The Best credit Mastercard credit card attaches particular importance to the cheapest possible cost structure. This makes the offer particularly interesting for typical everyday card payments. You can find out what the conditions and services look like in detail here.

Requirements of Mastercard application

You must be of legal age and have a German place of residence in order to receive the Mastercard from Best credit. You must also have a positive private credit checker. It is also mandatory that you set up a so-called “top checking account” at the financial institution, which is used to pay the Mastercard bills.

Depending on creditworthiness, limits are also set to what extent you can use the credit card. Specifically, this means that your income determines how much money you can spend each month with the Mastercard. If you want to increase your limit, the decision will also depend on your credit rating.

Costs of Mastercard application

The Mastercard is free of charge for you – at least that’s how Best credit advertises it. The second look is somewhat sobering. You will find an addendum: creditworthiness and monthly incoming payments are required. Unfortunately, the Best credit does not go any further about how high the money must be in order for the credit card to actually be issued free of charge. Neither is it determined whether each receipt of money counts or whether it must be, for example, a receipt of salary – which is common for most banks. If you are interested in this offer, ask the bank specifically before you apply.

Foreign fees

Abroad you can make cashless payments within the USD area. You can also cash in free of charge at all ATMs with the Mastercard symbol. However, the Best credit warns that the machine operators can independently charge fees that they have to pay. The money does not flow to the Best credit.

You have to plan fees abroad if you do not pay in USD. The Best credit estimates 1.75% of the total. If you withdraw money from a foreign machine without a Mastercard symbol, you will have to pay 2.50% of the total – but at least 6 USD. At the counter the fee is 3% of the total, but at least in this case also 6 USD. The regulations for the switch do not differ between Germany and abroad.

Domestic fees

Cashless payment with the Mastercard is also free in Germany. It becomes more difficult if you give money with the credit card: Generally 2.50% of the amount is due, but at least 6 USD. Best credit advises you to use the Maestro card associated with your checking account. You can use this to withdraw free of charge from all ATMs in the Cash Group and at the 1,300 Shell petrol stations in Germany. Depending on the current account model, the Maestro card may be subject to a charge. Your annual contribution is then 7 USD. But it is also possible that it will be issued free of charge.

Replacement and partner cards?

Best credit does not provide information about how much you have to pay for a replacement card. Measured against the other offers of the house, the sum should be either 12 or 24 USD. At no point does Best credit mention the possibility of a partner card. There is therefore no corresponding offer. The Mastercard credit card is not suitable if, for example, you are looking for a suitable plastic payment method together with your husband or wife.

Special services

The Best credit Mastercard credit card relies on the proven 3D Secure process to make secure purchases on the Internet. In fact, it is two-factor authentication. You must also activate transactions using your smartphone or computer.

Best credit also offers an SMS service to inform you about all sales. You can also find the relevant information via online banking. The card is also equipped with an NFC chip . You can pay up to a sum of 25 USD contactlessly and without entering the PIN. Multiple debits during a payment transaction are not possible with the NFC chip. So you do not have to fear if the card is stolen that a damage of more than 25 USD decides.

A good education is important to achieve something in life. While many apprenticeships already include the first remuneration, wages and salaries during the apprenticeship period, some apprenticeships and further training have to be funded without any remuneration flowing here. And some final exams also cost money and have to be paid for in individual professions and industries.

But not always at a young age or at the beginning of a new professional phase is the small change necessary to bear these costs yourself and to be able to pay them out of your own pocket. In such cases, a loan can be a useful alternative and option.

The tax consultant examination – bear the costs yourself

The candidate also usually has to bear the costs for the tax consultant exam. If there is insufficient own funds, a loan for the tax consultant examination can also be a good and sensible option. Such training often costs a lot of money. And the test itself also involves costs. If you are about to take such an exam, a loan for the tax consultant exam can also help you get started professionally.

A credit for tax consultant exam – what are the options?

It shouldn’t be a problem to get credit for a tax advisor exam from your house bank or local bank. The tax consultant profession is still highly regarded. And the need for tax advisors is also growing all the time. Banks want to make money and grant loans. A prospective tax advisor is a good customer here. The bank can be sure that the first real earnings will flow soon after the training and examination.

Furthermore, such an examination is also not extremely expensive, so that it is usually only a small loan, which can be paid off quickly and is also easy to manage in small installments for young professionals. In addition to the local banks, many providers also offer such loans on the Internet. It is important here that you should always compare several offers, such as the interest rate or the monthly rate, in order to then find the most suitable offer for you.

