AIB Student Visa Card Review: Best Starter Card and Introduction to Credit For Students
AIB Student Visa Card special offers is designed to introduce students to credit and help make payments affordable for students
Summary:
The card is a great choice for students to cater for their every day essentials and take advantage of online deals. It is also a great opportunity for students to start building their credit before launching their professional career.
Pros:
- No annual fees
- Great for students
- Special interest rate intro offer for the first 12 months
- Contactless and mobile payments enabled for students
Cons:
- Not the lowest APR in the market
AIB Student Visa Card
- Monthly Fee: €0
- Intro Offer: 3.83% variable on purchases only for 12 months
- Interest Rate: 14.85% variable on all purchases
- APR: 20.5% variable
- Currency Conversion Fee (POS/ATM): 1.75% (Europe) and 2.75% (other region)
- Stamp Duty: €30 annually
- Balance Transfer: Not applicable
- Additional Card Fee: €0
- Late Payment Fee: €7
- Cash Advance Fee: 1.5%
AIB Student Visa Card Product Details
- Annual Interest Rate of 14.85% (variable).
- Special introductory annual interest rate of 3.83% (variable) on purchases 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 20.5% 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 14.85%. Interest charged would be €120.66 and the total amount you pay back is €1620.66 including €30 stamp duty
- View rates and fees
Compare Credit Cards
AIB Student Visa Card
Annual Fee
€0
Intro Offer: Special introductory annual interest rate of 3.83% (variable) on purchases and balance transfers for the first 12 months
APR: 20.5% Variable
BOI Student Credit Card
Annual Fee
€0
Intro Offer: 0% fixed interest on purchases for first 6 months and keep the student credit card for 2 years after graduation. Read full review
APR: 20.2% Variable
AIB Click Visa Card
Annual Fee
€0
Intro Offer: Enjoy a Low annual interest rate of 9.11% (variable) on purchases. Read Full review
APR: 13.8% Variable
What are the Benefits and Perks of an AIB Student Visa Card?
Lower Interest rate of 14.85% depending on your spending
The AIB Student Visa Card offers student 14.85% interest to manage and control their every day spending and budget needs. It is our best pick for students in university to give them peace of mind while they are studying.
No annual fee
No annual fee card is very handy for a student and helps to manage the cost of repayment.
Special Intro Interest Rate offer
The AIB Platinum gives you a 3.83% variable interest rate for the first 12 months of opening the account. Students should be mindful of using this card to make a huge purchase on your card and as paying it off with very low student income can be challenging.
Criteria to Qualify for the Card is not Difficult
The minimum qualifying criteria to get approved for the card is, you have to be a over 18 and in full time education at a university, have an AIB Student Plus account , have held a bank account for a minimum of 3 months
Contactless Payment
Just like with other cards, this student card is enabled for contactless payment and online and mobile shopping
Interest Free Credit
Just like with other Irish credit cards, you get up to 56 days interest free credit if you pay up your balance in full and on time.
» MORE: Best Student Credit Cards in Ireland
You Might Want To Consider a Different Credit Card
Better Rewards for Students are available
If you’re looking for a student credit card with more rewards potential, the Bank of Ireland Student Credit Card could be a generous alternative. For a no annual fee card, you get 0%interest rate on purchases of balance transfers for up 6 months. Students get access to free travel insurance and are also able to keep the card for up to 2 years after graduation.
>>More: What to expect from Advantage Loyalty Program
A High APR
AIB Student Visa Card charges a high APR of 20.5% variable considering a credit card with a lowest interest rate like AIB Click Visa card and Bank of Ireland Student Credit Card with APR of 20.2% which is a little bit lower. However, it’s important to note that you have 56 days interest free credit if you make your card payments on time and pay up your balance in full every billing cycle.
See our Coins to Asset Best Credit Cards in Ireland reviews to compare with other cards
Frequently Asked Questions
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.