They’ve now released their “own” credit card — but in reality it’s just a rebranded Certo One with excessive FX fees.
Pretty disappointing, honestly. I was expecting something that would actually improve the market. Especially considering how strong their debit card is with interbank rates, this credit card feels like a step backwards.
I don’t agree.
Certo One is considered as one of the best credit cards in Switzerland by MP or the PoorSwiss. If you had to chose one credit card in Switzerland, this would probably be the one to go with.
While I agree that it’s nothing you cannot get outside of Wir, it’s among the best choices for Swiss credit cards. My assumption is that a subsidy of fx rates by Wir for the Certo card would have cost Wir a lot more than for their debit card.
Small side-note: You get a one-time CHF 50 sign-up bonus until the end of the year.
I see your point, but the WIR credit card is literally a 1:1 copy of the Certo card (except the picture) — 1% cashback at three selected merchants and 0.25% everywhere else. Meanwhile, Swisscard gives 1% cashback everywhere with Amex and 0.25% with Visa. So the WIR card doesn’t offer any real advantage. Even worse, they don’t support eBill, hoping that customers forget to pay their bills to charge interest.
It’s even more disappointing considering the WIR debit card stands out with interbank FX rates, while the credit card charges almost 4% abroad. No “WIR-style” improvement — just a rebranded card with worse fees.
I guess the only reason for launching this “credit card” is to get the referral fee from Cembra - not to offer something new, exciting to the customer. You can get the 50CHF also if you go direct with cembra. Cashback Cards from Swisscard give 100.-
What do you mean? I did not find any information about fees. Are the fx fees of the WIR card worse then the original Certo One fees?
The WIR banking and debit card offer is exciting for me. I do not have the expectation that every future product will create the same level of excitement.
Actually, this is a new thought, the combination of Certo credit card with the WIR debit card is quite a smart move:
I think the fees are the same like on certo, see https://www.moneyland.ch/de/cembra-money-bank/kreditkarten/certo-one-mastercard
But much worse than on their Debit card.
Hi all
Just wanna tell you that my virtual card on Wise has been hacked recently.
Hopefully nothing went wrong as the first sign was a challenge/response from amazon prime US to check the card, so I freezed the card immediatly. Another transaction occured in the night but was blocked by the freezing and now the card is deleted. I can create another one.
Then I thought I would love to have the same kind of features with the WIR debit card : being able to create a numeric or virtual one, and even create some temporary ones, that would be available just for one transaction for example, or for a limited timeframe