Best Avant Money Credit Cards for April 2024
So many reasons to choose Avant Money credit cards. Whether is its cash backs, balance transfers, cash interest refunds or money transfers. You will find that Avant money credit cards may be able to meet one or more of your financial needs.
About Avant Money: Avant Money is financial services company that offers the best credit products to Ireland. Avant a subsidiary of Spain’s BankInter. Formerly the Irish operation of MBNA, changed to Avantcard and now recently Avant Money is regulated by the Central Bank of Ireland. The company offers Credit loans, Personal loans and Mortgages in Ireland. Avant money also issues An Post Credit Cards.
List of Avant Money Credit Cards
Personal Credit Cards
- Avant Money One Credit Card: Best for Comprehensive Offers and Rewards
- Avant Money Reward+ Credit Card: Best for Long Term Value
Compare Avant Money Credit Cards
A Closer Look into Avant Money Credit Cards
Personal Credit Card
Avant Money One Card: Best for Comprehensive Offers and Rewards
What we like about Avant Money One Card: We absolutely like the lengthy 0% introductory period on balance transfer and money transfers. This card has a 12 months intro interest rate offers on money transfers and 9 months 0% interest intro offer on balance transfers purchases. It is the longest time frame period for a balance transfer in the market. We also like that the Intro offer on money transfer works like an interest free personal loan.
Who this card is good for: Anyone with a high interest credit card with an outstanding balance or looking for a loan to pay off over a few months up to a year without incurring any interest costs.
Alternatives: One Card does not offer cash back, AIB Platinum Visa Card could offer more cash back earning opportunities for those seeking rewards for spending. Another alternative is the An Post Money Flex Credit Card which offers a longer 0% intro offer on purchases for 9 months.
Read our full Avant Money One Card review
Avant Money Reward+ Card: Best for Long Term Value
What we like about Avant Money Reward+ Card: This is the only credit card in ireland that gives you refund on your interest. The 25% interest refund is quite valuable especially if you are paying a high interest every month. Also you get a €100 one off cash back if you spend a minimum of €500 monthly in the first three month and the cash back is payable within 6 months of opening the account.
Who this card is good for: If you are on a high interest debt balance, the interest refund will come in useful.
Alternatives: The card doesn’t really offer traditional rewards. If you are looking for long term value, so it may not be a fit for you. AIB Platinum Visa Card’s 0.5% cash back offer on purchases is a good cash back alternative to Avant Money Reward+ card.
What are the benefits of Avant Money Credit Cards?
Introductory Offers and Cash back: Both Avant Money cards offers all the typical balance transfers, purchases, cash back or a combination of features. This makes Avant Money a good option if you are shopping for a credit card to save cost of interest.
Advantages Program: All-in-one customer loyalty programme and one stop shop that offers great savings, competitions, a library full of courses, blogs, and articles with just a click of a button
Money Transfer Facility: Avant money provides the money transfer option on both credit cards. You have the flexibility of transferring funds from your credit card into your current account to help you cover any cash payment needs you have. On the One Card you are able to get 0% interest free on money transfers which looks like an interest free personal loan for 12 months.
Interest Refund: You would normally be charged a retail interest on your outstanding balance each month. With this interest refund feature you get 25% of the retail interest charged back and credited back to your card account each month. The maximum monthly reward you get is €24.
What are the credit limits of Avant Money Credit Cards?
There are no set limits as the credit limit awarded are based on personal financial situation. Your credit limit is determined by a number of factors. They include credit history, length of your credit history, credit utilization if you have existing credit cards. Sometimes recent inquiries on your credit profile will impact your card limit. Avant money will also carry out household income, employment and monthly expenses to work out your affordability before they can determine your credit limit.
What are the interest rates on Avant Money Credit Card?
Please note that balance transfers and money transfers count as purchases. As with most credit cards, you’ll need to make your minimum monthly repayment on time each month and stay within your credit limit to keep your introductory rates. When the offer period ends any outstanding amount will be charged interest at your standard variable rate. See Avant Money Terms and Conditions for more details.
Are Avant Money Credit Cards worth it?
It depends on your personal finance circumstances and goals but they can be worth it. If you searching for the best balance transfer or best cash back cards in Ireland, then Avant Money is worth considering. They are not the cheapest in terms of interest rates or APR, so if you want a few more options, you check to see our best credit cards in Ireland review.
How we analysed Avant Money Credit Cards?
We reviewed the Avant Money Credit Cards across the following criteria
- Interest rate/APR – We compared the interest rates and APR and other related fees to gives us an indication of the cost and value of the card.
- Annual fee – We looked at if the Avant Money credit cards charged an annual fee and compared the overall value proposition and benefit of the card against the annual fee of the card.
- Introductory offers – Checked to see if there were any incentives to get the cards and analysed if offers were worth it.
- Rewards – Also reviewed if the Avant Money Credit Cards had any customer loyalty program included
- Perks and benefits – Look out for travel insurance, financial management tools (for the business credit cards), luxury benefits and other extras.
Frequently Asked Questions
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.