Virgin offer 15-month 0% balance transfer

Virgin offer 15-month 0% balance transfer

Virgin has increased its 0% deal on balance transfers to a market-leading 15 months.
Halifax launch 22 month 0% balance transfer credit card

Halifax have launched a new balance transfer credit card that offers 0% interest on balance transfers for 22 months.

Thursday, 19 July 2007 12:00

Virgin has increased its 0% deal on balance transfers to a market-leading 15 months.

There is also a three-month interest-free deal for new purchases.

"Virgin Money already holds the top spot of the charts with its 13 month 0% balance transfer deal, and by extending this to an impressive 15 months, its certainly pulling away from the pack of 12 month deals offered by its competitors," said Michelle Slade, personal finance analyst at Moneyfacts.co.uk.

There is a 2.98% balance transfer fee attached (min £3) and after the interest-free period ends the interest rate on the card reverts to 15.9%.

"Such a competitive deal may not stay around for long, so if it's a 0% balance transfer deal you are looking and the term is important to you then this deal simply cannot be beaten," said Ms Slade.

Twitter: My Finances