Ryanair targets credit card customers with new offer
Ryanair said the 10-month interest free period would allow extra time for new customers to reorganise their finances (Photo: AFP/Getty Images)
RYANAIR has launched a new credit card offering consumers who transfer an outstanding balance from another card provider 10 months of interest at 0pc in a bid to get more people to sign up for its card.
The card is provided by MBNA. Personal finance experts pointed out that the interest rates on the Ryanair MBNA card are among the highest in the market, once the zero interest period ends. Ryanair said the 10-month interest free period would allow extra time for new customers to reorganise their finances.
The 0pc rate for 10 months applies to the balance transferred from the date the account is opened. However, it does not apply to retail purchases using the credit card, but it does apply to credit card cheques issued as part of the card. The rate climbs to 14.9pc on purchases after the interest-free period and to 19.9pc for cash withdrawals, a spokeswoman for MBNA said.
- Charlie Weston
