Credit
cards with introductory offers of Interest free credit on balance
transfers or zero interest rates on purchases are always on offer
to entice new customers in Ireland.
Tesco Ireland are offering 6 months interest free credit on
balance transfers and 8 months at 0% on purchases. This is
the
best offer in our opinion (Jan 2012). MBNA usually have interest free
offers too.
See all the interest free and low interest credit card offers in
Ireland here - :
Zero Interest Rates on Credit Cards
For people moving to Ireland from other countries - one of
the charges that might come as a shock is the annual government stamp
duty on credit cards - which is €30 (2012) . Credit cards
are almost essential these days if you need to buy anything online
or over the phone - so this tax is a nice little earner for the Irish
Revenue.
Switching credit cards in Ireland is not as easy as the UK
- because of the government stamp duty.
But - if you are changing to a different credit card - you shouldn't
have to pay the duty more than once a year.
Make sure you close the old credit card account . When you
are closing the old credit card account your card issuer should give
you a letter of closure stating that you have paid your stamp duty
for the year. If you give this letter to your new card issuer, you
will not be charged stamp duty by them again in that year. It is important
not to lose the letter. Only one original letter of closure can be
issued.
You can change account as often as you like during the year without
paying extra duty, as long as you transfer a letter of closure between
the card issuers each time. Don't assume that if you don't use a credit
card that you will not be charged stamp duty - you will. Make sure
you close down unused credit cards.I
Visa
Debit cards are an alternative to credit cards - at the moment
only Ulster Bank amd PTSB issue them in Ireland. Halifax used to issue
Visa Debit cards - but they pulled out of Ireland in May 2010. BOI
are planning to do Visa Debit cards in 2012.
Tip: If you are moving to Ireland from the UK - you
should be able to keep your existing Credit Cards - just tell the
providers that you are moving. You will need some way of paying it
off - i.e a current internet bank account in the country you came
from. This should not be a problem - it might be a good idea to get
one set up before you move. It will be easier to pay off any old bills
in your previous address.