Understanding Advanzia Bank And Their MasterCard Gold Credit Card
Established in 2005, Advanzia Bank is a European direct bank headquartered in Munsbach. It is among the most prominent market participants in the region, taking care of business and private customers.
Its foundation began as an initiative by former Spanish Bankia Bank managers, receiving its Treasury Department banking license in 2005. It started operations and entered the German market in 2006, increasing the competition between foreign and domestic banks.
Since its foundation, it has operated as a direct bank without branches. It majored in offering fee-free credit cards plus money market accounts for investments with high-interest rates.
Both services had a good reception from the media and made the bank get through the 2007 crisis without significant issues. While it started operating in 2006, it reported a profit for the first time in its 2009 financial year.
In the 2010s, Advanzia bank started pushing for the internationalization of its services following the European Distance Selling Financial Services Directive without a branch in its new markets.
The bank services started by reaching France in 2012, Austria in 2015, and Spain in 2019. In 2018/2019, it took over the Swedish Catella bank credit card solutions. As of 2018, the bank had over 1.3 million clients across Germany, making it among the country’s five biggest direct banks.
While they have different products and services, the MasterCard Gold fee-free credit card is their primary one. Unlike the MasterCard Standard, this credit card has additional services and benefits like rental car advantages and an insurance package.
Their fee-free card policy applies permanently, not only for the first few months after acquisition. They also don’t have foreign transaction fees and offer free services.
- Card mailingt
- Cash withdrawal at ATMs or counters worldwidet
- Card lockt
- Invoice dispatcht
- Emergency replacement cardt
- Invoice duplicatet
- Pin replacement
One thing users need to note when using this card is the 1.58% monthly debit interest that applies immediately after they withdraw cash, and if they don’t settle their invoice totals by the billing day, the 20th of the following month.
The Advanzia Bank MasterCard Gold credit card also offers interest-free payment terms of services if the user pays their total invoice amount before their due dates. It also offers 5% travel credit with the most attractive price guarantees, free travel insurance, plus 5% rental car reimbursement.