Do you need to apply for a credit card of up to € 5000? Are you looking for a loan through a card that allows you to return the money flexibly? Perhaps you are considering applying for a credit card to have extra money for contingencies.
The option of loans through cards is an interesting option, since you have an extra fund for any unforeseen event. So you will not have to request a microcredit for an unexpected situation, you will always have a safety net on your own card. Of course, remember to use it wisely and not resort to that extra credit unless it is necessary.
Are you worried about getting into debt? The problem with credit cards is not in the product itself, but in the use made of them. An unforeseen expense, a purchase at the supermarket at the end of the month, the urgent repair of an appliance, a celebration ... These are some of the cases where the use of a credit card can be a solution.
You must value this credit that the card allows you as a solution to attend a specific situation, since otherwise you may run the risk of getting into debt.
What is mastercard
Avant Tarjeta EFC SAU is a financial products entity specialized in loans and credit cards. Its star product and the most in demand are Visa and Mastercard with credit of up to € 5,000. If you contract a card with them, you will not only be contracting credit but you will also have access to: discounts on purchases, 1% refund of all card payments and access to a points program to exchange for gifts. But without a doubt, the two most important concepts associated with this credit card are:
- Security: mastercard is regulated by the Bank of United States, which gives you security when ordering your card.
- Free credit cards, with no added costs: You will not pay extras to receive your card, maintenance costs or any other added extra. You will only pay interest on the money borrowed, no more, no less. This is what we mean by saying it's free.
How to apply for a mastercard
The steps to apply for your credit card online are very simple. In less than 5 minutes you will have already made the request with mastercard.
We tell you the procedure to follow:
Go to mastercard.es and select the type of card you wish to apply: visa mastercard credit card (classic, gold or platinum) or Mastercard credit card (classic, gold or platinum). All of them have a maximum credit of $ 5000.
Fill in the form: enter the information they ask for (name, surname, NIE or DNI, mobile phone, postal code etc ...) and send the request.
Enter the information about your professional situation and your bank account: finally, enter the information about your profession and bank details. With all this, mastercard will do a study on your solvency, to determine the amount of credit that it can offer you.
Card contract: Finally, you will have access to the documentation of the contract, with the conditions of use of your card and you will have to upload the documentation that they request to their website.
With these simple steps you have already made the request for your credit card. mastercard will contact you to respond to the approval of your application and you will receive your credit card at the indicated address via courier.
Once in your power, you only have to activate it.
With your card you will also receive the keys to access the customer area and online banking, where you can comfortably check the movements of your card, check the accumulated points and carry out any other procedure.
Requirements to apply for your credit card
You are unique with your circumstances and personal situation, and that is why mastercard manages each card application individually. However, there are some minimum requirements that you should know before requesting your card loan:
- You must be of legal age
- Your name should not appear in any delinquent file, this will be an entry barrier when granting you the card.
- You must have a bank account and a telephone number for communications.
- Have monthly income.
Do you meet these minimum requirements? You can now request your credit card and wait for the answer. The credit of the card will be according to your situation, the maximum being $ 5000.
What interest you must pay for the use of your card credit
The interest to pay on your credit card varies depending on the return concept you choose. Since you can pay in arrears or defer the payment of the money spent in monthly payments. The interests to be paid are reflected in two rates that you should know:
TIN: It is the nominal interest rate. Translated into a language accessible to all, it would be the percentage that is added to the money borrowed as compensation for the extra time they give you to repay the amount. This rate is not annual, but the APR is usually calculated from the TIN.
APR: It is the equivalent annual rate, that is, the final value of the loan counting the interest and other expenses associated in this case with the credit card. This rate was set by the United States bank to regulate all financial loan products.
Once these concepts are clarified, let's see the interest that you will have to pay in each case, depending on the use you make of your mastercard credit card:
Deferred payment: With this payment method, you return the money flexibly in monthly installments. You choose what you want to pay per month. The interests in this case depend on your personal situation. The annual rate can vary between 19% up to 26%. It varies depending on your monthly income. When you send your application, mastercard assesses the risk of granting you the card and based on this it gives you the interest rate to pay. However, when they approve your application they will tell you what interest you will pay.
Monthly amortization: When you amortize the money spent the following month, the interest you pay is 21% APR and 19.21% TIN. To see it more clearly, let's give an example: you want to amortize € 1000 in 12 months, paying a monthly fee of € 92.26. At the end of the year the total amount would be € 1,107.06, so that at the end of the period you would pay $ 107.06 of interest.
Puente Cash: In case you want to make a transfer to your bank account, the interests would be the same as in the case of monthly amortization. Nominal interest rate 19.21%, and equivalent annual rate 21%.
Withdrawing money on credit at ATMs: When you withdraw money from your credit card at ATMs, this also has an extra cost, in this case we would be talking about 4%, the minimum always being a commission amount of € 2. You should bear in mind that a credit card is usually used to pay in shops and not as a regular debit card.
Benefits of mastercard credit cards
Points and gifts: For each expenditure of € 6 you will accumulate one point. These points can be exchanged for very interesting gifts within the mastercard points program. We recommend that you periodically check the accumulated points, since if you do not use them they expire. They have very practical gifts such as: tool boxes, pans, televisions, laptops, decorations, toys and a wide catalog where they change and update the products.
Free insurance: Mastercard cards are associated with several free insurance that are at your disposal as long as you are the holder of your Visa or Mastercard. These are the free insurance:
- Protection insurance for all your purchases
- Travel and accident assistance insurance
Refund on all purchases: As an advantage you can also benefit from 1% of the total amount of the purchases you make with your card. At least you know that you will recover some of the expense made and this is always an added joy. To put yourself in a situation, for every purchase of € 1000 you will have € 10 refund.
Cards with advanced technology: Technology is also advancing in the field of credit cards and debit cards. In this case, all mastercards have PIN, CHIP and EMV technology, to have a maximum level of security in all purchases.
mastercard: Customer reviews
The main points highlighted by customers who already have a credit card with mastercard are the following:
Refund of the money without any interest rate: In the event that you decide to return the full amount of the card, there are no commissions or interest. This is another advantage that mastercard customers highlight in their opinions.
Free cards, free of extra expenses: This is a factor that their clients value, since other financial entities usually charge annual maintenance fees. With mastercard cards, you pay nothing for expenses. Positive point for mastercard.
Transfers to the bank account: Being able to transfer money from the credit card to the bank account is another of the advantages that mastercard customers value the most. Of course, remember that you can only transfer 80% of the credit associated with the cards.
Points program to get gifts: This point is positive for most of mastercard customers, since they can accumulate points to get gifts, but it has also been an aspect that has generated some criticism. The problem is that points expire over time. To solve this point it is necessary to keep track of the expiration dates, to avoid losing those accumulated points.
Discounts and insurance: The positive opinions about discounts in different establishments such as Vitaldent and the free insurance associated with the card also stand out. In the end it all adds up.
Are you determined to ask for your mastercard credit card ? If you still have any questions, we invite you to visit their website www.avantcard.es , or if you prefer, request it now .
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Other credit cards that may also interest you, before choosing:
If you already own one of the mastercard credit cards, we would love to hear your opinion in the comments. That way, other people can learn from your experience.
Summary: With mastercard you will have 5,000 us dollars of credit to use in whatever you need. The advantage of this type of fast credit is that you can return the money overdue month without paying interest.