Read here, what you have to do in order to really get the card for free!

Gebuhrenfrei MasterCard Gold ► clever use or scam trap?

Over and over again, I have been asked by readers to write a report on the “Gebührenfrei MasterCard Gold” (fee-free MasterCard Gold) of the Advanzia Bank. Actually, we only present providers on our special portal that one can unreservedly recommend …

Advanzia Gold Card

Mix of warning and instructions!

This article of exception is a mix of warning and an instruction of how to use (or take advantage of) the system of the Advanzia Bank cleverly!

1. Here you can subscribe to our Youtube channel (if not already done) and stay up to date automatically!
2. Here you can go directly to the credit card provider ► (thrilling offering for educated bank customers).

1. How does the credit card company earn money?

In order that the MasterCard of the Advanzia Bank really remains free of charge for you, you should know how this provider earns money. Following applies:

  1. unusual high lending rates
    How to avoid them can be read in the 3rd part of this article.
  2. fees at late payments
    Again, the banks does little to avoid these for the disadvantage of the customer – more on that later.
  3. interchange-fees
    These are the costs that the payee of your credit card payment has to pay – just with any other credit card.

Points 1 & 2 are avoidable, point 3 does not matter!

The points 1 and 2 can be avoided, if you know the rules (Terms & Conditions) of the bank well and fulfil them. Point 3 should not matter to you, because this fee is triggered though your card use, but is not borne by you.

2. The ingenious ad of the provider!

Just to say it upfront: the product name “Gebührenfrei MasterCard“ (fee-free MasterCard) is coherent. Especially if one is looking at the extolled product feature of the ad:

Gebührenfrei MasterCard Gold

Ad for the MasterCard Gold, Source:

  • No annual fee

    The savings banks (Sparkassen) charge even for a grey credit card often Euros 25 per year.

  • No cash fee

    Sticking to the comparison to the savings bank, they often charge Euros 5 per withdrawal. However, this is already the first “trap“ for inattentive customers. More about this further below in the article!

  • No foreign transaction fee

    The card use in foreign currencies often costs at other banks 1-2 per cent in fees. This is really a smart move of the Advanzia Bank, since the interchange fees outside the European Union are often 3 per cent (within the EU only 0.3 per cent).

    It is clever to attract customers, who like to use the card abroad in a foreign currency (we recommended this change of condition already strongly to the DKB!).

Additionally, there is the fact that one has an interest-free payment period of up to 7 weeks. This only applies to card payments, not to cash withdrawals.

Let’s go into detail now

3) The System “gebuhrenfrei / fee-free“-MasterCard

3a) Interest-free period versus “usury”-interest

The fee-free MasterCard advertises a 7-week interest-free loan period. That is true. In order to use it completely, one must understand the system of the Advanzia Bank.

It works as follows:

  • You make payments from the 3rd day of the month, which are accumulated without interest on the credit card account until the 2nd day of the next month.

  • Now you receive an email in which the credit card statement is included.

  • Then you have time until the 20th of the month to fully offset the credit card balance via bank transfer.

If you do it that way, you do not pay any fees nor interest. On the contrary, you even had a 3 to 7 week long free loan – depending on the day of payment!

At clever use: interest-free loan!

Let’s take a look what happens, if you do not settle the credit card account on time:

  • If your transfer is received between the 21st and until the 3rd day of the following month, then a loan rate of currently 19.94% per annum is charged from the day of card payment until the date of full repayment.

    This is comparatively unusually high, but no legally unfair usury. That is why we wrote the word in the title in quotation marks. 😉

  • If you cannot or do not want to settle the entire balance, you should make at least a partial payment of Euros 30 – or from a debt of more than Euros 1,000, it should be 3 per cent of the loan amount.

    This way, you pay high interest rates, but the following enforcement consequences will not apply!

  • If until the 3rd day of the following month no or insufficient payment goes into the credit card account,
    • you will receive an overdue notice (fee currently Euros 4.09) and
    • the card is blocked, you cannot make any further payments nor cash withdrawals.

    Interest rates will, of course, continue to be charged for each day on which the credit card account is in the red.

From the bank’s perspective the occurrence of this case is not bad, because money is now earned!

Advanzia should love instalment customers 😉

If you should encounter this situation, it is not that bad, because you can unblock the credit card again through an immediate payment of the invoice amount plus interest and notice fee and the game starts again.

