05 Jan
Maximise Savings with Virgin Money Cashback
January 05, 2024
Are you looking for a way to boost your savings while enjoying your everyday spending? Look no further than Virgin Money Cashback! With our exclusive cashback offers, you can earn rewards on your purchases, making every pound count. Whether you’re shopping for groceries or filling up your tank, we’ve got you covered. Our cashback rewards program is designed to help you save more while enjoying the things you love. Discover the financial benefits of Virgin Money Cashback today and start maximising your savings.
Key Takeaways
- Earn rewards on your everyday spending with Virgin Money Cashback.
- Enjoy cashback offers on food shopping and fuel purchases.
- Shop at popular UK supermarkets and petrol stations to qualify for cashback.
- Switch to the Virgin Money M Plus Account or Club M Account to unlock cashback benefits.
- Take advantage of other financial benefits like competitive interest rates and a travel-savvy debit card.
Qualifying for the Virgin Money Cashback Offer
To qualify for the Virgin Money Cashback offer, customers need to apply for either the Virgin Money M Plus Account or the Virgin Money Club M Account online or through the Virgin Money mobile banking app. They also need to complete a full switch using the Current Account Switch Service, which includes transferring at least two Direct Debits to the new account.
Additionally, customers must sign up to Virgin Money in the mobile banking app and deposit a minimum of £1,000 into the linked savings account within 45 days of opening their new account. Once eligible, new customers will receive an email confirming their eligibility and can start earning 25% cashback on their UK supermarket and fuel spending within the next 60 days. The cashback will be paid into the customer’s cashback account within 35 days of each qualifying spend.
Qualification Process:
- Apply for the Virgin Money M Plus Account or the Virgin Money Club M Account online or through the Virgin Money mobile banking app.
- Complete a full switch using the Current Account Switch Service and transfer at least two Direct Debits to the new account.
- Sign up to Virgin Money in the mobile banking app.
- Deposit a minimum of £1,000 into the linked savings account within 45 days of opening the new account.
- Receive an email confirming eligibility.
- Start earning 25% cashback on UK supermarket and fuel spending within 60 days.
- Get the cashback paid into the cashback account within 35 days of each qualifying spend.
Once qualified, customers can enjoy the benefits of the Virgin Money Cashback offer and earn rewards on their everyday spending.
Benefits of the Virgin Money M Plus and Club M Accounts
The Virgin Money M Plus and Club M accounts offer more than just cashback savings. With these accounts, you can enjoy a range of additional benefits that make managing your finances easier and more convenient.
Travel-savvy Debit Card
One standout feature of the Virgin Money M Plus and Club M accounts is the travel-savvy debit card. This card is perfect for your trips abroad as it doesn’t charge any fees for overseas spending or withdrawal fees on foreign currencies. Whether you’re shopping or dining overseas, you can use your debit card without worrying about additional charges eating into your budget.
With the travel-savvy debit card, you can explore new destinations and make the most of your travel experiences while keeping your finances in check.
Full Digital Servicing
Both the Virgin Money M Plus and Club M accounts provide full digital servicing, giving you 24/7 access to your accounts from the convenience of your smartphone or computer. You can view your transactions, check your balance, and manage your finances with ease, anytime and anywhere.
Mobile Cheque Deposits
Forget the hassle of physically visiting a bank branch to deposit a cheque. With the Virgin Money M Plus and Club M accounts, you can simply use the mobile cheque deposit feature. Snap a photo of your cheque through the mobile app and deposit it directly into your account. It’s quick, convenient, and saves you time.
Savings Pots
To help you reach your savings goals, both accounts offer savings pots. You can set up separate pots for different purposes, such as holidays, emergency funds, or home improvements. This feature allows you to effectively manage your savings and track your progress towards your financial goals.
Budgeting Tools and Transaction Tagging
The Virgin Money M Plus and Club M accounts come with budgeting tools that help you stay on top of your spending. You can set spending limits, categorize your transactions, and track your expenses to get a clear picture of where your money is going. With transaction tagging, you can easily identify and analyze your spending patterns, making it easier to make informed financial decisions.
