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Avant Money Reward+ credit card review

Get 1.25% cashback and a choice of rewards from Avant Money, formally Avantcard.

If you’re looking for a credit card that gives you a range of incentives as you spend, Avant Money, formally Avantcard, has Avant Money Reward+ could work for you. This card also gives you no fewer than three 0% interest rates after you sign up. What’s more, Avantcard is a big name in personal finance in Ireland and has partnered with An Post among others.

Let’s take a closer look at what’s offered by this credit card, along with its main fees and charges.

Finder does not currently have access to this credit card provider. Please review the product details, application criteria and terms and conditions on the provider website if you are considering applying for this product.

What are the benefits of the Avant Money Reward+ credit card?

The Avant Money Reward+ lets you pick between a total of four benefits when you apply for your card. You can choose one from the following:

  • 0% interest on purchases for one month; 0% on balance transfers for two months; 0% on money transfers for three months

To benefit from the 0% introductory rate on balance transfers, you’ll need to complete a balance transfer within the first 90 days of your new account. You can transfer any amount between €100 and 95% of your credit limit.

  • €30 in bonus credit – this gets paid straight into your account

Also, you’ll get to choose one of the following ‘always on’ rewards:

  • 15% interest refund – lowering some of the interest on your purchases each month
  • 1.25% cashback – this very competitive rate is earned back on your shopping or entertainment transactions

The rewards programme from this provider is known as Avantages, and it lets you enjoy a wide range of discounts and cashback offers from popular brands in Ireland. One such example is 4% cashback earned when you spend on Booking.com. Also, by having a Mastercard you’ll be able to make the most of Priceless Cities which offers further perks if you spend abroad on your card.

Any rewards you get with Avantages are applied to your account as a credit and this can’t be used to pay off your bill or for settling your minimum payment. In the case of the Avant Money Reward+, your minimum payment will be €25 or 1% (whichever is greater). Keep in mind that this credit card has a cap on how much you can earn back each month. For cashback it’s €12, while it’s €24 for the interest refund.

What are the features of the Avant Money Reward+ credit card?

This credit card also has a range of features including:

  • No monthly account fee – but be aware the Irish government charges stamp duty of €30 per year on all credit card accounts
  • Personalised pricing – access lower rates of interest if you have a better credit history
  • You can name up to three additional cardholders
  • Easy online application process

    What other costs should I be aware of?

    The following rates apply with Avant Money Reward+:

    • Purchases – 14.9%
    • Balance transfers – 14.9%
    • Cash withdrawals – 16.8% (plus, a handling fee of 1.50%, subject to a minimum of €2.50 per transaction)
    • Typical APR rate – 20.6%

    There may be other costs and fees you’ll need to pay, which vary depending on the way you use your card. We’ve listed some of the charges below:

    Avant Money One fees
    Irish government stamp duty€30 annually
    Cash transactions fee16.8% rate of interest on cash withdrawals. Plus a fee of 1.50% of the amount of any cash advance made with a minimum of €2.50. No maximum is applied
    Late fee€15.24 is charged every time a minimum payment fails to reach and be cleared in your account on the due date
    Payments processing fee at a post office€0.97 is charged for every payment
    Returned payment fee€19.05 is charged every time a direct debit or other payment goes unpaid
    Foreign exchange fee2.65% of the total amount of every foreign exchange transaction. Plus currency conversion fees.
    Over limit fee€12.70 is charged if you exceed your credit limit

    Always read the full terms of any credit card before you sign up to a new deal. The smartest way to limit fees on your credit card is to pay your balance in full each month when you get your bill, via a direct debit.

    What are the drawbacks of the Avant Money Reward+ credit card?

    • Avant Money will set a limit to the amount you can spend on your card. If you spend more than the agreed amount, you’ll face a €12.70 penalty.
    • You’ll pay interest on your credit card balance each month (after the 0% introductory rates end).
    • If you miss a payment, you will be charge a late fee of €15.24.
    • Missing a payment could affect your credit rating.

    How to apply for an Avant Money credit card

    Eligibility requirements:

    • Avant Money applicants must be at least 18 years of age
    • You’ll need to live in the Republic of Ireland

    With this application, Avant Money will also ask you about the following: your total income; the number of dependents you have; any monthly rent or mortgage repayments, along with any other monthly loan debts.

    Documents required:

    • Proof of income – typically you’ll be asked for a bank statement and payslips
    • Proof of identification – this can be one of the following: a valid passport, passport card, driver’s licence, immigration card or Garda age card
    • Proof of address – one of the following documents which is dated from the last three months: a utility bill, revenue document, social insurance document, home/car insurance document or bank/credit union statement

    Verdict

    From its cool design to its impressive mix of cashback offers, the Avant Money Reward+ has a lot of things going for it. However, the reward card that works best for you will ultimately depend on the way that you spend.

    So, if you’re planning a few big purchases in the future, you may want to look at the Avant Money One credit card as this has longer 0% interest rates on purchases. If you love to travel, both of Avant Money’s credit cards benefit from the booking.com partnership and this could be a deal-breaker for you.

    On the other hand, you might benefit from a card from another provider that gives rewards as you clock up air miles. So, it’s always a good idea to spend some time comparing many different options in order to find the right credit card that meets your needs.

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