The slow triumph of credit cards.

The credit card is used to pay more and more, but how do you find the right one?

The credit card is used to pay more and more, but how do you find the right one?

The credit card has gained popularity worldwide in recent years. In Sweden, four out of five payments are made with the plastic card. After all, 40 percent of all transactions in Australia are paid by credit card, in Russia it is almost ten percent.
In Germany, every third German citizen now has the card in their wallet.

It is rarely picked for payment, but it is also becoming more important in this country. What Are the Benefits of a Credit Card? Who is the best provider? This guide explains.

Competitor checking card

Competitor checking card

In Germany, credit cards traditionally have a harder time than in other countries. The Germans still like to pay in cash and otherwise use the checking card, which is popularly known as the EC card. The credit card has one decisive advantage – its worldwide validity.

Across all national borders, the card can be used for transactions worldwide to pay and withdraw cash. Many credit card providers even do not charge any fees and advertise with “Pay free worldwide”. The use of credit cards on the Internet is even more limitless. Credit card payments are commonplace on the World Wide Web. With an Cream Bank card, use outside of Germany and on the Internet is very limited or involves high fees.

Use interest free

Use interest free

A separate account is created for each credit card and charged when it is used. Once a month, a statement is created and open amounts are paid from a specified account. During this time, users of the plastic card benefit from an interest-free loan. You can charge the credit card account up to the limit and do not pay any debit interest. In the case of a checking account, debit interest is charged from the first cent.

Another advantage: many providers interest credit on a credit card, and much better than credit on a checking account. It is worth storing money on your credit card and not in your checking account for daily availability. Customers also benefit from lucrative promotions and bonus programs that almost all credit card providers offer.

The way to the optimal credit card

There are a few points to consider when choosing a credit card. The most important criterion is the amount of the fees. No fees currently have to be paid for a recommended credit card. It is free of charge for the consumer as long as he can always provide cover. There are differences in the collection of debit and penalty interest, which a credit card comparison by Cream Bank shows.

In addition, the following points count in a comparison:

  • What type of credit card do you want?
  • Which bank can withdraw money free of charge?
  • How much are the fees for worldwide use?
  • Where can the card be used?
  • What bonus programs are there?