Virgin credit card customers might be delighted to
note that the lender has decided to extend a special offer on one of its
products.
In news that may also be pertinent
to anyone with a Virgin ISA, the financier has announced
the zero per cent introductory period on its balance transfer credit card has been lengthened from 14 months to 16
months.
Following this timeframe, the package
then reverts to a typical variable interest rate of 18.9 per cent, with
subsequent balance transfers having an attached fee of 2.89 per
cent.
However, in addition, the credit card
offers zero per cent interest on all purchases made within three months,
while all new Virgin products of this nature will also incorporate
contactless technology, meaning items worth up to £15 can be
bought without the need for a pin number.
Jasmine Birtles of Moneymagpie.com said recently it is important for
people to openly discuss their credit card debts rather than hide away
from them.
Meanwhile, The AA has added a bonus to
its credit card packages.
Motorists concerned about
the rising cost of fuel in the UK may wish to explore the possibility
of taking out an AA credit card.
This is because
the organisation - which also offers products such as car insurance - is
offering a return of up to four per cent for its credit card holders in
a specialist points reward scheme on purchases of petrol and
diesel.
The AA's decision to introduce this
offer is based largely on the fact that the fuel duty was increased by
one pence by the government as of the beginning of
October.
Mark Huggins, director of the
company's financial services department, commented that the
recent trend of rising fuel process has resulted in a two-car family
paying out £23 more on petrol and diesel than 12 months
ago.
An expert from Moneyfacts said recently that
using a credit card wisely over the festive period might be a good way
to fund Christmas.
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