Credit cards are offering a lot of different rewards to try and get your business, but when do you know what card you should be going for? It is hard to discern between two cards because they are very similar, but in this article we will show you a few things we looked at to review the card.
Number one the MBNA Carlow GAA card is a visa, which is the most prominent logo around the world. You will be able to use the card on vacations around the world as well as for online purchases, which is one mark in its favour.
Next you have the option of showing your support to your favourite team, without it costing you a thing. With the Carlow GAA card every time you make a purchase MBNA has to make a contribution to the Carlow Club. The funds are used to develop the game in Carlow and there are other benefits to you.
You have the benefit of 1.9 percent APR on balance transfer purchases for six months. This is an introductory offer in which you get to make the most of any balance you are paying too high of an interest on. The offer starts on the day the account is opened. If you can pay off the balance in six months at a rate of 1.9 percent annually you are paying about .1610 percent a month. That is small potatoes compared to the 16.9 percent that a balance transfer would be after that period.
You also have the 16.9 percent annual percentage rate for purchases from the date the account is opened. While there are some cards offering a smaller interest rate, this is the typical standard variable rate being offered by most companies. Therefore it is about the best rate you can hope to receive when you are in good standing with your credit and have the income to support the card.
Credit cards work so that you don’t have to pay interest as long as you pay off the balance in full and on time every month. You can also earn a 58 days of free interest on purchases if you pay the entire balance off every month.
You should know that the lower rates of interest such as the balance transfers will be paid before the higher interest rates. This means if you use the card for purchases, that amount will remain on the card until you can pay off the balance transfer. Most cards have a balance transfer handling fee as well, so remember to ask about that before applying.
The Carlow GAA card offers a great deal of the same perks such as an introductory offer, similar interest rate, and terms and conditions. The real difference comes from the rewards. As you use the card the club gets a contribution that was no cost to you. These contributions help to establish more rewards, so if you want to support the Carlow team this is the right card for you.