In the UK, Bank of Ireland is authorised and regulated by the Central Bank of Ireland. Bank of Ireland Group plc, whose shares are listed on the main markets of the Irish Stock Exchange plc and the London Stock Exchange plc, is the holding company of Bank of Ireland.īank of Ireland is regulated by the Central Bank of Ireland. Lending criteria, terms and conditions apply.īank of Ireland Group plc is a public limited company incorporated in Ireland, with its registered office at 40 Mespil Road, Dublin 4 and registered number 593672. Introductory Rate on Balance Transfers: N/A Standard Interest Rate on Purchases: 14.54% Introductory Rate on Balance Transfers: 2.9% fixed interest for first 12 months Standard Interest Rate on Purchases: 14.57%Īnnual Percentage Rate (APR): 20.2% APR variable Standard Interest Rate on Purchases: 13.79%Īnnual Percentage Rate (APR): 19.6% APR variable ![]() Standard Interest Rate on Purchases: 16.12%Īnnual Percentage Rate (APR): 22.1% APR variable Up to 56 Days Interest Free Purchases: Yes Introductory Rate on Balance Transfers: 0% fixed interest for first 7 months ![]() ![]() Introductory Rate on Purchases: 0% fixed interest for first 6 months Just be careful not to use the full amount unless you can afford to repay it.Added Value Rewards Programmes: Travel RewardsĪnnual Percentage Rate (APR): 22.7% APR variable Also, the best scores are reserved for people whose banks trust them with big limits. Oddly, that means someone who's used £3,000 of a £4,000 limit has a worse score than someone who's used £3,000 of a £10,000 limit. Banks judge you, in part, based on how much of your credit limit you use. Used responsibly, bigger credit limits are better. Because interest charged on money you've let carry over from one month to the next can quickly wipe out the value of the perk. But, if you're in it for the rewards, always clear your balance in full. Cash back, air miles, supermarket loyalty points, access to events and airport lounges - there are plenty of perks available if you spend money with the right card. If you're in it for rewards, pay in full. So make sure you know exactly when that is, and either have the funds lined up to clear it in full or a new 0% card waiting. At that point, you'll be charged the full APR on any remaining balance you have on the card. But, the problem arises when that 0% period runs out. If you have a 0% credit card, paying the minimum each month sounds convenient. You'll get a black mark on your credit report that lasts for years and also be stung with a late payment fee. Missing a payment could mean you lose any benefits the cards have - such as an interest-free period. Making this payment is vital, as missing it will hurt your credit score. Sometimes that's a flat charge, but usually it's a percentage of your balance. You could pay just the minimum monthly payment, which is the minimum amount your provider expects you to repay every month. Here you'll be charged interest on the remaining balance, which will be added to next month's balance. ![]() You could choose to pay off a part of the balance, and roll over the remaining balance into the next month's billing cycle. Doing this ensures that you won't be charged interest on balance you had built up. You could pay off the whole balance in full, taking your balance to zero. Every month you're expected to repay the debt that you've accrued by using your credit card. Credit cards work by linking the physical card, or account number for online spending, with the borrowing facility - that means when you pay with a card, it's your provider that pays the cash to the merchant.Īs you use your credit card, you'll build a balance of debt that you owe to the provider.
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