Bank of Ireland UK Matched Mastercard review January 2020
Cut interest payments on existing card debt and spread the cost of upcoming expenditure with this “matched” deal.
0% interest on balance transfers
0% interest on purchases
|Issuer||Bank of Ireland UK|
|Balance transfers||0% for 24 months reverting to 19.9%|
|Balance transfer fee||2.49%|
|Purchases||0% for 24 months reverting to 19.9%|
|Purchases interest-free period||Up to 56 days|
|Min. credit limit||£1,000|
|Max credit limit||Not specified|
|Additional cards available||3|
If you’re working to clear existing card debt then a balance transfer deal can be a smart choice – making sure that the whole of your monthly payment goes towards reducing your balance (and none towards interest). But if you think you might also need to use the card for significant upcoming purchases (or if you’d just like to have the option), then “matched” or “balanced” cards can offer an introductory 0% interest period that applies to both existing and new balances.
Don’t overlook this card’s balance transfer fee of 2.49% and remember that if you don’t clear your balance in full within the 24 months, any outstanding balance will start to accrue interest at the card’s standard rate. Additionally, if you’re late making a repayment or if you go over your credit limit, you risk losing the promotional 0% offer.
As this card is on the Mastercard network, it’s accepted in more than 40 million locations worldwide. You’ll also be able to enjoy access to Priceless Cities experiences.
Compare other cards with “matched” 0% deals
When it comes to repayments, you can make manual repayments online or over the phone (0800 085 0444), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee 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 for the Bank of Ireland UK Matched Mastercard
If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you will need to make the process as straightforward as possible.