Is a credit card right for you?

A credit card can be a useful financial tool, offering flexibility, security and a range of features to suit your everyday spending. However, a credit card may not be the right option for everyone.

Before applying, think about how you plan to use the card and whether it suits your financial needs and circumstances. Below are some key points to consider.

 Need flexible access to credit - A credit card helps cover unexpected or short-term expenses. You can repay in full or spread repayments over time.

 Want to spread the cost of larger purchases - Some credit cards offer introductory low interest rates, making large expenses easier to handle. Paying in full each month helps you avoid interest.

 Would like a secure way to pay - Credit cards offer fraud protection and dispute resolution, making them safer than cash for online shopping and travel.

 Are looking to manage existing credit - You may be able to transfer a balance from another card to ours at a lower interest rate, helping you save on borrowing costs and simplify repayments.

 You need a fixed loan for a long period (a personal loan may suit better).

 You are facing financial challenges or debts.

 You usually pay only the minimum each month.

 You plan to use it mostly for cash withdrawals, which have higher interest rates.

A good first step is to understand how credit cards work and what responsible borrowing means – so you can make a choice that suits your needs.

If you’re unsure, speak to one of our advisors. Our Customer Service staff are available on (01) 6685500 (or +353 1 6685500 from abroad), 9:00 -17:00 Monday to Friday (except bank holidays).