November 17, 2010 Virgin Money this week extended the 0% introductory period on its balance transfer credit card from 14 months to 16 months. Once the introductory period ends it reverts to a typical interest rate of 18.9% (variable). Balance transfers attract a fee of 2.89% and the introductory rate only applies to transactions made within 60 days of the account opening date. The new card also offers 0% interest on card purchases for three months. Scott Mowbray, spokesman for Virgin Money said: "We're delighted to offer a new and improved balance transfer deal to help customers manage their money. A customer transferring £2,000 from a card with an interest rate of 17.9% could save themselves £385 over 16 months including the balance transfer fee of 2.89%"2. All new Virgin Money Credit Cards will incorporate contactless technology allowing customers to pay for items worth up to £15 just by swiping their card. Full information on the range of Virgin credit cards can be found at http://uk.virginmoney.com/credit-cards/ , and it is also possible to apply online at the same address. ### Contact We're here to help.