AIB Credit Cards

[rosullivan2]

Hi,

I am planning to ditch my MBNA credit card and go with an AIB card (or maybe a BoI card).

There seems to be almost no difference between the AIB Click Card and the Platinum card. The click card has a lower rate on purchases, but the platinum card has a cashback facility for large purchases. Are there other differences I don't know about?

It would be easier for me to get a BoI card as I have an account with them already? Are their cards any good? I am leaving MBNA because they are (in my opinion) a rip off with their interest rates and late fees. I always pay my balance off in full, but I am often a few days late - just bad organisation on my part.

 

[DrMoriarty]

...the platinum card has a cashback facility for large purchases.

In fact the 0.5% cashback is on all purchases, once you've spent >€5,000 in a year.

...I always pay my balance off in full, but I am often a few days late - just bad organisation on my part.

That bad organisation costs you dearly; over an average year, the interest you're paying (apparently unnecessarily?) probably outweighs any of the marginal savings to be had by switching provider and/or any cashback sums you might rack up on a card like the Platinum VISA.

By all means ditch your MBNA credit card and move to AIB (I personally won't use or recommend BoI for a credit card since they pulled the plug on their own cashback scheme — see here). I'd go with the AIB Platinum VISA, since you say you always clear your full balance — but make sure you do it on time!

 

[rosullivan2]

In fact the 0.5% cashback is on all purchases, once you've spent >€5,000 in a year.

Hmmm, so I'd have to spend €5,000 to even begin to earn the cashback... Still, might be worth it over the course of a year.

That bad organisation costs you dearly; over an average year, the interest you're paying (apparently unnecessarily?) probably outweighs any of the marginal savings to be had by switching provider and/or any cashback sums you might rack up on a card like the Platinum VISA.

Yep - you're right. Maybe I should go for the Platinum card and then just get my act together and pay on time.

Thanks!