Instabank Credit Card
Visa credit card without a SCHUFA check, with a high credit limit and a comparatively low rate, from age 23.
Score: 6.6 / 10 · Fair
Rating: 6.8 / 10 · No reviews yet
Best for: Credit line without SCHUFA
Overview
The Instabank Credit Card is a genuine credit card from Instabank on the Visa network. Visa credit card without a SCHUFA check, with a high credit limit and a comparatively low rate, from age 23. It comes with no annual fee on a permanent basis. A surcharge of 2.49 % applies to payments in foreign currency.
Who is it for?
Our take: Credit line without SCHUFA. Its strengths lie in mobile payments. It is issued without a German IBAN, so no additional checking account is strictly required. As a genuine credit card it offers a credit line (effective annual interest 20.63 %).
How the score is calculated
Overall score: 6.6 / 10 · Fair
| Costs (30 %) | 10.0 / 10 |
|---|---|
| Foreign currency (18 %) | 2.9 / 10 |
| Cash worldwide (14 %) | 2.8 / 10 |
| Interest (10 %) | 5.4 / 10 |
| Cashback & bonus (10 %) | 0.0 / 10 |
| Features (6 %) | 1.8 / 10 |
| Community signal (12 %) | 6.9 / 10 |
Interest safeguard: −0.1 points due to high effective interest on installments.
Highlights
- No SCHUFA check (Experian instead)
- Credit limit up to €25,000
- Borrowing rate 18.9% p.a.
- Apple Pay & Google Pay
Costs & Fees
| Annual fee | €0 |
|---|---|
| Welcome bonus | — |
| Eff. annual interest | 20.63 % |
| Type | Credit card |
| Network | Visa |
| Issuer | Instabank |
There is no annual fee. Outside the euro area a 2.49 % foreign currency fee applies. A fee of 2.69 % + 2.49 % foreign currency fee applies to cash abroad. In Germany, cash withdrawals cost 2.69 %. The effective annual interest rate is 20.63 % (for instalment payments). Billing: Monthly billing with instalment (revolving) repayment, at least 2.5% or €30; no interest-free days.
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This card in our comparisons: Free Credit Cards · Credit Cards With Instalments · Visa Credit Cards Compared · Credit Cards Without SCHUFA Compared
Related guides: What is SCHUFA? Germany's credit score guide · Credit card fees and how to avoid them · Virtual credit cards, Apple Pay & Google Pay
Similar credit cards
- Hanseatic Bank GenialCard – Popular fee-free credit card with free cash withdrawals abroad.
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- Deutschland-Kreditkarte Classic – Well-known free Visa credit card with no account requirement, recommended by Stiftung Warentest.
- Bank Norwegian Visa – The all-round fee-free travel credit card with no extra checking account.
Frequently asked questions
- What does the Instabank Credit Card cost per year?
- The Instabank Credit Card has no annual fee on a permanent basis — there are no fixed yearly costs.
- Does the Instabank Credit Card charge foreign currency fees?
- Yes. Outside the euro area the Instabank Credit Card charges a 2.49 % foreign currency fee.
- Is the Instabank Credit Card a genuine credit card?
- Yes, the Instabank Credit Card is a genuine credit card with a credit line (effective annual interest 20.63 %).
- Is the Instabank Credit Card available without SCHUFA?
- Yes, the Instabank Credit Card can generally be obtained without a classic SCHUFA credit check or without a negative SCHUFA record. The provider's terms always apply.
- How is money on the Instabank Credit Card protected?
- Credit card without a deposit account, so no deposit guarantee applies. Lender: Instabank ASA, Oslo (supervised by Finanstilsynet, Norway); card issuer: Rapyd Europe hf., Iceland.