TF Mastercard Gold
The TF Mastercard Gold is a free credit card from TF Bank in Sweden. Although it is permanently free of charge, it comes with some additional services (e.g. travel insurance), which are otherwise mainly found in credit cards with costs.
TF Bank is a Swedish financial company based in Borås, about 60 km east of Gothenburg. Focusing on overnight deposit accounts, personal loans and credit cards, TF Bank is now active in 7 countries. In Germany, the company is best known for its free Gold credit card.
- What are the advantages of the TF Mastercard Gold?
- What are the disadvantages of the TF Mastercard Gold?
- For whom is the TF Mastercard Gold worthwhile?
- Are there alternatives to the TF Mastercard Gold?
- Conclusion on the TF Mastercard Gold credit card
What are the advantages of the TF Mastercard Gold?
No annual fee
There is no base fee or annual fee for the TF Mastercard Gold credit card at any time. In fact, the card itself is 100% free.
Free travel insurance
The TF Mastercard Gold credit card already includes numerous insurance policies:
- travel cancellation insurance
- baggage insurance
- flight and baggage delay insurance
- foreign liability insurance
- accident insurance
- a travel health insurance
The benefits apply to the cardholder and a maximum of three other co-travellers, if at least 50% of the transport costs have been charged to the credit card.
For comparable travel insurances with other providers (e.g. HanseMerkur) you often pay more than 100 euros per year.
Long payment term
The interest-free payment term is 51 days, which is very good compared to other credit cards. However, the payment term does not apply to ATM withdrawals, where interest is due immediately.
Withdraw cash worldwide free of charge (with restrictions)
In principle, withdrawals with the TF MAstercard Gold are also free of charge worldwide. Important restriction: no free credit is granted for withdrawals, so interest is charged immediately. This can only be avoided by directly transferring the withdrawn amount.
Worldwide payment free of charge
A very positive aspect is that TF Bank now completely waives foreign currency fees. Neither when withdrawing nor when paying in another currency are fees due.
What are the disadvantages of the TF Mastercard Gold?
There are two main disadvantages with the TF Mastercard Gold credit card:
- When withdrawing cash, interest is charged until the amount is settled.
- The credit card bill must be paid manually. There is no option to do this automatically by direct debit. As the interest rate is currently close to 20% a year, this can incur significant costs if you exceed the interest-free payment period of 51 days.
For whom is the TF Mastercard Gold worthwhile?
The free credit card of the TF Bank scores especially with the numerous insurances, the fee-free payment in foreign currency and the long payment term. If you rarely or never need the credit card to withdraw money, you will get a lot of benefits here. To keep an eye on your finances, you should install the free TF Bank app. With it, you can check your account balance and all transactions at any time.
Are there alternatives to the TF Mastercard Gold?
Conclusion on the TF Mastercard Gold credit card
If you are looking for a free credit card, you will get a lot of benefits for free with the TF Mastercard Gold. The credit card clearly scores with its insurance benefits and the long payment term. However, you should be aware of the possible cost traps when withdrawing money and paying the credit card bill. If you withdraw money frequently, it is better to choose one of the numerous alternatives.
Fragen und Antworten (FAQ)
Ist die TF Mastercard Gold kostenlos?
Ja, es handelt sich tatsächlich um eine 100% kostenlose Kreditkarte. Dies gilt dauerhaft: sowohl im ersten Jahr wie auch in allen Folgejahren muss keine Jahresgebühr bezahlt werden.
Unterstützt die TF Mastercard Gold Apple Pay und Google Pay?
Nein, beide Systeme werden leider (noch) nicht unterstützt.
Alle Gebühren, Leistungen und Besonderheiten im Überblick:
|Produkt||TF Mastercard Gold|
|Gebühren im 1. Jahr||0,00 Euro|