Advanzia Master Card Gold » Test & Erfahrungen

Interest charges:

• 19.44% Interest rate
• free credit card
• No fees
• High security
• High level of data protection
• 24/7 customer service
• 100% trustworthy

TOP OFFER FROM ADVANZIA BANK

Mastercard Gold

• permanently completely free of charge
• Pay worldwide for free
• 5% travel credit with best price guarantee
• 5% cashback on rental cars
• including insurance benefits

General information

Table of contents

• TOP OFFER FROM ADVANZIA BANK
• General information
• Security
• Customer support
• Advantages
• Disadvantages
• Conclusion
• Experiences

Although the Advanzia MasterCard Gold is the bank’s main product, it should also be mentioned that the bank offers savings accounts with very attractive interest rates. In credit card comparison tables, it usually achieves top rankings or even outperforms other card providers. Advanzia Bank offers customers a free credit card, meaning no annual fee, and a wide range of additional services, including benefits for travelers.

Security

As with all credit cards, the customer will receive a personal PIN for this card separately, and is responsible for its protection and confidentiality from the moment of receipt. In their own interest, the cardholder should always be vigilant and question any suspicious payments they did not authorize to prevent unauthorized use of the card.

In case of card loss, customers can use the telephone service to block the card. A replacement card for emergencies will be provided free of charge.

For purchases and transfers made online using the card, the MasterCard SecureCode procedure is used. This procedure is free of charge and ensures maximum security for online transactions. Customers can also choose the option of using a mobile TAN.

Customer support

The card can easily be applied for online on the Advanzia Bank website by entering your personal details and account information in German. The terms and conditions, travel insurance terms and conditions, and pre-contractual consumer information are available online in advance. Current rates can be easily calculated using the calculator. The card is then sent very quickly by mail and is ready for use.

Generally, no documents are required for the card application. However, in very rare cases, if documents are necessary, they will be sent by mail upon request. The standard credit check with the German credit bureau Schufa is not performed, as this is a Luxembourg-based institution and therefore Schufa has no jurisdiction. Customer support is available 24/7 via a toll-free number and is conducted in German. Postal addresses in Trier and Munsbach are also provided for written inquiries.

Advantages

• No basic card fee, and that’s permanent.
• No fees for cash withdrawals worldwide
• No fees for use abroad
• no foreign currency fee
• seven weeks until the payment deadline interest-free
• Discounts are offered on certain services (e.g., rental cars, travel, etc.) when paid for with the card.
• Credit card is issued without a Schufa credit check or other collateral.
• A separate current account with Advanzia Bank is neither necessary nor possible.

Disadvantages

• No automatic debiting of the credit card amount from the clearing account; the cardholder must transfer the amount themselves after receiving the online invoice (this requires constant monitoring of email inboxes and spam folders to avoid missing any invoices!).
• High interest rate for exceeding the deadlines for settling credit card balances (currently 19.44% effective annual interest rate)
• If the deadlines are exceeded, the entire period from the first day will be subject to the high interest rate.
• High interest rate for cash withdrawals from ATMs from the day the cash is supplied (currently 19.44% effective annual interest rate)
• The credit card account cannot be managed as a credit account, even if a savings account with Advanzia Bank has a credit balance.
• The insurance coverage offered with the card is not always sufficient (There is a risk of underinsurance in the event of a claim)

Conclusion

The Advanzia MasterCard Gold is a card for very disciplined and punctual payers, as it grants a cost- and interest-free credit period of 7 weeks, just like the Comdirect credit card. For cash withdrawals, a cheaper card from a credit card comparison tool is recommended, as there are indeed better options available.

This card is also available to customers who would otherwise have no way to obtain a credit card. However, those who cannot meet the payment deadlines on time will pay significantly more, and the risk of over-indebtedness through the use of the card is very real.