In principle, it would even be enough, if you made a partial payment (instalment)!

However, then interest continues to accumulate! This is not recommendable as a permanent condition, because there is no interest-free period of 3 to 7 weeks in the instalment mode. This only applies, if one settles the balance on the credit card account to zero repeatedly!

Important: no interest-free period at instalments!

Moreover, the Advanzia Bank makes it “easy” to miss a payment date, because:

  • the card statement is sent by e-mail

    Tip: Call and say that your e-mail address no longer exists, and ask for the delivery of the card settlement by mail. This is free of charge (not even postage!), unlike other credit card companies.

    You can also classify the e-mail sender as non-spam, so that e-mails are not eventually filtered, or you write a note in the calendar.

  • there is no possibility of direct debit

    For example, you can set up at Barclaycard that the entire credit card balance is debited from the current account by direct debit always at the due date. Therefore, no cent of loan interest will ever apply!

    If this should not be possible due to a financial squeeze, you can also adjust at Barclaycard that the minimum rate or another freely selectable rate will be debited, so that at least no notice fee is charged and the account will not be blocked.

    Unfortunately, this is not possible with the “Gebührenfrei-MasterCard”!

  • The idea with the standing order (deposit balance reserve)

    It would be clever to set up a monthly standing order or generally “park” a balance reserve on the MasterCard.

    Previously, this was also possible. At least I got the tip from a reader some years ago regarding the cash withdrawals (we will take a look at the pitfalls in a second).

    In the course of researching this article, I contacted the Advanzia Bank staff several times, who gave me the information that too many transferred amounts are transferred back automatically. Balances could only be set up through credits. So for example, if you have returned an order of a mail-order business. This is, of course, no purposeful strategy in our favour!

Interim conclusion: if you pay the card balance on time, everything is free of charge for you! If you exceed the period, it will be expensive. This is good for the bank, as it earns (your/its) money by this.

3b) The “trap” with “€ 0 cash fee”

Although you may be tempted to think that withdrawing cash is free of charge in any case, it is not a proper case of trap, because you can read the exact terms and conditions on the homepage of the bank.

For withdrawing cash, the Advanzia Bank does actually not charge any fee. Thus, the statement “€ 0 cash fee” is correct.

However, loan interest for cash withdrawals apply from the first day (there is no interest-free period of 3 to 7 weeks). Additionally, the interest rate with currently 22.90% per annum is even higher than for credit card transactions.

Since you can actually not “park” any balance on the card, you can only start a transfer for the settlement, when you have withdrawn the money. Considering the posting runs, even very experienced bank customers will find it difficult to avoid loan interest of less than two days. I am looking forward to read your feedback on this subject via the comments feature!

Loan interest instead of withdrawal fee!


The offering of the “Gebührenfrei MasterCard Gold” is directed to a wide audience of credit card seekers. The conditions are such that clever bank customers can use the service completely free and thereby gain benefits that they do not get in many other credit cards.

People, who do not deal in detail with the offer or miss due dates … well, the bank will potentially earn very good through them!

Ideal for people, who have good control of their finances!

It is not my intention to criticize the Advanzia Bank for their conditions or the configuration of the terms. Personally, I am glad that there are many different providers and various strategies. I even love this variety on the market!

… and it is up to us smart bank customers, whether and what we use from such an offering.

For example, the use in the foreign currency abroad is very interesting, as no foreign transaction fee is charged. Moreover, the golden colour design is especially in non-European countries practical, because one normally has to pay a high annual fee in many countries for a Gold Card or has to earn such a card colour through regular and high payments.

At the Advanzia Bank, one gets “Gold” for free!

I am looking forward to learn what you think of the “Gebührenfrei MasterCard Gold” of the Advanzia Bank. Whether you may even apply for it due to this article? Or perhaps you are already a customer and can share experiences, tips and tricks? The comments box is activated!

“Perfect for people, who dominate their finances well”

… be clever and use the Gold Card?

Note for our readers in Austria: At a place of residence in Austria, the card with almost the same conditions is called “free MasterCard Gold“. Find the direct link here ►

Free MasterCard Gold

In Austria, the fee-free MasterCard Gold is called ► free MasterCard Gold. Source:

Further exciting articles about credit cards:

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Please rate the article:
Rating: 4.3/5 (9 votes cast)
Gebuhrenfrei MasterCard Gold ► clever use or scam trap?, 4.3 out of 5 based on 9 ratings

Who writes here?

