I am spending a bit more in EUR and would like to get a credit card in EUR for some additional rewards.
Credit card companies in Portugal automatically decline my request because I am not a tax resident and/or haven’t filled taxes in Portugal for the last year.
Any credit card available for not residents in Europe that you see as worth doing?
I already have a platinum american express in CHF so I don’t need lounges or anything like that.
Would be nice to collect some cashback and/or points/miles.
Interchange fees for consumer card payment cards in the EEA has been regulated (capped) by the EU‘s interchange regulation.
That’s why lots of bonus programs were discontinued or card fees/conditions got much worse. Probably not worth to bother, at least for Visa/Mastercard cards covered by the regulation.
Just use Wise. If if stuck with AmexPlat (ugh, dont), can get a CHF cashback card and EUR AmexPlat with same fee. Would just use Wise for all cross border payments, I wish there was a good cashback Eur card available.
Can you request a AmexPlat in EUR as well from SwissCard? (no extra cost?)
The Amex Plat is quite a nice deal for us. Since we are 2 people it’s 450 CHF per person and just the PriorityPass Unlimited access pays for the card since we are travelling quite often. Hotel perks, etc are also really nice so even though it’s not that mustachian I still see the value in having it.
Because Italy is a beautiful country where I love to spend money, but I don’t have an account in euros and don’t wish to have one.
I just want to freely spend euros when I feel like it, without prior planning and budgeting, then settle any credit card invoice by wiring the exact amount in euros from IBKR.
Debit cards are working fine for most situations these days. There is a lot past assumptions that debit cards are declined, and a ‘true’ credit card is needed. All modern payment systems accept debit just fine or same as a CC. I used my Wise card for hotel reservations, payment and also car payments, including non-european countries. I assume debit cards from other providers are fine, too. Keep balance in EUR on Wise, spend from card - physical card and virtual card(s) online, with no recurring fees. For the rare situation it doesnt work, use the CHF physical CC and eat the 1.2 to 2.5%+forex charge
Thank you, MyFlex looks good and seems provided by DKB.
However, they demand a SEPA standing authorization, therefore expect you to have an account in euros somewhere
I would like to avoid opening an account in euros. My goal is to settle my invoices a posteriori, without having to maintain a positive balance in euros.
Kartenabrechnung/Abrechnungskonto
Die nach diesem Vertrag fälligen Forderungsbeträge werden gemäß dem folgenden SEPA-Lastschriftmandat per Lastschrift von diesem Konto eingezogen:
You don’t need a credit card to spend money.
You can use a debit card to spend (though admittedly have to have either money on the account first or line of credit).
You probably do want to have a EUR account (see below).
Even if you only replenish that account on demand (see your later post).
I can see the convenience from your side.
But from the perspective of the bank, your bills will be paid from the account of a corporation (IBKR) that’s outside of the European Economic Area - instead of from an account in your name. Some won’t like that.
Few to to no banks will issue you a credit card, when you …
want it for free
don’t live in their country (the countries they have as target markets)
or are a citizen of that country
don’t have credit history there
don’t pay the bills from your own bank account
don’t hold assets as a guarantee/collateral
and not even have a “reference” bank account at all in that country/economic area
I suppose your - somewhat realistic - options are:
a Swiss-issued card and pay for it (unless, see Swisscard, you have some considerable “non-mustachian” turnover on it).
open an EU bank bank account and use its debit card. And possibly credit card from the same bank, if/once you can get it (again, credit cards are often not free. And with legacy banks, you may have to hold assets with them)
a card associated with a card or loyalty program you’re already a member of (e.g. travel)
trick an EU bank with lax credit checks into issuing you a free high-interest card (probably requires an address in the country they’re marketing to), even though you, I assume, don’t live
Thank you. I just want to keep it as simple as possible.
Options 2 and 4 are excluded from the start.
Option 3 would be acceptable but a Swiss provider typically offers this in Swiss francs only.
Option 1 is what remains.
All I wanted was an equivalent to the (now discontinued) Amex free International Currency Card.
Swisscard waives the fee if I spend 20k€ per year, which is more than I intend to spend in holidays, to be honest.
It seems that there is no free option currently. Which leaves me with the option of paying a fee until a better option shows up.
UBS Visa Card Classic EUR is 40€ the first year and 80€ afterwards.
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