Best credit cards in Ireland in 2017!

Platinum Credit CardBenefits & Features

*Interest free period to 56 days
*No transaction fees
*Free travel insurance
Salary Requirements
€40.000 p.a.
APR
19.6 %
Balance Transfer
0 % for 7 months
Minimum age
18 years
Apply now bankofireland.com
Requirements:
  • - you must be at least 18 years old;
  • - your salary must be at least €40.000 per annum
Representative example: Typical APR of 19.6% is based on purchases to the full extent of a credit limit of €5000, Government stamp duty charge: €30, Annual Charge: €76.18, Repayment in equal instalments over a 12 month period, Total amount repayable: €5479.71, Total cost of credit: €479.71.
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.
Classic Credit CardBenefits & Features

*Interest free period to 56 days
*No transaction fees
*No annual fee
*Add cardholders for free
Salary Requirements
€16.000 p.a.
APR
22.1 %
Balance Transfer
0 % for 7 months
Minimum age
18 years
Apply now bankofireland.com
Requirements:
  • - you must be at least 18 years old;
  • - your salary must be at least €16.000 per annum
Representative example:Typical APR of 22.1% is based on purchases to the full extent of a credit limit of €1500, Government stamp duty charge: €30, Repayment in equal instalments over a 12 month period, Total amount repayable: €1661.01, Total cost of credit: €161.01.
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.
Affinity Credit CardBenefits & Features

*SuperValu Real Rewards points
*No transaction fees
*No annual fee
*Low cost instalment option
Salary Requirements
based on lending criteria
APR
20.2 %
Balance Transfer
2.9% for 12 months
Minimum age
18 years
bankofireland.com
Requirements:
  • - you must be at least 18 years old.
Representative example: Typical APR of 20.2% variable including annual Government Stamp Duty of €30. Assuming purchase of €1 500 repaid in equal instalments over a 12 month period. Total amount repayable: €1 648.38 (includes initial purchase of €1 500 and a total cost of credit of €148.38).
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

Useful information about financial products and debt management



Warning! If you do not meet the repayments on your credit agreement, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future!



Credit cards allow you to borrow money up to a certain limit as long as you make regular minimum repayments. Most credit cards have an annual fee.


Before you apply for a credit card:


  • - choose the right type of credit card for you;
  • - different cards have different features, for example, reward points;
  • - choose the right credit limit for you;
  • - make sure that there are not high monthly fees;
  • - take a look at your budget, decide carefully whether you will be able to make repayments;

To be eligible to apply, you must:


  • - be a resident of Ireland;
  • - have a regular income;
  • - meet the minimum income guidelines;
  • - be at least 18 years old;
  • - have a positive credit history;

Make sure you have all the necessary paperwork credit card issuer may ask you


  • - Proof of income - payslip, tax return report etc.;
  • - Information about your current income and expenses;
  • - meet the minimum income guidelines;
  • - Copy of your bank statement that shows your savings and other made repayments;
  • - Passport or drivers licence.

Main features of credit cards:


  • - Reward points: these types of credit cards gives you reward points that can be redeemed for gifts or other goods;
  • - Cashback cards: you can get certain amount of money back, this depends on how much you have charged from your credit card;
  • - Travel miles: these types of credit cards gives you mile points, which can be used to make travel related purchases, for example, plane tickets;
  • - Petrol: these types of cards offer you to get petrol related benefits.

Fees and charges


  • - Application or processing fee: some credit card issuers may charge this fee when you sign up for a credit card;
  • - Annual Fee: some credit card issuers may charge you with annual fee. Annual fee is set by the credit card issuer and can be more than 200$; Keep in mind that exclusive credit cards usually are design for people with higher income and such credit cards are more expensive;
  • - Foreign Transaction Fee: this fee can be charged for transactions that are processed outside of Australia;
  • - Cash Advance Fee: if you withdraw cash from ATM machine you have to pay additional fee for the withdrawn amount;
  • - Late payment Fee: you may be charged interest if you fail to repay money borrowed from the credit card.

Credit card minimum repayments


If you make only the minimum repayment on your credit card each month, you will pay more in interest and it will take longer to pay off your balance. Your monthly statement must give you information about how long it will take to pay off the entire balance by making minimum repayments.

Credit card interest rates


Credit cards tend to have higher interest rates than other forms of credit, and the rate can vary depending on what features the card offers. You are charged interest on all outstanding transactions if you don't pay your full balance each month.


If you have a credit card without an interest-free period, you pay interest either from the day you make a purchase or from the day your monthly statement is issued.


Unless you use a card that is interest-free and fee-free, buying items with a credit card will always cost you more than if you pay with cash.



Attention!


MoneyGuru24 is not a bank, lender, broker or product issuer. MoneyGuru24 is not owned by a financial institution but is an independent company owned by private shareholders. All information provided on MoneyGuru24 has general and informative nature. Although MoneyGuru24 covers wide range of loan products and providers, keep in mind that those are not the only options available in the market and may not be the best fit for you. We do not consider your personal circumstances and financial situation and we are not recommending any particular products. If you choose to apply for a loan product through MoneyGuru24 website you will be dealing directly with the loan provider not with MoneyGuru24. It is recommended for you to read all relevant documentation given by the loan provider before accepting any financial product offer.