Credit cards have become increasingly established in Germany in recent years. The benefits are obvious, without having any cash, the owner is always fluent. Traveling with a credit card is particularly convenient, even on the Internet can be ordered with a credit card with little effort. But who does not know well, can be confronted with costs that were not planned. For credit cards, there are many offers that sometimes differ considerably in the terms. In our comparison, you can find the right credit card for you.
Our comparison helps with the choice
The performance of a credit card is composed of several factors, if one wanted to compare the mass of the available credit cards by all these factors manually, this would be an extreme effort. Our credit card comparison offers a transparent overview without effort for you. In the following we explain which factors are important.
- Annual Fee: Some credit cards incur annual costs, regardless of usage. Please also note that the fees in the second year may differ from the fees in the first year.
Decision can only be made individually
All of these factors can be free of charge or incur different charges. For our team it is impossible to pick a credit card as “the best”. Depending on the use of the credit card, various credit cards are available.
Which card is the right one?
To find the right credit card, you’ll understand your credit card claims. If it must be the gold card, you really need all the additional services and the high credit limit. Is it important for you to earn interest on credit, or does the cash withdrawal fee in non-EU countries matter if, for example, you are afraid of flying and you are not leaving the EU anyway?
In the following, we offer you an exemplary calculation example, which should show you how unimportant the annual fee can be. Other fees are correspondingly significant.
Credit cards in the calculation comparison
Credit Card A: cash payments 2.25 percent; Foreign fee 1.5 percent; Debit interest 14.75 percent
Credit Card B: Cash Payments 3.25 percent; Foreign fee 1.25 percent; Debit interest 18.75 percent
Credit Card C: cash withdrawals none; Foreign fee 1.25 percent; Debit interest 16.75 percent (2-month interest-free)
In our example, the credit card A would ultimately be the most expensive, although no basic charges. Conclusion: Not always is free and really cheap, even if it sounds funny.
Alternative: The prepaid credit card
Prepaid credit cards work much like a prepaid card for the mobile phone. Only when credit is charged, the card can be used. The prepaid credit card, so offers no option to spend money, which is not available. Under certain circumstances, this variant of the credit card can be a very sensible option.
Advantages and disadvantages of the prepaid credit card
- Over-indebtedness is absolutely excluded.
- Acceptance like a real credit card.
- Better overview of the costs incurred.
- No proof of income required.
- Prepaid credit card also available under 18 years.
- Prepaid credit card also possible with Credit bureau entry.
- In an emergency, no money can be pre-stretched.
- Costs for prepaid credit cards are often higher.
- Recharge money may take a while.