How do you get a bank account with a credit card?

Credit cards are becoming increasingly popular as a means of payment worldwide. The number of consumers who use credit cards to pay for everyday purchases conveniently, is growing constantly. Credit cards have long since ceased to be a prestigious accessory for the high-ups and became a nigh-on necessary tool for holidays abroad.

It is not only since the Corona pandemic that the function of contactless payment by credit cards has been used more and more frequently. Many bank customers and consumers who do not yet use and own credit cards naturally ask themselves - How do you get a bank account with a credit card?

Well-known providers can be used worldwide

There are several major credit card companies whose cards are also accepted worldwide and are therefore preferred both domestically and abroad. Most banks also offer these cards to their customers.

However, there are differences. The traditional stationary banks usually still offer the tried and tested account without any obligation to use credit cards. This means that the customer gets the account without a credit card, but can usually opt for an additional card. With these banks, it is often only possible to apply for credit cards with a regular bank account.

Online offer or classic branch bank

In contrast, most online banks offer their current accounts only in conjunction with credit cards. Since netbank started the concept of an online-only banks, the banking world has changed quite a lot. If you want a credit card, you also have to open an account. However, in many cases this makes sense, because there is usually a package price that includes both the account and the credit cards issued for it. This combined solution is also practical in everyday life, because it means that all payments can be made by credit cards and by bank transfer, direct debit, etc. via a bank account. The new innovative providers on the banking market, the Fintechs, only have accounts with credit cards.

Creditworthiness required

A credit card is generally only issued to persons with impeccable creditworthiness. This is checked online. A minimum age of 18 years is also required. However, applicants with negative creditworthiness can in many cases also receive a so-called prepaid card. These credit cards therefore do not have a real credit function, but can only be used within the scope of a prepaid credit balance.

Conditions for credit card with account often better

An advantage of a combined solution is often that a credit card means more favourable conditions if it is linked to an account or the opening of an account. For example, a credit card applied for individually often costs a higher basic fee. The fees for using the credit cards are also often cheaper with an account as a combination.

Customers can save considerable costs with a combination solution in terms of withdrawal fees and foreign currency charges. In contrast to credit cards applied for individually, these usually do not apply if the credit cards are used to withdraw money from ATMs or to pay abroad in another currency. In addition, a credit card often provides certain insurance services free of charge, for example, when renting a car abroad if it is booked with a credit card.

At banks with a combined offer for accounts with credit cards, the customer must actively declare in advance that he or she does not wish to have a credit card for the account. However, not all banks will agree to waive the credit cards, and in most cases it is not worthwhile financially. With the classic banks, where the credit cards are only available as an option to the account, the problem does not arise. However, the additional credit cards are usually a relevant cost factor here.

Comparison is everything

How do you get a current account with a credit card? This question is best solved by first making an online comparison with a comparison calculator. Here the prospective customer can find out the exact conditions for credit cards with or without an account and I can then decide on the model that suits his needs.