Virgin Money No Annual Fee Credit Card 0% for 12 Months Best Pick for Aussies
Why the Virgin Money no annual fee credit card is a top no‑fee pick in Australia, offering 0% on purchases and balance transfers for 12 months and straightforward tips to avoid high revert rates
Why many Aussies pick this card
The Virgin Money No Annual Fee Credit Card is popular across Australia because it removes the ongoing cost of a yearly fee while offering a 0% p.a. introductory rate on purchases and balance transfers for 12 months. For households looking to consolidate debt or spread a big purchase over a year interest-free, this card is a straightforward, no-fuss option.
Beyond the intro rate, the Virgin Money No Annual Fee Credit Card includes Visa Zero Liability and Fraudshield protections, giving buyers extra peace of mind when using the card online or overseas. It’s a good fit for people who want clear terms and a simple online application without hidden charges.
Key features, rates and typical fees
Key selling points are clear: $0 annual fee for life, 0% for 12 months on purchases and balance transfers, and an interest-free period up to 55 days on purchases. The revert rates are important to note — after the 12 months the purchase rate moves to 18.99% p.a. and balance transfers to 20.99% p.a.
Other charges include foreign currency conversion at 3.3%, cash advance fees and standard late payment fees. The Virgin Money No Annual Fee Credit Card typically has a minimum credit limit of $2,000 and requires minimum monthly repayments of 2% or $30, whichever is greater, so plan repayments accordingly to avoid extra costs.
Who can apply and how the process works
To apply for the Virgin Money No Annual Fee Credit Card you should be an Australian resident aged 18 or over with a minimum income around $25,000 per year. Lenders expect a good credit history, so this card suits applicants who can demonstrate stable income and responsible past credit behaviour.
The application process is mostly online and straightforward: have your ID, recent payslips or bank statements, and details of any balances to transfer ready. Approval times vary, but many applicants receive a decision within a few days, making it an easy choice for Aussies needing a quick, interest-free window.
How to make the most of the card and final thoughts
To get the best from the Virgin Money No Annual Fee Credit Card focus on paying off any transferred balances and purchase balances within the 12-month interest-free period. That avoids the higher revert rates and makes the card a genuinely cost-saving tool for managing debt or financing a planned expense.
Overall, the Virgin Money No Annual Fee Credit Card is one of the best no-annual-fee options for Australians who are disciplined with repayments. If you want a low-cost, secure credit card with a strong introductory offer, it’s worth comparing against other balance transfer and interest-free cards to pick the one that fits your budget and goals.