Hardly anyone needs an user manual in order to use a credit card, of course. However, the Comdirect Visa card is full of useful and customer friendly details, so I’ve come up with seven points that I’d like to share with you based on my knowledge and experience.
I call them the 7 secrets for optimal use.
Directly to the bank ⇒ https://kunde.comdirect.de/cms/visa.
1. Cashless payment with small interest advantage
With Comdirect’s Visa card, you’re dealing with a “real” credit card with its own credit card account (viewed separately from the checking account in online banking) and credit limit.
Together with the Comdirect bank the credit limit is determined based on creditworthiness and the customer’s request. A request for a credit limit can be specified in the application. When I opened my Comdirect account, the initial credit limit started at 1,000 euros. Even without use of a salary account!
The balance of the visa card starts at 0.00 euros or dollars. If you use the credit card for payment, the account balance slips into the red. That’s the way it’s supposed to be, because there is no interest on credit until the next settlement with the checking account.
Comdirect automatically settles the negative credit card balance with the checking account every begin of month. For example, if you have 1,800 dollars on your checking account and -300 dollars on the credit card, it looks like this after the settlement: 1,500 dollars on the checking account, 0 dollars on the Visa card.
Since the settlement only takes place once a month, you can only be interest free for a maximum of 30 days. This advantage creates an interest rate better than with debit cards like the Comdirect debit card, which immediately withdraws from the checking account.
2. “Change-Saving” with 10% interest rate
First of all, the “Change-Saving” program is optional. If you would like to take advantage of this feature, a one-time activation is necessary. It’s worth it, as you are about to see. At least if you consider yourself to be a “penny pincher.”
“Change-Saving” works like this: You pay €18.50 with your Comdirect Visa card for example. Your credit card will be charged with €18.50. Then, an imaginary 50 cents (always rounded up to the nearest full euro) will be re-booked from the credit card account to your direct access savings account (interest-bearing savings account).
You start increasing your savings automatically (which could be used as an emergency fund, for example).
But it get’s even better! Comdirect gives a 10% bonus every time you take use of Change-Saving. In the example above, .05 euros would be earned with a single transaction. This credit is transferred to your account on a monthly basis, which significantly increases the interest on the savings!
Comdirect’s video explaining “Change-Saving” (German)
Motto: Many a mickle makes a muckle!
3. Withdraw money at no cost while abroad
You can withdraw money at no cost using your Comdirect Visa card at any Visa-certified ATM, even outside of Germany. Comdirect Bank automatically covers any fees for you, so don’t be bothered if notifications about international fees pop up.
If you withdraw money outside of the Eurozone, your withdrawal is exchanged via the extremely low Commerzbank rates.
In order to not pay exorbitant exchange fees at ATMs, make sure to withdraw in local currency without currency calculating actions. Sometimes foreign ATMs are intentionally confusing.
If you would like to read more about withdrawing money in foreign countries, make sure to check out my article: Tricks for ATMs in Poland (German). It’s full of examples.
4. Refunds from international fees
(omitted since 2/2016)
However, Comdirect refunds 100% of these fees at your request. Comdirect is one of the two banks in Germany that offer this generous service.
I’ve written even more on this topic, which you can find on this page: Comdirect refunds fees (German).
5. Convenient safety
You can have a text message be sent to you at no cost with credit card transactions starting at 200 euros in Germany or at any sum abroad. This is an excellent service to monitor your own credit card.
If you notice an unauthorized debit via text message, simply call the Comdirect customer service and request that the amount be returned.
Note: If you are currently abroad, your mobile service provider may charge fees for incoming text messages. Check and decide for yourself whether or not to use this service.
6. Configurable PIN which can be changed at any time
With so many PINs, codes, and passwords that you have to remember these days, it’s not always easy for me to remember a new PIN. Especially if it’s for a new account or a second account for travel purposes.
This is why I love being able to change the PIN for my Visa card. You can change the PIN for your credit card using the online banking system whenever you want, wherever you want.
The Visa card can only be applied for together with an unconditionally free checking account. This is necessary as a reference account for the credit card. Understandably, the bank only gives credit card with credit limit to people who have a good credit rating.
If there is an issue with getting a “real” credit card due to a lack of information about personal credit in the General Credit Protection Agency (German: SCHUFA) or because of currently low monthly income, you can issue a Comdirect Visa prepaid card.
Alternative: Comdirect Visa Prepaid card!
The prepaid card has the same exceptional conditions as described apart from point 1. There is no credit limit. In order to pay with the prepaid credit card, you have to put money on it first.
There is no yearly fee for a Comdirect prepaid card. This sets the card apart from almost all other prepaid cards on the German market.
“Yes, I would like a Comdirect Visa card”
Extremely customer friendly!
I am happy to be of further assistance with my knowledge and experience in regards to the Comdirect Visa card. Simply post your question at the bottom of this page.