AIB Platinum Visa Card Review: Get 0.5% Cash Back Card With Great Hotel Benefits
The card features 0.5% cash back on purchases and exclusive benefits on visa hotel luxury collection.
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Summary:
The card offers one of the best cash back rates you can get in Ireland. You get a second platinum card free.
Pros:
- Great rewards and benefits
- Low Intro interest on balance transfers & purchases for 12months
- Lower APR compared to other Platinum cards
- No Annual fees for premium benefits
Cons:
- Cash back has a minimum and maximum spend – €5001 – €50,000
- Not for low income earners
AIB Platinum Visa Card
- Monthly Fee: €0
- Intro Offer: 3.83% variable on purchases and balance transfer for 12 months
- Interest Rate: 11.84% variable on all purchases
- APR: 17% 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 Platinum Visa Card Product Details
- Enjoy a luxury collection of benefits at a selection of the world’s finest hotels with Visa. Benefits are automatically activated when you book www.visaluxuryhotelcollection.com
- Spend over €5000 and up to €50,000 in any 12 month period from your account opening date and you get 0.5% of that amount back up to a maximum of €225 for each 12 month period
- €0 annual fee just a €30 Government stamp duty charge
- APR of 17% 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 11.84%, the total amount you pay back is €1596 including €30 stamp duty
- View rates and fees
How the AIB Platinum Card compares to other Reward Cards?
AIB Platinum Card
Annual Fee
€0
Intro Offer: Spend over €5,000 and up to €50,000 for a 0.5% of that amount back max is €225 per year
APR: 17% Variable
BOI Platinum Card
Annual Fee
€76.18
Intro Offer: 0% interest on purchases for 6 months OR 0% interest on balance transfers for 7 months. Read full review
APR: 19.6% Variable
Avant Money Reward+
Annual Fee
€0
Intro Offer: €100 cashback with up to 25% interest refund* every month. (terms apply) . Read full review
APR: 22.9 Variable
AIB Platinum Card vs Bank of Ireland Platinum Advantage Card
Both cards are similar in nature as they are both premium cards. The major difference is that the Bank of Ireland Platinum Advantage cardholders would wish it has no annual fees. Its hard to justify the €76.18 annual fees when you can have a premium card with no annual fees.
Asides from its annual fees, the Bank of Ireland Platinum Advantage has some great rewards and benefits that would easily make it a better choice to the AIB Platinum card. You get multi trip travel insurance, interest free period for balance transfers and purchases and premium offers on the Mastercard priceless network.
AIB Platinum card does not offer interest free period but if you don’t want to pay annual fees and want a bit of luxury to spend on, this AIB card may be a better choice for you.
AIB Platinum Card vs Avant Money Reward Plus
The cash back of €100 within 6 months of when you sign on to the card is an instant attraction, and then you get 25% interest refund not more than €24 each month. This card will give you a one time cash back and a portion of the interest you pay will be credited back to you.
Not a one time cash back, the AIB Platinum Cash back will give you cash back €225 a year as long as you spend more the €5000. The choice is yours.
Rates and Fees
The AIB Platinum Visa Card doesn’t have an interest free period, so you pay an APR of 17% depending on your credit worthiness and what is approved when you make an application.
Aside from Government Stamp Duty of €30 is charged annually per credit card account, you need to be aware of the following charges that you may incur:
Cash Advance Fee: 1.5% of the transaction value or €1.90 whichever is greater. This fee will not apply if your account is in credit for the full amount of the transaction when it is debited to your account.
Late Payment Fee: If you dont make your monthly payments on time and according to your agreement, a Late Payment Fee of €7.00 will be debited to the card account.
Over Limit Fee: If you exceed your credit limit each month, you will incur an Over Limit Fee of €7.00
Returned Payment Fee: A charge of €7.00 will be debited to the card account if your direct debit is returned unpaid.
What are the Benefits and Perks of AIB Platinum Visa Card?
0.5% Cash Back
What stands the AIB Platinum Visa Card apart from all other cards is that it offers a cash back 0.5% on purchases ( min and max amount applies). The AIB Platinum Visa Card differentiates itself with its high level of flexibility, service and rewards which includes its cash back. Earn up to a maximum €225 cash back on purchases in each 12 month period. Most other platinum cards don’t offer this, sometimes only offers a one-off fixed cash back regardless of spending. In this regard, the AIB Platinum Visa Card makes our best credit card pick.
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.
Flexible Redemption Options
The cash back award is calculated on a monthly basis and credited to you credit card account on the statement date each month.
Special Intro Interest Rate offer
The AIB Platinum Visa Card 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% Interest Rate Purchases credit cards
Visa Luxury Hotel Collection Benefits
As a Visa card, AIB Platinum Visa card grants you access to benefits reserved for platinum card holders this includes VIP Guest status services that automatically upgrades your room on arrival. You are able book a stay at a selection of hotels and receive benefits like room upgrades, free breakfast, food and beverage credits and more.
» MORE: What to expect from Visa Luxury Hotel Collection
You Might Want To Consider a Different Credit Card
0% intro APR offers exists
AIB Platinum Visa Card does not offer 0% intro APR for a time which help you pay down purchases and balance transfers with no interest on it. You can find more generous options with Bank of Ireland Platinum Credit Card that offers 0% intro APR on Balance Transfers for 7 and 0% APR on Purchases of for 6 months, and then the ongoing APR of 19.6% Variable APR.
Foreign transaction fee (1.75% EUR, 2.75 Other Currencies)
AIB Platinum Visa Card runs on the Visa network, so it’s widely accepted around the world. The card charges a foreign transaction fee, adding an extra cost every time you use it when traveling abroad. If you travel often, there are no credit cards currently available in Ireland that do not charge foreign transaction fee however Bank of Ireland Platinum Credit Card charges 2.25% which is less.
See our Coins to Asset Best Credit Cards in Ireland reviews to compare with other cards.
Frequently Asked Questions
How to qualify for an AIB Platinum Visa Card?
You need a good credit history and an annual income of at least €40,000. A successful outcome of your application depends on your financial circumstances at the time you apply.
What is the card limit for AIB Platinum Visa Card?
The standard minimum for the platinum card is usually €5000, and it can go up to €15000. The actual credit limit will suit your personal circumstances at the time of application.
What does the Visa Luxury Hotel Collection offer me?
The Visa Luxury Hotel Collection provides a unique set of benefits and experience exclusive for AIB Platinum Visa cardholders only. Benefits include $25 USD food or beverage daily, best available rate guarantee, Automatic room upgrade upon arrival, when available, Complimentary in-room Wi-Fi, when available, Complimentary continental breakfast daily, VIP Guest status and 3pm check-out upon request, when available
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.
