I was fearing that would be the case. My wages get paid into ebs and I use Revolut then for day to day banking but ebs aren’t an option for the linked banks
may just take the plunge and start getting my salary into Revolut
Details about the credit card are now on their webpage:
3-month interest free at this point but also "After that, make your repayments on time and you'll continue to enjoy interest-free spending".
Limits from €500 to €10,000.
I'm still waitlisted for loans, so zero chance of this if I even wanted one
They are teasing me with it, but in the end it's only adding me to a waitlist.
It's appeared in my hub but not in the default view beside Vaults. It just brings me to a waitlist too
No info on charges that I can see. Or what happens cashback etc after 3 months
Does mention €30 stamp duty
Pity the 1% cashback isn't permanent, or even a bonus cashback for Metal customers!
But still, great to see them launch it here
Well, if you spend more than 30,000€ than at least you get the stamp duty paid.
Plus, one would hope that the exchange rates are the same as their current offering so that will save compared to the 1.75% - 2.75% that others are charging.
But until one can actualy apply, see the T&C we won't know.
They also have changed the way Pay Later and the limit works.
Let's say you have a limit of 499€ for pay later, than now your max purchase amount is 748.50€ as you have to pay 1/3 at checkout from your Revolut balance and then will be charged the remaining installments one and two month later (including the 1.65% fee).
So, they now extend you 499€ in credit but the amount you spend can be 748.50€ because you pay 249.50€ immediately.
And the marketing is clever: "Spend up to 1.5x of your limit".
But it's the same process as Klarna (which however does not charge a fee to the best of my knowledge)
Got that too....thought if be applying but just got to go on the wait list.
I can't wait to get rid of my BOI Mastercard (closed accounts a few years ago) assuming they give me my existing credit limit (or close to) which is a measly €6k which I rarely go anywhere near and clear in full each month anyway.
Years ago I enquired with AIB and they offered me a €500 limit lol. Stayed with BOI for obvious reasons.
I'm looking to book flights this week and the change in pay later is a godsend. Just provides a couple of hundred quid breathing room.
Avant will give you 12k as a default credit limit. Remember, it's a limit, not a target!
You can avoid paying the Govt annual €30 charge twice when switching credit cards.
The charge is levied in arrears, on April 1st. If you close the account in Feb/Mar, your bank will apply the charge in your final statement and what you do then is ask them for a 'Letter of Closure' which shows that you have paid the charge for that year (ending on April 1st). Assuming you open an account within the same charge year (e.g. Apr 2nd 2022 to Apr 1st 2023), you give that letter to the new bank and they will not charge you the stamp duty as you've already paid it for the year that's about to end.
https://www.revenue.ie/en/property/stamp-duty/other-stamp-duty/financial-cards/credit-cards-charge-cards.aspx
Didn't realise they give that match, don't need that high and as I say we pay it off every month anyway.
Don't forget to tell revolut so you don't pay the gov tax on 2 cards.
Did anybody receive their cashback from the 20% off from Dunnes a few weeks ago?
I didn't. I went into the transaction and went to report that I didn't receive it. Question 3 is to upload an invoice. They "cannot proceed without it". Great. Seems like no cashback for me as I don't keep my Dunnes receipts. Extra annoying in that the transaction in Revolut is branded "Dunnes Stores". Nothing really ambiguous about that.
There's a big thread on BA about it. Seems like it was a mistake and not actually meant to go live until 24th, but a few have contacted support and got it added manually with varying levels of helpfulness from agents.
Since AIB is removing their Money Manager, I may have to link my AIB to my Revolut.
But i am concerned that Revolut will have access to my savings and if Revolut is hacked Crypto could be bought easily on Revolut and I will loose savings.
Did anyone come across this issue?
You are misunderstanding exactly what linking does.
Linking doesn't give access to make transactions. It's a read-only view into your balances and prior transactions.
So the transfer from AIB to Revolut remains the same?
Apart from "read only balance" do they read each and every transaction?
Any drawbacks you may have observed?
Thanks
It sees every transaction cause it tries to categorise them all, the same as it does for payments made directly in Revolut.
Transferring remains the same.
Thanks awec.
I may pull the trigger and link the two...
In terms of drawbacks, it's been ages since I've used it but back when I did the two things I noticed where it wasn't great at categorizing transactions in linked accounts, and a lot of things just ended up in some general / misc category.
And I think when you link it is time limited, and you need to keep re-linking or it loses access. I think it's 30 days.
I think it's meant to be 90 days, but when I tried it out with AIB it kept getting me to re-approve the link every few days.
Yea now that you say it, I'm AIB too and it kept asking me to re-approve.
That used to happen for me, but they seemed to sort this a month or two back.
That's strange, for me I get an error telling me that it is unable to categorise transactions from the linked account, so they all show as 'transfers'. This makes a lot of the reporting fairly meaningless.
Just linked AIB with Revolut.
It says after 90 days need to relink.
Hope it goes well.
I would imagine that there Irish IBAN will have to be sorted first.Then start rolling out credit cards to their favoured customers i.e. those they can make money off.
Noted one disadvantage already today.
The AIB transaction is not updated on Revolut immediately.
![Photo of [Deleted User]](https://w9.vanillicon.com/v2/986d39601ef4118914759346a3002e13.svg)
![Photo of [Deleted User]](https://www.boards.ie/applications/dashboard/design/images/banned.png)