KBC Bank Ireland is planning to introduce a MasterCard credit card in the country, as part of its strategy to introduce personal banking products.
The move follows the recent launch of current accounts and a debit card in 2013.
KBC Bank Ireland CEO, Wim Verbraeken, was quoted by Irish Times as saying that it is really completing the suite of products.
"We already had a debit card with an overdraft and it’s clear that customers expect to be able to apply for a credit card," Verbraeken added.
The new credit card will have an annual percentage rate (APR) interest rate of 18.25% on purchases. However, for the first six months, KBC will not charge any interest on the transfer balance.
Additionally, the card will offer up to 56 days interest-free credit and will feature new tap and go technology that will allow consumers to pay for purchases of 15 or less without a PIN number.