Virgin Money launches All Round Credit Card

Virgin Money has launched its All Round Credit Card, offering 16 months at 0% on balance transfers and 6 months at 0% on card purchases.

The all-round proposition of the card also includes low fees as well as a competitive APR to complement the balance transfer length and extended purchase period.

The card has a representative rate of 15.8% APR (variable).

The card offers 0% interest on balance transfers for 16 months from the date the account is opened. To qualify for the 16 month offer, balance transfers will need to be made within the first 60 days of opening the account (a 1.99% handling fee will apply).

The 0% retail introductory period is available for six months from the date that the account is opened.

Grant Bather, spokesman at Virgin Money, said: "Our newest card gives customers the freedom to spend for six months at 0% while also providing 16 months at 0% on balance transfers, offering card users flexibility around their card use.

"We wanted to offer all round good value to customers and with this card customers are given a competitive balance transfer length, extended purchase period and low fees, as well as a competitive APR."

"At Virgin Money our aim is to always offer a range of products that give customers great value and that are competitive in the market."

The Virgin Money All Round Credit Card has a 3% cash withdrawal handling fee, with a 4% fee on money transfers. It also has a standard BT fee of 2.89% (for transfers made after the first 60 days).

Card holders will also be able to take advantage of the Virgin Group discounts available with the card, including discounted holidays, flights, train travel, wine and one month's free gym membership.

To apply customers should go to virginmoney.com.