Remember that any lower introductory rate on balance transfers only applies to your pre-existing balance amount. The time for convenience is now! Check more details about all these credit cards here. Emma has a degree in Business and Psychology from the University of Waterloo. More about bunq Here. Balance transfers at one great promotional rate. We value our editorial independence and follow editorial guidelines. Acceptance by insurance companies is based on things like occupation, health and lifestyle. Best long-term balance transfer offer. If you’re unsure, talk with your provider about the option for transfers. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria. What's more, you'll also get 0% (fixed) interest on any purchases for the first 3 months too. Convert funds and make payments overseas with the Wise debit card. Also – all credit cards will charge extra fees when used to purchase in non-Euro currencies – you can see those currency charges here . (Visa) KBC’s credit card is interest-free for 6 months just on balance transfers. To view the rates for all other currencies visit the Visa website.. No annual bank fee: a Government stamp duty of €30.00 is charged annually per credit card account. With a Chill Money credit card you can transfer your balances from existing credit cards to one convenient place. Santander 18 month balance transfer card - Apply here; Transfer fee: 0%. Send this to your new credit card provider so you are not charged stamp duty twice in the same year, charges when using credit cards and debit cards to spend in non Euro currencies, Comparison of Electricity Prices in Ireland, Where to Buy Dogecoin and Other Cryptocurrencies in Ireland. Revert rate: 21.99% p.a. To get the most out of your balance transfer card, make all efforts to pay off your balance during your promo period. 0% interest on balance transfers for up to 15 months from account opening, with a 1.99% transfer fee. Thinking Money reports that the Ryanair/MBNA Ireland Gold credit card has raised the bar in Ireland by offering 0% interest for the first 10 months on balance transfers. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market. Our how to buy guide will let you in on what you need to know about buying, selling and trading BSV. (Mastercard). By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Once the promotional rate has expired, the standard variable rate applicable to your account (16.8%) will apply thereafter. Apply online to enjoy 0% interest on balance transfers for 15 months. How much money could you save? A balance transfer is a result of moving all or part of your existing debt to another card provider or lender, typically to save money on the overall interest you’d pay on that debt. Balance transfer offer: 0% p.a. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. The promotional APR for balance transfers for Platinum Visa, Illini Visa, and Illini Visa with Rewards cards is 0% until January 2022. Balance transfer cards offer new customers the opportunity to transfer most types of debt to a new card with a low or no intro APR, buying some breathing room to more wisely budget their finances. In this way, your new credit card helps you pay down your old debt — or pay it off completely. Rewards on balance transfers vary by lender, but most will not allow you to earn rewards on your transferred amounts. Many balance transfer credit cards charge a fee to move your existing debt to the card — typically 1% to 3% of the balance you’re transferring. Sainsbury's Bank has a new 29-month balance transfer credit card Credit: Handout. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan. Balance transfers are limited to 95% of your available credit limit. You will usually pay the regular interest rate (which will be higher) on any additional purchases on the new card. Furthermore, the Citi Diamond Preferred Card has a 0% intro APR for all balance transfers 21 months after the first balance transfer is initiated on the credit card. - The MBNA/Ryanair credit card is now the balance transfer credit card to be beaten. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Pay 0% interest for 6 months on your outstanding balance by simply transferring it from another bank's credit card to your Standard Chartered credit card. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Compare 0 percent APR timelines: Some balance transfer credit cards let you enjoy a 0 percent APR for longer than others. When you take out a balance transfer credit card, you’ll specify which balances from other cards you want to transfer. You should consider whether the products or services featured on our site are appropriate for your needs. When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. for 36 months with no balance transfer fee. - Ireland's adoption rate of 0% balance transfers has been historically poor, and yet offer exceptional consumer savings on credit card payments. See which credit card has the lowest interest rate here. With most providers, yes. How do balance transfers work? If you plan to transfer debt after you’re approved, you can typically call your credit card provider or initiate your transfers online. However, we aim to provide information to enable consumers to understand these issues. But you’ll need to contact your old bank to close your existing accounts once your transfers are complete. Check with your bank to see if it