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Virgin Credit Card have closed doors to new custom

Virgin Credit Card have closed doors to new custom

Old Apr 23rd 2008, 2:11 am
  #1  
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Default Virgin Credit Card have closed doors to new custom

It looks as though the highly successful Virgin Credit Card has now closed it's doors to new customers:

Link

I wonder if this is to do with the global credit crunch and the supply of credit drying up, if it has been too successful having a company offering a fee free card with no catches, or if it was just unprofitable.

Interesting. It would appear that Westpac are going to continue to run the existing Virgin cards without a change, so time will tell if they will be introduced with a fee.

I'm not sure who else offers fee free cards now.


S
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Old Apr 23rd 2008, 2:13 am
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Default Re: Virgin Credit Card have closed doors to new custom

Originally Posted by Swerv-o
It looks as though the highly successful Virgin Credit Card has now closed it's doors to new customers:

Link

I wonder if this is to do with the global credit crunch and the supply of credit drying up, if it has been too successful having a company offering a fee free card with no catches, or if it was just unprofitable.

Interesting. It would appear that Westpac are going to continue to run the existing Virgin cards without a change, so time will tell if they will be introduced with a fee.

I'm not sure who else offers fee free cards now.


S
Virgin say that Westpac will not begin charging for the card, and all the Mates Rates etc will continue to be offered.
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Old Apr 23rd 2008, 2:18 am
  #3  
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Default Re: Virgin Credit Card have closed doors to new custom

Probably not related but there are rumours of finance issues with Virgin Blue and Virgin America
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Old Apr 23rd 2008, 2:27 am
  #4  
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Default Re: Virgin Credit Card have closed doors to new custom

Originally Posted by Swerv-o
It looks as though the highly successful Virgin Credit Card has now closed it's doors to new customers:

Link

I wonder if this is to do with the global credit crunch and the supply of credit drying up, if it has been too successful having a company offering a fee free card with no catches, or if it was just unprofitable.

Interesting. It would appear that Westpac are going to continue to run the existing Virgin cards without a change, so time will tell if they will be introduced with a fee.

I'm not sure who else offers fee free cards now.


S

I'd better hang onto it.

Here are some more fee free cards

The bankwest one looks good.

Last edited by MartinLuther; Apr 23rd 2008 at 2:29 am.
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