In this guide, we will look at the benefits of free annual credit card credits, especially reward point programs and payment method benefits. The guide will give you a sneak peek at those who are considering purchasing a new credit card or are considering changing their card.
As a rule of thumb, no fee cards do not include reward point programs, but they can often give you a payment advantage in stores and at some gas stations. In this case, the payment benefit is a discount that can only be obtained from stores of the same merchant group or affiliates. Reward points cards can be used to earn earned reward points for redeeming a variety of products or services and often include travel insurance.
First, we compare the benefits of annual royalty-free credit cards, then introduce some of these cards, and finally, explore the features and scoring programs of the various reward points.
Annual credit cards and payment benefit
Credit cards are known to have many different benefits in addition to being a mere credit feature. Typical additional benefits that come with credit cards are travel insurance and purchase and product security. In addition, cards can often be used to collect various reward points, ranging from flying points to Good Finance points. Credit card prices range from free cards up to hundreds of euros per year for premium cards. Usually the price of a card is in line with the benefits it offers, ie a slightly more expensive card offers more benefits than the one with no annual fee.
Advantages of Annual Credit Cards in Comparison
We explored and compared the additional benefits of annual fee-free credit cards:
Virtually all cards, even those that are free of charge for the year, offer some extra in addition to the credit only feature. Which card or benefit is best and most suitable for everyone will largely depend on your lifestyle and buying habits. Stockmann’s Loyal Customer is likely to benefit from Stockmann MasterCard, while a low cost flight and travel lover can get the most out of Bank Norwegian’s credit card.
How much does Good Finance MasterCard cost?
In principle, Good Finance MasterCard is free of charge and there are no opening or monthly fees. In practice, however, this is not always the case unless you are already a member of K-Plus. Good Finance MasterCard requires a membership of Good Finance at a cost of € 8.40.
This is a one-time payment, not a monthly or annual fee, for example.
The credit line is a sliding one, ranging from $ 1,000 to $ 6,000. The interest rate on the loan is 9.5% + 3-month Euribor. If you have a credit on your invoice, you will have to pay a maintenance fee of $ 5 per month, plus at least 3% of your credit limit, at least $ 40.
How does the Membership Rewards program work?
Every time you use an American Express card, you get at least one point for every euro you spend. Platinum Card holders earn 1.5 points per euro spent. Once you have enough points, you can use them, for example, with American Express affiliate services, or transfer your accumulated points to points for Good Finance affiliate loyalty programs.
You can also…
- shorten the decline by dots
- Pay points for trips
- pay the membership fee
- redeem the goods prize
- and donate points to charity
You can check the balance of your point account on a monthly card bill. If you would like to track your points balance in real time, you can contact customer service or log on to Membership Rewards. Purchases made with parallel cards also accrue to the main cardholder.
The good thing about the program is that the score does not actually expire. They are valid as long as you are a member of the Membership Rewards program.
Commodities and trips are very typical benefits of credit cards and are also offered by American Express. Below we explained in more detail the benefits offered by Good Finance.