Avantcard Cashback €144 per year - New & existing customers
- Thread starter Chuckey
- Start date
I found the following under credit card faq's:
"The Cashback option was removed from Reward+ on 19 Jan 2022, customers who have the Cashback reward receive 1.25% paid on shopping and entertainment..."
I'm hopeful we'll retain it but it's not the strongest statement ever. Roll on early march and we'll know one way or another.
Is cashback in our T&C's? If it is I presume any change would require them to notify us in advance.
I'd h
If they were removing it from existing customers, they'd have written to inform them. If nobody has received any info on this, I'd take it the cashback continues for those who already have the card
I'd be surprised if they left but I can see why they might do away with some of the perks. Ulster and KBC leaving means less competition. These people will be looking for a credit card regardless so you don't need to offer the same level of incentives to get new business (or retain existing business).
Avant may not want to take on board every displaced credit card customer that is coming down the line.
In that instance the card holder will probably be charged the stamp duty on their last bill and be issued with a letter of closure once KBC exit. The letter can then be presented to a new credit card provider and should mean they avoid being charged twice in the one year.
That assumes the KBC credit card account is closed before you open a new one. If you have two open at the same time then you will be charged stamp duty twice.
Yes OK but what if one chooses not to take out another credit card?
The duty is payable in arrears, e.g €30 due on 1st April 2022 for the year 2nd April 2021 to 1st April 2022, so pro rata refunds are irrelevant. The duty is also due upon closure of an account, provided the card was used during the year, irrespective of whether you open another card account or not. The only concession is that there is no stamp duty due on the second (and subsequent) card(s) provided the trail of duty paid letters is maintained.
Full details on the revenue site, here:
www.revenue.ie
Full details on the revenue site, here:
Credit cards and charge cards
Financial institutions generally collect Stamp Duty on 01 April, in arrears, unless the account has been closed during the year
www.revenue.ie
Doubt it as, even in normal circumstances, you pay the stamp duty if you've had an active credit card for even one day of the previous credit card stamp duty year.
Avant seems to have dropped the €12/month cashback from the One card. It didn't show up on my January statement, and there's no longer any mention of it on their website: https://www.avantmoney.ie/credit-cards/one-card
The only cashback offer seems to be on the Rewards card, which has a once-off €100 when you open the account, plus a partial refund on interest if you don't pay the bill.
Any Irish credit cards offering monthly cashback these days?
The only cashback offer seems to be on the Rewards card, which has a once-off €100 when you open the account, plus a partial refund on interest if you don't pay the bill.
Any Irish credit cards offering monthly cashback these days?
It was removed a year ago for new applicants. No mention what would happen for existing card holders. However, I can confirm I got it every month since up to and including December. Will find out in the coming days of it lands for January.
It's still noted in the rewards section
Credit Card FAQs
www.avantmoney.ie
Haven't looked in a while but a year ago the only alternative was AIBs platinum card. It still seems to offer cashback.
Platinum Visa Card
It's still listed at the bottom of the rewards section:
What is the 1.25% Cashback Reward? (Accounts opened before 19 Jan 2022)
The Cashback option was removed from Reward+ on 19 Jan 2022, customers who have the Cashback reward receive 1.25% paid on shopping and entertainment spend, including online, shopping for groceries, department stores, clothes & shoe shops, chemists, hardware, electrical, petrol stations, restaurants, concert tickets and public houses...That hasn't changed in almost a year.
As MugsGame says it is usually the last couple of days in the month it gets paid so it might be tomorrow or Tuesday before it appears on your account. If you didn't receive it in late December might it be that you had no eligible transactions?