The Virgin Money Atlantic Travel Credit Card offers a compelling blend of rewards and travel benefits designed for frequent travelers and loyal Virgin Atlantic customers. With its attractive point system and the ability to earn bonus rewards on purchases, this credit card opens the door to exciting possibilities.
By choosing this credit card, you’ll not only gain access to Virgin Atlantic’s Flying Club and Virgin Red rewards program but also enjoy other key features like flight upgrades, discounts, and cashback. In this guide, we’ll break down the essential aspects of the Virgin Money Atlantic Travel Credit Card, including its annual fee, credit limit, and both the advantages and disadvantages you should consider before applying.
Key information about the credit card
How does the annual fee work?
The Virgin Money Atlantic Travel Credit Card comes in two versions: one with no annual fee and another with a £160 annual fee. If you’re opting for the no-fee version, it’s an excellent choice for users who want to avoid extra costs while still earning rewards. The 0.75 points per £1 spent on everyday purchases ensure you’ll benefit without worrying about fees stacking up.
How is the credit limit determined?
The credit limit for the Virgin Money Atlantic Travel Credit Card is based on your individual circumstances, with Virgin Money conducting a credit check when you apply. For conventional cards like this one, the credit limit depends on factors such as your credit score, income, and overall creditworthiness.
Advantages of the credit card
- Virgin Points on all purchases: With this card, you can earn points on everyday spending, adding value to routine purchases.
- Bonus points for Virgin purchases: Double your points when you spend with Virgin Atlantic or Virgin Holidays, allowing you to build up points faster for flights, upgrades, and more.
- Welcome bonus: You’ll receive bonus points on your first purchase within 90 days, helping you kickstart your points accumulation.
- Flight upgrades and companion tickets: Upon meeting spending thresholds, you become eligible for premium upgrades and companion tickets, offering an even better travel experience.
- Cashback options: Partner retailers provide cashback opportunities, further enhancing the value of your spending.
Standout advantage
The standout feature of the Virgin Money Atlantic Travel Credit Card is its ability to earn double points on Virgin Atlantic and Virgin Holidays purchases. This rewards structure is particularly advantageous for frequent travelers who prioritize Virgin Atlantic for their journeys.
Disadvantages
- Annual fee for the premium version: The £160 annual fee can be a deterrent for users who do not fly with Virgin Atlantic regularly or may not benefit from the higher rewards tier.
- High APR: With a representative APR of 26.9% variable, the interest rates are on the higher side, which could lead to significant interest costs if you carry a balance.
- Points capped based on credit limit: The points you can earn are capped according to your credit limit, meaning higher spenders may miss out on earning points beyond that limit.
A standout disadvantage
The primary drawback of the Virgin Money Atlantic Travel Credit Card is the cap on the points you can earn each month, which depends on your credit limit. For example, if your credit limit is £5,000, you will only earn points on the first £5,000 of purchases within a billing cycle. This limitation might be frustrating for high spenders who want to maximize their points accumulation but find themselves restricted by this cap.
Who can apply for this card?
The Virgin Money Atlantic Travel Credit Card is available to UK residents aged 18 or over, provided they meet the necessary creditworthiness criteria. Applicants must undergo a credit check during the application process, and their credit history will determine whether they are approved.
While this card does not specifically cater to those with poor credit, it is ideal for individuals with a good credit score and a stable income who are looking to enhance their travel experiences. If you have a strong credit profile and are a frequent traveler, especially with Virgin Atlantic, this card could be a valuable asset.
Those applying must also ensure they meet minimum income requirements set by Virgin Money. While the company doesn’t openly advertise specific income thresholds, it’s important to have a steady income to demonstrate your ability to manage credit responsibly. This card may not be as accessible to those with lower income or poor credit, as the application process involves a detailed review of your financial situation.
How to apply for the Virgin Money Atlantic Travel Credit Card
For the website
To apply for the Virgin Money Atlantic Travel Credit Card online, visit Virgin Money’s website and use their card eligibility checker to see if you pre-qualify. This tool will give you an idea of whether your application will be successful without affecting your credit score.
After that, you can proceed with filling out the full application form, which includes providing details such as your personal information, employment history, and financial status. Once submitted, Virgin Money will review your credit report and decide based on your financial circumstances. You should receive a response within a few days, along with your approved credit limit.
Through the app
Virgin Money also allows you to apply for the credit card via their mobile app, making it easy for tech-savvy individuals to manage the entire process from their smartphones. Download the app, create an account, and follow the steps to submit your application.
The app also offers additional functionalities, like tracking your Virgin Points, managing your spending, and checking your credit limit once the card is approved. If you’re someone who prefers digital banking, this option provides convenience and quick access to your credit account.
At the branch
Alternatively, you can apply for the Virgin Money Atlantic Travel Credit Card by visiting a Virgin Money branch or a partner store. This option might be more suitable for those who prefer face-to-face interaction or need help navigating the application process.
Once at the branch, a representative will assist you in filling out the application form and submitting your information. While this may take slightly longer than applying online or through the app, it provides a personal touch, and you can ask questions throughout the process to ensure you understand all the card’s terms and conditions.
