Allied Irish Bank (GB) Classic Credit Card review 2022

A straightforward credit card for existing AIB customers.

Finder rating: ★★★★★

No reviews yet. Write a review
Representative example: When you spend £1,200 at a purchase rate of 22.79% (variable) p.a. with a fee of £8 per annum, your representative rate is 24.3% APR (variable).

24.3%

Representative APR

£8

Yearly account fee

Up to 56 days

Interest-free each billing period

£500

Minimum credit limit

Details

IssuerAllied Irish Bank (GB)
NetworkVisa
Annual/monthly fees£8 per annum
Balance transfers22.79%
Balance transfer fee1.5%
Purchases22.79%
Purchases interest-free periodUp to 56 days
Cash advances22.79%
Minimum credit limit£500
Maximum credit limitSubject to status
Additional cards available1

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.

Expert review

This credit card is as straightforward as it gets: it does the job, but doesn’t offer anything more than that. It’s only available to existing AIB customers.

If you don’t plan to carry a balance from month to month, then you’ll get up to 56 days of 0% interest on your purchases each billing cycle, which really is the main pro of this card. That’s in return for an account fee of £8 per annum.

Apart from keeping accounts “under one roof”, there’s little to encourage you to choose this card over others available on the market. Fees are very average, interest rates on purchases and balance transfers aren’t competitive and there are no perks or rewards to make the rest a bit more attractive.

If you’re looking to earn rewards on your spending or to spread the cost of upcoming expenditure, there are better deals out there, for those willing to shop around.

Finally, AIB cards are offered on the Visa network, so they’re accepted at over 20 million locations worldwide.

Pros and cons

Pros

  • The APR is relatively low

Cons

  • It's only available to existing customers
  • There's an £8 annual fee
  • You're unlikely to be approved if you have bad credit
  • There's plenty of better options out there that don't charge annual fees

How does this card compare with other similar cards on the market?

Table: sorted by representative APR, promoted deals first
Name Product Balance transfers Balance transfer fee Purchases Annual/monthly fees Representative APR Incentive Link
Royal Bank of Scotland Balance Transfer Credit Card (existing customers only)
0% for 22 months reverting to 21.9%
0%
0% for 3 months reverting to 21.9%
£0
21.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Check eligibility
M&S Bank Credit Card Rewards Offer Mastercard
0% for 12 months reverting to 21.9%
0%
0% for 12 months reverting to 21.9%
£0
21.9% APR (variable)
Double points on spend in M&S for first year (2 points per £1). Then 1 point per £1 spent with M&S and 1 point per £5 spent elsewhere. Enjoy 55 days interest free, preferential rates plus no cash advance fee when buying M&S travel money with the card.
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Check eligibility
The NatWest Balance Transfer Credit Card (existing customers only)
0% for 22 months reverting to 21.9%
0%
0% for 3 months reverting to 21.9%
£0
21.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 21.9% (variable) p.a., your representative rate is 21.9% APR (variable).
Check eligibility
The NatWest Longer Balance Transfer Credit Card (existing customers only)
0% for 33 months reverting to 22.9%
0%
0% for 3 months reverting to 22.9%
£0
22.9% APR (variable)
Receive £25 cashback when applying by 30.11.22 and transferring a balance within 60 days of opening.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Check eligibility
Royal Bank of Scotland Purchase & Balance Transfer Credit Card (existing customers only)
0% for 24 months reverting to 22.9%
2.9%
0% for 24 months reverting to 22.9%
£0
22.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Check eligibility
NatWest Purchase & Balance Transfer Credit Card (existing customers only)
0% for 24 months reverting to 22.9%
2.9%
0% for 24 months reverting to 22.9%
£0
22.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Check eligibility
Royal Bank of Scotland Longer Balance Transfer Credit Card (existing customers only)
0% for 33 months reverting to 22.9%
0%
0% for 3 months reverting to 22.9%
£0
22.9% APR (variable)
Receive £25 cashback when applying by 30.11.22 and transferring a balance within 60 days of opening
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Check eligibility
HSBC No Fee Balance Transfer Credit Card Visa
0% for 16 months reverting to 23.9%
0% for 2 months reverting to 2% (min. £5)
0% for 3 months reverting to 23.9%
£0
23.9% APR (variable)
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a., your representative rate is 23.9% APR (variable).
Check eligibility
M&S Bank Shopping Plus Credit Card
0% for 18 months reverting to 23.9%
2.9% fee, min £5
0% for 21 months reverting to 23.9%
£0
23.9% APR (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a., your representative rate is 23.9% APR (variable).
Check eligibility
HSBC Purchase Plus Credit Card
0% for 17 months reverting to 23.9%
2.99%
0% for 20 months reverting to 23.9%
£0
23.9% APR (variable)
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £1,200 at a purchase rate of 23.9% (variable) p.a., your representative rate is 23.9% APR (variable).
Check eligibility
loading

