0% Balance Transfers for 16 months....im in (Virgin Mastercard)

Member Name: danieljamesphoto

Product:	Virgin Mastercard
Date:	30/12/08 (25 review reads)
Rating:

Advantages: 0% balance transfers for 16 months, 0% on purchases for 6 months

Disadvantages: high rate after the offers expire (get out before they end!!)

Having had the credit card crunch start to kick in majorly on my business credit card i decided to do something about it since i pay £50 a month off on a £2000ish balance (only £25 or so was actually going off the card). I have been recommended to Virgin by someone from the Money Saving Expert forums who told me if i move my balance over (16 months 0% on Balance Transfers with Virgin) then i will save a fair few hundred pounds.

Sounds great so i decided to apply. Due to the current economic climate i thought i would be refused but luckily i was accepted in around a week (not bad time wise) and the person on the phone was nothing short of fantastic when it came to sorting transfers over etc. The wait time to talk to an adviser wasn't bad and he was very friendly which i must say put me at ease.

I am planning to set up a direct debit on it to ensure i don't loose the 0% offer and hope that it will be smooth sailing, but, despite some of the other scathing reviews on here i must say that so far they have been really good with me. Just my $0.02 there, i'll update this if i have any problems etc

Summary: great offers but be careful to follow the terms or the interest will sting