Best Credit Cards in Austria

Aug 15, 2021Banking and Finance, Living in Austria

Are you living in Austria and considering getting a credit card? Firstly you need to know that there isn’t a wide range of credit cards to choose from. It’s not very common for Austrian folk to use credit cards. People tend to take loans instead if they really need money.

Best credit cards in Austria are:

  • DKB Cash Visa Card
  • Free MasterCard Credit Card
  • Erste Bank (Sparkasse) Credit Card
  • PayLife Classic or Gold Card

Did you found yourself in need for a credit card in Austria? It can be a convenient addition to your wallet since credit cards are handy for online shopping, traveling, and spontaneous purchases. In this article, you will learn which credit cards are offering the most benefits, which fees you can expect and how to apply for one.

Credit Cards in Austria

To get a credit card in the Austrian bank, you usually will need to open a current account first. Most of the banks in Austria are offering Mastercard cards, some Visa and you can also find providers of American Express.

While comparing credit card options, the DKB Visa card definitely wins with its price-performance ratio and transparent conditions.

Free credit cards in Austria

In Austria, there aren’t many free credit cards on the market, currently, we can only recommend 4 providers. These cards can be used without annual fees.

Nonetheless, some cards may include fees when used, especially when withdrawing cash abroad or paying in non-EURO currency.

Only the following credit cards offer free cash withdraw:

Banks like N26 and DKB require you to open a free bank account first, based on that you can receive a credit card.

1. DKB – Cash Visa Card

Credit card from DKB is one of the best free credit cards in Austria and Germany, as well as their free bank account for students. This card will be especially handy when you are traveling and withdrawing cash abroad.

With the DKB credit card, you can enjoy all the benefits of a credit card for free. To get a credit card you will need to open the DKB Cash current account which is also free.

Highlights of DKB – Cash Visa Card:

  • Free Austrian bank account and debit card
  • Free Visa credit card
  • Worldwide free cash withdrawal with Visa card at ATMs
  • Enjoy maximal credit limit is 15,000 EUR
  • Cash limit is 1,000 EUR
  • Interest rate is 6,90%
  • Online banking
  • Open account online
  • Free emergency card and emergency cash
  • Up to 20% online cash-back
  • International student card (ISIC) for worldwide discounts

With the DKB Visa credit card, students can benefit from both free withdrawals and fee-free payments in Austria and abroad.

To get a DBK credit card you need to sign for their free bank account first. Hence a visa credit card will accompany a normal debit card. Both of them are free.

Things to know:

  1. The minimum amount for free cash withdrawal at ATMs is 50 EUR.
  2. Monthly deposit of 700 EUR improves conditions of the card.
  3. When going overdraft with the credit card you will be paying 6,90% in interest rate.

As a new DKB customer, you will enjoy all its benefits as a customer for 6 months. After that period, you will need to maintain a monthly turnover of 700 EUR to keep the perks. If you use a DBK bank account as your main, this shouldn’t be a problem.

Apply for the DKB-Cash VISA card:

  • Fill out online application
  • Online instant decision
  • Identity check
  • Receive documents online banking
  • Visa card by mail
  • Letter with PIN

2. Free MasterCard Credit Card

Advanzia Bank S.A. is a classic direct bank, which is headquartered in Luxembourg but operates primarily in German-speaking countries, including Austria.

As the name of the card says for itself – this credit card is free! The Gebührenfrei (Free) Mastercard Credit card Gold is the perfect credit card for Austria. While it doesn’t cost you anything it comes with very useful features.

Highlights of Free Advanzia Mastercard Gold Card:

  • Mastercard credit card
  • 25 EUR as starting credit
  • No monthly or annual fees
  • No fees for payments in foreign currency – worldwide free payments
  • Free cash withdrawals worldwide
  • Easy application process (no PostIdent required)
  • Apple Pay & Google Pay
  • Travel insurances included
  • Free credit for up to 7 weeks (no interest rate applies)
  • Flexible repayment possible
  • 24/7 customer service
  • Contactless payments

Things to know:

  1. Application is also possible with low credit score, for example, as unemployment or student.
  2. When withdrawing the cash interest rate of 1,49% per month will apply.
  3. The limit of the card is always based on personal income.
  4. Interest rate for overdraft 19,94%.

Apply for Free MasterCard Gold

In principle, any person of legal age residing in Austria is eligible to apply for this free MasterCard Gold card. Opening a current account with the bank it’s not necessary.

  1. Fill out credit card application online.
  2. Bank will check the request and send you the contract.
  3. Then send all nessasary documents to the bank at the click of a mouse.
  4. You will receive confirmation.
  5. After that you will need to take a photo of the contract and send it to the bank via email or upload via a using the link.
  6. Bank will send you credit card per mail within two to three weeks.

