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Reward+ credit card

Frequently asked questions

Reward+ FAQ

  1. Cashback
  2. Interest refund
  3. Rewards

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1. Cashback

Cashback rewards of 1.25% are paid on shopping and entertainment spend, including online, that’s your shopping for groceries, in department stores, clothes & shoe shops, chemists, hardware, electrical, petrol stations, restaurants, concert tickets and public houses.

Any spend on travel, gambling or services aren’t covered by cashback; such as holidays, car hire, public transport, flights, hotels, online betting, book makers, healthcare, electricity, water and gas charges.

All merchants choose how their business is classified for spend on credit cards; if they classify their business as travel or services we do not include them for cashback rewards, for example a restaurant in a hotel, which is classified as accommodation, will not be eligible for rewards.

The categories of rewarded spend may change occasionally and updates will be displayed on our website.

Cashback rewards will be credited to your account on your monthly statement. The maximum cashback reward is €12 per month.

When will I receive my cashback or interest refund rewards?

Your rewards will be paid into your credit card account at the end of each month. This is paid a month in arrears. For example, qualifying spend from your January statement will be credited to your account in your February statement.

Where can I see how much cashback or interest refund that I have earned?

Your rewards will be displayed on your credit card statement as either “cashback reward” or “interest refund reward” - depending on which option you choose on your application.

Does cashback or interest refund count as a payment?

No. Rewards are a credit to your account; you should continue to make your payments, including your monthly minimum payment, in the usual way.

Is there a limit to the amount of rewards I can earn?

Yes. The maximum reward in any monthly statement is €12 in cashback and €24 for interest refund.

How will I know what my qualifying transactions are on my monthly statement?

We do not indicate which individual transactions qualify for cashback. As a general rule, most of your shopping and entertainment spend will earn cashback, see the table below for further details.

Will I receive cashback on everything I buy with my Reward+ card?

No. Most of your shopping (including online shopping), in grocery shops, supermarkets, department stores & hardware and your entertainment spend such as restaurants, public houses and concert tickets etc., will qualify for cashback. The categories of rewarded spend may change occasionally and updates will be displayed on our website. Please see below for a summary of the transactions which are included and excluded for cashback rewards.

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Transactions which qualify for cashback rewards

Spend quality for Cashback

Spend not quality for Cashback

 ✔ Groceries, Supermarkets, Department Stores  & Pharmacies

✖ Flights & Car Hire

 ✔ Petrol / Diesel

 ✖ Healthcare (GP's, Hospital Care)

 ✔ Hardware & Electrical Shops

 ✖ Utilities (Electricity, Broadband etc.)

 ✖Gambling

 ✔ Restaurants & Public Houses

 ✖ Hotels / Accomodation (including Food  & Beverages)

*note: the rewarded categories of spend are based on how merchants categorise their business for credit card transactions; for example meals in restaurants will qualify for cashback as they are purchased from merchants who categorise themselves as restaurants – however meals paid for in hotels will not qualify for cashback as these merchants will usually categorise themselves as accommodation. Similarly, healthcare is not covered by cashback however items bought in a pharmacy will qualify as most pharmacies categorise their business as retail shops.

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2. Interest refund

If you use your card regularly and don’t always pay off the full balance outstanding on your card you will be charged retail interest. With the interest refund reward, you will earn 15% of the retail interest charged on your previous monthly statement. The reward is paid as a credit to your card account and can then be used for whatever you like. The maximum monthly reward is €24. Note: interest paid on cash withdrawals is not included in the interest refund reward. You cannot use your interest refund to pay your minimum monthly repayment as advised on your monthly statement. Any spend on travel, gambling or services aren’t covered by cashback; such as holidays, car hire, public transport, flights, hotels, online betting, book makers, healthcare, electricity, water and gas charges. All merchants choose how their business is classified for spend on credit cards; if they classify their business as travel or services we do not include them for cashback rewards, for example a restaurant in a hotel, which is classified as accommodation, will not be eligible for rewards. The categories of rewarded spend may change occasionally and updates will be displayed on our website. Cashback rewards will be credited to your account on your monthly statement. The maximum cashback reward is €12 per month.

What is interest refund?

With interest refund you receive a percentage of the retail interest charged on your monthly statement credited back into your credit card account in the following month.

Which reward should I choose - cashback or interest refund?

Which reward you choose is entirely up to you. If you regularly use your credit card for shopping and entertainment you might feel that cashback is the better option, or if you know that you are unlikely to always pay the full amount outstanding on your retail spend then interest refund might suit you better.

When will I get my cashback or interest refund rewards?

Your rewards will be paid into your credit card account a month in arrears. For example, 15% of the retail interest from your January statement will be credited to your account in your February statement.

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3. Rewards

€30 starter bonus 

Use your card on any transaction within 90 days of opening your account and we’ll put €30 into your account to spend on whatever you like.

1-2-3 zero interest

Go interest free on – purchases for one month, balance transfers from another credit card for two months or money transfers from your Avant Money card to your current account for three months. Please note balance and money transfer offers must be used in the first 90 days after opening your account to get the promotional rates. Offers on purchases commence from the date you open your account.

What is pick & mix and how does it work?

Our Reward+ credit card allows new customers to select their preference for an introductory offer and for an always on reward.

• Introductory offers – select one of the following; 

€30 credit to your account or 

0% interest offers for purchases (1 month), balance transfers (2 months), and money transfers (3 months)

• Always on reward offers - select one of the following;

Interest refund: 15% of the retail interest paid on your statement will be refunded in the following statement or

Cashback: 1.25% of your spend on shopping and entertainment will be credited back to your account, once your statement is not in arrears.

Is there a monthly or annual service fee on credit cards?

No. There are is no account management or service fees on Avant Money credit cards. Government stamp duty: each year the government charges a tax (stamp duty) on credit cards. This charge is applicable to each unique card/account held in your name. This stamp duty may change on a yearly basis depending on the amount agreed by the government in the annual budget.

Should I choose Avant Money One card or Avant Money Reward+?

Which card you choose is entirely up to you depending on how you manage your credit card. If you have a balance from your current card which you want to bring to your new Avant Money credit card, then the longer promotional rate for balance transfers on Avant Money One card might be your preferred option. If you believe that you are unlikely to pay off the full balance on your retail spending every month and therefore occasionally you will have to pay retail interest or if you want to get cashback on your shopping and entertainment spending; then Avant Money Reward+ might be the better option for you.

Can I use the rewards to pay my bill?

No. Rewards are applied to your account as a credit and cannot be used to pay off your bill or for settling your minimum payment.

Can I mix and match the offers from Avant Money One card and Avant Money Reward+?

No. There is no option to combine the offers and features of different cards.