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All the pros and cons of the Advanzia Toll Free Mastercard Gold Credit Card

The Mastercard Gold free of charge, Perhaps also known to some as Advanzia credit card, it is a somewhat double-edged sword. On the one hand, the free credit card promises a more than solid service package for travelers, but it also comes with a few pitfalls.

Advanzia Toll Free MasterCard Gold

  • Free credit card - permanently without an annual fee
  • Free Cash withdrawals (theoretical)
  • Worldwide free Payments - no foreign transaction fee
  • Essential travel insurance included
  • Free loan up to seven weeks

Mastercard Gold free of charge

  • Permanent without annual fee
  • Golden Credit card
  • Worldwide free Payments
  • Essential travel insurance included

The toll-free Mastercard stands out in the comparison of credit cards by the fact that itwithout Schufa examination is issued and has a somewhat seedy reputation. Nevertheless, the Advanzia credit card offers some advantages that can definitely pay off when traveling. We take a detailed and critical look at the map!

Table of Contents

The Advantages of Advanzia Toll Free Mastercard Gold

The biggest advantage of the Fee-Free Mastercard Gold is relatively obvious: You get the credit card completely free of charge. This means that you neither pay an annual fee in the first year nor in the following years and can therefore hold the card completely free of charge regardless of how you use it. Even if you never use them, there are no costs. This is particularly valuable due to the other advantages that the card offers, because it makes the Advanzia credit card a very good overall package, which more than pays for itself when traveling.

In addition to the free use, this is also due to another advantage, namely the lack of foreign transaction fees, which are otherwise includedalmost no other travel credit card occurrence. Because the fees do not only apply within Europe when paying in euros, but worldwide and regardless of the currency in which you pay. Only the Santander 1plus Visa Card and the Barclaycard Visa can compete with the Advanzia Mastercard credit card in this respect, because the Santander credit card also offers completely free payments in all currencies.

This is a huge advantage, especially on long-haul trips, because any other means of payment usually come with high fees in this regard. In addition, both Mastercard Gold free of charge is a real credit card, which enables you to obtain an interest-free loan by collecting the payments in your credit card account. If you follow the somewhat complicated guidelines for balancing your account balance, you can receive a loan for a period of up to seven weeks without paying interest. We will go into more detail about the repayment below.

Cash withdrawals with the Advanzia Toll Free Mastercard Gold credit card

According to the website of the Advanzia Toll Free Mastercard credit card, you could say that it also offers free cash withdrawals. This is because Advanzia Bank communicates it in exactly the same way. However, there is a small catch that you should always pay attention to before applying for the card. This is due to the fact that the card does not generally charge any fees for withdrawals worldwide, but withdrawals are always charged with debit interest. Specifically, this means that every time you withdraw cash with the Fee-Free Mastercard Gold, you pay an effective annual interest rate of 21.7 percent on the amount withdrawn. Thus, the free cash withdrawals can only theoretically be seen as an advantage of the Advanzia credit card. As we will show you in more detail below in the alternatives to the card, we recommend that you choose a different model if you are interested in worldwide free cash withdrawals, as withdrawals are possible with the free Mastercard Gold despite the lack of fees are always associated with costs.However, these can be minimized with a trick, as we will also show you in more detail below in the Repayment section.

Advanzia credit card insurance benefits

Another important part of the benefits of a travel credit card, which we consider one of our most important features of a good credit card, is insurance benefits. As with the free withdrawals, Advanzia strongly advertises the insurance services of the Fee-Free Mastercard Gold credit card on its own website. The card comes with the following insurance policies, which you have included in the package completely free of charge:

  • Travel cancellation, travel interruption and luggage insurance
  • Flight and baggage delay insurance
  • Liability insurance abroad
  • Health insurance abroad and accident insurance

This means that the Advanzia Mastercard Gold credit card generally offers all the important insurance services; only fully comprehensive rental car insurance can still be worthwhile in many cases. To make use of the insurance, you only need to have paid 50 percent of the planned transport services with the Mastercard Gold free of charge. However, at first glance, the insurance companies sound better than they actually are.

This is due to the fact that both the damage sums are not particularly high, especially when it comes to travel cancellation insurance. In addition the deductible is a hefty 20 percent the amount of damage with a minimum amount of 100 euros. Otherwise, the insurance benefits, especially the international travel health insurance, are quite good and quite on the level of other credit cards.