Also read: Best Bank Account for students in Austria.

3. Erste Bank (Sparkasse) Credit Card

Erste Bank Austria from Vienna was founded in 1819, and this is the oldest credit institution in Austria. They offer a wide range of financial products, but their bank accounts and credit cards are among the most popular ones.

You can choose between various credit cards in addition to the normal bank account with Erste Bank:

  • Mastercard First
  • Mastercard Gold
  • Mastercard Platinum
  • Visa Card First
  • Visa Card Gold
  • Visa Card Premium

All of them are available to you at no charge in the first year.

Because you can choose between so many credit cards with a bank account at Erste Bank we can’t list all benefits of all cards but the most basic one Mastercard First:

Highlights of Erste Bank Credit Cards:

  • Wide range of Visa or Mastercard cards
  • Debit plus credit card
  • Free credit card in the first year
  • Monthly fee for bank account is just 2 EUR
  • Free cash withdraws with debit card
  • Open a checking account online in 10 min
  • Modern online banking
  • Choose between Mastercard or Visa

Highlights of Mastercard First Credit Card:

  • 30 EUR bonus when opening new account
  • Free in the first year after FREE for students otherweise only 1,82 EUR
  • No fee on payments in EURO
  • Contactless payments
  • Cash withdraw fee is 3%
  • Modern online banking

Things to know:

  1. In order to get a credit card with Erste Bank you will need to open a bank account first. It can be used for receiving the salary or pension, for example.
  2. Payments abroads in foreign currenty are subject to the fee of 1,5%

Apply for the Erste Bank Credit Card:

You can easily open the account online. Simply fill out and submit the form on a site. After that, you will need to go through verification process. In the end, the card will send to you via mail.

4. PayLife Classic or Gold Card

Hello bank is an Austrian online bank. They offer various financial services including standard banking accounts and several credit cards. In Austrian rankings, Hello bank achieved the quality rating “very good” with a score of 1.4 for terms and conditions.

Credit cards with Hello Bank:

In addition to the fully-fledged current account of an Austrian bank, you can select credit card classic or gold – Visa or Mastercard.

Highlights of PayLife Classic Credit Card:

  • Choose between Visa or Mastercard credit card
  • Get 75 EUR in starting bonus
  • Annual fee is EUR 22,20
  • Monthly credit limit 2,200 EUR
  • Free banking account
  • Contactless payments
  • Test card for free for 3 months!
  • Maestro debit card included
  • Select between 3 different credit cards with various benefits
  • Gold credit card is gratis for the first year
  • Free cash withdrawals in the EURO area
  • Free money transfers within EU
  • Only 6,75% p.a. interest on overdrafts
  • Free cash deposits

Highlights of PayLife Gold Credit Card:

  • Monthly credit limit 3,000 EUR
  • Gratis for the first year
  • After that annual fee is 64,80 EUR
  • 3-fold travel protection
  • Contactless payments
  • And all other benefits of PayLife Classic

Things to know:

  1. You can withdraw cash for to 1,200 EUR per week. In Austria it can be up to 400 EUR per day. Fee for cash withdrawal with credit card min. 3,50 EUR or 3,3 % of the amount.
  2. Payments with credit card outside the EU zone 1,65 % of the amount.
  3. Cash withdrawal from ATM with debit card are free of charge in the EURO zone, outside fee of 1,82 EUR + 0.75 % of the amount applies.

Apply for a card from Free Credit Card from Hello Bank:

The application can be done online. Simply fill out the card order form, print it out, and sign it (or sign digitally). Send it to the Hello Bank per email.

You can also open a bank account for your salary in Austria.

Credit card alternative in Austria

Taking a personal loan is a good alternative to the credit card in Austria. Bank Raiffeisenbank offers loans in Austria with great conditions. The Bonus credit with Raiffeisenbank will be helpful in many phases of your life, but particularly when you will need some additional funds in the short term.

Raiffeisenbank Austria was founded in 1927 and is headquartered in Vienna. However, the bank itself was founded back in the year 1886. With its 24,700 employees and 1,979 branches, Raiffeisenbank is a trustworthy bank to take a loan and by far the largest banking group in the country.

Personal loan with Raiffeisenbank:

  • Loan amount from 4,000 EUR to 30,000 EUR
  • Duration from 1 year to 10 years
  • Effective annual interest rate from 2.9 % p.a. to 9.4 % p.a.
  • Debit interest rate 2.875 % p.a.
  • Payout within 48 hours

Also read: Best Bank Account for students in Austria.

Recommended products and services in Germany:

This post contains affiliate links. The affiliate link means I may earn an advertising/referral fee if you make a purchase through my link, without extra cost to you. It helps to keep this blog afloat. Thanks for your support. 

Related Posts

Follow Us