¡Descubre la Tarjeta de Crédito Openbank!

Features of the Open Credit Credit Card from Openbank

The Open Credit Credit Card has the following main features:

• Easy handling and acceptance at various establishments in Spain and abroad;
• Simple and completely online or in-branch processing;
• No maintenance costs or renewal fees if you direct deposit a payroll equal to or greater than €900 and use it at least once a month;
• Cost of €2 per month in months when you do not use it;
• Minimum credit limit of €300 and maximum of €6,000;
• Financing flexibility for making purchases, as we will clarify later;
• Easy management through the Openbank mobile application;
• Travel accident insurance of €120,202.42;
• Principal accident insurance of €6,010.12;
• Exclusive discounts at various commercial establishments;
• Available credit for cash withdrawals at Openbank ATMs and other banks in Spain and abroad.

What is the financing flexibility of Open Credit from Openbank?

One of the most interesting advantages of this card is its flexible and adaptable payment method in different situations at the customer’s choice.

When you have this card in hand, you can choose between three different payment methods for your purchases: end-of-month payment, installment payment, deferred payment.

• End-of-month payment: with this method, you must pay the full amount of your purchases at the beginning of the following month.
• Installment payment: you can split any of your purchases over €30 into various installments between 2 and 36 months. In these cases, there are interest rates of 1.17% nominal monthly; 14.00% annual NIR and APR 14.93%.
• Deferred payment: defer your payments with a fixed or variable installment. The minimum that can be deferred is 5% of your card’s credit limit, with a minimum installment of €15. The monthly interest rate for deferring your payment is 1.50% nominal monthly; 18.00% annual NIR and 19.56% APR.

About the Issuing Bank of the Open Credit Credit Card from Openbank

Openbank is an online bank headquartered in Madrid, Spain. Since its founding in 1995, it has been associated with the Santander Group.

According to the Spanish Banking Association, by the end of 2016, there were already nearly 1,350,000 registered accounts in this financial institution.

Brand

The Open Credit Credit Card from Openbank is backed by VISA, one of the most important and accepted worldwide. This ensures access to numerous benefits.

Annual Fee

As clarified earlier, this card does not charge annual maintenance fees as long as the customer follows the conditions of directing a payroll of €900 or making monthly purchases. Otherwise, a fee of €2 per month will be charged.

Minimum Income to Apply for the Open Credit Credit Card from Openbank

Minimum income to be verified in payroll is €900.

Approval Time

The application process takes place online and the response usually comes in a few minutes.

From what age can it be requested?

This credit card is aimed at individuals over 18 years of age.

What is the credit limit?

The pre-established limit is from €600 to €6,000, but the financial conditions of each customer are analyzed.

Advantages and Disadvantages of the Open Credit Credit Card from Openbank

As with any product, it is important to pay attention to the advantages and disadvantages before applying for it. Therefore, we clarify:

Advantages of the card

• Total flexibility for bill payments;
• Accepted in various stores in Spain and abroad;
• Security in your in-store and online purchases.

Disadvantages of the card

• May charge maintenance fees if the customer does not meet the conditions;
• Requires direct deposit of payroll and verification of minimum income of €900.

Do you want to know how to apply for the card? Then, find out here a complete and detailed step-by-step guide to ensure this easy credit solution.

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Discover the Openbank Credit Credit Card

Users of the Openbank Credit Credit Card can benefit from zero annuities, make early payments without penalties, create good credit history, and much more. Discover how to apply here!

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