In this page, we provide a detailed review of Advanzia Free Mastercard Gold Credit Card. This is one of the best free credit cards in Austria and highly recommended for newcomers expat and students to Austria. This article will provide you with details on how you can apply and make the best use the credit card to your advantage.
Based in Luxembourg since 2005, Advanzia Bank SA has a banking license in Luxembourg and offers a free credit card for residents in Germany, Austria, France and Luxembourg. The bank has about 1.2 million active credit card customers.
The credit card simply called “Free”, is not only free, but also includes a lot of other advantages such as free foreign usage without any transaction charges, free cash withdrawal, free travel insurance, and up to 7-week interest-free credit period on purchases.
|Annual fee (permanently)||Free|
|Foreign transaction fee (worldwide)||Free|
|Cash Withdrawal Fee worldwide at the counter / ATM||Free|
|Emergency replacement card||Free|
|Replacement PIN (Personal Identification Number)||Free|
|Credit interest rates/costs||Free|
|Debit interest on your purchases (payment of the total amount at maturity within 7 weeks)||0%|
|Monthly interest for balance (19.94% pa effective interest rate (variable and credit ratings)||1.53%|
|Nominal Borrowing rate for cash withdrawals per month (23.70% pa effective interest rate)||1.73%|
|Exceeded the credit limit on the date the monthly statement by more than 3% but at least 50, – €||5€|
Step by step instructions on how to apply or Advanzia Free Mastercard Gold credit card in Austria with the English translation application form.
Simply fill out the online card application. Click here to apply a free Advanzia Bank Mastercard Gold.
Once you enter your personal details, click on the button highlighted as “JA, ich will”
Enter the details in the next form. This is important to determine your credit limit, so answer it carefully.
Payment Protection Insurance provides an insurance in case you are unable to pay the credit card bill due to events such as accident, etc. For this, an insurance premium of .79% of the monthly bill amount is charged. Note: Additional Charges apply – Only click on this option if you need an insurance and are fine with paying additional charges.
Check the declaration as shown above that you understand the terms and conditions. Click on the button “Jetzt senden“ to submit the application form online.
Once you finish the application process, you will be sent a credit card which has to be activated. This explains how to activate the Advanzia bank credit card in Germany.
Your personal credit limit will be provided for the first time together with your PIN. In addition, this will be displayed on each invoice.
Your credit limit is based on your personal information that you specified in the request and set (if resident in Germany) based on the data provided by the Schufa / CEG or other agencies.
If you have changed your personal data, please inform Advanzia Bank in writing.
The credit limit may be somewhat lower at the beginning, till the bank checks the payment pattern and customer relationship. However, after a few months if regular payments have been noted to be checked your credit limit may be increased. Another reason for a low credit limit may be missing or incomplete information during the application process. If you have entered incomplete data and incorrect personal data (occupational group, marital status, etc.), you can update Advanzia Bank by e-mail or letter to update your data.
You can make a maximum of 5 ATMs withdrawals within your credit limit or up to a maximum of € 1,000 a day.
If you want to reduce your credit limit for safety reasons or for personal reasons, so please contact in writing (letter, e-mail) to Advanzia Bank, who will process your request as soon as possible and adjust the credit limit.
The insurance benefits of the free Mastercard Gold include the following main features:
The insurance is valid for the credit card holder and their partners, children under 23 years who are resident at the same address or, if they live at their place of study, are supported financially by the cardholder. The insurance is also valid for our own children, adopted children and foster children, although they live at a different address, but have previously lived with the cardholder.
The insurance is also valid for up to 3 passengers travelling together. If the number of passengers is greater than 3, the youngest three are insured. This insurance also covers the passengers if they have the same itinerary, duration and stops similar to the cardholder.
If family members and travelling companions accompany the cardholder on the trip, so the insurance company first applies to the family members.
Gold Mastercard is free of charge both for purchases and for cash withdrawals. In some cases, other banks ATM’S charge a small processing fee for using a foreign card. This fee may amount to EUR 2-5 per-cash transaction. In these cases, Advanzia Bank SA does not refund these fees since these processing fees are not incurred by them or sent to them.
The machines operated by banks are obligated to inform the cardholder of the handling fee at the ATM and the cardholder must agree to this charge BEFORE the cash withdrawal – otherwise, this transaction does not take place. If you notice that the banks require such processing fees, we suggest you try another bank ATM’s.
In unavoidable circumstances, you can try to keep the number of cash withdrawals low. These fees are charged per transaction/cash withdrawal and this regardless of the draw. Thus, it is advisable to withdraw more money per cash withdrawal and therefore less often to go to the ATM.
You may revoke your contractual declaration within 14 days in writing without giving reasons. The revocation period begins from the rate of receipt of your card (which is considered as the completion of the contract). The revocation request must be sent to, Advanzia Bank SA, PO Box 4108, D-54231 Trier.
You can cancel the Card at any time.
The contract may be terminated by you at any time without notice and without giving reasons. In the event that you wish to cancel your credit card agreement, please send a message (e-mail, letter) with respect to termination of your wish or send us your credit card (cut) with a covering note back.
You will receive a written confirmation of the cancellation from Advanzia Bank SA.
You get up to 10% discount on your Sixt Rent a Car Booking worldwide when paying with if you pay with your Free Mastercard Gold. The discount also applies to the cheap internet tariffs.
You get up to 20% off at over 330 Alamo locations in the U.S. and Canada when booking with your Free Mastercard Gold.