Cashback Rewards Program
Of course, one of the standout benefits of these accounts is the cashback rewards program. By switching to the Virgin Money M Plus or Club M accounts, you can earn cashback on your everyday spending at UK supermarkets and petrol stations. This allows you to save money on your essential purchases while maximizing your savings effortlessly.
Competitive Interest Rates
Switching to the Virgin Money M Plus or Club M accounts not only unlocks the cashback rewards program but also provides you with competitive interest rates on your balances. For balances up to £1,000, you can enjoy an interest rate of 2.02% AER variable, while the linked savings account offers an interest rate of 1.171% AER variable on balances up to £25,000. By making the most of these interest rates, you can make your savings work harder and grow over time.
Benefits of the Virgin Money M Plus and Club M Accounts
| Benefits | Virgin Money M Plus Account | Virgin Money Club M Account |
|---|---|---|
| Travel-savvy Debit Card | ✓ | ✓ |
| Full Digital Servicing | ✓ | ✓ |
| Mobile Cheque Deposits | ✓ | ✓ |
| Savings Pots | ✓ | ✓ |
| Budgeting Tools and Transaction Tagging | ✓ | ✓ |
| Cashback Rewards Program | ✓ | ✓ |
| Competitive Interest Rates | ✓ | ✓ |
Make the most of these benefits by switching to either the Virgin Money M Plus Account or the Virgin Money Club M Account. Start enjoying the convenience, savings, and rewards that come with these accounts today.
Virgin Money Cashback and Savings Rates
| Account | Savings Rate |
|---|---|
| M Plus Saver | 3.55% AER on balances up to £25,000 |
| M Plus Saver | 2.52% AER on balances above £25,000 |
Earn Cashback and Manage Your Finances with the Virgin Money App
The Virgin Money mobile banking app offers a range of features designed to help you earn cashback and effectively manage your finances. With just a few simple steps, you can start maximizing your savings and enjoying the benefits of the Virgin Money Cashback program.
Register for Cashback
To begin earning cashback, simply register for the cashback rewards program within the Virgin Money mobile banking app. This straightforward process allows you to start earning cashback on eligible purchases and take full advantage of the program’s benefits.
Track Latest Cashback Offers
The app provides a convenient platform to keep track of the latest cashback offers. You can receive real-time updates on participating retailers and their cashback rewards, ensuring you never miss out on lucrative opportunities to save.
Automatic Cashback Earning
When you make purchases with participating retailers, the Virgin Money app will automatically apply the cashback to your account. This seamless process ensures that you effortlessly earn the rewards you deserve without any additional steps or hassle.
Budgeting Tools for Financial Control
The Virgin Money app goes beyond cashback rewards by offering powerful budgeting tools. With these tools, you can set spending limits, establish savings goals, and maintain control over your finances. Track your income and expenses, allocate funds to different categories, and gain valuable insights into your financial habits.
Transaction Tracking and Categorization
The app provides comprehensive transaction tracking and categorization features, allowing you to easily review and manage your spending habits. Quickly identify trends, monitor your expenses, and make informed decisions about your budget.
Access Exclusive Features and Extras
By using the Virgin Money app, you gain access to exclusive features and extras designed to enhance your financial experience. Explore exclusive ISAs, manage your bills efficiently, and unlock additional benefits that align with your financial goals.
Don’t miss out on the convenience and rewards offered by the Virgin Money mobile banking app. Install the app today and start earning cashback, managing your finances, and maximizing your savings effortlessly.
Conclusion
Virgin Money Cashback offers customers a great opportunity to maximize their savings and earn rewards on their everyday spending. In the face of the current cost of living crisis in the UK, this cashback promotion provides valuable benefits that can help customers feel more financially secure.
By switching to either the Virgin Money M Plus Account or the Virgin Money Club M Account, customers can take advantage of earning 25% cashback on their food shopping and fuel purchases at a wide range of UK supermarkets and petrol stations.
