First Active Credit Card: Any better than the rest?

A

Alex

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i see that first active are now doing a mastercard! i am very interested in this product but am curious as to why they only offer a 500 euro credit limit. has anyone here gotten one of these cards yet, if so what do you think of it?
 
Re: First Active Credit Card!

No idea

- I imagine its something linked to RBS/Ulster Bank, perhaps piggybacking on the zinc card from Ulster ?

no mention of it on their website: [broken link removed]

Any more info available ?

Cheers

G>
 
Re: First Active Credit Card!

Alex said:
i see that first active are now doing a mastercard! i am very interested in this product but am curious as to why they only offer a 500 euro credit limit.
Click to expand...

Why are you so interested in a FA credit card over any of the others available?
 
Re: First Active Credit Card!

first active say that they are offering one of the lowest rates around and that got me interested. i bank with ub but i also have an account with first active. i would like to have a card with my own bank. i had a cc with mbna several years ago but i closed my account as i wasn't happy with them.
 
Re: First Active Credit Card!

Once again (prepares for concomitant flak) ... the interest rate charged really should be irrelevant if you use a credit card for cashflow management rather than as a source of longer term credit and make sure to clear the balance each month before interest accrues.
 
Re: First Active Credit Card!

it's handy for those who don't mind paying the interest from time to time but that is not the only reason. see above.
 
Re: First Active Credit Card!

Alex said:
i see that first active are now doing a mastercard!
Click to expand...
Where did you see this?

Alex said:
i am very interested in this product but am curious as to why they only offer a 500 euro credit limit.
Click to expand...
A €500 credit limit would seriously limit its usefulness.
 
Re: First Active Credit Card!

i saw it in a branch and i have the application form in my house. i now see that the limit can be increased if needed. 500 euro is ok to start with. i wouldn't really be a big spender with a credit card anyway.
 
Re: First Active Credit Card!

What does it (the First Active card) offer, that say, the Ulster Bank Zinc card does not?

Can you post details of:

  • Cash advance fees
  • FX fees
  • APR on purchases
  • APR on cash
  • Balance transfer rates
  • Interest free period
  • Type of card-VISA or MC
 
Re: First Active Credit Card!

type of card: mastercard
interest free period: 56 days
balance transfer rate: 0%
apr on cash: 17.7%
apr on purchases: 9.9% fixed for the first 12 months
cash advance fee: 1.5%

what is the FX fee? i am not interested in a zinc card plus i earn just under what is needed to get one of them.
 
Re: First Active Credit Card!

Thanks for the info. If they post it on their website, I may consider adding it to the Best Buys list in some form.

The FX fee is the rate they charge on converting non-euro purchases to euro.
 
Re: First Active Credit Card!

i will have a look into the FX fee and post details as soon as i can. this is a brand new product. i don't know why they haven't put any details regarding this card on their website but an information booklet can be picked up in any of their branches.
 
Re: First Active Credit Card!

It could be that they are targeting existing customers only. Any offer to the wider market would encroach on UB territory, so there could be a higher power holding them back.
 
"An administration levy equivalent to 2% of the transaction value will be charged for cash advances and purchases outside of the euro-zone"

could this be the FX fee you are talking about?
 
Re: First Active Credit Card!

Alex said:
...

apr on cash: 17.7%

....
Click to expand...



While the initial 9.9% for 12 months on purchases seems quite good, that APR on cash transactions is far higher than some of the other cards around I believe.

I doubt I'll be tripping over myself trying to get in the door of a FA store, to apply.

Cheers

G>
 
one could always switch to another cc provider after the 12 month period. i know of people that do this. it has been mentioned here too from what i can remember.
 
Alex said:
one could always switch to another cc provider after the 12 month period. i know of people that do this. it has been mentioned here too from what i can remember.
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'Rate tarting'
 
i myself have never done such a thing but i have heard about people who contine to transfer their balance from one card to another. someone also mentioned it here before a while back. i wouldn't do it as it would be too messy. i would just stick with the one credit card. who offers the lowest rate on a credit card anway? is it bosi? my mother applied for a bosi cc recently.
 
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