Someone who gained experience with more than 100 banks in more than 20 countries during the past 15 years. My name is Gregor and if you click to continue you can find out why I am here and what this site is for ⇒ continue.

33 Responses to “Gebuhrenfrei MasterCard Gold ► clever use or scam trap?”

  1. IBRAHIM says:

    Thanks a lot for the review it was very helpfully.
    I didn’t completely understood the cash withdraw part.
    dose that mean that there is no possible way to completely avoid the interest on cash withdraw?

    thanks again

    VA:F [1.9.22_1171]
    • Editorial Team says:

      If you plan the cash withdrawals, with a bit of luck you might be able to avoid the interest on credits.

      Try a scheduled transfer for the planned day of the cash withdrawal or make a transfer immediately after the cash withdrawal.

      Within the SEPA area, a transfer takes 0-1 days (statutory).

      Good luck, and thanks for your great feedback and the compliment!

      VA:F [1.9.22_1171]
  2. PS says:

    The Santander 1 Plus Visa card follows pretty much the same model. In fact it’s even worse in some areas. The billing date is 9th of the month and payment date is 21st. Also you don’t get a email statement. You are expected to login online and check the statement and make the payment.

    VA:F [1.9.22_1171]
  3. ESun says:

    Thanks for your informative website. I have suggested your website to couple of friends and it was very helpful and decisive!

    I would like to know what is the meaning of 19.94% P.A.
    Can you correct my exemplary scenario if I am wrong?

    For Example I purchase something for 1000euros online at 3rd of first month.
    and I pay it in 5 instalments (each 200euros). at the end of 5th month how much is the interest? 1000*19.94%= 199.4 euros for a year? and 199.4 / 12 = 16.61 for each month? and the end of 5th month when I fill the total overdue I should pay 16.61*5= 80 euros as interest?!
    Is this tight?!

    VA:F [1.9.22_1171]
    • Martin says:

      Hi! The interest would be lower than what you calculated. When you purchase something for 1000 € and pay back 200 € monthly, it is as if you had borrowed 200 € for 1 month, another 200 € for 2 months, another 200 € for 3 months, another 200 € for 4 months and finally 200 € for 5 months.

      That would make an interest of about
      0.1994 × 200 € × (1 + 2 + 3 + 4 + 5)/12 = 49.85 €

      It should even be a tiny bit less than that, because interest is actually cleared monthly. 19.94% is what the monthly interest would accumulate to, compound interest included, for a whole year. But as you plan to pay the money back sooner, there’s less compound interest and you need to pay less.

      VA:F [1.9.22_1171]
  4. Julie says:

    My friend was studying in Germany and had a Gebührenfrei Mastercard Gold (Advanzia Bank S.A.). He has debt for 3500 euro. Unfortunately his father died and he return to India. Even couldn’t finish his study. Now he is totally unable to pay the money back. If he visit any EU country / USA /Australia in future, what will happen?
    Should he contact with company and tell them, that he can’t pay back?

    Thanks in advance.

    VA:F [1.9.22_1171]
    • Editorial Team says:

      Tragic circumstances are a possibility – but if they occur, it is not a good idea to then not meet one’s obligations, since there is always the danger of thus obstructing one’s future. We recommend contacting Advanzia Bank and possibly find an agreement of paying back the money in installments. For people still residing in Germany, it might be a good idea to try to get an installment credit and pay it back step by step in installments, since the interest rates there are much lower than at Advanzia Bank.

      VA:F [1.9.22_1171]
  5. Madan Kumar says:

    I have sent the signed post card via post. How long would it take the card to activate. Its been a week and haven’t received any mail from them. Thank you

    VA:F [1.9.22_1171]
    • Editorial Team says:

      Usually, once the postcard regarding the activation of your card arrives at the bank, you’ll get notified via e-mail regarding the impending activation. It is of course always possible that a postcard is delayed in the mail. The best would be to contact the bank to make sure that your post card has actually arrived there.

