Mastercard is a credit card firm which deals with card transactions. There are many ways to obtain a swiss mastercard, as many companies offers such services: banks such as (UBS, Credit Suisse, Raiffeisen...), coperatives ( Migros, Coop...) or private companies (Swisscard, Cornèr card, Viseca....).
Once you have choosen a company for obtaining a swiss mastercard, you must generally justify your demand by indicating your annual income. The society issuer will find out about you (by checking for example if you have an entry in zek). Afterwards, they will decide if you can possess a swiss mastercard or not. They will decide as well what would be your annual limit.
Yes, several society are proposing you a prepay service. That means the Swiss Mastercard must be charged (by a bank transfer or any other way) before being used.
Read well the terms proposed by the company that gives you the card. Take a card who is suiting you (travel, business, etc..). Do not hesitate to check our blog to learn more.
The interest are not the same with a card than with a loan. What you must take into account is that when you have interest to pay with your Swiss Mastercard you are going to have interest upon interests. In the end you pay more.
With a consolidation debt, you would be able to regroup all your Mastercard depts into one. By doing this, your monthly payment will be less important as your interest rate is lower. For futher information, ask for a free online offer of debt consolidation:Ask for a loan
Lending a private loan is forbidden if it leads to over-indebtedness of the consumer (Art, 3 of Swiss LCD)
Calculation example: a 10,000 Chf loan with an interest rate of 5.90% to 9.90% gives a total cost for 12 months of 313 to 520 Chf.
The final interest rate varies according to each client's situation, from 4.8% to 9.9%. There are no administrative or additional costs: you only pay the interest on the loan.
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