How much does a free credit card cost?
Free credit card fees? That sounds like a contradiction – but it is quite possible. They make up most of the cost. You can find the information on this in the lists of prices and services and in the fee information if the card belongs to a giro account.
In many cases, when withdrawing money, one falls withdrawal fee for example, if you withdraw cash from ATMs or counters in Germany or abroad. Your bank determines the price.
Be careful not to include the withdrawal fee with the ATM fee confound. The card-issuing bank may charge withdrawal fees and the ATM operator may charge their own fees. It can therefore happen that a bank advertises free withdrawals worldwide, but in certain countries there may still be costs at the machine, which the bank usually does not reimburse. This is often the case abroad. But Mastercard allows banks to charge such fees in Germany as well.
When withdrawing money or paying in currencies other than the euro Foreign Currency Fees attack. These are usually quoted as a percentage of the amount due.
However, some banks not only charge fees if you pay with your debit card in a foreign currency, but also if the seller’s company headquarters is in a country that does not have the euro as its currency. This can then become a problem if you are shopping online and do not expect to be charged since the product price is in euros. Check with your bank, whether with your card foreign transaction fee could occur.
Pay within the European Union with a currency other than the euro, comes to mind Currency Conversion Fee at. For this, banks have to use the reference rate of the European Central Bank (ECB) to change the currency. But even in this case, they may charge an additional fee. Exactly how this turns out varies. Some banks set a certain percentage that they add to the rate. Others use the difference between the Mastercard or Visa rate and the rate of the ECB. The fee is therefore dependent on the currency and the daily exchange rate. Some banks charge the fee not only in Europe, but worldwide.
Can be in different forms lending rates apply to debit cards. This can be done either as overdraft interest if you use your card beyond the account balance or if you don’t have enough balance when the card debt is debited. Or as interest if you make use of the partial payment.