Virgin Money and Virgin Atlantic Credit Cards:
We will repay balances with the highest interest rates, before repaying those with lower interest rates.
Where we charge interest on multiple promotional balances at the same rate, we will pay off the balances in the order that the promotional offers expire (for example, a balance with a promotional rate that ends in two months time will be paid off before one that ends in six months time).
Where promotional offers expire at the same time, we will pay off the balances in the following order: Money Transfers, Balance Transfers, Card Purchases. We will always pay off existing balances that appear on your credit card statement, before any new transactions that you have made, but are not yet shown on a statement.
Virgin Money Slyce Credit Cards:
Each month your payment option window opens when you receive your monthly statement. We'll let you know in the Virgin Money Credit Card app (and also by email). This is where you tell us what you want to do with your monthly balance either by paying it off in full or putting it into an instalment plan.
To make sure you stay on track with your repayments, every month we ask you to pay your Requested Payment. This includes the total of all your existing instalment plans and any applicable fees (for 9 and 12 month plans). It will also include any extra payments you have chosen to make during the payment option window.