If you are a current virgin credit card customer your card and account will continue on as normal.The credit was always underwritten by Westpac. They (Virgin) have just stopped taking any new applications for the "Virgin" credit card from April 3
From their website
If you have a Virgin credit card in your wallet...
You'll still be able to use your Virgin Credit Card as normal. Westpac will continue to manage the customer base and ensure there are no interruptions to the credit card service.
If you wanted to apply for a new Virgin Credit Card, unfortunately we won't be taking any new applications from April 3, 2008.
Virgin Money has been working with Westpac Banking Corporation for the past five years since we launched the hugely successful Virgin Credit Card in Australia.
Following the end of the five year agreement between Westpac and Virgin Money, we have now all agreed that Westpac will retain the credit card portfolio and will continue to provide ongoing excellence in customer service to Virgin Credit Card customers.
GW 55kg Achieved 31.1.08
Body fat reduced from 38% to 20.2%