Banking group Virgin Money has launched a new credit card offering a “buy now, pay later” style service.
In Brief:
The new card will be called Virgin Money Slyce.
It will enable customers to take out credit then spread their repayments over installments.
This will also help them to build their credit score.
What does this mean?
Slyce is set to be released later this year and there is currently a waiting list to access the product. The idea is to be able to use it for all a customer’s “buy now, pay later” purchases with one monthly payment which works across three, six, nine of 12 months.