Fund the tax consultant exam – more options

Should a bank nevertheless refuse a loan for the tax consultant examination, collateral can be a good way to get a loan anyway. For example, a surety can step in here. But a personal loan can also be a good alternative here.

You have several personal credits and revolving credits, quick credits and easy to obtain. You want to make an easy credit redemption from a credit agency with the best rate for a credit buyback if possible. Do not wait, a credit redemption or credit consolidation can allow you to balance your budget again.

For an online credit redemption: how to do it?

As for an online credit, you will mention all of your credits: you must indicate the remaining capital to be paid to settle each personal loan, each consumer credit, each credit and work credit. You also indicate your perennial income and your expenses of rent or mortgage. We then study your request for credit redemption. We offer credit at the best rate. We will then indicate the list of supporting documents to provide. 

It’s up to you! And yes, a pool of credits is never a credit without proof.

When can we talk about an easy credit redemption?

This is an easy credit when you have less than three bank accounts, regular income and you are up to date in all bills and you have no chargeback on your accounts. Discovery? It does not matter, we summarize. We even finance a little cash for your new projects.

The purchase of personal loan at the best rate

This is a quick credit when you provide all of the requested documents at one time. The documents are legible and complete. We are competent, fast but demanding anyway. A consumer loan buyback can be set up in less than three weeks, between the day of your credit redemption request and the day of financing.

The repurchase of immo and cons loan

If the outstanding capital of the mortgage to be taken back is greater than 60% of the total credits to be taken over, it is a repurchase of mortgage. A mortgage on your house will be requested. Deadlines will be longer (between 6 and 8 weeks) but interest rates will be lower.

If you are up to date everywhere and you have a little too much credit in progress, we offer the best, the cheapest and we put everything in place for you to get an easy credit buy.

The acceptability of applications is slightly different for each lender. Generally, it is lower for banking institutions that screen their applicants very thoroughly. Non-banking providers are then (in some cases) relatively benevolent and will lend money to a less creditworthy applicant or a candidate with a record in the debtors register. Although in the future, together with the change in legislation in the the country, it is expected that “non-banknotes” will have to examine applicants more thoroughly and the overall approvability will go down.

Currently, there is the highest chance of approval of applications in aggregators of non-banking companies. How does it work and what are the options?

Non-bank loans for everyone?

It should be noted at the outset that even non-banking companies do not lend money to everyone. If you have difficulty paying off another debt, low financial income, or if you have nothing to guarantee, you probably won’t get the money. Definitely not with a proven company. The only advice in a similar situation is not to borrow at all! Your financial difficulties would only increase with each additional loan. Try to turn to debt counseling.

Where will they lend me with the utmost certainty?

Loan aggregators work quite simply, for applicants they mean mainly the highest chance of obtaining a loan (on average 9 out of 10 applicants succeed), but also the possibility to compare offers from more providers at once. The first step is to fill in a non-binding online inquiry, it is a brief form in which the candidate fills in contact information, information about employment, source of income, etc. The demand is then automatically sent to the involved partners. These are exclusively large, 100% proven companies. There are no natural persons and flood loans in the system!

The bidder is then contacted with an offer from those companies willing to lend. Since everything goes online (and then by phone), the process is very fast. Usually, no more than 15 minutes have elapsed from filling in the application to accepting the first offers. The conclusion of the loan agreement is then under the control of the provider.

Advantages of loan aggregators

• Demand is non-binding and of course free
• Save time – everything can be done in 5 minutes via the web
• Ability to compare offers from multiple companies at once
• You don’t have to go anywhere or even call yourself
• Choose with whom you take the loan (not)

Yes, a loan can be extended automatically, but only under certain conditions. Background: If the debit interest rate commitment on your real estate loan expires, the bank must inform you in writing three months before this expiry whether it would like to extend the loan agreement with you or not. If she is ready to do so, she will usually submit an offer to you directly and set a deadline within which she will keep this offer. You can then decide whether to accept or reject it. Accept it, roll over. If you reject it, you will need follow-up financing from another bank.

But what happens if the customer does not conclude follow-up financing at all?

If you as a customer do not react to the bank’s offer and do not otherwise take care of follow-up financing, the old loan from your old bank will automatically be continued as a variable loan. This is common practice, but can be expensive for the customer: variable loans have a significantly higher interest rate than annuity loans with fixed interest rates. Banks base their interest rates on variable loans on the reference rate and add about 1-2 percentage points per year as a margin.

If mortgage lending simply continues as a variable loan, the rate can change every three months due to a rising or falling interest rate. If you had a much higher interest rate in previous years, the currently favorable interest rate of the variable loan, which has been adjusted to the current market level, has a positive effect at first: your rate will drop.

