts are more common than you might think, and there are many ways to pay them off.

One of the main ones is to use balance transfers, which is a way to avoid abusive fees and charges in a very simple way.

The debt is transferred from one card to another, where the second credit card offers much more favorable rates and fees for payment.

This is exactly why we recommend using the Virgin Money Balance Transfer credit card, as it has no fees.

And even if this exemption doesn’t last forever, it’s valid for long enough to be a good attraction for those looking to transfer their balance.

It’s a good way to pay off that credit card debt before it snowballs into a huge pile of interest.

What can I use the Virgin Money Balance Transfer credit card for?

The main purpose of this credit card is the possibility of using the credit card to make the balance transfer better.

This is something we have already covered in this article, so when talking about the main ways to use Virgin Money Balance Transfer credit cards, we will deviate a little from the standard.

Selecting two ways to use a credit card in very different ways, to demonstrate how this continues to be a very complete financial product.

However, it is worth remembering that in addition to the uses mentioned below, there are still many other alternatives, which can be checked on the official website.

Everyday shopping in a practical way

Everyday purchases really need a good payment method, where physical money often cannot do the job.

Mainly because you need to go to the bank or ATM to make withdrawals, something that can take up valuable time in your day.

Therefore, there is nothing better than using a Virgin Money Balance Transfer credit card, so that these everyday payments become less complicated.

This is due to both the flexible limit and the possibility of paying with approximation, where depending on the purchase value, it is necessary to write down the password.

This can also be a good payment method for emergencies, where you will no longer be surprised by an unexpected cost.

Secure online payments

When it comes to making a purchase, it is essential that it is properly secure, especially when it comes to online purchases.

Because, at the same time that the virtual environment has made life easier for those who like to shop, it has also ended up giving rise to new scams and frauds.

Therefore, a good security system is necessary to keep your sensitive data safe from leaks and other common problems.

For those who take security seriously, know that this was a consideration when creating the Virgin Money Balance Transfer credit card.

Where, cardholders can purchase in a practical way, with fast payment processing, but without running great risks.

Virgin Money Balance Transfer Credit Card Benefits

It’s time to understand the main strengths of the Virgin Money Balance Transfer credit cards, which are available on the card’s official website.

But, you don’t need to go anywhere, as we have listed the main ones below:

• Fully remote request
• Contactless payments
• Card management application
• Sending the card by post
• Insurance for online purchases
• Exemption from interest rates for a period

Disadvantages of Virgin Money Balance Transfer Credit Card

Being a very complete card, some benefits may seem complicated for those who do not have much experience using cards.

This makes it not recommended for beginners, and is mainly intended for those looking for a replacement for a card they already have.

If you are not in this target audience, we recommend that you consider applying for another financial product.

How is the credit analysis done on the Virgin Money Balance Transfer credit card?

The credit analysis carried out for the issuance of the Virgin Money Balance Transfer credit card uses the Score and credit history of the candidate.

Where, in a very direct way, a better score and a cleaner record give the candidate a better chance of being approved.

All of this also influences your initial limit and how easy it will be for you to request a credit increase over time.

Is there a maximum and minimum Virgin Money Balance Transfer credit card amount?

When researching the Virgin Money Balance Transfer credit limit, we did not find any information regarding the minimum credit limit.

However, we have the maximum credit limit, where holders can receive a limit of up to 1,200 Euros, but that is not all we know about the limit.

This card has a credit that adapts to the credit needs and payment possibilities of each user, where it is possible to receive very varied amounts.

There is also the risk of receiving an initial limit that cannot adequately meet your demand, but simply requesting a new credit analysis is enough to resolve the problem.

Want to apply? Learn how to get the Virgin Money Balance Transfer credit card right here

It’s time to learn how to apply for the Virgin Money Balance Transfer credit card, to do so, click the button below and check out the steps in the next article.