allows for online transfers. If your application is approved, your debt is automatically transferred to your new card. It’s only after you’ve been approved for the credit card that you can complete those transfers, typically within a certain period of time. HSBC Platinum Credit Card. Emma Balmforth is a producer at Finder. A balance transfer credit card lets you move the existing balance from one or more credit cards you already have onto one single new card – which has a low or 0% interest rate for a set period. Also – check out our page on charges when using credit cards and debit cards to spend in non Euro currencies, Tip : If you are switching all your debt from one credit card to another – don’t forget to write to your old credit card company asking them to close your account and cancel your card. A detailed review of the exchange rates, fees and processing times for Ulster Bank international money transfers. Finder is committed to editorial independence. 2. Our guide empowers you to determine if transferring your credit card balance is the right solution for your budget and needs. To avoid losing your 0% intro rate, you need to repay the minimum amount due on your card monthly. step 1 Compare interest rates and balance transfer options and find the best credit card for you step 2 Choose and complete your credit card sign up in minutes How to compare credit cards Comparing credit card providers is easy with bonkers.ie. Balance transfer credit cards offer the following benefits: Like most financial tools designed to help those in debt, balance transfer credit cards aren’t without a few risks. Solid creditworthiness typically results in a higher limit — and therefore a bigger bite out of your owed debts. You can transfer your balance from most credit cards … finder.com.au is one of Australia's leading comparison websites. The promotional balance transfer fee is 3% or $10, whichever is greater, for balance transfers processed 1/1/21 – 6/30/21. With your standard high-APR card, the majority of your monthly payment first goes toward the interest you’ve accrued on your purchases — the rest is applied to the purchases themselves. 2) If you have a balance of, say, €5,000 , transfer this to An Post and get 15 months' interest-free, but tear up your An Post Credit Card and don't use it. Most 0% balance transfer cards charge a balance transfer (BT) fee. All of your potential fees and rates should be available in relevant disclosure documents for your card. If you are unsure you should get independent advice before you apply for any product or commit to any plan. Any remaining balance left at the end of the introductory period — including the original balance transfer — reverts to a higher APR. Please read our website terms of use and privacy policy for more information about our services and our approach to privacy. No credit check, no stamp duty and No currency fees . When applying with a new card provider, you can give them an idea of how much you’re hoping to transfer. Balance Transfer credit cards are a great option if you are currently carrying a balance on another interest-bearing credit card. If you’re approved for the card, the amount that’s ultimately repaid to your old creditors is determined by the credit limit on your new card. We encourage you to use the tools and information we provide to compare your options. Tip: There is a prepaid “easyTravel Card” available from Dutch online bank Bunq that is treated as a credit card. To avail of the 0% interest rate on Balance Transfers, you must take up the offer within the first 3 months of opening your Chill Money credit card account. 0% (fixed) interest on balance transfers and purchases. It can also be a specified amount, for example $7.50. N26 is an online bank. Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. Balance transfer fees Many balance transfer credit cards charge a fee to move your existing debt to the card — typically 1% to 3% of the balance you’re transferring. PTSB is offering 0% i nterest on balance transfers for 6 months plus 0% on purchases for 3 months. This card also offers 0% APR on all purchases for the first 12 months then eventually a variable APR rate kg 14.74% to 24.74% based on the individual’s credit score. The balance transfer limit is subject to credit limit. Apply Here. Cheapest Rural Electricity Charges in Ireland. You may transfer a balance from a different institution's credit card (subject to status and approval). Get the best balance transfer offer on the market* with the An Post Money Credit Card. A balance transfer credit card is much like your typical credit card. Keep an eye out for balance transfer fees, the revert APR you’re charged at the end of your promo and any annual fees you’ll pay to use the card. When you apply for a balance transfer card, you’re asked to list your creditors and the amount you want your new card provider to repay them. "Transferring outstanding debt to a 0% balance transfer credit card can be an effective way of getting your finances back on track. If you want to clear your credit card debt, you can transfer your balance to a new credit card and pay it off with a low or 0% introductory rate. Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. There are several different types of credit cards and each offers slightly different benefits, the main types of credit cards in Ireland are: these cards offer 0% interest on new purchases for an introductory period. Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. Using your card abroad: Click here to see the exchange rates for non-Euro EU/EEA currencies on credit cards. Use this guide to find out more. Deliveroo is set to go public, here’s what you need to know if you’re looking to buy in from Ireland. Depending on how large your existing debt is, the interest you’ll save by moving your debt to a 0% balance transfer card could far outweigh this fee. Bank of Ireland offers 7 months interest-free credit on balance transfers – OR 0% for 6 months on purchases (Mastercard). These credit cards often offer a low or 0% introductory APR for balance transfers so you can consolidate other credit card debt onto one card … She has written for a variety of publications including World Nomads, Trek Effect and Uncharted. What is the Average Electricity Bill in Ireland . Once you’re approved, the credit card company then pays off the creditors you listed on your application. Roblox is set to go public, here’s what you need to know if you’re looking to buy in from Ireland. She is passionate about helping people make financial decisions that will benefit them now and in the future. Depending on how large your existing debt is, the interest you’ll save by moving your debt to a 0% balance transfer card could far outweigh this fee. It’s a one-time fee you’re charged when you move a balance from your old card to your new account. finder has access to track details from the product issuers listed on our sites. Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. Our Balance Transfer Credit Card Enjoy up to 22 months with no interest to pay on balance transfers​ 0% interest on balance transfers for up to 22 months from account opening, with a 2.99% transfer fee. Monthly payment to clear £1,000 balance over term: £55.55 While we receive compensation when you click links to partners, they do not influence our content. 0% duration: 29 months Transfer fee: 2.75% (min £5) Rep. APR: 21.9 (variable) Why we chose it: HSBC won’t charge you any interest on balance transfers for 29 months, though its interest-free window is shorter than some at 60 days as opposed to the typical 90-day window. For example, 2% with a minimum of £4. We are an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Yes. No, it’s not likely. Enjoy hotel getaways, fine dining, golf and spa breaks with Mastercard priceless offers, along with fraud protection through their chargeback scheme. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. The minimum repayment amount is 2.5% or €5, whichever is more. Check out what Revolut offers and see if you can save more on this digital bank with discount codes and deals. Switch your credit card balance to permanent tsb and get 0% (fixed) interest on the balance transfer for the first 6 months. Robinhood is expected to go public, here’s what you need to know if you’re looking to buy in from Ireland. Having a second card available can be a good idea in case of bank IT problems. Everything we know about the Didi Chuxing IPO, plus information on how to buy in. While we are independent, we may receive compensation from our partners for featured placement of their products or services. The only difference is that you’ll complete a separate section of your application dedicated to balance transfer. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness. We are not a product issuer, credit provider or financial advisers nor are we a credit intermediary or broker. Low promotional rate of 0% for 15 months; Valid for transfer 90 days from opening account; No transfer fees; Minimum balance transfer €100; Maximum balance transfer up to 95% of credit limit; Transfer complete in 1-2 business days; Make minimum monthly payment and stay within total credit limit to keep rate Cost of transferring £1,000 balance: £0. Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. HSBC Balance Transfer Credit Card. More about that here. More here about Prepaid Debit Cards in Ireland from Bunq ,Revolut and others. This is a fixed promotional interest rate for up to 9 months. A good debit card for spending in non-Euro currencies is the N26 Mastercard – there are no extra fees when making purchases in non-Euro currencies. Make sure you read the fine print to know how many days or months you have to get it done. Introductory rates tend to last for 3 months, 6 months or 12 months. If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. Bank of Ireland offers 7 months interest-free credit on balance transfers – OR 0% for 6 months on purchases (Mastercard). If you don’t qualify for the total amount you requested for repayment, your creditors are paid off in the order listed on the application, stopping when your credit limit is reached, less any fees per transfer. We try to take an open and transparent approach and provide a broad-based comparison service. Applying for a balance transfer card is much the same as applying for any other credit card. Eligibility varies by provider but is typically open to permanent residents who are at least 18 years old. While a few providers offer transfers completed in just a few days, it can take anywhere from one to three weeks. To enjoy our 0% offer on balance transfers, you need to make your transfers within the first 3 months. But you’ll find plenty of balance transfer cards that accept those with poor credit