Virgin Money balance transfer credit card praised
Virgin Money's balance transfer credit card has been praised as a way of providing customers with "breathing space" while they get their finances in order.
Virgin Money balance transfer credit card praised”
Virgin Money's balance transfer credit card has been praised as a way of providing customers with "breathing space" while they get their finances in order.
An article on web resource Fool.co.uk explains the card offers a 16-month interest-free period on balance transfers.
In addition, it allows customers to carry out money transfers under its 0% deal, so cash can be transferred into a person's bank account.
As such, personal loan debts and overdrafts can be shifted onto the card and interest will not have to be paid on them for the entirety of the 16-month period, the piece explains, noting that if no interest is required, the entire thing can be paid off faster.
"This card gives you plenty of time to start tackling your debts head on, without worrying about the interest," the article concludes.
Virgin Money traces its history back to 1995, when it was called Virgin Direct.
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