If you want to be one of the first Australians to take advantage of the new virgin credit card, then you want to make sure that you have all the information you need and you are prepared for your application to ensure you are successful and that your card arrives as soon as possible. Therefore read on to find out how to apply for the new Virgin credit card, and whether you are eligible.
How To Apply For The Virgin Credit Card
The new virgin credit card has yet to be relaunched in Australia, however after a partnership between Virgin Money and Citibank Australia the new Virgin card is set to be released in early 2010. Therefore the first steps you will need to make any application process is to register for relaunched updates so you can be sure you know when the card has become available, and you can be one of the first in Australia to apply. When it comes time to fill in your Virgin credit card application, you will need to:
- Choose your application method. You can apply online or over the phone or you can request Virgin to post a form to you to fill out when you have the time. Applying online or over the phone takes just 10 minutes and you will be contacted by Virgin in 1 to 2 weeks with the progress of your application. You may also need to send in paperwork to verify your identity and that of your additional cardholder if you have chosen to have one.
- Provide your financial details. This means you will need to include your income, your existing credit card limits and balances, and your expenses. This will help Virgin determine whether you can afford a credit card, and help them decide on a limit which best suits your needs.
- Identification details. This is usually your driver’s licence information if you have one. If you don’t you’ll need to provide another form of identification, either a proof of age card passport or other bankcards or bills.
- Additional cardholder details. If you are planning to add an additional cardholder to your Virgin credit card, after all it is free, you will need the personal details and contact information of that person too.
- Balance transfer details. If you are taking advantage of the 0% interest balance transfer offer for six months on the new Virgin credit card you will need to provide the card number and the amount you want to transfer from your existing credit card or cards.
- You will need to agree to the fine print. As with any new credit card application you need to agree to the fine print of the fees and usage relating to your new Virgin credit card. When you apply you are consenting that Virgin can share your credit information with a credit reporting agency, for the full terms and conditions get to know all of the Virgin fine print.
Are You Eligible To Apply For The Virgin Credit Card?
Most credit cards will have minimum income and expense requirements, as well as age limits and other identification parameters which you need to meet to be eligible to apply. If you are interested in applying for the Virgin credit card, make sure you understand the following conditions:
- You may not be eligible if you rent or board.
- You may not be eligible if you own a home and have been living in that property for less than two years you may not be eligible.
- You may not be eligible if you earn less than $40,000 a year after tax.
- You may not be eligible if you can’t prove your income using payslips or an income tax assessment.
- You may not be eligible if you have been in your current job for less than a year.
- Must be over 18 years old.
- Must be a permanent Australian resident.
- Must have a good credit history.
Before you go off to collect all of the information you need for your Virgin credit card application, make sure you register for the Virgin credit card relaunch updates here, so you can be one of the first Australians to enjoy the next generation of Virgin Money services.
This post was written by...
Timothy – who has written 8 posts on FY Money Box.
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