too. Interest on balance transfers is charged at 0.0% for 7 months. For example Bank of Ireland offer an interest free period of 7 months on balance transfers – OR 0% for 6 months on purchases. Some credit cards may also offer zero interest on purchases for several months – this can be good if you have a specific large purchase in mind. After you’ve confirmed your eligibility and weighed the APRs, intro periods and fees of all your options, complete your balance transfer credit card application with your personal information and financial details, carefully reading the terms and conditions before submitting it. We compare from a wide set of banks, insurers and product issuers. Added to your balance, this fee is typically 1% to 3% of the amount you’re transferring. But you can only spend money that is on the card. The BT fee is expressed as a percentage of the debt you transfer, with a minimum cash amount. Lower rates typically run for 6 to 18 months, after which the interest reverts to a higher rate. “Transferring outstanding debt to a 0% balance transfer credit card can be an effective way of getting your finances back on track. A 0% balance transfer credit card can be a very good idea — when used properly. The second-longest 0% period available at the moment is the Santander All In One credit card - offering 30 months of 0% interest on balance transfers. You can apply for the new card on the Sainsbury’s Bank website … But it comes with an opportunity to transfer high-interest debt to a new card, offering a lower rate on those transfers for a limited time. In Ireland, there is no difference in consumer protection against fraud or non-supply of goods provided by credit cards or debit cards. Other charges may apply. A balance transfer facility allows you to move your existing debt — from other local cards’ balances — to a new card with a lower rate, sometimes as low as 0%. This comes with a … If you’ve already paid the €30 government stamp duty in the current tax year, then they will send you confirmation that your account is now closed. Amazon Prime Student in Ireland : Six Months Free Trial. Read more here about N26 Bank Account charges compared to other Irish banks. When you transfer your existing credit debt from a high-interest credit card to a new credit card with a 0% balance transfer offer, you give yourself time in which you can pay the debt down with no finance charges. Read our comprehensive guide to the Aeternity smart contract platform and how to buy Aeon (AE), Aeternity’s native currency. It will be accepted for car hire and hotel bookings. Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. Steer clear of these common pitfalls when you make your next balance transfer. Based on our assessment of your circumstances we may offer a 0% interest period of 19 or 16 months instead Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service. If you continue using your credit card after a 0% balance transfer, you greatly reduce the benefit of it. Moving your credit card balance using a 0% balance transfer deal could potentially save you hundreds of euro and help you pay off what you owe faster. 1. We may also receive compensation if you click on certain links posted on our site. 0%* introductory offer on balance transfers for 7 months. To avoid late fees and other penalties, make sure your old debt is fully paid before you top payments to that card. Applying for a balance transfer credit card is just like applying for any other card, only you’ll list your creditors and the amounts you wish to pay to each. She enjoys backpacking, reading and taking long hikes and road trips with her adventurous dog. Optional, only if you want us to follow up with you. Review the terms and conditions for the specific card you’re considering to learn more. Here, you’ll provide your creditors’ information, account details and how much of your old debt you’re looking to pay. Minimum balance transfer amount is £100. Generally, you can’t conduct a balance transfer from one account to another under the same bank. - … We provide tools so you can sort and filter these lists to highlight features that matter to you. Many of the banks in Ireland have special introductory interest free credit card offers for new customers.These offers can be useful if you have a large balance on an existing credit card and the new card provider is offering zero interest on balance transfers. Make sure these fees aren’t more than your potential savings before applying. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. It’s a convenient and simple way to make transfers. This can save you a tremendous amount of money. Balance Transfers do not earn cash back and will have a fee of either $5 or 3% of the amount of each transfer, whichever is greater. Card details. You may have to pay a small balance transfer fee to do this, but many credit card providers in Ireland currently offer fee free balance transfer deals. You will also still be expected to pay a minimum payment each month. Learn how the Atomic Wallet lets you perform cryptocurrency atomic swaps and keep your crypto safe. How to invest in the Didi Chuxing IPO from Ireland, Review: Ulster Bank international money transfers, How to buy, sell and trade Aeternity (AE), How to invest in the Deliveroo IPO from Ireland, Wise (TransferWise) Multi-Currency Account review. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.