      VA:F [1.9.22_1171]
  6. Rosario says:

    Thank you for the very useful summary on this credit product.
    I just signed up and now waiting for them to send over the card.
    As far as I understand I should also receive a postcard to sign in and send it back to activate the card, is that correct? Can this activation be done online? As for the monthly payment, as far as you know, is it possible to pay before the natural expiring of the 20th of the month?
    Thanks again and my compliments for your very useful work.

    VA:F [1.9.22_1171]
    • Editorial Team says:

      Thanks for the compliments!! 🙂

      The activation of the card can unfortunately not be done only, it needs to happen by sending the postcard.

      Regarding the monthly payments – yes, as soon as you know the minimum amount that needs to be paid that month, you can take care of the payment, even if it is before the 20th of that month.

      VA:F [1.9.22_1171]
  7. Lab says:

    Hello, This is a really nice platform. Good work. I have a card since February this year with a credit limit of 500 euro. I withdrew the whole fund in February. Since then, I have paid above the minimum amount that has to be paid monthly and I have about 150 euro left to be paid. My question is, at what stage can I request for an increase in credit limit? Or how does the credit limit increase work?

    VA:F [1.9.22_1171]
    • Editorial Team says:

      Thanks! The limit raises happen automatically. Two months, or a bit less, that’s of course a rather short time. If the limit is not sufficient, one can of course call them. Personally, I would wait for the next statements, most of the time the limit raises come without further inquiry.

      VA:F [1.9.22_1171]
  8. Edith says:

    Hi,please I have a credit limit of 800 and I have purchase things with the card of about 450.00euros and I was ask to pay 30 euros per Question is what if I want to pay more like if I have 100,or 200 euros is this ok by the bank?

    VA:F [1.9.22_1171]
    • Editorial Team says:


      yes, the payment of 30 Euro per month is simply the required minimum payment. You can of course pay back with bigger amounts as well. Furthermore, if you pay back the whole owed amount until the date stated in your invoice, you will save the interest for the credit amount.

      VA:F [1.9.22_1171]
  9. Hossain says:

    Hi, If it is not possible to park a balance at the card, then what will happen if my monthly bill is 150 Euro and I transfer 200 Euro? Will they return the 50 Euro or adjust it with next month’s bill?

    VA:F [1.9.22_1171]
    • Hossain says:

      I have tried it. I had due around 167 euro and I paid 170 euro. So it shows about -3 euro in the statement which will adjust to the next months bill.

      This however has no effect on interest, for example when taking money out of ATM.

      VA:F [1.9.22_1171]
  10. Ganesh says:

    Great information. Thank you.
    I have a question. I used the card in a ticket machine in Copenhagen. Should I pay any interest on the amount or should I just pay the ticket cost equivalent in Euros next month?

    VA:F [1.9.22_1171]
    • Editorial Team says:

      You get a statement once a month via e-mail. If you play the complete amount by its due date or earlier, the whole things was interest-free for you. That is smart, isn’t it?

      VA:F [1.9.22_1171]
      • Hossain says:

        Unless you take cash out from ATM everything else is interest free. Every purchase from ticket machine, stores or online shops are interest free. I used the card in Dubai airport and it was interest free. You have to pay by the due date which is around 20th of the next month.

        When purchasing in foreign currency or taking money out of foreign ATM, let the credit card do the currency conversion. It will give you the best rate.

        VA:F [1.9.22_1171]
  11. maria says:

    thank you so much for this info…This is really indeed very helpful… i have just received my card and i have few questions..
    1. How long does it take to increase your credit limit??
    2. in regards to installment payment– If i pay higher than the required minimum payment (which is €30) does it affect the interest rate???or how does it work??…

    VA:F [1.9.22_1171]
    • Editorial Team says:

      Many thanks 🙂 – it makes sense to us to help people with their smart banking.

      1) It’s individual. The best is you use the card closely up to its limit and then transfer the whole amount in time for its due date. You can find that easily in your credit card statement (via e-mail).

      2) You can always pay more than the minimum amount, but that does not change the interest rate. If you can manage it financially, pay back the complete amount in time for the due date, because then there will be no interest for the credit at all. The credit duration was free of charge for you! Exception: cash withdrawal. Here, the interest is accrued starting with the day of the withdrawal. You can shorten the duration of the interest accrual by transfering/paying back earlier.

      You can find the interest rate on the provider’s website. We don’t post them here, because they are subject to change. They are not cheap though, but it is easy to get a card as well as – in time – a large line of credit.