In addition to the cashback rewards program, these accounts provide other financial benefits that can help customers further maximize their savings. These include competitive savings rates, the convenience of a travel-savvy debit card that doesn’t charge fees for overseas spending or withdrawal fees on foreign currencies, and a feature-rich mobile banking app equipped with budgeting tools and transaction tracking.
Make the most of Virgin Money Cashback to unlock the full potential of your spending and effortlessly boost your savings. Don’t miss out on this opportunity to enjoy the multiple financial benefits that come with the Virgin Money Cashback program.
FAQ
How can I qualify for the Virgin Money Cashback offer?
To qualify for the Virgin Money Cashback offer, you need to apply for either the Virgin Money M Plus Account or the Virgin Money Club M Account online or through the Virgin Money mobile banking app. You also need to complete a full switch using the Current Account Switch Service, which includes transferring at least two Direct Debits to the new account. Additionally, you must sign up to Virgin Money in the mobile banking app and deposit a minimum of £1,000 into the linked savings account within 45 days of opening your new account. Once eligible, you will receive an email confirming your eligibility and can start earning 25% cashback on your UK supermarket and fuel spending within the next 60 days. The cashback will be paid into your cashback account within 35 days of each qualifying spend.
What benefits do the Virgin Money M Plus and Club M accounts offer?
The Virgin Money M Plus and Club M accounts offer more than just cashback savings. They come with a travel-savvy debit card that is perfect for trips abroad, as it doesn’t charge fees for overseas spending or withdrawal fees on foreign currencies. The accounts also come with full digital servicing, mobile cheque deposits, savings pots, budgeting tools, and transaction tagging to help you keep track of your spending. In addition to the cashback rewards program, switchers to these accounts can also benefit from competitive interest rates, such as 2.02% AER variable on balances up to £1,000 and 1.171% AER variable on the linked savings account for balances up to £25,000.
What are the savings rates for the Virgin Money M Plus and Club M accounts?
In addition to the cashback rewards program, customers who open the Virgin Money M Plus Account can also take advantage of the M Plus Saver, which offers competitive savings rates. The M Plus Saver provides a 3.55% AER on savings balances up to £25,000 and 2.52% AER on any balances above £25,000. The interest is paid quarterly. Customers can start saving with as little as they like and have the freedom to pay money in and take it out whenever they want, with no fees or charges. By linking the M Plus Saver to the M Plus Account, customers can watch their money grow with in-credit interest on both accounts, maximizing their savings potential.
How can I earn cashback and manage my finances with the Virgin Money app?
The Virgin Money mobile banking app is packed with features to help you earn cashback and manage your finances. You can easily register for cashback in the app and start earning on eligible purchases. The app also provides a convenient way to keep track of the latest cashback offers, with automatic cashback earning when spending with participating retailers. In addition to the cashback rewards program, the app offers budgeting tools to set spending limits and savings goals, as well as transaction tracking and categorization. You can also access other features and extras like exclusive ISAs and bill management through the app.
How can I maximize my savings with Virgin Money Cashback?
Virgin Money Cashback offers you a great way to maximize your savings and earn rewards on your everyday spending. By switching to the Virgin Money M Plus Account or the Virgin Money Club M Account, you can earn 25% cashback on your food shopping and fuel purchases at various UK supermarkets and petrol stations. In addition to the cashback rewards program, these accounts offer other financial benefits like competitive savings rates, a travel-savvy debit card for overseas spending, and a mobile banking app with budgeting tools and transaction tracking. Take advantage of Virgin Money Cashback to unlock the power of your spending and boost your savings effortlessly.
Source Links
- https://www.virgin.com/about-virgin/latest/get-cashback-on-food-and-fuel-with-virgin-moneys-new-current-account-offer
- https://uk.virginmoney.com/current-accounts/m-plus-saver/
- https://uk.virginmoney.com/current-accounts/pca/