Nevertheless, at this moment it is always better to conclude follow-up financing with a fixed rate of interest and not simply to let the building financing continue because you generally drive it even cheaper. From a purely financial point of view, it is in the customer’s best interest to replace the variable loan as soon as possible with a cheaper, safer loan with fixed interest rates.

For this, variable loans – as the name suggests – can be completely replaced at any time with a three-month notice period. This replacement does not incur any additional costs. A prepayment penalty is not charged for variable loans.

Can the bank simply consider one of the offers submitted as accepted if it does not receive an answer?

No, she can’t. Recently, there was a case where a bank made a rollover offer to the customer and told him that if the customer did not respond within a certain period of time, they would consider the offer accepted. When the customer did not respond, the bank continued to finance its construction as if it had accepted the offer. This turned out to be unlawful: The bank should not have regarded the silence of the customer as consent.

Trainees are just starting their own lives and want to be able to afford something with their first salary. The salary they receive is often not enough to make larger purchases, so many people think about a loan.

However, anyone who has already taken out a loan or has not followed up on payment obligations and this has been noted in the Credit bureau will quickly notice that banks do not grant a loan. Many now think they could take out a loan without a Credit bureau for trainees, because the Credit bureau would not be checked here and the creditworthiness would be given. Unfortunately, it must be said here that no banks grant a loan without a Credit bureau to trainees.

Taking out a loan abroad – possible?

Foreign banks also grant German citizens a loan that is even free of Credit bureau. Trainees are increasingly asking about a loan without a Credit bureau for trainees that can be applied for abroad. But the trainee must quickly realize that he will have no options here either. What can that be?

The simple answer is that a trainee does not provide any security. Firstly, his training salary is not high enough and is often below the garnishment allowance. In addition, an apprentice is not always of legal age, which is also one of the conditions for applying for a loan abroad.

And then there is the safe job. When the apprenticeship is over, there is no guarantee that the company will take over the trainee, so the salary is initially only guaranteed for three years. That is not enough for the banks to grant a loan without a Credit bureau to trainees.

Are there any alternatives for the trainee?

Unfortunately, the options to get a loan are very limited. It would be one way to ask parents to take out a loan. If the creditworthiness is correct, the loan can then be taken out here in Germany as well as abroad. However, not all parents are enthusiastic about the fact that the children are in debt at a young age and refuse to borrow.

Anyone who saves ironly and can get a lot of gifts, such as one or two driving lessons or new clothes, can for the time being waive a loan. It would be better if the trainee waits for a permanent employment relationship after the training and then applies for a normal installment loan.

A loan for two people is offered by numerous banks, credit institutions or other lenders, for example on the Internet. This involves both rights and obligations for both applicants as well as advantages and disadvantages that need to be considered.

A loan for two people or a partner loan

A loan with two applicants is usually applied for or taken out for two reasons. On the one hand, the focus is on joint purchases such as real estate or new furnishings for the apartment, as well as other investments. Another reason, especially for the banks or lenders, is a co-applicant basic as loan security.

If the applicant has only a limited credit rating or only has a temporary employment contract, a loan is often only granted if a second solvent person assumes liability for the repayment or default. Liability is not normally shared, but is transferred in full to both borrowers. In many banks, a loan for two people also requires common living and household management, although the couple does not have to be married.

Advantages and disadvantages

People who intend to take out a loan with two people, especially a larger sum, should be aware of the advantages and the risks. The more creditworthy a borrower is, the lower the risk for the lender. In the case of a partner loan or a loan including a co-applicant, the double security has a positive effect on the granting of the loan, the amount of the interest rate, the amount of the loan and other conditions. The more risk a bank has to take, the higher it will pay for it.

A co-applicant can act as a kind of guarantor so that the other borrower can get the loan he needs or as an equal partner who is also entitled to the loan amount. For example, if a property or property is to be bought from the loan, both borrowers should also be entered in the land register. However, a loan for two people should be reconsidered by those involved, there is a doubt in the trust in the respective partner. The term of a joint loan can take longer than the partnership. If there is a high probability that one of the applicants will lose his job and may be unemployed for a long time, the creditworthy co-applicant must count on the full repayment.

When it makes sense:

If there is mutual trust, taking out a loan for two people can be useful if, for example, a joint purchase is planned that has a countervalue (e.g. real estate). In the event of separation, it can be sold and the loan can be redeemed. Furthermore, if only one loan helps in the respective situation and the amount as low as possible, the term as short as possible and the conditions are more favorable than with other loan offers. One of the partners should be able to handle the repayment alone without problems in an emergency. Rights and obligations are borne by both people.