The Swedish TF Bank gives out free TF Mastercard Gold. Even though it’s always free, it includes extra services, like trip insurance, usually only on credit cards that cost money.
The Swedish TF Bank is based in Bors, about 60 km east of Gothenburg. TF Bank is now operating in 7 countries. They offer overnight bank accounts, personal loans, and credit cards. The company is most widely recognized in Germany for giving out free Gold credit cards.
Pros Mastercard Gold
- Permanent 0€ fee per year
- There are no fees if you pay in a foreign currency.
- Includes trip insurance package
- No need to move accounts to get a real credit card
- Using a phone app to do mobile banking
- Apple Pay and Google Pay are working.
- Within 51 days, you can pay back without interest.
- Membership to the TF Bank Preferred Club, which offers savings and cashback
Cons
- It is not feasible to bill by direct debit.
- Interest has to be paid on cash withdrawals.
- High rates of interest on part payments
What Are The Benefits Of The Tf Mastercard Gold?
The TF Mastercard is the only free credit card in our review and has many safety benefits. But there are limits to some of the perks.
No Yearly Fee
The TF Mastercard Gold jewelry credit card has never had a base or yearly fee. The card is free in and of itself.
Travel Insurance For Free Mastercard Gold
The Tf Mastercard Gold Already Comes With Several Insurance Plans:
- Travel cancellation insurance
- Baggage insurance and flying and baggage delay insurance
- foreign liability insurance, accident insurance
- travel health insurance
If at least 50% of the transportation costs are charged to the credit card, the user and up to three others can use the benefits. With other companies, like HanseMerkur, you often have to pay more than 100 euros a year for similar trip insurance.
Long Payment Time
The 51-day interest-free payment period is very good when matched to other credit cards. But the payment term doesn’t apply to withdrawals from an ATM, for which interest is due immediately.
Withdraw Cash Around The World For Free (with Some Limits).
With the TF Mastercard Gold, withdrawals are also free in most places worldwide. Important rule: you can’t get free credit when you remove money, so interest is charged immediately. This can only be stopped by sending the amount directly.
The Global Payment Is Free Of Charge.
TF Bank no longer charges any fees for foreign cash is a very good thing. There are no fees when you take or pay with money from another country.
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Disadvantages Of The Tf Bank Mastercard
Billing
If the sales aren’t paid back by bank transfer, high debit interest will be charged. At the moment, it is not possible to pay an invoice by direct debit. If you use the card often, we suggest setting a scheduled date on your calendar so the 51-day payment goal doesn’t get used up.
Withdraw Cash
The TF Bank Mastercard Gold isn’t so good for getting cash out of ATMs. All payments are free, but interest is due instantly and right away. If you utilize the card to remove it once, the balance is paid on the same day as the transfer, and no interest is charged.
Debit Interest
When compared to 22.96%, TF Bank’s debit interest is fairly high, so cash withdrawals and the choice to pay in installments should only be used in rare cases.
Deductibles For Travel Insurance
The trip insurance that comes with the package is free, but each claim will cost you 100 euros. Accident insurance costs approximately 200 euros, and cancellation insurance costs at least 100 euros or 20% of the amount of damage. The necessary thing, But it’s not unusual for insurance benefits to only be available if the card is utilized.
When Is It Worth It To Have A Tf Bank Mastercard?
As A Credit Mastercard Gold For Travel
The free and full travel protection with the TF Bank Mastercard Gold makes it a good choice for trips abroad. For insurance purposes, please remember that at least half of the transportation services must be paid with a card. The card is also a good way to pay for things abroad since there is no fee for using it in a foreign country. There is no minimum purchase amount, so you can use the card for travel.
A Second Mastercard Gold
Since there is no monthly fee for the TF Bank Mastercard, and it is also free to use to pay for things, it is a great choice for a free second card that can be used every day.
How Do I Apply For A Mastercard From TF Bank?
The Tf Bank Mastercard Gold Can Be Applied In 3 Easy Steps:
- Fill out the application online and get a choice right away.
- IDnow verification and sending of the card
- When the registration form is sent out, it must only be signed and emailed back to the bank.
Conclusion
If you want a free credit card, the TF Mastercard Gold gives you a lot of free benefits. The credit card is good because it comes with insurance and has a long payment term. But you should know how to avoid cost traps when you take money out of an ATM and pay your credit card bill. If you take money out of your account often, one of the many other options is better.