British lender Virgin Money has unveiled two new money transfer credit cards as well as slashed the balance transfer fee on its 37 month balance transfer credit card to 2.59%.

The new 36 month credit card provides 0% interest on money transfers, with a one-off transfer fee of 2.39% as well as three months interest-free on purchases.

The new 32 month credit card offers 0% interest on money transfers, with a one-off transfer fee of 1.69% and three months interest-free on purchases.

The 37 month credit card offers 0% interest on money transfers, with a one-off transfer fee of 4% and three months interest-free on purchases.

Virgin Money said that the introductory rates will be eligible for both balance as well as money transfers made within the first 60 days of account opening.

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Virgin Money director of credit card products and operations John Natalizia said: "The launch of the two new credit card options and the reduction to the balance transfer fee on our popular 37 month balance transfer card is more great news for customers.

"All three cards offer 0% interest on purchases for the first three months, while the two new money transfer cards offer 0% interest on money transfers for 36 and 32 months respectively."