Deutsche Bank credit cards: What you need to know before signing up!

Deutsche Bank credit cards: What you need to know before signing up!

Deutsche Bank, the largest credit institution in Germany, offers a variety of credit cards. These include the Mastercard Standard, Gold and Travel, which differ in their costs and conditions. All cards are charge cards, meaning they have a credit limit but do not offer installment options. Important information about these cards can be found at morningpost.de.

Credit card transactions are debited from a reference account on the 25th of each month. The Mastercard Standard, the basic model, has an annual fee of 39 euros and does not offer travel or shopping insurance. For cash withdrawals from ATMs, a fee of 2.50% of the amount is due domestically, but at least 5.75 euros. There are additional fees for foreign currencies abroad.

Card variants and costs

The Mastercard Gold costs 82 euros per year, but is free for holders of a current account, called “Bestkonto”. However, this card does not offer additional insurance benefits like the Mastercard Travel, which provides additional benefits and insurance for travelers with an annual fee of 94 euros. All cards also have individual credit limits and billing is via direct debit only, meaning no bank transfer is possible.

A special feature of Mastercard Standard is the app, which allows users to monitor their spending and manage card functions. Customers also have the option of designing the credit card with an individual motif of their choice for an additional charge of 7.99 euros.

Alternative credit cards

Deutsche Bank's offer is not the only option on the market. Alternatives such as Trade Republic's credit card or C24 Bank's Mastercard offer fee-free payments worldwide. Users interested in revolving credit cards can also consider the Bank Norwegian Visa credit card. This offers the opportunity to use the credit line without interest if the amount is paid off in a timely manner. American Express, on the other hand, has extensive insurance offerings, but suffers from lower acceptance than Mastercard and Visa.

A comparison shows that the Mastercard Standard offers less attractive conditions compared to credit cards such as the DKB Visa, which only costs 29.88 euros annually and does not charge any fees for cash withdrawals, as well as the Barclays Visa and Hanseatic Bank GenialCard, both of which are fee-free. The decision for a credit card depends largely on the individual needs and usage priorities of the customer handelsblatt.com is explained in detail.