Virgin Review on its Pay As You Go Currency Card
Virgin Card Review
Which Prepaid Card Summary?
The Virgin travel card is unlike credit cards, a Virgin Prepaid Travel Money Card application isn't dependent on credit checks or earnings, so if you are over 18 and a UK resident you can apply.Plus as well as sending on your main card you get a free card for use in emergencies. You only need to activate it if you lose your main Virgin Prepaid Visa Card. It's accepted wherever you see the Visa brand mark,
Virgin Prepaid Card Review
What's not so good?
Not a lot! But, when you apply for a card Virgin are legally obliged to verify your identity. If Virgin can't confirm your identity Virgin will send you a 'restricted' card. This simply limits the amount you can initially load onto the card to $1,000/€1,000, and the maximum balance you can have on the card at any time is $2,500/€2,500.
Application Process - 5 star prepaid rating
Well, like most Virgin products, the application process if first class. It's easy to apply and pay for your Virgin Visa card, and it will arrive on the door mat in no time at all. You'll need to choose either a Euro or US Dollar card. The minimum initial payment onto the card is £100 and this can be paid by debit or credit card. The minimum top-up is $100/€50. The debit/credit card needs to be registered to the same address as your travel card.
Card Designs - 3 star prepaid rating
Only one card design is available, but does it matter? Its red, and it says Virgin on the front. What more could you want.
Fees - 4 star prepaid rating
The Virgin Travel card has a clear set of charges when using the Visa card abroad.
|Transaction||Euro Card||US Dollar Card|
|Card application fee|
|Fee for a transaction in your card currency|
|Fee for a transaction not in your card currency|
|Cash withdrawal in your card currency|
|Cash withdrawal not in your card currency|
3.5% plus €1.50
3.5% plus $2
|Topping up your card by debit card|
|Topping up your card by credit card|
|Replacement card/additional card (in addition to your free emergency card)|
With the Virgin Prepaid Travel Money Card there's no fee for making a transaction in your card's currency. So you won't pay a fee when spending on your Euro card in a country which has the Euro as its currency. And you won't pay a fee for spending on your US Dollar card in any US state. It is worth noting that currency exchanges are still subject to the difference between buying and selling rates which will fluctuate over time.
Self Servicing - 4 star prepaid rating
You can update your personal details, check your balance, review your recent transactions and add new cardholders, all via the Virgin Money website..
MBNA Europe Bank Limited issues the Virgin Prepaid Card Date Reviewed: March 2011