Advanzia Bank, a direct bank established in 2005 in Munsbach, Luxembourg, is gaining popularity among German users seeking credit cards with no fees, comprehensive services, and unique benefits. With 1.3 million customers in 2018, the bank established itself as one of Germany’s five largest direct banks, largely thanks to its central product, the Advanzia Mastercard Gold.
One of the significant advantages of the bank’s Mastercard Gold is its lack of foreign transaction fees and ability to facilitate free withdrawals worldwide. Furthermore, it provides toll-free customer support, ensuring clients receive prompt and efficient assistance whenever necessary. Its exclusive advantages include the following:
– An interest-free payment term.
– Urlaubsplus offers a travel credit of five percent with the best price guarantee for bookings made through their platform.
– Customers renting cars through Mietwagen.de are eligible for a 5% reimbursement.
Moreover, the credit card comes with travel cancellation insurance provided by Lloyds Insurance. This complimentary insurance provides coverage for many expenses that may occur during a vacation, including emergency evacuation, medical and surgical expenses, dental emergencies, and transporting the remains or ashes of beneficiaries in the event of their demise. The insurance policy covers a maximum of 90 days per trip and includes a 20 percent deductible, with a minimum of 100 euros. Additionally, the policy enforces specific benefit limits, ranging from EUR 2,500 for luggage loss to EUR 1,000,000 for medical expenses and repatriation.
To apply for an Advanzia Mastercard Gold, interested customers can visit the bank’s website portal directly linked to the credit card. The portal allows customers to make all credit card settings and contact customer support via email. Advanzia is transparent with its customers, providing all the costs and conditions for using the credit card. For instance, the bank charges 1.58 percent monthly debit interest, which applies to the credit card immediately after withdrawing cash and not settling the invoice totals by the 20th of the following month. Hence, settling withdrawn or spent money as soon as possible is crucial to avoid incurring interest.
In summary, the Advanzia Mastercard Gold offered by Advanzia Bank presents an appealing alternative for those seeking a credit card without fees, endowed with supplementary features, exclusive perks, and free insurance for travel cancellations. Advanzia Bank is committed to being transparent with its customers, providing all the costs and conditions for using the credit card. Its emphasis on customer support and satisfaction propelled it to become one of Germany’s five largest direct banks, with 1.3 million customers in 2018.