The Cons of the Toll Free Mastercard Gold Credit Card

The Advanzia credit card is not one of the most controversial products on the German market for nothing, because there are some disadvantages that can lead to a lot of dissatisfaction, not only when traveling. This is not only due to the very well hidden costs of the cards, but also to the sometimes really clever methods with which one tries to cash you. However, if you circumvent this skillfully, the card can be a pretty valuable companion when traveling. Before we take a closer look at the individual disadvantages of the credit card and go into them, first of all an overview of all disadvantages:

  • High debit interest when using the partial payment function
  • No automatic debit via direct debit
  • Calculation of debit interest on cash withdrawals
  • Calculation of debit interest for PayPal payments
  • Low credit limit at the beginning
  • No use in the credit

Overall, the disadvantages are quite relevant, because the very high borrowing interest of 19.94 percent per year, in particular, does not necessarily make the card a cheap credit provider. These are not only incurred when using the partial payment function, but also, as already mentioned above, when withdrawing cash. Here the fees are even higher at 22.90 percent APR. In addition, the toll-free credit card still has the unpleasant habit that PayPal payments that are sent to friends and relatives generally also earn interest.

The biggest disadvantage: The repayment of the fee-free Mastercard Gold

The high debit interest of the Fee-Free Mastercard Gold is not for free, because it is precisely these that bring the bank the most money. Thus, the Advanzia Bank makes it difficult for you to escape this at all. After the credit card has been billed, you have exactly 20 days, because if the transfer arrives later, you pay the specified 19.94 percent interest on the amount due. If there is still no payment for at least 3 percent of the amount due, a reminder will follow, which in turn is associated with costs, before your Advanzia credit card is then blocked. However, a direct debit option is now also offered so that you can avoid the cost trap.

The matter becomes particularly unpleasant and, above all, dangerous because Advanzia generally sends the credit card statement by e-mail and it can therefore be quickly lost. If you prefer to receive the statement by post, you can simply call the bank and say that the email address no longer works, but alternatively, saving the bank's email address can be sufficient so that the email can no longer be lost. Another disadvantage of the credit card in terms of repayment is that you cannot keep it in credit. With most credit card providers, this is possible without any problems, you simply transfer money to your credit card account and find the credit on the credit card a few days later. This is also possible with the Santander 1plus Visa Card, one of the toughest competitors of the toll-free Mastercard. So what counts overall: If you can live with the somewhat complicated billing and do without cash withdrawals as much as possible or pay them as quickly as possible, you can use the Advanzia credit card with all its advantages completely free of charge.

A difficult subject: Applying for the Fee-Free Mastercard Gold

Regardless of the advantages and disadvantages of the credit card, applying for the Toll Free Mastercard Gold is definitely worth mentioning. This is because there are some special features compared to other travel credit cards. So there is still the rumor that you can apply for the fee-free Mastercard Gold as a credit card without a Schufa check. Of course, we cannot say exactly how the Advanzia Bank will carry out your credit check and the criteria according to which the card will be issued. What is certain, however, is that the card gives you a good chance of receiving a positive application even if your credit rating is not perfect.

It is even often claimed that if the credit rating is too good, the card will not be issued, as this does not fit into the bank's customer profile. After all, you want customers who use the partial payment function as often as possible. In relation to the competition, applying for the fee-free Mastercard Gold is much easier, because the Santander credit card, for example, is known to have relatively high demands on creditworthiness. So you get a very powerful travel credit card even without a flawless Schufa and you don't pay anything for it with the right use.

Who is the Advanzia credit card for?

The Advanzia credit card is without a doubt a good travel credit card, provided you use it properly. Above all, it is a very good credit card for payments in foreign currencies, as you actually get a free credit card that does not incur any fees for payments in currencies other than the euro. Regardless of whether you pay in US dollars, Thai Baht or Japanese yen - your payment is always free. In addition, you benefit from the generally very attractive exchange rate from Mastercard, so that the card is absolutely recommended for this purpose.

Even if you are looking for a credit card with insurance benefits, but at the same time shy away from the high annual fee of cards like the American Express Business Platinum Card, the Advanzia Toll Free Credit Card can be a very good choice. Although the insurance package of the Fee-Free Mastercard Gold is not perfect in all areas, you can expect the most important insurance benefits with an only slightly above-average deductible and at least a sufficient sum insured for normal trips. Our recommendation for a card with insurance benefits is still the Barclaycard Platinum Double, but the Advanzia credit card can at least be a good free alternative.

Under no circumstances should you apply for the Fee-Free Mastercard if you are looking for a credit card for free withdrawals. Although the bank from Luxembourg may advertise this advantage, it is such a complicated accounting and interest process that you as a customer can only emerge as a loser. Especially since there are generally a large number of alternative free credit cards in Germany that offer you free credit cards without comparable restrictions. These include the comdirect credit card or the DKB credit card and, last but not least, of course the Santander 1plus Visa card.

