The one with the Bank cards It is a whole universe of options and possibilities. There are many on the market, but not all offer the same benefits. In addition to the usual debit and credit cards to withdraw money and pay for purchases, there are more special cards that allow you to get more out of their use. Also, as stated by the personal finance digital advisor Roams, “choosing one type of card or another will depend on the purpose we want to give it”.
The best debit cards They do not have issuance or maintenance fees and, in addition, they allow you to withdraw money for free from thousands of ATMs. Some are even a very useful tool for traveling, because they allow you to withdraw cash for free outside of Spain and do not charge a commission for currency exchange. It is not usual for debit cards to incorporate insurance, although some include accident or purchase protection policies. On the other hand, there are debit cards with discounts at gas stations or other types of stores.
On the other hand, a good credit card It usually also includes policies that protect in the event of buying a defective product and travel assistance insurance. But the most advantageous incorporate succulent discounts in stores and gas stations or return a percentage of purchases.
“Credit cards usually have more advantages than debit cards. In fact, banks prefer us to use these cards, so they strive to offer increasingly modern products with more advantages that attract the attention of the consumer,” they point out. in the HelpMyCash financial portal, where they also warn that “it is important to make sure before launching to take advantage of the offers. If we start postponing purchases just to obtain discounts, surely the interests will end eating bonuses”.
An important detail to know if a credit card is attractive is its interest rate. If the consumer pays everything at the end of the month without interest, this point is not so relevant, but if a purchase is split up, then the ideal is for the interest to be as low as possible. “We must be especially careful with credit cards, since there are several payment methods, we must select the option according to the operation we want to carry out if we do not want costs to be increased unnecessarily,” they indicate from Roams. Some cards are mixed and work with debit and credit.
This is a selection of the best cards of the moment:
WiZink Click Card: it has no commissions and allows you to pay for purchases between 85 and 1,000 euros in three months without commissions or interest (0% APR). For example, a purchase of 90 euros would be paid in three installments of 30 euros each. In the rest of the cases, the interest is 18.36% TIN (19.99% APR). In addition, those who request it before September 30 get a check from Amazon for 100 euros if they spend at least 450 euros during the first three months. This campaign has been in force since last June and in August it was extended for another month. New cardholders who meet the requirements receive instructions by mail or SMS to redeem the gift voucher.
If you continue to use the card, you can get a 3% refund on purchases (up to 72 euros per year or six euros per month) to choose from in two categories: fashion, leisure, travel, and food in shops covered by the programme.
MyInvestor Credit Card: In deferred payments, the APR is 6%, very competitive considering that in the card market they usually exceed 18%. It is free and without issuance, maintenance and renewal fees. It allows one free cash withdrawal per month at any ATM in the world (and up to four if you have a mortgage contracted with the entity or 30,000 euros in investment products) and includes travel accident insurance.
You credit card from Abanca: offers the opportunity to pay in 3, 6, 9, 10 or 12 months without interest with a commission of between 1% and 4%. The card is free the first year and also the following years if a minimum consumption is made and it allows you to save 4% at Galp gas stations. Also in Abanca stands out the You NX debit card for those under 35 years of age. It is free, includes a 2% discount at Galp gas stations, does not charge a commission for currency exchange and allows you to withdraw money five times a month for free at any ATM located abroad.
The BBVA Aqua debit card: It has a cost of 35 euros except for all new customers who open an Online Account Without BBVA Fees. It does not have printed numbers and, in addition, it has a dynamic CVV that changes regularly. It can only be consulted from the bank’s app. In this way, customers are protected against online fraud. This debit card is one of the safest in Spain. He has ATM robbery insurance.
Revolut Standard debit card: It is one of the most outstanding cards on the market for travel. No fees or cosimisons. It allows you to pay and withdraw money from ATMs without commission for currency exchange up to certain limits, as well as cash withdrawals of up to 200 euros or 5 withdrawals per month without commissions. It is possible to exchange currency up to 1000 euros per month without commissions and returns a percentage of purchases (cash-back) in many online stores and physical stores.
ING credit card: Free and commission-free. It is linked to the Payroll Account and the Non-Payroll Account. It has a TIN of 17.48% (18.95% APR), but for purchases over 90 euros to be paid in 3, 6, 12 or 18 months, the APR is 15%. Payment of taxes, insurance, gas and electricity bills can also be deferred. It offers discounts both in clothing stores, restaurants and trips (Asos, Vips, EasyJet, Entradas.com, Hotelopia, Kiosko y Más, Orbyt, Pagatelia, Springfield, Starbucks, Tudespensa.com or Women’s, etc.) as well as at gas stations, with 3% in Galp and Shell. It has accident insurance and travel assistance.
Bankinter combo: It is a credit and debit card in a single card. It has two sides: you can pay for purchases at the end of the month without interest with the Combo 1 side in shops and restaurants and use Combo 2 to defer payments for a minimum of 3.00% of the drawn balance with a minimum fee of 30.00 euros ). It is free for Payroll Account, Pension Account and Non-Payroll Account customers: they will not pay issuance and maintenance fees. Its TIN is 17.52% (19% APR). It has discounts in hundreds of fashion stores, home, technology, sports, food delivery. It allows the transfer of money from the card to the current account. It is a service that has commissions that depend on the selected payment method. Includes accident insurance and travel assistance.
Differences between credit and debit card
The main difference between a debit card and a credit card is the way to pay. In the first, the payment is charged directly to the holder’s current account and deducted from the balance, so that the limit is the available funds. With the second it is possible to pay even if there are no funds, since the payment is deferred until the following month, although there is usually a credit limit.
The credit can be returned in different ways: at the end of the month (an established day of the month following the purchase), by means of a percentage or a fixed fee (this method is known as revolving).
Credit cards also allow financing, that is, paying in installments, which implies that the bank charges interest to the holder in the case of deferring or splitting the payment. “The cardholder contracts a debt with the financial entity that issues it. For this reason, before granting a credit card, the bank studies the viability of the applicant, making sure that it is solvent, and establishes a limit on the amount of money that he can dispose of”, they explain from BBVA.
“Both debit and credit cards are very practical in your day-to-day life and, in the case of the latter, they are a very good option if you need financing for unforeseen events or purchases of high amounts,” they detail in Banco Santander.
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