CREDIT CARDS tend to have much higher interest rates than any other form of credit, but that can depend on whether you pay the full amount due on time. If you do, your line of credit is 0%, if you don’t you could be charged as much as 26.6% per month on the balance outstanding.
It goes without saying, but let’s say it anyway, it’s important you use your card wisely. In this article, I’m going to look at what each institutions offerings are i.e. what their APR on purchases is, what interest rate is charged on balance transfers, salary requirements etc.
So, if you are looking at applying for a card, or thinking about transferring to a new provider, this will help you compare everyone on a like for like basis.
Bank of Ireland
They have 4 cards but I’m going to concentrate on just two, their Platinum and Aer Card which is used in conjunction with Aer Lingus.
KBC
They have 2 cards i.e. their cash reward card and student card, but I’m going to just concentrate on their cash reward card.
Like BOI, they have a facility where they offer a lower rate (8.99%) if you make a purchase €500 and you want to spread the cost of paying it back in instalments over a 12, 18 or 24 month period.
5.
They have 3 cards but I’m going to concentrate on just two, their Classic and Gold Cards.