Overall, it can be summarized that the Advanzia credit card is always a good choice if you are looking for a free credit card that also offers numerous additional services. You should concentrate on the insurance benefits and free payments in foreign currencies, two important benefits of credit cards for trips to the USA, but also to many other countries. You should only use the advantage of the “free” withdrawals in exceptional cases because of the risk of interest.

Finally, we only want to recommend the Advanzia Toll Free Credit Card to you if you can cope with the complex billing modalities. You have to settle the card statement by bank transfer every month and remember that this only comes by email. In addition, you must not forget to settle the card balance immediately when withdrawing. If you keep these two things in mind, the Free Mastercard is without a doubt one of the best options among free credit cards, especially for travelers. The credit card can definitely be worthwhile - just not for everyone.

Alternatives to Advanzia Toll Free Mastercard Gold Credit Card

Of course, the Advanzia Toll Free Mastercard Gold is not the only model on the market that has a very solid portfolio of services. Therefore, as part of this presentation, we would like to take a quick look at the alternatives to the credit card. First, let's take a look at the free alternatives, which include the following:

The classic among the free credit cards is certainly the Hanseatic Bank GenialCard, which has already been mentioned a few times. This undoubtedly has the best service package, because with this card there are real free cash withdrawals and free payments worldwide. However, compared to the fee-free Mastercard Gold, the card is more difficult to obtain.

The DKB credit card can also score with free withdrawals and payments worldwide, but is only free if you also use the associated DKB Cash account as a so-called active customer. In addition, the necessary opening of the current account certainly disqualifies the card for many compared to the fee-free Mastercard Gold.

In addition to the free models, alternatives to the Advanzia Mastercard Gold credit card are of course also the premium credit cards, which can score with extremely good services. The best alternatives from the premium travel credit card sector are the following:

The Barclaycard Platinum Double offers without a doubt the best service package. Free withdrawals, free payments abroad and an insurance package, which is the best on the entire market, make the card, together with good service, a real power package. With an annual fee of 99 euros, the card is not exactly cheap either. The same applies to the American Express Gold Card, which, in addition to a good insurance package, offers you the opportunity to participate in the lucrative Membership Rewards program and collect miles with your credit card, but also has many fees when traveling. Overall, with regard to the alternatives, you have to decide whether the stress of the cumbersome repayment and the sometimes somewhat treacherous properties of the credit card are worth the otherwise low costs. In addition, the application and thus the creditworthiness certainly play a role in the decision for or against the fee-free Mastercard Gold.

Conclusion on the Advanzia Toll Free Mastercard Gold Credit Card

Overall, the Fee-Free Mastercard Gold is certainly one of the least transparent products on the German credit card market. This is not least due to the somewhat misleading website, which promises a lot of advantages at first glance, but at second glance it is not without a doubt able to keep them. Without a doubt, the Advanzia credit card can be one of the best deals when it comes to credit cards when traveling, because the missing fees and the permanent annual fee are hard to beat in combination with the low credit rating requirements. However, when choosing the card you have to be very careful not to fall into one of the numerous fee traps that are set for you with the card. However, if you use the card as described and thus avoid the high costs, you will receive an almost unbeatable package completely free of charge.

Frequently asked questions about Advanzia Toll Free Mastercard Gold

Is the Advanzia Free Mastercard Gold Free? +

You will receive the credit card completely free of charge.This means that you neither pay an annual fee in the first year nor in the following years and can therefore hold the card completely free of charge regardless of how you use it. Even if you never use them, there are no costs.

Can you withdraw cash free of charge with the Advanzia Free Mastercard Gold? +

Although the card generally does not charge any fees for withdrawals worldwide, withdrawals will always be charged with debit interest. Specifically, this means that every time you withdraw cash with the Fee-Free MasterCard Gold, you pay an effective annual interest rate of 21.7 percent on the amount withdrawn.

How does the repayment work with Advanzia Free Mastercard Gold? +

In contrast to other banks that allow repayment by SEPA direct debit, you have to repay the fee-free Mastercard Gold monthly by bank transfer. You have exactly 20 days after the credit card has been billed, because if the transfer arrives later, you pay the specified 19.94 percent interest on the amount due. If there is still no payment for at least 3 percent of the amount due, a reminder will follow, which in turn is associated with costs, before your Advanzia credit card is then blocked.

Advanzia Toll Free MasterCard Gold

  • Free credit card - permanently without an annual fee
  • Free Cash withdrawals (theoretical)
  • Worldwide free Payments - no foreign transaction fee
  • Essential travel insurance included
  • Free loan up to seven weeks

Mastercard Gold free of charge

  • Permanent without annual fee
  • Golden Credit card
  • Worldwide free Payments
  • Essential travel insurance included