Compare up to 4 providers

Compare low rate credit cards

Table: sorted by representative APR, promoted deals first
Name Product Purchases Balance transfers Annual/monthly fees Representative APR Incentive Link
The Co-operative Bank 3 Year Fixed Rate Credit Card
8.9%
8.9%
(0% fee)
£0
8.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 8.9% (variable) p.a., your representative rate is 8.9% APR (variable).
MBNA Long Term Low Interest Credit Card
4.9% for 48 months reverting to 8.9%
4.9% for 48 months
(0.5% fee)
£0
8.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 8.9% (variable) p.a., your representative rate is 8.9% APR (variable).
TSB Advance Credit Card Mastercard
0% for 3 months reverting to 9.95%
0% for 3 months
(0% fee)
£0
9.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.95% (variable) p.a., your representative rate is 9.9% APR (variable).
Halifax Credit Card Mastercard
9.94%
9.94%
(5% fee)
£0
9.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.94% (variable) p.a., your representative rate is 9.9% APR (variable).
Bank of Scotland Platinum Low Rate Credit Card
9.94%
9.94%
(5% fee)
£0
9.9% APR (variable)
Representative example: When you spend £1,200 at a purchase rate of 9.94% (variable) p.a., your representative rate is 9.9% APR (variable).
loading

Compare up to 4 providers

Approval for any credit card will depend on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

You can make manual repayments through Allied Irish Bank (GB)'s app, by logging in to your online banking or over the phone (0345 600 5204). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) or losing any promotional rates as a result.

You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.

Choose from the following direct debit options for your monthly repayments:

Minimum amount Fixed amount Fixed percentage Full amount

How to apply

If you've compared your options and wish to apply for an AIB card, you'll need to head to a branch or phone AIB on 0345 600 5204.

Frequently asked questions

What credit limit will I get with the Allied Irish Bank (GB) Classic Credit Card?

If Allied Irish Bank (GB) is able to offer you this deal, the offer will specify a personalised credit limit based on Allied Irish Bank (GB)'s assessment of your situation. The minimum limit offered on this card is £500 and Allied Irish Bank (GB) does not specify a maximum. Once you've had the card for a while and shown Allied Irish Bank (GB) that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the Allied Irish Bank (GB) Classic Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.

The cash advance fee on the Allied Irish Bank (GB) Classic Credit Card is 1.5% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £3.75.

The interest rate on this part of your balance will be 22.79% (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use the Allied Irish Bank (GB) Classic Credit Card abroad?

Non-sterling transactions are subject to a 2.75% charge. For example, if you spend 200 euros (£172.62), it'll cost you around £4.75 in fees.

What is the minimum payment on the Allied Irish Bank (GB) Classic Credit Card?

Each month you must pay at least 3% of your balance at that point or £5.00 – whichever of the 2 figures is greater. So if you had, say, £150.00 outstanding, you'd pay £5.00, and if you had £666.67 outstanding, you'd pay £20.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.

Finder credit card ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score credit cards to determine their value against similar products on the market. We look at a number of important factors, like its suitability for its intended purpose, any perks/extras it brings to the table, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site