Virgin Money has extended the 0% balance transfer (BT) period on credit card from current 26 to 29 months, following which the interest rate reverts to standard rate of 18.9% per annum.
The 0% introductory period is valid for balance transfers made within the first 60 days of account opening, which carries a fee of 2.99%.
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The introductory offer also applies for money transfers, but carries a fee of 4%. After the introductory period, the interest rate reverts to standard rate of 20.9% per annum.
Virgin Money credit cards commercial director, Thomas Rebel, said they are delighted to offer their best ever balance transfer credit card.
"Credit card holders unaware of their current interest rate may be paying significantly more than they need to on any outstanding balance. The new Virgin Money 29 month 0% balance transfer deal is great for customers who are looking for some extra breathing space to pay down their debt.
"Virgin Money is also one of the few credit cards in the UK offering a Money Transfer service. Having the option to transfer cash directly from your credit card to your current account can help customers with unexpected costs or can be used to pay off an overdraft at a better rate. Almost forty per cent of people value the features and benefits of money transfers," Rebel added.
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