Credit Card Compare

Virgin Money Low Rate Credit Card

Data last updated 20 July 2026
12.99%
Purchase rate
$99
Annual fee
55 days
Interest-free

Do you manage Virgin Money card listings? Claim on Partner Central

Application
You may have seen us in
The Sydney Morning HeraldNews.com.auYahoo! FinanceDaily Mail Australia

CardIQ

57Good

Good

Overall score, out of 100 · How this works

  • 55 days interest-free56
  • Low rate57

Customer reviews

No reviews yet. Be the first to review the Virgin Money Low Rate Credit Card.

Pros & cons

What's good

  • The 12.99% p.a. purchase rate is among the lowest ongoing purchase rates (the median card charges 18.99% p.a.).

Worth noting

  • The $99 annual fee is high for a Standard card, where the typical fee is about $50.
  • 3% foreign transaction fee on overseas spending.
  • Earns no rewards points on spending.
  • No balance transfer or introductory purchase offer.

Card details

The basics

Additional cardholder fee
$29 p.a.
Card tier
Standard
Card type
Visa
Card use
Personal
Credit limit
$2,000 – $100,000
Credit rating
Good
Rewards program
None

Eligibility

Instant approval
No
Joint application
No
Minimum age
18 years old
Minimum income
$35,000 p.a.
Residency
Australian citizen or permanent resident
Temporary residents
Eligible

Rates & fees

Ongoing interest rates

Cash advances
21.69% p.a.
Purchases
12.99% p.a.

Fees

Additional cardholder fee
$29
Annual fee
$99 p.a.
Cash advance fee
2.7% of the amount
Foreign transaction fee
3%
Late payment fee
$30

Repayments

Interest-free period
Up to 55 days on purchases
Minimum repayment
2% of the closing balance or $25, whichever is greater

Balance transfers

This card has no promotional balance transfer offer. To move existing debt to a lower rate, compare balance transfer cards.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

This card doesn't earn rewards points. It focuses on a low cost of ownership instead. If earning points matters to you, compare frequent flyer cards and rewards cards.

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Interest-free days55 daysTop 10% (6th of 192 cards)
Purchase rate12.99%Top 25% (45th of 196 cards)
Overseas fee3.00%Better than most (53rd of 200 cards)
Annual fee$99 a yearMiddle of the market (110th of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

Compare side by side

Browse by card type

Compare the Virgin Money Low Rate Credit Card against every other card in its category.

Low rateView all →

Questions and answers

No questions yet. Ask the first one about Virgin Money Low Rate Credit Card.

Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Government
Product reference data (Consumer Data Right)
Issuer
Virgin Money