The Advanzia Bank Mastercard Gold is ideal for students and frequent travelers. It offers significant travel and shopping discounts, low-interest rates, and no foreign transaction fees.
It’s a wise choice for your first credit card. Now, let’s focus on the unique benefits of the Advanzia Bank Mastercard Gold.
Here, you’ll learn precisely what makes this card a valuable tool for your wallet. I’ll guide you through the steps to apply for your Mastercard Gold today, ensuring you can start enjoying these advantages without delay.
Advanzia Mastercard Gold – An Overview
Advanzia Bank’s Advanzia Mastercard Gold stands out as Germany’s top credit card choice. Known locally as Gebuhrenfrei Mastercard Gold, this name highlights its main advantage—no cost for the cardholder.
Advanzia, a digital bank established in 2005 in Luxembourg, focuses primarily on credit cards and payment solutions.
In Munsbach, Luxembourg, Advanzia’s clientele is mainly based in Germany, although the bank also serves customers in France, Austria, and Spain.
Advanzia Bank Mastercard Gold Features At a Glance
Issued by Advanzia in Germany, the ‘Gebuhenfrei Mastercard Gold’ translates to ‘Free of Charge Mastercard,’ highlighting its key advantage. Here are the standout features:
- No Yearly Fee: You don’t pay any annual fees to maintain your cardholder status, making it cost-effective.
- Foreign Currency Transaction Fee: You incur no fees on purchases made in currencies other than your own, enhancing its utility for international use.
- ATM Withdrawal Fee: Withdraw cash from ATMs worldwide without any fees.
- Benefits and Rewards: Enjoy perks like a €25 referral bonus and up to 7 weeks of interest-free payments. The card offers 5% travel credits and car rental rebates, with around-the-clock customer support.
This card is designed to support your financial freedom globally without extra costs.
Who can sign up for Advanzia Bank Mastercard Gold?
Anyone residing in Germany, Austria, or France can sign up for an Advanzia Mastercard Gold.
This card is highly accessible to a wide range of applicants, including expats, German citizens, students, and working professionals. Possessing a residential address in any of these countries is the sole criterion for eligibility.
Cost-Free Perks and Essential Details
Your Mastercard Gold offers more than just a lack of fees. It allows you to make transactions abroad without extra charges, withdraw cash from any ATM at no cost, enjoy complimentary travel insurance, and benefit from up to seven weeks of interest-free credit on purchases.
Be aware, though, there’s a slight hitch. Like most credit cards, Advanzia Bank’s Mastercard Gold accrues interest on delayed payments. But, if you manage your finances well and adhere to the 47-day repayment term, your Mastercard Gold remains cost-free as long as you have it.
Other perks include:
- No charge for issuing a replacement card, PIN, or card-blocking
- Discounts on car rentals from Sixt and Alamo
- Dedicated customer service is available 24/7
- 5% cashback on train ticket bookings through your travel portal, which assures the lowest price
Note: The interest rate for cash withdrawals is 1.53% monthly (19.94% p.a. effective interest rate), starting from the first day.
The same rate applies if you exceed your credit limit on the billing day by more than 3%, but no less than €50.
Apply for the Advanzia Bank Mastercard Gold step-by-step
Apply for the Advanzia Bank Mastercard Gold in a few steps:
- Visit the Advanzia website, find the section titled “Apply Mastercard Gold,” choose your country, and click “Apply Card.”
- Fill out the initial form with details such as your name, address, nationality, and date of birth. Confirm your details by clicking the “YES, I do” button.
Ensure all information is accurate, focusing on your income and employment to set your credit limit correctly. You can opt not to disclose this, which may result in a lower credit limit.
- After filling out the form, click “Submit Now.”
- Your application will then undergo a creditworthiness review using sources like Schufa and CEG. If the review is successful, your card will be issued.
- You’ll receive your Mastercard Gold in an A4 envelope within 2-3 weeks, along with an activation card and the credit card agreement. Sign the activation card and return it to Advanzia Bank, which covers the return postage.
- Upon receipt of your signed card, Advanzia Bank activates your credit card and sends a confirmation email.
Shortly after, you’ll get your 4-digit PIN by post. This PIN allows you to withdraw cash at any ATM and confirms your personal credit limit, which is established from the data you provided.
Requirements to Prepare
To prepare to obtain the Advanzia Bank Mastercard Gold, you should gather the necessary documentation and understand the eligibility criteria. Here’s what you need:
- Eligibility: You must reside in Germany, Austria, or France. This card suits students, frequent travelers, expats, and professionals with permanent addresses in these countries.
- Documentation: Prepare your identification documents, proof of address, and possibly proof of income. These documents are crucial as they validate your application and determine your credit limit.
- Application Process: Visit the Advanzia website, navigate to the Mastercard Gold application section, select your country, and start the application. Fill in your personal details accurately to avoid delays.
- Credit Check: Be prepared for a credit assessment, which may involve checks with local credit bureaus such as Schufa in Germany. A good credit score increases the likelihood of approval and a higher credit limit.
- Activation: After approval, you will receive your card by mail. Follow the instructions provided to activate it and set up your PIN.
Conclusion
Your Advanzia Mastercard Gold Credit Card is now active, and you can start using it for purchases up to your credit limit. As mentioned, credit cards offer significant advantages when used wisely and safely.
Remember, Advanzia’s billing cycle runs from the 3rd of each month to the 2nd of the next. Always pay your bills on time and use your credit card strategically for purchases that best suit its benefits.
Disclaimer: Credit usage involves certain risks. For detailed terms and conditions, refer to the bank’s official website.