Bank of Ireland Platinum Card April 2024 Review
Bank of Ireland Platinum card defining feature is its Mastercard premium benefits with the option of having introductory offer of both 0% interest rate on purchases for 6 months, OR 0% interest rate on balance transfers for 7 months.
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Summary:
This premium card does not come free because in addition to its offers of 0% interest rate on balance transfer for 7 months or purchases for 6 month, the card offers premium exclusive benefits which makes it worth it.
Pros:
- Intro 0% interest rate
- No transaction fee
- Premium benefits
Cons:
- Charges an annual fee
- No cash back offers
Bank of Ireland Platinum Card (Platinum Advantage)
- Annual Fee: €76.18
- Intro Offer: 0% on all purchases for first 6 months or balance transfers for 7 months
- Interest Rate: 13.79% variable on all purchases
- APR: 19.6% variable
- Currency Conversion Fee (POS/ATM): 2.25%
- Stamp Duty: €30 annually
- Balance Transfer: 0% on balance transfers for 7 months
- Additional Card Fee: €0
- Late Payment Fee: €7.50
- Cash Advance Fee: 1.5%
Bank of Ireland Platinum Card Product Details
- Intro Offer: 0% fixed interest on purchases for first 6 months or 0% fixed interest on balance transfers for first 7 months!
- Premium offers and experiences: Bank of Ireland platinum credit card is on Mastercard payment network and will get access to exclusive experiences, offers and benefits in Ireland or when exploring other destinations abroad with MasterCard Priceless Cities.
- Annual fee of €76.18 and €30 Government stamp duty.
- Travel Insurance: Cardholders get a comprehensive multi-trip travel insurance including winter sports when they use their card to pay at least 50% of the total trip fare.
- Free Additional Cardholders: Add up to 3 additional cardholders and pay government stamp duty only once.
View Terms and Conditions
Compare Similar Credit Cards
BOI Platinum Advantage Card
Annual Fee €76.18
Introductory Offer: 0% fixed interest on purchases for first 6 months or 0% fixed interest on balance transfers for first 7 months!
APR: 19.6% Variable
An Post Classic Card
Annual Fee €0
Introductory Offer: Credit card that offers 0% APR on balance transfers for 12 months. Best alternative for a credit card balance transfer. Read full review
APR: 22.9% variable
AIB Platinum Card
Annual Fee
€0
Intro Offer: Spend over €5,000 and up to €50,000 for a 0.5% of that amount cash back max is €225 per year. Offers premium benefits with no annual fees. Read full review
APR: 17% Variable
What are the Benefits and Perks of Platinum Advantage Card?
Card type: It is a premium card that offers Balance transfer option.
Annual fee: The Bank of Ireland Platinum Card charges €76.18 per annum. Considering the rewards and benefits including free travel insurance makes it worth the value
Intro Offer Interest Rate: 0% fixed interest on purchases for first 6 months or 0% fixed interest on balance transfers for first 7 months
» MORE: Best Balance Transfer Credit Cards
Ongoing rewards:
Comprehensive multi-trip travel insurance including winter sports when at least 50% of the total trip fare (transportation cost) of your insured journey is paid using your card.
Access to exclusive experiences, offers and benefits in Ireland or when exploring other destinations abroad through Mastercard Priceless
» MORE: What to expect from Mastercard Priceless
Free Additional Cardholders: Add up to 3 additional cardholders and still pay government stamp duty only once.
Foreign transaction fees: No transaction fee on Euro transaction and 2.25% on non euro transaction
» MORE: What to expect from Bank of Ireland Travel Insurance
You Might Want To Consider a Different Credit Card
Short 0% Intro Interest Rate on Balance Transfer: The 0% interest rate for balance transfers is only for 7 months, is not much of an incentive to keep using the Bank of Ireland Platinum Card (Platinum Advantage) because there are cards that offer longer time periods. So if you are looking to carry balance from an existing credit card into a new one for a longer period, An Post Classic Credit Card is your best alternative. You are able to lower your interest payments on balance transferred for as longer than 7 months at least.
Short 0% intro period on New Purchases : Again the short 0% intro offer that will get you a reprieve from interest on new purchases for just 6 months, . Other cards offer long 0% intro APR periods on new purchases.
Other Credit Cards offer Cash Back : Considering you pay annual fees for this premium card, you can find a selection of credit cards that offer cash-back plus other rewards with an annual fee. AIB Platinum Visa Card has no annual fee and you can earn 0.5% cash back of £225 in each 12 months you can decide to pair them with this card if you make large purchases yearly and will benefit from Cash Back.
Annual Fee Charged: The Bank of Ireland Platinum Card (Platinum Advantage) carried an annual fee of EUR 76.18 compared it a AIB Platinum Visa Card that charges no other fees. There are other cards in the market that offers good rewards and don’t charge annual fees.
See our Coins to Asset Best Credit Cards in Ireland reviews to compare with other cards.
Review Methodology
Coins to Asset reviews credit card across many the factors. We analysed popular 14 credit cards available in Ireland to come up with the best cards for you. We looked at fees, interest rates, rewards and cash backs including the ease of redeeming the rewards. We also considered the monetary value of the benefits and perks and the overall value add of the card to the cardholder. Part of our review includes ease of credit card application, the simple reward structure, attractiveness of the features, and whether the card suits everyday use or best reserved for specific purchases. We give star ratings serve as a general guide of our comparison but it is only a consideration when you are choosing a credit card not a rule. Learn how Coins to Asset Rates Credit Cards.
Lynda Unogu MBA IMC (CFA UK) PMP
Lynda holds an MBA from University College Dublin and worked previously in product roles within financial services and technology firms like Mastercard, Citi Bank and JP Morgan. She constantly seeks to apply her expertise in financial services to the field of personal finance with the goal of helping people navigate the complexities of the finance.
