An Post Money Flex Credit Card Review: Long 0% Intro APR For Purchases Makes it Valuable
An Post Money Flex Credit Card comes with a great introductory offer on purchases, the longest for credit cards in Ireland. Pay off your purchases with no interest at all for 9 months
Summary:
The An Post Money Flex credit card is hard to beat when it comes to its intro offer and it puts you back in control when making large purchases
Pros:
- 0% interest on purchases for 9 months
- Free money transfers from your credit card to your personal current account whenever you need
- Instalment payment plan for larger transactions over 12 months at a great lower rate for merchants with Mastercard instalment symbol.
- Add up to 3 additional cardholders for free
- No annual fee
Cons:
- The actual interest rate is unclear until after full credit application and credit check.
- If you avail the instalment plan option you forfeit the 0% on purchases for 9 months.
- Fees are larger than the average credit card in Ireland including a processing fee of €0.50 if you make payments at the post office
An Post Money Flex Credit Card
- Monthly Fee: €0
- Intro Offer: 0% fixed interest on purchases for first 9 months
- Interest Rate: 10.80% or 16.80% variable depending on credit history
- APR: 15.7% or 22.9% variable depending on credit history
- Currency Conversion Fee (POS/ATM): Varied – Uses a mark up
- Stamp Duty: €30 annually
- Balance Transfer: Not specified
- Money Transfer: Available for free
- Additional Card Fee: €0
- Late Payment Fee: €15.24
- Cash Advance Fee: 1.5% with a minimum charge of €2.50
An Post Money Flex Credit Cards Product Details
- Introductory offer rates of 0% interest rates on purchases for 9 months.
- Instalment plans for large purchases by spreading the cost of larger transactions over 12 months at a great lower rate. Available with limited merchants where you see the Mastercard instalment symbol.
- APR of 15.7% or 22.9% variable depending on your credit profile.
- Free money transfer from your credit card to your current account when you need it.
- 3 Additional card holders for free.
- View rates and fees
Compare Similar Credit Cards
An Post Money Flex Credit Card
Annual Fee €0
Intro Offer: 0% fixed interest on purchases for first 9 months
APR: 15.7% or 22.9% Variable depending on credit history
An Post Classic Credit Card
Annual Fee €0
Intro Offer: 0% fixed interest on balance transfers for first 12 months. Read Full Review
APR: 22.9% Variable
BOI Classic Credit Card
Annual Fee €0
Intro Offer: 0% interest on purchases for first 6 months or 0% fixed interest on balance transfers for first 7 months. Read Full Review
APR: 22.1% Variable
What are the Benefits of An Post Money Flex Credit Card?
Introductory Offer on Purchases
An Post Money Flex Credit Card holders will not pay interest for their purchases in the first 9 months of opening the credit card account. The introductory offer of 0% interest rate on purchases for 9 months is the longest intro for purchases right now in the market.
Money Transfer
The card offers a free money transfer from your credit card into your current account, you can transfer from a minimum of €100 up to 95% of your credit limit. However you will pay interest rate on the transfer you make which is equal to the standard purchase rate.
Additional Card Holder
You get up to three (3) additional cards to your credit account for free.
» MORE: Credit Cards with Money Transfers
Annual fee of €0
Even though you have available to use the introductory interest-free period for 9 months for your purchases, the card is free and costs nothing to continue using it except for the required €30 Government Stamp Duty
Instalment Plan
You are able to spread payments for large purchases over 12 months at a great lower rate. You can only use the instalment plan facility with merchants that have the Mastercard instalment symbol. 9 months 0% interest on purchases does not apply if you use the instalment plan.
>>More: How Does Mastercard Instalment Payment Services Work?
Loyalty Program – Mastercard Priceless
An Post Money Flex Credit Card holders get access to the Mastercard’s Priceless programme where you get exclusive offers and access to unforgettable experiences and valuable everyday discounts in the cities where you live and travel.
» MORE: What to expect from Mastercard Priceless
You Might Want To Consider a Different Credit Card
Fees and Charges
The fees and charges on the flex credit card is high, for example late payment fees on the average costs €7.50 but Flex Credit Card charges €15.24. PTSB Ice Credit Card is a good alternative to An Post Money Flex credit card because you can still get 0% interest rate on purchases plus on balance transfers with reduced fees.
Forfeit Intro Offer If you opt for Instalment Plan
The introductory offer of 9 months zero interest on purchases doesn’t apply if you opt for instalment plan. Also once an instalment plan is ended it cannot be reinstated. Most Bank of Ireland Credit Cards including Bank of Ireland Classic Credit Card have the instalment option and can be a good alternative to the card.
Check out Coins to Asset Best Credit Cards in Ireland to see how cards compare to their competition.
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.