Bank of Ireland Platinum Credit Card: Check everything you need to know

05/07/2025 • Marcos Vinicius • Credit Cards

The Bank of Ireland Platinum Credit Card is a top-tier financial product designed to cater to consumers who are looking for a blend of premium perks and financial stability.

A unique feature of this credit card is that it supports individuals who may have faced negative financial standings previously.

This card is an ideal choice for individuals seeking a card with low interest rates and a robust introductory offer.

Supports individuals with less than perfect credit histories.
Offers a 0% introductory interest rate on new purchases for the first 6 months.
No transaction fees on Euro currency purchases.
Includes free multi-trip travel insurance as part of premium Mastercard benefits.
Provides a low-cost installment plan for larger purchases.
Features the lowest interest rate option from Bank of Ireland at 13.79% variable.

In summary, this credit card stands out with its supportive stance towards individuals aiming to improve their financial health, alongside offering a comprehensive range of perks to its users.

Benefits of Bank of Ireland Platinum Credit Card

The Bank of Ireland Platinum Credit Card is packed with features that cater to those who are looking to maximize the value of their financial activities.

Below are some key benefits that cardholders can enjoy.

0% Introductory Interest Rate

Enjoy 0% interest on new purchases for the first six months or 0% on balance transfers for the first seven months.

No Euro Transaction Fees

Make purchases in Euro without any transaction fees, enabling cost-effective local spending.

Free Multi-trip Travel Insurance

Avail of complimentary travel insurance, making it easier to travel worry-free knowing you're covered.

Low-Cost Installment Plan

Turn large purchases into manageable payments with the card’s low-cost installment plan options.

Easy Online Application Process

Apply easily and quickly online to get started with your Bank of Ireland Platinum Credit Card within minutes.

Who Should Consider the Bank of Ireland Platinum Credit Card?

The Bank of Ireland Platinum Credit Card is particularly designed for a niche group of consumers who seek premium services along with practical financial management options.

Individuals with previous financial setbacks who wish to improve their credit standing.
Frequent travelers who will benefit from multi-trip travel insurance.
Consumers who prefer transactions in Euro to avoid extra fees.
Those looking for a low-interest credit card to aid in large purchases or balance transfers.

Thus, if you fit into any of the above categories, this card could be a perfect match for your financial needs.

Pros and Cons of the Bank of Ireland Platinum Credit Card

Understanding the advantages and disadvantages can help you decide if this credit card aligns with your objectives.

Here’s a clear look at what the Bank of Ireland Platinum Credit Card offers, both good and not so good.

Pros

Supportive of Negative Credit Histories
Ideal for individuals looking to improve their financial history.
0% Introductory Offers
Beneficial for those seeking to save on interest through new purchases or balance transfers.
No Euro Purchase Fees
Allows for spending in local currency without additional fees.
Investment in Travel Benefits
Includes comprehensive travel insurance.
Competitive Interest Rate
Enjoy one of the lowest interest rates offered by Bank of Ireland.

Cons

Annual Fee of €76.18
Could be a downside for those who prefer no-fee options.
Currency Conversion Fee of 2.25%
Applies when using the card for non-Euro transactions, which can increase travel costs outside the Eurozone.
No Cashback or Rewards Program
May not be suitable for users interested in earning rewards or cashback.
Stamp Duty Fee
An additional €30 annually which could influence overall costs.
Higher Salary Requirement
Might not be accessible for individuals with lower salary brackets.

Why Uyotem Recommends the Bank of Ireland Platinum Credit Card

At Uyotem, we understand the importance of selecting the right financial products for our esteemed readers.

The Bank of Ireland Platinum Credit Card is a standout choice due to its unique combination of low-interest rates and invaluable features.

Its tailored for individuals who are not only looking to manage their finances more effectively but also want to enjoy premium benefits without being bogged down by hefty additional costs.

The card supports users with previous negative credit histories, offering them a chance to rehabilitate their credit profile.
The 0% introductory offer is significant for saving on interest for both balance transfers and new purchases.
Premium benefits, including travel insurance, add unmatched value to your financial toolkit.

How to Apply for the Bank of Ireland Platinum Credit Card

Applying for the Bank of Ireland Platinum Credit Card is a straightforward process thats designed to get you started on your financial journey swiftly.

Access to the card website

Call 0818 200 412 for customer support from Monday to Friday, 9am to 5pm.
Visit Bank of Ireland’s personal banking website to apply online quickly and easily.

Frequently Asked Questions

What is the typical APR?

The typical APR for this card is 19.6% variable.

Is there an annual fee?

Yes, the card carries an annual fee of €76.18.

Are there fees for currency conversion?

Yes, theres a 2.25% fee for transactions conducted in non-Euro currencies.

Does the card include travel insurance?

Yes, multi-trip travel insurance is included free of charge.

What is the late payment fee?

Late payments incur a fee of €7.50.

Final Considerations

The Bank of Ireland Platinum Credit Card offers a compelling option for consumers aiming to combine premium services with financial accountability.

Ideal for those with previous negative credit marks, it fosters credit improvement while offering a range of valuable perks.

At Uyotem, we are committed to providing you with comprehensive financial insights, and we believe this card aligns well with smart financial management strategies.