In order to apply for a Virgin Money credit card you need to be 18 years or older and earn at least R5000 per month. You also have to be a permanent South African resident, who has a green bar-coded ID document and a cheque or a savings account.
The interest charged on your Virgin Money credit card will depend as it is linked to the repo rate.
You get 25 days at the end of every month to settle the outstanding balance on your Virgin Money credit card, after that, you’ll be charged the interest rate that is applicable at the time. The best part about your Virgin Money credit card is, of course, the fact that fees will be kept at a minimum.
There is no annual card fee and no fee to be part of the world of Virgin Money VIP and, of course, no fee for using Virgin Money Online. Lastly, there are no fees on when you swipe your Virgin Money credit card either. How much credit you are given will depend on your credit score, your credit score is determined by a variety of different factors.
Keep in mind that you need to stick to your limit and pay the minimum amount due on your Virgin Money credit card every month in order to keep your credit record in good standing. Your credit limit on your Virgin Money credit card might increase or decrease, depending on how well you pay your credit card.