Are you searching for a free credit card in Germany that offers real credit, fast approval, and no annual fees? The Novum Bank Extra Karte Credit Card is making waves for exactly these reasons.
But is it really worth signing up for, or are there hidden catches that could cost you more than expected? In this post, we’ll explore the benefits, drawbacks, and whether this card is the right fit for you.
Extra Credit Card from Novum Bank
What Is the Novum Bank Extra Karte Credit Card?
The Extra Karte is a revolving credit card (not prepaid, not debit), which means:
- You get a credit limit instead of just spending your own money.
- You can carry a balance (interest applies if you don’t pay in full).
- It’s globally accepted through Mastercard.
If you want to build or improve your Schufa score in Germany, having a real credit card like this can be a helpful step.
Key Benefits of the Extra Karte
1. No Annual Fees or Minimum Spending
- Completely free to keep: €0 annual fee
- No monthly maintenance charges
- No minimum spend requirement
Perfect if you want a backup credit card without extra costs.
2. Use It for Hotels, Rentals, and Subscriptions
Unlike prepaid or debit cards, this credit card works seamlessly for:
- Hotel reservations
- Car rentals
- Online subscriptions and services
3. Free Auto-Repayment Option
A standout feature of the Extra Karte is the SEPA auto-payment function. You can set it to pay your balance in full automatically every month ensuring you never miss a payment or pay unnecessary interest.
4. Fast Approval and Same-Day Usage
Once approved, you’ll receive your card details within 2 to 3 hours. This allows you to start shopping online or add the card to your phone wallet the same day.
5. Up to 8 Weeks of Interest-Free Credit
By timing your purchases strategically, you can benefit from up to eight weeks of zero-interest credit:
- A statement is issued monthly.
- You get about three additional weeks to pay it off.
This feature can make the card act like a short-term loan with no cost, if used properly.
Eligibility and Application Process
Who Can Apply?
- Minimum income: €500/month (ideal for students or mini-job earners).
- Schufa: People with no or neutral Schufa are often approved, but those with negative entries might be declined.
- No visa or nationality restrictions, unlike some German banks.
How to Apply
- Enter your name, address, date of birth, email, and phone number.
- Select your nationality and family details.
- Provide income and financial information.
- Choose your preferred language (English or German).
- Activate auto-payment and select your payment date.
Tip: Since statements are issued on the 28th and due the following month, selecting a payment date between the 15th and 20th is usually best.
Fees and Hidden Costs
While the Extra Karte has no annual fee, there are some charges you need to be aware of:
- Interest rate: 24.60% annually if you don’t pay in full.
- Cash withdrawal: 3% per withdrawal (minimum €3) plus immediate interest.
- Foreign currency fees: 2.99% outside the Eurozone.
To avoid high interest, always set up full auto-payment.
Is the Novum Bank Extra Karte Credit Card Worth It?
This card is ideal if you want:
- A free credit card in Germany with no annual fees
- Fast approval and same-day online usage
- An auto-payment feature to avoid missed payments
- A way to build your Schufa score
However, if you’re looking for extra perks like free travel insurance, you may want to consider alternatives such as the TF Bank Mastercard.
Final Verdict
The Novum Bank Extra Karte Credit Card offers flexibility, worldwide acceptance, and a great free auto-repayment feature. Just make sure you avoid cash withdrawals and always pay your balance in full.
If you want to apply, you can do so online and start using your digital card the same day.
Disclaimer: None of the content in this article is meant to be considered as legal, tax or investment advice, as I am not a financial expert or a lawyer and am only sharing my experience with stock investing. The information is based on my own research and is only accurate at the time of posting this article but may not be accurate at the time you are reading it.