      Best of luck!

      VA:F [1.9.22_1171]
  12. Prince says:

    Nice platform, I submitted an application for the credit card and they reply me with the card to sign a form together with my passport, before they can send me the code. I wanted to ask, if this this normal process?

    VA:F [1.9.22_1171]
    • Editorial Team says:

      There are always changes in the application process from time to time (optimizations or particu-lars due to the credit check). The best would be if you call Advanzia Bank directly and ask about your application.

      VA:F [1.9.22_1171]
  13. Mirabel says:

    Very nice platform. I made a cash withdrawal and they sent the invoice which I paid the total amount plus the interest rate but one month later they send me another invoice with interest and claimed I suppose to pay.
    Below is the response I got after sending them an email.

    “thank you for your message.

    Due to our GTs & Cs, we always do not have any interest in cash transactions, even if you pay the entire balance.

    We charge interests from the day of the transaction (14.08.) Until the invoice (03.09.) – 11.97 € and in addition from the invoice (04.09.) Until the day you pay in / clear the balance (11.09.) – 3.99 € ,

    This is not the case, but it’s a good idea.

    Please inform us, if you do not have any limits for your credit card anymore.

    Yours sincerely,”
    They sent me an invoice with interest rate of 11.97euro which I paid on the 11/09 but the due date was the 20/09. After few weeks they send another for 3.99euro for the same loan.

    VA:F [1.9.22_1171]
  14. tiha says:


    Thank you so much very kind info.
    I’d like to ask about interest.
    I used the card with purchases 600 euro then I paid back 200 euro then after I used it next month 500 euro again.
    They added interests all of amount previous left amount 400 euro and this month’s new amount 500 euro. The total 900 euro plus 1.53% interests. Is it normal?
    They said purchase interest is 1.53% per month. But the new bill has not still 1 month.

    Thank you.

    VA:F [1.9.22_1171]
    • Editorial Team says:

      There is no interest at all, if one settles the account in time for the due date. This is a great advantage, which man smart banking customers use. However, if one does not settle the complete amount, interest is charged beginning with the accounting/booking date. One does not have any “interest-free” weeks. That can get expensive. We recommend to our readers to always settle, in so far as it is financially possible, the account in time for the due date.

      VA:F [1.9.22_1171]
  15. Loisy says:

    Can I borrow more money even when I haven’t settled the old balance

    VA:F [1.9.22_1171]
    • Editorial Team says:

      You can make use of the whole credit line, the amount of which you can find on your monthly credit statement. If you reliably repay the minimum amount, the complete amount or an amount in between, the credit line will be increased in the following months, and you can make use of more credit. Anyway, this is the way it normally works.

      As a specialty portal for smart banking customers, however, we recommend having a look at the interest rate and to not stay in the credit longer than necessary.

      VA:F [1.9.22_1171]
  16. Tahir Shah says:

    Hello please let me know how can I pay back advanzia MasterCard the balance which I used? Regards

    VA:F [1.9.22_1171]
    • Editorial Team says:

      You can find the account details for the transfer on each credit card statement, which is sent by you via e-mail each month.

      VA:F [1.9.22_1171]
  17. Deepak Garg says:

    Very informative

    Is it necessary to have minimum amount transaction per month (in total)? I mean if we don’t do any transaction per month and we don’t have any previous due, so will it cost something?
    Previous month I use ATM and withdraw 300 Euro, I can’t see any additional incurring charges in this month statement, will they send me another letter etc to pay ?

    VA:F [1.9.22_1171]
  18. Y says:

    Great article! On a side note, I called Advanzia Bank today to ask the following situation:

    15 Nov – purchase an item for EUR500
    20 Nov – pay the full amount to the bank
    25 Nov – return the item and the merchant refunds EUR500

    I was told that:
    1) I will have a positive balance (naturally)
    2) I can either use this balance to offset the next month invoice, or;
    2) I can withdraw this positive balance without any interest!

    When asked if I could create a positive balance via bank transfer, they said it is not possible (which is in line with this article).

    But if the positive balance is due to a payment (e.g. refund), I could withdraw the money without any interest.

    Therefore if I plan to withdraw money using the card, I could buy an item using the card, pay the whole amount, and return the item!

    Could anyone foresee any problem doing that?

    VA:F [1.9.22_1171]

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