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Free credit card abroad: Which providers are convincing?
According to a report by www.morgenpost.de, the market offers a large selection of credit cards with and without an annual fee. The cards are suitable for both paying and withdrawing money abroad. Many of the free credit cards come with travel insurance and other benefits that make them attractive for vacation trips. Despite the annual fee and the insurance benefits, there are some credit cards that are particularly recommended for frequent travelers. The fee-free Mastercard Gold from TF Bank, for example, offers free travel insurance and a cashback program. However, the effective annual interest rate is comparatively high at 24.79 percent, which makes the card less recommended for installment or partial payments...
Free credit card abroad: Which providers are convincing?
According to a report by www.morgenpost.de, the market offers a large selection of credit cards with and without an annual fee. The cards are suitable for both paying and withdrawing money abroad. Many of the free credit cards come with travel insurance and other benefits that make them attractive for vacation trips. Despite the annual fee and the insurance benefits, there are some credit cards that are particularly recommended for frequent travelers.
The fee-free Mastercard Gold from TF Bank, for example, offers free travel insurance and a cashback program. However, the effective annual interest rate is comparatively high at 24.79 percent, which makes the card less recommended for installment or partial payments. In comparison, the Visa GoldCard from Hanseatic Bank with an extensive insurance package is a top recommendation for frequent travelers, even though the card is free of charge in the first year.
According to a test by Stiftung Warentest, choosing a free credit card can also be associated with risks. Credit cards that are supposed to be free can be charged with additional costs such as withdrawal and user fees abroad. Therefore, experts at Stiftung Warentest recommend standard variants, which often represent a better alternative. The tests also show that premium credit cards with their extensive insurance packages can be an option, especially for frequent or business travelers.
A precise comparison of different credit card providers as well as their conditions and additional services is therefore recommended in order to find the right credit card for your upcoming holiday trip. In addition to comparison portals such as “Verivox” or “CHECK24”, independent test results from Stiftung Warentest offer a good overview of the best products on the market.
Free credit cards offer many benefits such as cashless payments and global acceptance, but consumers should pay attention to hidden fees and limits to find the best card for their needs.
Source: www.morgenpost.de
Read the source article at www.morgenpost.de