Bank of Ireland credit cards review

Travel perks and 0% introductory offers are among the benefits of these cards.

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If you’re after a new credit card, it’s a good idea to compare lots of options to find the right one for your financial situation and the way you spend. Bank of Ireland has five cards, so it’s likely you can find a deal that meets your needs. Before you make an application you’ll want to know the key benefits, and the main costs and fees, linked to these cards. Let’s take a closer look at the detail.

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What credit cards are available with Bank of Ireland?

Reward cards

  • Classic Credit Card

This card offers 0% interest on purchases for the first six months of your account. Alternatively, choose 0% interest on balance transfers for seven months. The Classic could be a great option if you’re planning to make a couple of big purchases, and you’d like to spread the cost of these over a number of months. There are no transaction fees when using your credit card to pay for goods and services. There’s also no annual fee to pay with this card. However, be aware that each Bank of Ireland credit card is subject to the government’s stamp duty fee which is €30 per year.

  • Platinum Advantage Card

The Platinum card also lets you get 0% interest on purchases for six months when you open an account. This card also comes with a competitive standard interest rate of 13.79% (its typical APR rate is 19.6%), while free travel insurance is included. There are no transaction fees when using your credit card to pay for goods and services.

  • Affinity Credit Card

With this card, Bank of Ireland makes a donation to a college of your choice (see this provider’s website for a list of eligible institutions). The card also offers a 2.9% interest rate on balance transfers during the first 12 months of opening an account. This card also has no transaction fees and no annual fee (aside from the annual stamp duty charge of €30).

Travel cards

  • Aer Credit Card

Having teamed up with Aer Lingus, this credit card offers a range of tempting perks for those who love to be on the move. These include: two free European flights, two lounge passes, a pair of fast-track boarding passes and worldwide travel insurance. Plus, you get to choose between two introductory offers when you sign up to this card – 0% interest on purchases for six months, or 0% interest on balance transfers for seven months.

Student cards

  • Student Credit Card

Aimed at students and recent graduates, this card gives you an immediate credit limit of €500 in your first or second year of full-time study and up to €1,000 if you’re in third year or above. You’ll get free travel insurance, along with 0% interest of purchases for six months and there’s no annual account fee.

What are the benefits of choosing Bank of Ireland?

  • Access to Mastercard’s Priceless Cities scheme, which can unlock further benefits for those who like to travel
  • Add up to three additional cardholders can be named on your account (excludes the Student Card).
  • Approval in 24 hours. Bank of Ireland says it will make a decision in one working day on all of its cards.
  • Card Care facilities. See your balance and check transactions, at any time, online. Plus, order a replacement card, access your PIN, change your address, and more.
  • Contactless payments. Pay for goods and services in a fast and secure manner.
  • Emergency cash service. Some of the cards offered by Bank of Ireland can help you out with a cash payment if lose your card while abroad.
  • Instalment Plan. This allows you to transfer a credit card purchase costing over €500 to a lower interest rate (6.9% APR), before paying it off in 12 monthly instalments.
  • This bank offers a diverse basket of rewards, travel and student credit cards, backed by MasterCard.

What are some of the costs to be aware of?

There’s a €7.99 monthly fee for the Aer Credit Card, while the Platinum Advantage card has an annual fee of €76.18. The Affinity Credit Card has a standard rate of 14.57% on purchases (or 20.2% typical APR). The Classic Credit Card and the Aer Credit Card both come with a standard rate on purchases of 16.12% (or 22.1% typical APR). Meanwhile the Student Credit Card has a standard rate on purchases of 14.54% (or 20.2% typical APR).

Interest on a credit card is typically charged on cash advances and outstanding balances, while purchase interest is charged if you fail to pay off your credit card in full by its payment due date. This date will be shown on your credit card statement. The simplest way to make sure you pay all of your outstanding balance on-time is to set up a direct debit each month.

Make sure you’re fully aware of all the charges that apply to any credit card you compare. See the Bank of Ireland’s website for a full list of fees and charges with each of these credit cards.

How to apply for a Bank of Ireland credit card

There are three ways to apply for a credit card with Bank of Ireland: online, via a phone call or in-person at a branch. You’ll need to live in the Republic of Ireland and qualify for any age or study requirements.

Once you’ve applied, you can track the status of your application via Bank of Ireland’s website. You just need your Application Reference Number, which gets sent to you via SMS and is shown when you completed your application online. If you’re struggling to use Bank of Ireland’s tracker, you can call a credit card advisor on 1890 365 100.

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