Monthly Archives: March 2020

Better Credit Mastercard – usage and usefullness

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

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

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

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

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?

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

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.