Pay with a plastic card or smartphone: everyday life in Sweden. In this country you are on the best way. The credit card has gained a permanent place in everyday life, be it in the supermarket at the checkout or on vacation. Many simply take advantage of the Visa or MasterCard offer from their house bank and pay an average of 30 dollars a year. It is also much cheaper or with noticeably more performance – depending on the credit card requirements. In order to find the best possible solution, also with a view to the annual fee, our credit card comparison is the ideal starting point.
Credit card comparison
How does the credit card comparison work?
Getting an overview of the different credit card offers is relatively easy. The credit card comparison is based on a few key data that can be adapted to personal requirements. First of all, it’s about annual sales. Those who only rarely pull out their credit card should set a rather small amount (the amount can be changed again and again later for further comparisons). The same applies to credit card sales abroad – wherever payments are made in a foreign currency.
If you want to have the credit card of a certain company, you can also specify this, including the type of card – for example whether it should be a gold credit card. The most important feature is and remains the billing. A distinction is made between:
- Cards with the option to pay in installments – chargeable as interest is charged.
- Cards with the amount debited from the current account in the following month.
- Cards whose sales are charged directly to the checking account (debit credit cards).
- Cards that work on a credit basis and need to be “topped up” (prepaid credit cards).
If all facets of the desired credit card have been honed, our comparison shows the best offers. Here you can then take another look at whether all of the features are really taken into account.
When do I need a gold credit card?
Golden credit cards are generally of higher value – in terms of performance – than normal master or Visa cards. The difference becomes clear when you look at the catalog of services. Most golden credit cards come with an insurance package that typically focuses on travel. The conditions must then be taken into account here. Sometimes gold credit cards also offer bonuses or discounts from several cooperation partners, for example at petrol stations.
If you rarely use your credit card, the often more expensive golden cards are of little interest. Only if you consistently use the service components of the card, the additional expenditure of 50 or more dollars per year pays off. Most users drive best with a normal credit card. Ultimately, user behavior is crucial. You should think about this before comparing credit cards.
Are prepaid credit cards only for children and teenagers?
Not at all: prepaid credit cards are also very useful for adults and adult consumers. This always applies if you use the card only rarely and actually have it with you as an emergency reserve. In addition, Credit Bureau information is not required for credit cards on a credit basis – ideal for anyone who has ever had problems with Credit Bureau.
It should be noted with prepaid credit cards that you always top up sufficient credit and that a correspondingly high amount can be topped up. Decisive are also the costs, the purchase of the card, the annual fee and all transactions. Important: prepaid credit cards are not accepted everywhere!
What are the costs of a credit card?
The aim of our credit card comparison is to keep costs as low as possible – after all, nobody wants to pay more than is absolutely necessary. With credit cards, there are several factors that have to be taken into account.
- Annual fee : It is billed each year – and is sometimes waived for the first twelve months. Usually, the higher the annual fee, the thicker the catalog of services.
- Cash withdrawals: At some banks, cash withdrawals with a credit card are completely free, even abroad. Others charge a flat rate or a percentage fee for each transaction, i.e. every trip to the ATM. That ranges up to more than 5.00 dollars per withdrawal.
- Foreign assignment fee: Since many people take the credit card with them on vacation, it can happen that a foreign assignment fee is charged. This fee applies if payments are made in a foreign currency or if money is withdrawn outside the EU or the EEA. It ranges from one percent to 2.00 and more percentage points. Sometimes it is completely eliminated – which is optimal.
Our credit card comparison is the easiest way to compare the fees.