The Virgin Credit Card Exclusive

Virgin Money has launched the new Virgin Credit Card Exclusive which is only available for two weeks through moneysupermarket.com. The card offers 0 per cent for 12 months on balance transfers (with a 2.98 per cent fee) and all card purchases, making it the perfect credit card to switch existing debts to and for everyday purchases. Once the introductory period ends, the rate reverts to 18.9 per cent APR (variable).

Virgin Credit Card Exclusive card holders gain access to a discount scheme through the Virgin Group, offering discounts such as 50 per cent off Virgin Balloon flights, 20 per cent off Virgin Experiences, 10 per cent off the cost of Virgin Holidays and access to a range of high street vouchers among other savings.

The card is available exclusively through moneysupermarket.com, Britain's number one comparison website in the UK, until 18 March.

Peter Harrison, credit card expert at moneysupermarket.com, said: "We are starting to see a little innovation from credit card providers after a period of inactivity. It is great to see Virgin developing a card with the customer in mind - as it can be used for different purposes, which is what a credit card was originally designed for.

"The Virgin Credit Card Exclusive card is the perfect card for everyday use and for transferring debts, meaning you only have to carry one card in your wallet. With other cards, because of the negative repayment hierarchy, you have to carry two cards - one for everyday use and one for balance transfers.

"Be aware of a couple of points with this product. If you are looking to transfer an existing debt to this card, it is issued through MBNA Europe, so you will be unable to transfer any existing debt from other cards in the MBNA group. Also don't use the card for gambling transactions, cash or cash equivalent transactions as you will be charged a higher rate of interest and these will be subject to negative payment hierarchy."