Virgin 0% balance transfer card with no transfer fee

Virgin Money has launched a new credit card with a nine month 0 per cent introductory rate for balance transfers and no balance transfer fee. The card is available exclusively from moneysupermarket.com for a limited period only. The card also has a 0 per cent introductory period for purchases for three months.

At the end of the introductory periods the rate reverts to a typical APR of 16.6 per cent.

Peter Harrison, credit cards expert at moneysupermarket.com, said: "Whilst there are still a number of cards with a 0 per cent introductory rate for balance transfers there are very few that no longer charge a fee. For borrowers that can clear their balance within the nine month introductory period this card is excellent value for money."