Bank of Ireland Student Credit Card Review: Super Student Credit Card with Great Benefits
Bank of Ireland Student Credit card defining feature is its introductory offer 0% interest rate on purchases for 6 months. Its also great to hold on to after graduation.
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Summary:
Great student credit card for university and beyond. Very good perks to hold on to keep holding on to the card after graduation
Pros:
- Intro 0% interest rate on purchases on 6 months
- No transaction fee
- Up to €1,000 credit limit
- Free travel insurance
- 24 hour approval
- No annual fees or hidden fees or charges
- You can use the Student Credit Card for 2 years after graduation.
Cons:
- High APRs
- €1,000 credit limit
Student Credit Card
- Monthly Fee: €0
- Intro Offer: 0% on all purchases for first 6 months
- Interest Rate: 14.54% variable on all purchases
- APR: 20.2% variable
- Currency Conversion Fee (POS/ATM): 2.25%
- Stamp Duty: €30 annually
- Additional Card Fee: €0
- Late Payment Fee: €7.50
- Cash Advance Fee: 1.5%
Bank of Ireland Student Credit Card Product Details
- Intro Offer: 0% fixed interest on purchases for first 6 months
- Annual fee of €0 and €30 Government stamp duty.
- Graduates can avail of the Student Credit Card for 2 years after graduation
- Travel Insurance: Cardholders get a comprehensive multi-trip travel insurance.
- Up to €1,000 credit limit: Gives you an immediate credit limit of €600 in your first or second year of full time study and up to €1,000 if you’re in third year or above of full time study.
- No transaction fees: Pay no transaction fees when you use your credit card to pay for goods and services. Cross border handling fees apply to non-Euro transactions.
- 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 Student Credit Card
Annual Fee €0
Introductory Offer: 0% fixed interest on purchases for first 6 months
APR: 20.2% Variable
AIB Click Visa Credit Card
Annual Fee
€0
Intro Offer: Low annual interest rate of 9.11% (variable) on purchases
APR: 13.8% Variable
AIB Student Visa Card
Annual Fee
€0
Intro Offer: Introductory rate of 3.83% (variable) on purchases and balance transfers for the first 12 months
APR: 20.5% Variable
What are the Benefits and Perks of Student Credit Card?
Card type: It is a Student Credit Card is specifically designed to suit the budget, lifestyle and financial needs of a student.
Annual fee: The Bank of Ireland Platinum Card charges €0. Considering the free travel insurance makes it worth the value
Intro Offer Interest Rate: 0% fixed interest on purchases for first 6 months
» MORE: Best Student Credit Cards
Ongoing rewards: Comprehensive multi-trip travel insurance
» MORE: What to expect from Bank of Ireland Travel Insurance
Free Additional Cardholders: Add up to 3 additional cardholders and still pay government stamp duty only once.
Foreign transaction fees: Great for students travelling around Europe. You incur no transaction fee on Euro transaction and 2.25% on non euro transaction
Credit Limit: You get up to €1,000 credit limit: In your 1st or 2nd year of full time study you get an immediate credit limit of €600 and up to €1,000 if you’re in third year or above of full time study.
Quick Application Approval: Usually next working day provided you have all relevant information and documentation. It may take longer for non bank of Ireland customers.
You Might Want To Consider a Different Credit Card
A High APR: An APR of over 20% seems to be quite high for a student without a full time income, It might be worth considering a card with Low APR like AIB Click Visa Card.
Credit Limit : The credit limit is capped to €1000, you might find other student credit cards like AIB Student Credit Card that may give you a higher credit limit.
See our Coins to Asset Best Credit Cards in Ireland reviews to compare with other cards.
Frequently Asked Questions
Can students get a credit card in Ireland?
Students are able to apply and get credit cards in Ireland. AIB provides a AIB Student Credit Card and Bank of Ireland provided a Bank of Ireland Student Credit Card.
Is it hard to get a credit card as a student?
You will need to meet specific requirements as a student to apply successfully as a credit card. One of the key requirement is the student will have to be in a full time study in a university or a third level education institution.
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.
