Bank of Ireland Classic Credit Card Review: Works Well As An Everyday Spending Card with Instalment Option
If you want a card that gives you the freedom to spend and incur no annual fee or transaction fee except for non-euro transaction. The Bank of Ireland Classic Credit Card is the one for you and works fine as an everyday card.
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Summary:
This classic credit card comes free of annual fees and in addition to its offers of 0% interest rate on balance transfer for 7 months or purchases for 6 month, including Mastercard priceless offers and benefits which makes it worth it.
Pros:
- 0% fixed interest on purchases for first 6 months1 or 0% fixed interest on balance transfers for first 7 months
- Low cost instalment option
- No transaction fee except for non euro transaction
- 24 hour approval
- Mastercard priceless exclusive offers and experiences
Cons:
- Interest rate/APR after inro offer period is the highest in the bank of Ireland credit card family
- No cash back offers
Classic Credit Card
- Monthly Fee: €0
- Intro Offer: 0% on all purchases for first 6 months or balance transfers for 7 months
- Interest Rate: 16.12% variable on all purchases
- APR: 22.1% variable
- Currency Conversion Fee (POS/ATM): 2.25%
- Stamp Duty: €30 annually
- Balance Transfer: 0% on balance transfers for 7 months
- Additional Card Fee: €0
- Late Payment Fee: €7.50
- Cash Advance Fee: 1.5%
Bank of Ireland Classic Credit Card Product Details
- Intro Offer: 0% fixed interest on purchases for first 6 months or 0% fixed interest on balance transfers for first 7 months!
- Exclusive offers and experiences: Bank of Ireland classic credit card is on Mastercard payment network and will get access to exclusive experiences, offers and benefits in Ireland or when exploring other destinations abroad with MasterCard Priceless Cities.
- No annual fee but €30 Government stamp duty.
- Instalment option at a lower cost where you can spread the cost of big purchases of €250 or more at a great low interest rate
- Free Additional Cardholders: Add up to 3 additional cardholders and pay government stamp duty only once.
View Fees and Rates
Compare Similar Credit Cards
Bank of Ireland Classic Credit Card
Annual Fee €0
Introductory Offer: 0% fixed interest on purchases for first 6 months or 0% fixed interest on balance transfers for first 7 months!
APR: 22.1% Variable
An Post Classic Card
Annual Fee €0
Introductory Offer: Credit card that offers 0% APR on balance transfers for 12 months. Best alternative for a credit card balance transfer.
APR: 22.9% variable
An Post Money Flex Credit Card
Annual Fee
€0
Intro Offer:0% fixed interest on purchases for first 9 months
APR: 15.07% or 22.9% variable
What are the Benefits and Perks of Classic Credit Card?
Card type: It is a classic credit card that offers low cost instalment option.
Annual fee: The Bank of Ireland Classic Credit Card charges no annual fees. Considering the rewards and benefits from Mastercard priceless which makes it worth the value
Intro Offer Interest Rate: 0% fixed interest on purchases for first 6 months or 0% fixed interest on balance transfers for first 7 months
» More: Credit Cards with Instalment Option
Exclusive Offers and Experiences: Access to exclusive experiences, offers and benefits in Ireland or when exploring other destinations abroad through Mastercard Priceless
» More: What to expect from Mastercard Priceless
Free Additional Cardholders: Add up to 3 additional cardholders and still pay government stamp duty only once.
Foreign transaction fee: No transaction fee when you use your credit card to pay for goods and services on Euro transaction and 2.25% on non euro transaction
» More: Credit Card with No Foreign Transaction Fee
Application Approval: Your classic credit card application will normally take 24 hours for existing customers of bank of Ireland when the bank is receipt of all relevant information and documentation. For non Bank of Ireland customers it may take longer.
Click here to see the terms and conditions that apply to Bank of Ireland Classic Credit Cards
You Might Want To Consider a Different Credit Card
Short 0% Intro Interest Rate on Balance Transfer: The 0% interest rate for balance transfers is only for 7 months, is not much of an incentive to keep using the Bank of Ireland Classic Credit Card because there are cards that offer longer time periods. So if you are looking to carry balance from an existing credit card into a new one for a longer period, An Post Money Classic Credit Card is your best alternative. You are able to lower your interest payments on balance transferred for as longer than 7 months at least.
Short 0% intro period on New Purchases : If you are interested in a credit card to make large purchases and pay it off over a longer period with 0% Intro APR, the An Post Money Flex Credit Card is a better alternative as it will get you a reprieve from interest on new purchases for 9 months which is 3 months longer than the Bank of Ireland Classic Credit Card.
The Highest APR credit card in Bank of Ireland: The classic credit card is the bank of Ireland’s highest APR card, you can find other bank of Ireland cards with similar features at lower interest rate. With a high APR, you have a lower incentive to keep the card long term.
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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