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Advanzia Mastercard Gold

A credit card only for the well-organized

Josefine Lietzau
Expert for banking and credit as of April 19, 2021

Josefine Lietzau

Josefine Lietzau is an editor in the Bank & Investments team. During her studies in German and English, she worked for the editorial offices of the Green League, the Jüdische Zeitung and the Superillu. After completing her master's degree, Josefine Lietzau completed an internship at the online consumer portals Banktip and Posttip, where she then worked as an editor.

  • You don't pay an annual fee for the Advanzia Mastercard Gold, but the credit card is not really free.
  • The only way to avoid the expensive installment function is to always pay your credit card bill in full by bank transfer.
  • In addition, the bank charges high interest rates for money that you withdraw with the card at the ATM.
  • If you have this card: Always settle your bill in full.
  • If possible, do not use the Advanzia Mastercard Gold to withdraw money.
  • Do not rely on the insurance coverage of the card.
  • If you're looking for a credit card for everyday use, you'd better choose a free standard card.

The Advanzia Bank from Luxembourg offers consumers a golden credit card - free of charge. But what sounds good on paper shows some shortcomings in everyday life.

What does the Advanzia Fee-Free Mastercard Gold cost?

With the Mastercard Gold from Advanzia you do not pay an annual fee. Also the usual ones There are no foreign currency fees for payments outside the euro zone.

Overview of the most important fees

annual fee0 €
Partner card0 €
Foreign currency fee outside the euro zone0 €
Debit interest for purchases, accrues from the day of use, does not apply if the invoice is paid on time19.44% effective per year
Debit interest for cash withdrawals accrues from the day of use19.44% effective per year

Source: website of the provider (as of April 15, 2021)

With Advanzia you get a free credit of up to seven weeks via the Mastercard Gold credit card. For example, if you shop on the first day of the month, you don't have to pay the amount until the 20th day of the following month. You will also receive a card invoice on which you can see all of your sales that you have paid by bank transfer.

Should you pay late or only part of your debt, fall very high borrowing interest of 19.44 percent from the day of purchase at. So you should make sure to pay the bill on time and in full.

Also the bank charges debit interest for withdrawals of 19.44 percent. Advanzia calculates the fees from the date of withdrawal until the invoice is paid. So the free credit does not apply to withdrawing cash. Accordingly, you can only reduce the interest costs (or deal with luck) if you transfer the amount to the card account promptly after the withdrawal.

Advanzia Bank's Mastercard Gold is available under different names. You can get the credit card as “Free Mastercard Gold” directly from Advanzia Bank or, for example, under the name “Pay-Vip Gold”. The conditions of the two offers are identical.

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What does the Advanzia Mastercard Gold offer?

You can use Google and Apple Pay with the credit card. To do this, you save your card data in the corresponding apps. Garmin Pay also works with the card.

The Advanzia Mastercard Gold also includes an insurance package consisting of luggage insurance, international travel health insurance, travel cancellation insurance and accident insurance.

The granted Coverage are low, and the protection only applies if you've paid for at least 50 percent of the trip with your credit card. In addition, numerous apply Restrictions on using the services. Some insurances, such as personal liability insurance on vacation, are usually superfluous if you are properly insured in everyday life.

If you opt for a package consisting of a card and insurance, you will also have to insure yourself again if you cancel the card. It is best to choose good insurance policies individually and separately from other products right from the start.

If you have the Lose card you have to lock it. Since the bank does not take part on the emergency number 116 116, you have to call Advanzia directly. The telephone number is: 0800 880 1120. If you call from abroad, the number is +49 (0) 345 - 21 97 30 30.

How does the Advanzia card account work?

You will receive your invoice by email on the third day of the month and you will then have until the 20th to settle your debts. If you have not used the card, you will not receive an invoice. You can also view the invoice in the card account or check the sales in the customer portal.

You have the choice whether you pay the bill in installments or in full. However, if you opt for installments, you have to transfer at least 3 percent of the invoice (from 30 euros). You have to use your own current account to transfer the money. The bank itself does not debit any money.

The credit card account can do not lead in the plus. However, you can transfer money to the account in between to settle the balance before the invoice. Then you have the complete credit line again.

If you have credit on your card account through a chargeback, you must either spend the credit, withdraw it from an ATM or have it paid out to a reference account.

For most consumers the credit card is not worth it, you do better with one of the Finanztip recommendations.

Experience with the Advanzia

Find out about the experiences of others with the provider or support other investors in choosing the right credit card by submitting your personal experience report.

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Josefine Lietzau

Josefine Lietzau

Josefine Lietzau is an editor in the Bank & Investments team. During her studies in German and English, she worked for the editorial offices of the Green League, the Jüdische Zeitung and the Superillu. After completing her master's degree, Josefine Lietzau completed an internship at the online consumer portals Banktip and Posttip, where she then worked as an editor.

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