Virgin Money has rolled out the longest-ever balance transfer credit card, which offers 40 months interest-free on both balance and money transfers.
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The new credit card will come with a one-off transfer fee of 2.99% in case of balance transfers, and a one-off transfer fee of 4% in case of money transfers.
At the same time, it will also offer three months interest-free on purchases.
The introductory rates will be applicable to any balance and money transfers made within the first 60 days of opening an account.
Virgin Money director of credit card products and operations John Natalizia said: "Virgin Money has spent the last twenty years disrupting UK financial services, and we are delighted to continue that tradition with the launch of our 40 month credit card.
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By GlobalData"Our new card offers customers a market-leading interest-free period for both balance and money transfers. As with most chart-toppers, it will only be there for a limited period and we’re limiting ours to twenty days, so anyone interested will need to act quickly."
The company has also cut down balance transfer fees on its 32 month credit card from 1.75% to 1.50%. The card will provide interest-free balance transfers and money transfers for 32 months.
