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TUESDAY, APRIL 13, 2021 | Roman

BEST FREE CREDIT CARD: THE BIG TEST

 BEST FREE CREDIT CARD: THE BIG TEST

To give you an overview, we have taken a close look at numerous credit cards without a basic fee: Even free cards sometimes offer great convenience and many extras, such as a free second card, an emergency service or a free information service via SMS. Some of these services often even cost a cent or two more with other providers.

We put the best free credit cards through their paces. Barklay Visa came out best in our test. Customers do not incur additional costs either when withdrawing or paying. Another positive aspect of this credit card is that the debit interest rate is 0 percent. DKB also offers its customers a 24-hour hotline, a free emergency service and also pays interest on the credit balance on the card account.

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With the Visa from Santander, there are also no costs for payments or withdrawals. In addition, customers do not pay an annual fee for this card, nor for the Visa from DKB. However, prospective customers should note that the debit interest rate of the Santander Visa is 16.16 percent and only five percent of the statement is automatically settled by direct debit in the case of partial repayment. In return, this free credit card comes with discount programs: a one percent monthly fuel discount and a five percent refund for bookings made through Urlaubsplus GmbH. The card may therefore be of interest to frequent drivers and travelers.

Those who value cost control should take a look at the N26 Mastercard. With this card, there are no fees for payments, nor is there an annual fee. Withdrawals in dollars are generally free of charge in the EU - only in the domestic market up to two dollars may be charged. The debit interest rate is 8.9 percent, which is one of the lower rates. The card comes with the advantage that customers can set daily limits. They can also control the card in real time via app. This allows customers to permanently keep track of their costs.

Do you want to use your free credit card mainly for payments? With the Bank of America Visa, you can pay free of charge domestically and within the EU; outside the EU zone, 1.75 percent of the turnover is charged. The debit interest rate is only 6.5 percent. Withdrawing money, on the other hand, is quite expensive: 9.95 dollars are charged for this in the United States and within the EU.

Customers can also pay free of charge with the Deutsche Bank Mastercard. Outside the EU, fees of 1.75 percent of the transaction amount are charged. The debit interest rate of 10.85 percent is rather in the lower range. The free Norisbank credit card also incurs fees when withdrawing money: at least six dollars. Interested parties who mainly want to use this card for payments can also take a look at it.

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FREE CREDIT CARD - OUR CONCLUSION

Anyone who wants to save on the annual basic fee of a conventional credit card and also pay as few fees as possible when paying or withdrawing money should take a look at free cards. These cards also offer customers convenience in everyday life and sometimes many extras, such as a free second card. This means: as the owner, you save cash and do not have to cut back on usage, but in return, free credit cards do not include insurance or discount programs in most cases. In addition, the cards are available in different variants. Interested parties can therefore choose a card that best suits their preferences and financial situation. But customers should be careful, because “free of charge” does not necessarily mean that there are no fees at all. In addition to an ATM fee, for example, credit interest may also be added. Owners should therefore find out in advance what costs they may incur. So if you want to save money and can do without discount programs or additional insurance, you can definitely consider a free credit card.

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