AIB Be Visa Card Review: Lower Interest Rate For Large Purchases Over €5000
AIB Be Visa Card is best suited for those looking for flexibility and control in making large and unexpected purchases.
Summary:
In addition to intro offer on purchases and balance transfers, the card rewards you with lower interest rate when you spend more than €5000 in any 12 months period.
Pros:
- No annual fees
- Good for low income
- Low Intro interest rate intro offer on balance transfers & purchases for 12 months
- Lower interest rate when you spend more than €5000 in any 12 month period.
Cons:
- High interest rate when you spend less than €5000 in any 12 month period
- Loose the low interest fee if you miss your payments twice within 12 months period
AIB 'Be' Visa Card
- Monthly Fee: €0
- Intro Offer: 3.83% variable on purchases and balance transfer for 12 months
- Interest Rate: 14.16% variable on all purchases over €5000
- APR: 22.9% variable
- Currency Conversion Fee (POS/ATM): 1.75% (Europe) and 2.75% (other region)
- Stamp Duty: €30 annually
- Balance Transfer: 3.83% variable for 12 months
- Additional Card Fee: €0
- Late Payment Fee: €7
- Cash Advance Fee: 1.5%
AIB Be Visa Card Product Details
- Enjoy a Lower Annual Interest Rate of 14.16% (variable) when you spend over €5,000 in a 12-month period or higher annual interest rate of 16.79% (variable) applies when your purchases are less than €5,000 in a 12 month period.
- Special introductory annual interest rate of 3.83% (variable) on purchases and balance transfers for the first 12 months from when you get your credit card account.
- €0 annual fee only a €30 Government stamp duty charge
- APR of 22.9% variable, which means when you use up a credit limit of €1500 and you payback equal amounts over a 12 month period with interest rate of 16.79%. Interest charged would be €136.50 and the total amount you pay back is €1636.50 including €30 stamp duty
- View rates and fees
Compare Credit Cards
AIB be Visa Card
Annual Fee
€0
Intro Offer: Enjoy a Lower Annual Interest Rate of 14.16% (variable) when you spend over €5,000 in a year
APR: 22.9% Variable
One Credit Card
Annual Fee
€0
Intro Offer:0% on purchases for 3 months and balance transfers for 9 months and access to Advantages Loyalty Program. Read Full Review
APR: 22.9% Variable
AIB Click Credit Card
Annual Fee
€0
Intro Offer:9.11% variable on purchases and balance transfer for 12 months. Read Full Review
APR: 13.8% Variable
What are the Benefits and Perks of Avant Money One Card?
Lower Interest rate of 14.16% depending on your spending
The AIB Be Visa Card differentiates itself with its high level of flexibility and control you have over the amount of money you spend in a 12 month period. If you have unexpected large expenses or emergencies, the Be Visa Card will give you a lower interest rate that wont rip you off. Other credit cards don’t offer the flexibility of lower interest rates when you spend more. AIB Be Visa Card is our best pick for long term value and large purchases.
No annual fee
Most credit cards do not charge and annual fee but with the exclusive benefits that comes with this card and no annual fees, that is a big treat. The fact that this card does not charge any annual fee makes it easy card to hold onto for a long time.
Special Intro Interest Rate offer
The AIB Platinum gives you a 3.83% variable on purchases and balance transfers for the first 12 months of opening the account. This is helpful if you use planned make a huge purchase on your card and pay it off over time. This is a good alternative if you would like to transfer debt from a high interest card.
» MORE: Best 0% APR credit cards
You Might Want To Consider a Different Credit Card
More rewarding offers exists
AIB Be Visa Card no annual fee is on par with other no annual fee cards in the market. You can find more generous options with Avant Money One Credit Card is a no annual fee card with a intro offer of 0% for balance transfers and purchases and in addition you get to enjoy the advantage loyalty program offers and discounts.
>>More: What to expect from Advantage Loyalty Program
A High APR
AIB Be Visa Card charges a high APR of 22.9% variable when you spend less and it might be worth considering a credit card with a lower interest rate like AIB Click Visa card. However, it’s important to note that you won’t be charged any interest if you make your card payments on time and pay in full every billing cycle.
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.
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