I am extremely satisfied with the new Cumulus card.
Everything works perfectly well and I find the Viseca One app very practical and functional.
I have not yet made any physical purchases abroad with the card though. Nothing to add, very satisfied.
Not sure why Migros Card’s the best allround card if you don’t seek Cumulus points? Isn’t the Amex/Cembra combo with 1% cashback in hard currency better?
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My take, if you are dead set on using only 1 card or want the insurance go Migros. If you want to maximize cashback use Swisscard / Cembra combo in Switzerland, plus ideally a card for non-Swiss transactions like Wise or Neon.
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The ratio between the minimal set up and the return is for me reached by using exclusively the Cumulus card.
With the other cards, I always have to carry two cards (either because the Amex is not accepted everywhere, for example, or because I need a card for purchases abroad).
In the end, I find the compromise with the Cumulus to be the best one for my use.
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Not sure if this is the right place to ask but does anyone know how to get a tax statement for the cumulus card? I had it with cembra or swisscards but cannot find it in the viseca app.
For Swisscard cashback Amex and Mastercard:
Does anyone know how you can see a statement of which transactions you have received / not received cash back credit?
I don’t think you can see it directly.
I used to download a monthly transactions extract as csv from the old web portal and then compute the cashback myself in Excel based on the card used.
If any cashback is “missing” you can work your way back and try to identify which transactions did not get awarded any cashback. It is not that difficult, especially if you are looking for something in particular.
That being said, maybe the csv extracts are different with the new web portal… haven’t tried.
AFAIK those transactions do not reward any cashback:
- Purchases you returned, i.e., the transaction was subsequently refunded to the card;
- Cash equivalent, e.g., topping up your Revolut account or ATM withdrawals;
- Other exceptions that you can find in the terms and conditions.
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I received a letter from Migros Bank this morning with the new rates and conditions starting May 1st.
Except for the phone number of the support which has changed, I did not see any difference. Did anyone receive the same letter?
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I did but didn’t check the differences…
According to Moneyland the following is supported:
Zahlungsmethode
eBill, LSV, QR-Rechnung, Vorauszahlung
How does Vorauszahlung work in practice? Can I use it to increase the credit limit by prepaying funds? How long would it take to for a payment to be processed?
My girlfriend has a Migros Cumulus Credit Card, she wanted to use it for when she travels to the US. So she called the customer service to know if the card could be used normally in the US, which they confirmed.
Once in the US she made a couple transactions in stores, but then as soon as she placed an order online the card was blocked and an SMS asked she called the customer service for verification (on a Swiss number). She had to call and verify, but this call costed 15CHF.
Just a heads-up for potential people interested. And then I was wondering, is this normal? Could she call and complain about this, maybe ask for a refund of this 15CHF ? I mean she just warned of her travel, had a positive response and then card fails.
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She could and she should
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I was looking at Cumulus Visa. On their factsheet it says that there are no charges when used abroad. I am skeptical this is the case and I am missing it somewhere else. What is the charge for use outside of Geneva?
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Same question : they say no fees abroad, but maybe the exchange rate contains a premium ? Is the exchange rate as interesting as revolut or neon ?
EDIT : found this (in french sorry) :
«En supprimant les frais de traitement pour les monnaies étrangères, la Banque Migros s’est orientée en fonction des néo-banques en plein développement», explique Benjamin Manz. C’est un net avantage par rapport à la carte existante et en comparaison de la plupart des autres cartes de crédit helvétiques, même si certaines néo-banques demeurent encore plus avantageuses en raison des taux de change plus favorables qu’elles proposent.
Dans les échantillons réalisés par moneyland.ch au sujet des achats en euros en 2022, une majoration de change d’environ 2% à la Banque Migros a été constatée par rapport au taux interbancaire. Ce taux de change n’est pas avantageux. Malgré tout, comme la nouvelle carte renonce à appliquer des frais de traitement, la nouvelle carte de crédit Cumulus s’avère être tout de même moins chère que la plupart des autres cartes de crédit helvétiques.
Interesting to see they are going this direction. But I have heard that the exchange rate is horrible with migros. I’m curious to see how it compares. I do think it would be better than most cc
The numbers I have in mind are:
Around 4% costs (surcharge and / or exchange rate malus) for most bank cards, Cembra and Swisscard Cashback
Around 2% for Migros / ZAK
Around 0.5% for Wise
Around 0% for Neon
Revolut somewhere in between the cheaper solutions
Migros is often seen as a good-enough single-card solution. But you leave money on the table compared to specializing card use, one cashback card for domestic payments (Cembra/Swisscard) and one for foreign payments (ZAK/Wise/Neon/Revolut).
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„Für die Abrechnung der Transaktionen, welche mit der Zak Visa Debitkarte bezahlt wurden, wird der Visa-Referenzkurs verwendet plus ein Wechselkursaufschlag in Höhe von 2%“
They must have changed that, quietly. Well, then ZAK is about the same level as Migros. Edited my post above
Are you sure you aren’t confusing that with their previous digital prepaid VISA issued by Cornérbank? I doubt that a legacy bank like Cler has ever had 0.5% fees & exchange rate margin combined on card payments (with their own cards).
Edit: browsing through my email archive did. advertise a fee reduction (from 2% to 0%) on their virtual prepaid card in their email newsletter from 06 July 2020. And I doubt and don’t remember it having being 2% fee + another 2% or so exchange rate margin = 4% or more before that.
I was thinking about a HZ comparison that I linked to earlier (muuuuch earlier) here:
Not sure how reliable HZ is here. In an earlier test they put Yuh at zero costs, ignoring the 0.95% exchange fee that you have to pay…