Sir Richard Branson is at it again! The owner of Virgin Atlantic airline has now released a credit card (his first entry into the world of credit card lending). What the Virgin credit card does for the consumer is provide the cardholder with benefits while keeping things simple for them.

While other credit cards have convoluted terms and conditions and have rewards programs that are very hard to cash in, the Virgin credit card is simple and easy to understand and pursues a transparent approach that has credit card consumers raving about it.

We all know that Sir Richard Branson makes waves wherever he decides to plant his flag and the Virgin credit card is no difference. If you are interested in this credit card, I would suggest you fill out the Virgin credit card application online.

 As with any type of credit card, the best way to apply is online. This is so you can see the different options and rewards of the credit card as well as all of the important items such as interest rate and annual fee. The best part is that you get a decision right away and if approved, you can get your card in as little as a few days.

 The Virgin credit card compares very well to its competition. One of the biggest reason for this is that it does not charge an annual fee whereas most of its competitors do.

The interest rate charged on the card is also very competitive as well. There is a 0% interest rate charged on all purchases in the first three months after opening the account. The average APR charged on the card is less than 17% which is not too shabby given our current economic climate. As with any credit card, if your credit score is higher and your credit history is better, you will enjoy lower interest rates.

The best feature of this card is its credit card balance transfer system. The card allows a 0 APR balance transfer for 16 months. This means that no interest will be accrued on the balance transferred to the Virgin credit card during that time period and allows you to pay the balance down as quickly as possible. When combined with the competitive interest rate, this card just keeps getting better and better.

 Not to be outdone by its competition, the Virgin credit card rewards program is also better than its competitors. Other credit card rewards give points that accumulate based on the purchases made. The points are then redeemed but face severe restrictions. The Virgin credit card rewards program offers discounts on products ( rather than redeeming points). And these discounts are not just in one area (such as airlines, gasoline, etc…). You could use your discounts on entertainment, travel, vacations or even food.

If you are looking for other credit card resources you might find these to your liking;

The Virgin credit card is an attractive credit card for consumers. Be aware that it is only available in the UK, Australia and South Africa right now. But if you want to get one, make sure you apply for it online.