Name of the Organization : Virgin Money South Africa (Pty) Ltd
Type of Facility : Apply for a Virgin Money Credit Card
Apply for a Virgin Money Credit Card
** You can easily apply online or you can call us on 0861 822 273 to find out how you can get one for yourself.
Related : Compuscan Check Your Credit Card Status : www.southafricain.com/11093.html
Benefits
** No monthly or annual service fees
** No card swiping charges
** Free face-to-face delivery
** 55 days interest free
** Credit interest of 2.25% per annum
** Free automatic Lost Card Insurance
** Free automatic Basic Travel Insurance with the option of Additional Top Up Cover
Features
** Choose a credit card design that best suits your personality
** Choose up to three additional cards linked to your main account
** Opt for a Car Card™ as a value add
** A personalised limit based on your credit score
** 3D Secure protection when you use your card for online shopping
** Exclusive access to Virgin Money Rewards
Qualifying criteria
** Getting a Virgin Money Credit Card could never be easier.
To apply you need to :
** Be 18 years and older
** Earn a monthly personal income of R5 000 or more a month
** Be a South African resident with a bar-coded ID book or ID card
** Have a South African bank savings or cheque account
Pricing Information
** We can brag about our pricing structure until we run out of freebies to throw at you. We don’t charge annual card fees, monthly service fees, internet banking fees or swiping fees at any point-of-sale. We also have a very simple structure for withdrawals, enquiries, deposits and replacement fees.
Interest rates :
** As long as you pay your full outstanding balance by the due date shown on your statement you won’t pay a cent interest on your swiped purchases. This means you could have up to 55 days interest free on your swiped purchases. After this you will be charged the rate that applies at the time.
** Here is where you need to pay attention as there are different rules that apply, depending on when you were contracted and subject to repo changes.
The following interest rates are applicable from 28 July 2017
Account opened after 6 May 2016
Debit balances: 20.75%
Account opened after 1 June 2007 – 5 May 2016 (National Credit Act)
Debit balances: 15.25% – 19.25%
Account opened before 1 June 2007 (Usury Act)
Average debit balance of R10 000 or more: 17%
Average debit balance less than R10 000: 20%
** The interest free period does not apply to Car Card™ transactions, balance transfers, cash withdrawals or casino transactions, as interest is charged from the date of the transaction until the date your related payment is received.
** Keep a positive balance on your account and reap the rewards. You get 2.25% interest per annum from the moment you deposit money into your account.
** In addition to the sweet deal above, we charge a variable rate linked to the repo rate. This means when the interest rates are low you will continue to benefit from the low rate.
Fees :
** We have your best interest at heart that is why we don’t burn any holes in your pockets with exorbitant card fees. We pride ourselves for excelling in providing the best service and deals that always leave you as the winner in the end.
We have a simple, flat fee structure. As an exclusive Virgin Money Credit Card holder you get the following pricing benefits :
** Secondary cards are free of charge
** Once-off initiation fee: R165.00
** ATM enquiries and mini statements: R7.50
** ATM withdrawals (local): R24.00
** ATM cash deposits: R35.00
** Cheque and cash deposits at any Absa branch: R60.00
** Cash withdrawals at any Absa branch: R61.00
** Lost card administration fee R165.00 (We may charge a replacement card fee or lost card administration fee at our own discretion)
** Card replacement fee R165.00 (We may charge a replacement card fee or lost card administration fee at our own discretion)
** NotifyMe: R0.55
** Currency conversion fee: 2.75% (of the Rand value of the transaction) applies to any transaction outside of South Africa.
** Cashback at point-of-sale: R4.50
** The fees above are effective from 1 January 2018.
Other fees :
** ATM or branch fund transfers (at any Absa branch): R7.50
** Bank cheque fee: 2%
** Invalid disputes fee – domestic transactions: R50.00
** Invalid disputes fee – international transactions: R120.00
** Unpaid debit order or cheque fee: Free
** Car Card™ (Garage card) transaction fee: R5.50
** Duplicate statement fee: R5.00 per request; R1.00 per page (maximum R50.00)
** Same-day card delivery: R455.00
** Overseas ATM/counter cash withdrawal: R25.00
** ATM account payment (Absa only): Free
** The fees above are effective from 1 January 2018.
Savvy Tips
** Quit standing in queues to pay your monthly accounts. Automatic recurring payments save you time, are very convenient as your accounts can be paid automatically every month. Simply contact the companies you need to pay and provide them your Virgin Money Credit Card details to ensure that your accounts are paid on time, every month
** Marketing consent is vital to ensure we can contact you regarding exciting new offers and promotions
** Ensure that you receive SMSes relating to deposits, purchases and payments made to your account. This will help you stay in control of your account by alerting you should any fraudulent transaction take place. Sign-up today for NotifyMe SMSes. Low fees apply
** You can also sign-up for an automatic annual credit limit increase to ensure that your card keeps up with your purchasing needs
** Forgot your Card PIN? – No problem, call Virgin Money Credit Card on 0861 822 273 and select option 6 to have your PIN read back to you.
How to register
To register for the Virgin Money Credit Card Online service, follow these simple steps :
** You will be required to enter your new credit card number and PIN, email, ID number, title, name and surname, to register for the Online Banking service
** You will be required to accept the Terms of Use
** You will then have to capture and confirm your password
** Once you have entered this information, SureCheck will be sent to your cell number. In the event that you do not receive this, you have the option to request a SureCheck resend
** If you do not receive SureCheck, a transaction verification number (TVN) will be sent to you
** To register, please go to Online Banking and select the “Registration” menu option
Choose Your Card
** You have the option to choose a Credit Card design that best suits you.
** Plus, you can also choose up to 3 additional secondary cards that will be linked to your main account. This way your loved ones can all spend from your main account – you decide who.
** And to make sure you don’t need to carry cash for petrol – you also have the option to have a Car Card™. This card will also access money from your main account.
FAQ On Virgin Money Credit Card
Here are some frequently asked questions (FAQ) about Virgin Money Credit Card:
Q: What type of credit card is Virgin Money Credit Card?
A: Virgin Money Credit Card is a Visa credit card, which can be used at any merchant that accepts Visa cards, both in South Africa and internationally.
Q: What are the benefits of Virgin Money Credit Card?
A: Virgin Money Credit Card offers a range of benefits, including cashback rewards, travel benefits, and exclusive access to events and experiences.
Q: How do I apply for a Virgin Money Credit Card?
A: You can apply for a Virgin Money Credit Card online or by visiting a Virgin Money store. The application process typically involves providing personal and financial information, such as your income and credit history.