Opening an account in an online bank allows you to benefit from a free bank account with a free credit card . The free account is sometimes subject to the condition of use of the credit card . Which banks online practice the conditions of use of the credit card and what are the costs of non-use of the credit card?
The conditions of use of the credit card is a condition that encourages online banking customers to use their credit card to make purchases under penalty of no longer benefiting from the free credit card .
The condition of use of the credit card applies as long as you hold the bank account. In order for you to always benefit from the free credit card, you must make a minimum number of purchases per month. If you do not use the credit card and you do not want to pay a fee for non-use of the credit card , then it is advisable to close your bank account . In spite of the conditions of use of the banking card not binding, online banks remain more competitive than conventional banks both in terms of services and banking products. Which online banks impose conditions of use of the credit card ?
Online banks that have conditions of use of the bank card and who charge you bank fees in case of non-use of the credit card are:
- Boursorama Bank with the Welcome offer only: 1 payment per month, otherwise 5 € / month
- Monabanq : no spending condition with CB
- Hello bank : no spending condition with CB
- ING Direct : no condition of expense with CB
- Fortuneo : 1 payment per month, otherwise 3 € / month with the MasterCard, or 5 € / month with the Gold
- BforBank : 3 payments per quarter, otherwise 6 € / quarter
- N26 : no spending condition with CB
- Orange Bank : 3 payments per month, otherwise 5 € / month (8,70 € / quarter)
It is rare however that a customer pays a fee for non-use of the credit card since it is enough to use only a few times his credit card for his purchases. Why do online banks put in place the condition of using the bank card ? Because online banks want to encourage their customers to house their income at home so that their online banking account becomes primary rather than secondary. The implementation of the conditions of use of the credit card requires the customer to use his credit card for expenses a number of times per month or else pay a fee for non-use of the credit card .
Online banks thus hope with the introduction of the non-use of the bank card that a bank account opened by a customer in an online bank does not end up being an inactive bank account, that is to say an account without banking movement.