List of Best Credit Cards In Germany
Looking for the credit cards recommendation in Germany then you are at the right place. Here we have curated the list of some of the best credit cards that you can use in Germany.
Best Credit Cards In Germany
Types of Credit Cards in Germany
There are basically four types of credit cards in Germany. They are:
- Revolving credit card: You can pay back in monthly installments.
- Charge credit car: Credit card company sends a monthly bill and you have to pay anyhow at the end Otherwise, you might face additional fees. You can’t pay in installments.
- Prepaid credit card: You might not consider it as a prepaid credit card. You need to add or topup the balance beforehand. You need to have balance in your credit so that you can use it.
- Debit card: You need to have balance in your bank account before using it. It’s like a prepaid credit card but with the bank account linked up.
What Is Schufa Check In Germany?
In Germany, You need to go through the Schufa check before getting a credit card. There are some basic requirements that you should met. Bank conduct a credit check to access data on an applicant’s payment history and the credit check history is sourced from Germany’s largest credit reporting agency, Schufa. You need to have a good credit history otherwise you might not be at the good end to get credit card. If you have a negative Schufa record due to a delay in payment or something like that then chances are you might not be approved for such a credit card.
If you are only looking for the debit or prepaid card then you don’t need to go through the Schufa check in Germany.
German Credit Cards Fees
There are different fees for German credit cards and they are:
- Annual Fee: Some of the credit card in the Germany has annual fees. If your credit card has some features like travel insurance, discounts and other perks then there might be the annual fee. Make sure to read every terms and condition before applying for the credit card.
- Foreign Currency Fee: You might need to pay foreign currency fee if you are using credit cards outside countries of the euro-zone. You also need to Foreign currency fee if you withdraw cash in a foreign country or pay in foreign currency.
- Cash Withdrawal Fee: The fees for withdrawing cash using a credit card depend on the credit card provider.
German Credit Card Interest Rates
It depends on the credit card provider
Now, Let’s have a look into the list of credit card in Germany.
1. Gebührenfrei Mastercard Gold
One of the best free credit cards for expats. It has some of the interesting feature like interest-free purchases within 7 weeks and 5% cashback on travel bookings & rental cars.
2. Bank Norwegian Visa
In this credit card, you can get the credit line of up to €10,000 and the interest is also free for up to 45 days.
3. American Express PAYBACK
If you are obsessed with the payback then this card is for you. It comes up with no annual fee and it gives you 1 point for every €2 spent.
