The TF Bank Mastercard Gold in Comparison
The TF Bank, as one of the leading banks in England, now also offers its products in Germany and Austria. In addition to a savings account, they also offer the Mastercard Gold, which is particularly interesting for frequent travelers due to its included travel insurance and fee exemptions abroad.
Discover all the important details about the insurance, conditions, and possibilities of this credit card below!
Costs and Fees of the Credit Card
One of the biggest advantages of the TF Bank Mastercard Gold is its low cost:
- Foreign currency fee: There are no additional costs for payments in foreign currencies.
- Cash withdrawals: The TF Bank initially does not charge additional fees for cash withdrawals abroad. However, you should note that from the day of withdrawal, 22.35% interest is charged on the withdrawn amount if it is not settled on the same day.
- General interest: If the used credit is not balanced within 51 days, you must expect an increased interest rate of 24.79%. This does not happen automatically but must be transferred independently.
If you always observe the repayment deadline, which must be made by bank transfer, the TF Bank Mastercard Gold is a very cost-effective credit card for adults.
Increasing the Limit at TF Bank
The initial credit limit of the TF Bank Mastercard Gold varies and is set based on your creditworthiness. A higher credit limit is required if you plan larger purchases or want to be more flexible on your travels. However, this depends on your financial situation.
If you want to increase your credit limit, there are some steps you can follow:
- Contact TF Bank: First, you must contact TF Bank directly. You can do this either by phone or email.
- Credit check: The bank usually conducts a new credit check to ensure that you are able to handle a higher limit.
- Proof of income: You may also need to submit proof of income to document your financial situation.
Repayments with the Mastercard Gold
The repayment of the outstanding balance of the TF Bank Mastercard Gold can be settled in installments and must, as already mentioned, always be done by active bank transfer. You have up to 51 days to do this.
You can either pay the entire outstanding amount at once or make partial payments and thus pay in small monthly installments:
The TF Bank sets a monthly minimum rate for installment payments, which is 3% of the outstanding amount (but at least 30 euros). However, if you want to minimize interest costs, it is recommended to always pay the outstanding amount in full each month.
If you primarily use your credit card only for travel and thus keep costs in view, the repayment remains clear and you protect yourself from interest.
Withdrawing and Transferring Money with this Credit Card
With the TF Bank Mastercard Gold, you can withdraw cash worldwide. There are no fees for withdrawals, however, as mentioned before, interest is charged from the day of a withdrawal.
Transfers from the credit card to another account are not directly possible, but you can balance your credit card account by bank transfer.
In addition, the Mastercard Gold can also be combined with Apple Pay and Google Pay.
Activating the TF Bank Credit Card
After receiving your TF Bank Mastercard Gold, you must first activate it before you can use it. The activation process is simple and quick:
- Telephone activation: You can activate the card by phone by calling the number provided on the confirmation and following the instructions.
- Activation via online banking: Alternatively, you can activate your card via the TF Bank's online banking portal. Here you need to log in and follow the appropriate steps for card activation.
- Set PIN: During the activation process, you also set your personal identification number (PIN), which you need for transactions and cash withdrawals.
After activation, you can then use the card immediately.
What Insurance Does the Mastercard Gold Offer?
A highlight of the TF Bank Mastercard Gold is the included insurance benefits:
- Travel cancellation insurance: If you have booked a trip and need to cancel it for unforeseen reasons, the insurance covers the cancellation costs. The same applies if you have to abort a trip.
- Foreign health insurance: In case of illness or accident abroad, the medical costs are covered by the insurance.
- Baggage insurance: Should your baggage be lost or delayed, you will receive compensation.
- Flight delay insurance: As with baggage, you can also receive compensation for certain flight delays.
- Liability insurance abroad: This insurance pays for the unintentional destruction of other people's property abroad.
Good news: As a holder of a TF Bank Mastercard Gold, not only are you an insured person, but also family members traveling with you.
It is important that these insurances only apply if you have paid at least 50% of the trip with the TF Bank Mastercard Gold.
For even more details about the insurance, you can also consult the insurance terms of the TF Bank.
App and Login at TF Bank
After registration, you will have access to the customer area via app and website. The online banking portal of TF Bank allows you to overview all important information about your credit card.
On the website, you will find the login at the top right. You only need your customer number and your password.
The app is available through all common app stores. Here you can also view all details of transactions, block the card at the touch of a button, and create a Mastercard Identity Check to increase the security of the card.
Activation of the Mastercard
After application, it usually takes about 10 to 14 days until you receive your TF Bank Mastercard Gold. The activation takes place immediately after the activation, which you can carry out as described above.
Conclusion: How Good is the TF Bank Mastercard Gold?
The TF Bank Mastercard Gold impresses with its largely fee-free structure, the included insurance benefits, and the ability to pay worldwide without additional costs.
It is a particularly good choice for frequent travelers, as it not only offers flexibility but also provides additional protection through travel insurance.
It is only important to keep an eye on the transfers and to quickly balance withdrawals when withdrawing cash abroad.
So we think: The TF Bank Mastercard Gold has some useful features, especially for travelers.