Request a credit card and wondering where you stand? The card makes it possible to withdraw money and make payments at millions of points in the world. Where the Dutch bank card is not accepted, the credit card is a handy alternative.
A credit card makes it possible to withdraw money and make payments, up to the spending limit. We list a number of characteristics, as well as information about the interest that you may pay. Based on this, you can compare the different providers of the credit card online to make a good choice.
What is a credit card?
Curious about what a credit card really is? It is a bank card linked to a checking account. When you request a credit card you can choose a spending limit. That is, for example, € 1,000 per month by default, but it is also possible to increase this to, for example, € 5,000 per month. Within that spending limit it is possible to make expenses or withdraw money. The card works just like a regular debit card. In many cases you will need a pin code to be able to use a credit card, but this is not always the case (particularly) abroad.
Characteristics of the credit card
- Withdraw money and make payments
- Credit limit per month
- Flexible repayment on outstanding credit
- Flexible duration
- Choose the spending limit yourself
- Early repayment without extra costs
Interest on a credit card
You only pay interest on a credit card when there is an outstanding credit that you cannot pay immediately. Do you have a limit of € 1,000 per month and do you include € 800 in any month? That means that you will then pay interest on it. However, do you immediately make a payment of € 400? Then there is an outstanding credit of € 400, so that you only have to pay the interest on it.
Do you want to use the credit card without interest? This is possible by immediately settling the invoices from the provider when they arrive. It is, of course, important to keep a close eye on whether you have enough money available to cover the expenses you incur.
Compare online credit cards
Compare multiple credit cards online and wonder what you should pay attention to? It is wise to take a good look at the spending limit, the fixed costs per month (or per year) and the interest at the moment that an outstanding credit arises. You can use this to make a good comparison between the various credit cards.