New Virgin Credit Cards Launched in Australia
July 27th, 2010
Sir Richard Branson of Virgin fame recently announced that his Virgin Money was launching a new series of banking products to finally allow Australians the chance to choose the right products for their needs. Branson said he was attempting to shift power away from the consolidated power of the four major banks that control Australia’s financial infrastructure.
By giving Australians the right to choose competitive products, Branson says they stand to save $10 billion over the next 10 years. Two of these products include the Virgin No Annual Fee credit card and the Virgin Flyer credit card, both of which offer low rates and high tech protection. The saying goes you can go places with one card and you don’t have to pay an annual fee for the other.
The New Virgin Credit Cards With No Annual Fee
This Virgin No Annual Fee credit card is the new Virgin credit card that offers to save Australians a lot of money. There is never an annual fee, obviously, but there’s also a low balance transfer rate of 2.9% p.a. for 6 months and there’s also a great purchase rate of 16.95% p.a. Not only that, but customers get to enjoy up to 44 days interest free on all purchases.
The New Virgin Credit Card for Virgin Flyers
The New Virgin Flyer credit card is the new Virgin credit card that has flyers in mind. The card comes with many flight discounts. These include a free flight if the card is acquired and used before October 15, a buy one get one free deal on Virgin Blue seats, and the chance to earn Velocity Points, which is Virgin’s reward system that allows customers to save on any of Virgin’s 400 flight destinations. The new virgin credit card for flyers comes with the low annual fee of only $99.
High Tech Security
Both of these new Virgin credit cards come with state of the art chip technology. That means data protection and identify theft prevention are top priority. Not only that, but the new Virgin credit cards offer Fraudshield and Visa’s Zero Liability policy, which basically states that customers aren’t liable for lost or stolen cards, or for purchases that they didn’t make.
Both cards can be applied for through the Virgin Money website or over the phone, and the process is extremely easy. Once approved, you could be using your card in as little as ten working days, enjoying all the money saving benefits these cards are finally bringing to Australia.
Editors Choice: Best Credit Card Deals
| Credit Card | Card Details | Interest Rate p.a. | Cash Advance Rate p.a. | Balance Transfer Rate p.a. | Annual Fee | Interest Free Days (Up To) | |
|---|---|---|---|---|---|---|---|
|
An excellent balance transfer offer of 1.9% p.a. for 12 months and a standard purchase rate of 12.24% |
12.24% | 17.99% | 1.9% for 12 months | $39 | 0 | |
|
Excellent credit card, with a 0% p.a. for 6 months balance transfer offer, and pay $0 for the life of the card |
16.99% | 20.75% | 0% for 6 months | $0 | 55 | |
|
Enjoy 1.9% p.a. for 12 months on balance transfers as well as earn 3 Skywards Miles for every dollar spent, plus all the benefits & privileges of a platinum card. |
20.74% | 20.74% | 1.9% for 12 months | $229 | 55 |