When choosing a credit card that provides something beyond the typical convenience of having a means to making your purchases, the Virgin Atlantic Credit Card is distinguishable from other options. This card has been crafted to ensure that the user gets to enjoy every spending spree and extra miles and points for frequent travelers and every day buyers.
In this article, we will look at the specifics of the Virgin Atlantic Credit Card, its main characteristics, the benefits and disadvantages of the card. We will give you more information on how you can apply and the conditions that have to be met to be eligible for the scholarship.
Key information about the credit card
How does the annual fee work?
Virgin Atlantic Reward Credit Card has no annual fee, which is an added advantage to card holders. This fee-free model enables you to obtain all the advantages and perks of the card without worrying about extra annual charges.
This is helpful for those who would like to earn rewards without having to pay an annual fee that might diminish their profits. On the other hand, the Virgin Atlantic Reward+ Credit Card has an annual fee of £160 which one has to pay.
How is the credit limit determined?
The credit limit of the Virgin Atlantic Credit Card is computed depending on your credit history, income, and other financial aspects. Once you have applied for Virgin Money credit card, the company will analyze your credit report to establish the extent of your creditworthiness and therefore, the credit limit that is reasonable for you.
Advantages of the credit card
- Earning Virgin Points: Each time you make a purchase you are rewarded with Virgin Points that you can use to get anything you want. Everyday purchases earn 0. 75 Virgin Points for every £1 spent; spending with Virgin Atlantic or Virgin Holidays will earn a customer 1. 5 Virgin points for every £1 spent.
- Bonus points: You receive 3000 bonus points when you make your first purchase within the first 90 days of opening the account with the Virgin Atlantic Reward Credit Card or 18000 bonus points with the Virgin Atlantic Reward+ Credit Card.
- Flight upgrades: Earn enough points that will help you to purchase the flight upgrades to Premium or Companion tickets to make your travel even better.
- Cashback: Get cash back when shopping with some of the best brands, offering you more for your money.
- No annual fee option: If you would rather not be tied into an annual fee, the Virgin Atlantic Reward Credit Card is an excellent choice that does not compromise on rewards.
Standout advantage
The first and perhaps the biggest strength of the Virgin Atlantic Credit Card is the earning of double points for every dollar spent on shopping with Virgin Atlantic or Virgin Holidays. This enhances the points accumulation in your account, thus making it easier to achieve the set reward targets.
Disadvantages
- Annual fee for Reward+ Card: The only disadvantage is that it requires a £160 annual fee for the Virgin Atlantic Reward+ Credit Card if one does not have enough spending power to cover for this cost.
- High APR: The card is accompanied by a high representative APR of 26. This can be quite expensive if you use the card and do not clear your balance at the end of the month since the interest rate is 9%.
A standout disadvantage
The main drawback of the Virgin Atlantic Credit Card is very high annual percentage rate (APR). At 26. It should be borne in mind that with this variable rate of 9%, it can sometimes lead to high interest charges provided one does not clear the entire balance.
Who can apply for this card?
The Virgin Atlantic Credit Card is rewarding those who are UK residents and at least 18 years old. There are certain requirements that must be met by the applicants, one of them being that the applicant must have a good credit history since the card issuer will do a credit check on the applicant.
This card cannot be issued to people who have/blacklisted in the credit report that is people with outstanding debts or even bankruptcy. Also, the applicants’ income will be checked to confirm whether they are in a position to repay the assigned credit limit.
How to apply for the Virgin Atlantic Credit Card
For the website
To apply for the Virgin Atlantic Credit Card you need to visit the Virgin Money’s website and follow the credit card link/ There, you will get all the specific information on the card and what you stand to gain from it. To start the application process, go to the “Apply Now” button and you will be led to an online application form.
Some of the details that you will be required to give include your name, address, and telephone contact, among other details, and your financial details like your income and employment status. After filling the form, pass it for review.
Through the app
Another fast and efficient way to apply for the Virgin Atlantic Credit Card is through the Virgin Money Credit Card application. First of all, open the App Store or Google Play and download the app and if you have no account, then create it. Go to the credit cards option and choose the Virgin Atlantic Credit Card.
The app will help you to fill in the application, providing you with the hints where and what information you need to enter. Another advantage of using the mobile app, is the management of your card, as well as tracking your points when the application has been approved. The app also gives a user information on the status of his or her application in real time.
At the branch
If you wish to make an application, you can do it in any of the Virgin Money store or branch. Use the store locator that is available on the Virgin Money website to get the nearest branch. In the branch, one is attended to by a customer care service personnel to help in the completion of the application.
Some of the documents that you are expected to present include identification documents and proof of income, this may include a payslip or bank statement. The representative will be there to guide you through the process of filling the application form and any other questions that you may have.
