Avant Money Reward Plus Card Review: €150 Cash Back With Rewards
The card features a recently increased €150 cashback, up to 25% interest refund every month and money transfer facility.
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Summary:
In addition to €150 cashback, the rewards plus card is the only card in Ireland that refunds 25% interest each month
Pros:
- €150 cash back credited into your account
- 25% interest refund each month, maximum €24 in a month
- Interest refund is paid directly to your credit card account
- Money transfer from your card into your bank account
- 16.8% standard interest rate for purchases, transfers and cash withdrawals
- Access to Avantages® loyalty programme
- No Annual fees for these great benefits
Cons:
- Cashback is subject to minimum monthly spend of €500 in first three months;
- Cashback is not payable immediately but within six months of account opening
- Interest refund is capped at €24
Avant Money Reward + Credit Card
- Monthly Fee: €0
- Intro Offer: €150 Cash back credited to your account. 25% interest refund every month.
- Interest Rate: 16.8% variable on all purchases
- APR: 22.9% variable
- Currency Conversion Fee (POS/ATM): 2.65%
- Stamp Duty: €30 annually
- Balance Transfer: Not applicable
- Money Transfer: Available but no offers
- Additional Card Fee: €0
- Late Payment Fee: €15.24
- Cash Advance Fee: 1.5%
Avant Money Reward + Card Product Details
- Get €150 cash back within 6 months of opening the account
- Enjoy over 300 always-on offers and discounts on your favourite top brands on the Avantages® loyalty programme
- 25% interest refund directly into your credit card account each month.
- money transfer facility available for you to move money from your credit card to your bank account.
- €0 annual fee just 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 16.8%, the total amount you pay back is €1666.50 including €30 stamp duty
- View rates and fees
Compare Similar Credit Cards
Reward Plus Card
Annual Fee
€0
Intro Offer:€150 Cash back credited to your account. 25% interest refund every month.
APR: 22.9% Variable
AIB Platinum Card
Annual Fee
€0
Intro Offer: Cash back of up to €225 per year when you spend over €5,000 and up to €50,000
APR: 17% Variable
One Credit card
Annual Fee
€0
Intro Offer: €150 Cash back. 0% on purchases for 3 months and balance transfers for 9 months
APR: 22.9% Variable
What are the Benefits and Perks of Avant Money Reward Plus Card?
€150 Cash Back Paid Within 6 Months of Account Opening
The Avant Money Reward Plus Card offers €150 cash back when you spend a minimum of €500 in the first three months. The cash back is normally credited to you within 6 months of opening your account. You need to spend on eligible transactions to be get your cash back. The transactions that will not count towards the minimum spend of €500 are cash transactions, gambling activity and cryptocurrency transactions. Click here for the list of ineligible or excluded transactions.
25% Interest Refund Each Month
The 25% interest refund the Reward Plus card offers makes this card so valuable and worth it especially to those that don’t pay off their outstanding balance each month. You will be charged a retail interest on your outstanding balance each month. With this 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. Please note that interest charged on cash withdrawals are not included in the interest refund. See the Avant Money Refund Reward Plus Card FAQ. In this regard, the Reward Plus Card makes our best credit card pick for long term value.
Most credit cards do not charge any annual fee but with the cash back and interest refund you enjoy from this card, the no annual fee is a a great value add. The fact that this card does not charge any annual fee makes it easy card to hold onto for a long time.
16.8% Interest, 22.9% APR
16.8% standard interest rate for purchases, transfers and cash withdrawals
Money Transfer Facility Available
The Avant Money Reward Plus One Card gives you the option of a flexible and fast transfer up to 95% of your credit limit into your current account. This is many cases may be cheaper than an actual overdraft from the bank and saves you overdraft fees and charges.
» MORE: Best Money Transfer Credit Cards
Avantages® loyalty programme
Access to advantages loyalty programme portal or app and get over 300 offers, discounts and less restrictions from 100’s of your favourite top brands. In addition to this you get exclusive experiences, customer days, and competitions for you and your family. On the portal you also get access to learning to improve your professional skills and work out videos to improve your health.
» MORE: What to expect from Advantage Loyalty Programme
Main cardholders can get up to three additional card holders to their account at no extra cost. Cardholders can share their credit limit with family and they will receive their own card and PIN.
You Might Want To Consider a Different Credit Card
Other Cash Back Cards Available
Even though the Reward Plus Card offers a one off €150 cash back for an ongoing cash back there are better alternatives in the market like the AIB Platinum Visa Card that offers 0.5% cash back per annum for as long as you hold on to the card (terms apply).
Fees and Charges are Extra High
Take time to review the fees and charges that apply to the Reward Plus Card. Items like late payment fees, returned direct debit, or even over limit fee are on the high side. You may want to consider this before you apply.
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.
Frequently Asked Questions on Avant Money Rewards plus
Are all transactions eligible for the €150 cashback?
Travel, gambling and spend on services do not qualify for cashback. For instance flights, care hire, GP, hospital care, electricity, broadband bills, hotel accommodation and gambling
Can rewards be used to pay outstanding monthly balance?
No you can not use your rewards to pay off your interest at the end of the month.
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.
