Football, rugby, bridge … Each passion, banks associate an affinity environment around a bank card and advantages. But accompanied by a permanent credit reserve, these cards can become trapters.
Société Générale with FC Nantes or the French Bridge Federation. The BNP with Orange … These are the latest releases of co-buried bank cards. Bearing the logo of the issuing bank and that of a partner, these cards have multiplied since they were launched last October.
Banking networks and credit organizations have indeed seized this opportunity to attract new customers with advantages. Their efforts even go as far as the presentation and in particular the choice of colors, like the “Teatro della Moda” card signed Finalref and Spring. But beware, if the co-dried cards clearly have advantages, you still have to remain vigilant.
Better remuneration for loyalty
Co-warned cards work like any payment card. They regulate your purchases in all stores and allow withdrawals to automatic distributors, in France and abroad. But it is in terms of the advantages of which they allow to benefit and their price that their added value resides.
First, they reward your loyalty. Thanks to the points accumulated by your withdrawal and payment operations, you benefit from commercial advantages. They take the form of discounts, promotional operations, points to convert to gifts or “cash-back” where the establishment pays you, in the form of vouchers, a percentage of expenses made with the card.
Another asset: their price. While the price of a conventional card in a bank revolves around 40 euros per year, that of a co-built card rarely exceeds 30 euros. Not to mention that they also offer insurance and assistance services linked to bank cards, or even more. Thus a part of the medical costs incurred during a trip abroad can be covered.
A risk with permanent credit
The co-dried cards therefore have everything to please … not necessarily. Many of them are accompanied by a permanent credit function. A real trap for people who do not manage their finances rigorously. For example,
The credit reserve can therefore quickly become a second current account. A danger when you know that interest rates for Revolving credit can reach 20 %! Besides, to get your card, you must apply for permanent credit (or revolving), and answer questions dedicated to appreciating your solvency. And the card will only be granted to you if the partner credit institution agrees to consent to you the loan.
Under these conditions, it is better to remain cautious with the co-dried cards. If you give in to temptation, are limited to the functionalities of payment of expenses without using the reserve of money can be in the end judicious. Possibly take advantage of the options with no payment of your delayed purchases, that is to say at the end of the month.