Focus on: Free case of wine with Virgin 0% balance transfer card

If you fancy getting your hands on a free case of wine and you're also on the lookout for a 0% balance transfer card, you've only got a matter of days to snap up Virgin Money's balance transfer offer.

(Please note this offer has now expired.)

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Having teamed up with MoneySuperMarket, Virgin Money is offering new credit card customers a free case of wine plus 26 months interest-free on balance transfers. But this offer is only valid until August 31, so you'll need to act quickly if you want to take advantage.

What's the deal?

Virgin Money is offering new customers who take out its balance transfer credit card a free case of wine to the value of £55, providing they apply through MoneySuperMarket or via the Virgin Money website. You will receive an email with 21 days of your application being accepted, and you'll then be able to place your wine order. You can choose from a case of six red, white or rosé, or mixed wine, as below:

• 2 x Karu Estate Syrah 2011 (Chile)
• 2 x Les Hauts de L'Olivier Sauvignon Blanc 2011 (France)
• 2 x Karu Estate Syrah Rose 2012 (Chile).

Your wine will then be delivered within 14 days.

Non-wine-drinkers don't have to miss out either as they can opt for a Virgin Experience Days voucher instead, although this is up to a lower value of £35.

The Virgin Money balance transfer credit card offers 26 months 0% on balance transfers, with a 2.99% transfer fee, as well as six months interest-free on purchases. In addition, you'll be able to take advantage of discounts such as 5% off Virgin Holidays and 25% off Virgin Experiences.

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Who's it good for?

The Virgin Money balance transfer credit card is a great option for those who have expensive credit card debt to clear, providing it's not already sitting on a card from Virgin or MBNA. This is because you can't transfer debt between cards from the same provider or group of providers and Virgin's cards are issued by MBNA.

It's also a good choice if you'd like to get something back from your credit card and wine is your favourite tipple.

Any catches?

The main catch with the Virgin Money balance transfer credit card is that it's not market leading and can easily be beaten by the Barclaycard Platinum credit card with Extended Balance Transfer which offers a lengthier 28 months at 0% on debt transferred from another card. However, this deal comes with a higher fee of 3.5% compared to Virgin's 2.99%. On a debt of £5,000, that's a difference between paying £175 with Barclaycard and £149.50 with Virgin.

That said, Virgin's fee can also be beaten by the Nationwide credit card which has a fee of 2.4% (£120 on a debt of £5,000) and offers 26 months interest-free on balance transfers.

But neither the Barclaycard nor the Nationwide card offers an incentive for signing up.

As is typical of this type of credit card, as soon as the 0% window ends on the Virgin credit card, the representative annual percentage rate (APR) of 17.9% (variable) will kick in, so be sure to clear your balance before this happens.

What's the verdict?

The Virgin Money balance transfer credit card is a competitive option for anyone looking to shelter existing credit card debt from interest for more than two years, while also taking advantage of the additional benefits that come with this card.

Although the card is not market leading, its 26-month interest-free window and 2.99% fee are still attractive, and, providing you are confident you will clear your balance before the 26 months are up, it's an option well worth considering.

Top tip!

The most competitive credit card deals require an excellent credit score. If you're unsure whether yours is up to scratch, you can get hold of a copy of your credit report from one of the credit reference agencies which you can compare on our credit reporting channel. If your credit score isn't as good as it could be, take a look at these top tips on how to improve it.

Before applying for a credit card, it's also worth looking at our SmartSearch tool which will give you an idea of the credit cards you're more likely to be accepted for, without damaging your credit score.

Please note: Any rates or deals mentioned in this article were available at the time of writing. Click on a highlighted product and apply direct.

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