- Interest-free financing: pay for any purchase over €30 one month later interest-free (0% APR4 and 0% annual NIR).
- Borderless purchases: pay in any currency worldwide, even on weekends, fee-free1.
- Upgrade for your trips: activate travel benefits whenever you want for just €2.99/month and you’ll have 5 free withdrawals at any ATM worldwide and accident and assistance insurance included5. Check out all the benefits and tips for your trips here!
- Open Discounts: pocket discounts on over 50 top brands.
- Fee-free card: no issuance, maintenance or renewal fees.
- Manage your money your way: rent on the spot, the purchase at the end of the month and the latest smartphone in instalments.
- Flexible options:
- Pay in 30 days interest-free (0% APR4 and annual NIR)
- Choose the number of months that suits you, from 2 to 36, (14.93% APR6, 14% annual NIR).
- You can finance up to €6,000.
- Manage it all right away: finance your purchases (€30 min.), turn travel benefits on or off, block your card, check your alerts, monitor your transactions... Whenever you need to, and in just a couple of clicks.
- Prevent fraud: as the money does not automatically leave your account, you can double check the expenses and, in some cases, reverse3 purchases you do not recognise.
- Instant alerts: we notify you by SMS or push notification every time you use the card.
- Insurance included: travel assistance and accident insurance for public transportation when travelling, taken out with Zurich Insurance.
- Quick block: in the event of loss or misuse, you can block it from the app.
Apply for your Open Credit Card in just 4 steps
You will have a period of fourteen (14) calendar days from the day on which the card is activated to withdraw from the contract. You will need to notify the bank in accordance with the procedure defined in the Standard European Credit Consumer Information (SECCI) that the bank will provide. In the event you decide to withdraw from the contract, you will have to pay the bank any outstanding balance on the card.
Please note that card approval is subject to a credit risk assessment.
In the event of non-payment, you will have to pay the Bank, once only and for each instalment that is due, unpaid and claimed, a late payment interest and a cost corresponding to the expenses of claiming debtor positions in accordance with the information set out in the SECCI.
1 Visa may apply a mark-up to the European Central Bank exchange rate.
2 0% annual NIR, 0% APR. Representative example €1,500 drawn and repaid in a lump sum at the end of the month: NIR: 0%; APR: 0%; Total amount borrowed: €1,500 Total amount owed: €1,500 Total cost of credit: €0. Card issuance fee: €0. Free issuance and renewal.
3 Click here to see the cases in which this reversal may occur.
4 Representative example for a financed purchase of €200 repaid one month later: Annual NIR: 0%; APR: 0%. Monthly payment €200. Total amount owed: €200. Total amount borrowed: €200. Total interest: €0. French amortisation schedule.
5 Insurance provided by Zurich Insurance PLC, Sucursal en España.
6 Representative example for a financed purchase of €200 over 3 months, made on the 1st of the month with the regular payment option and 3 fixed instalments, on the assumption that no further drawdowns are made during that period and there is no breach of the contract’s terms and conditions. Annual NIR: 14.00%; APR 14.93%; 2 instalments of €68.23 and a final instalment of €68.22. Total amount borrowed: €200. Total amount owed: €204.68. Total cost of credit: €4.68. The APR and the total amount to be paid are calculated on the assumption that the agreement remains in force for its duration and the parties meet their obligations under the agreed terms and conditions and by the agreed deadlines. French amortisation schedule. Therefore, for this particular example, the purchase price in cash would be €200 and the total price in instalments would be €204.68.
More info
How much does the Open Credit Card cost?
Card issuance and renewal is free for the main holder as well as additional card holders.
Transferring cash from your current account to your card is free too.
The 3D Secure Code system and SMS alert service are free.
What are the fees?
Credit card cash withdrawals at ATMs: 3.90%. Minimum fee: €3.90. There may also be additional fees for:
Cash withdrawals from other banks in Spain: You will only pay the fee charged by the ATM.
Cash withdrawals from other banks within the EU. You will only pay the fee charged by the ATM.
Cash withdrawals from other banks' ATMs outside of the EU. 4.5% of the cash withdrawn. Minimum: €3
Purchases in foreign currencies: no fees, any day of the week. However, Visa may apply a mark-up to the European Central Bank exchange rate4. See Visa exchange rates here.
Transfer cash from your current account to your Open Credit Card: free.
Transfer cash from your Open Credit Card to your current account: 3.90% of the amount transferred. Minimum: €3.90
Monthly fee for alert service (SMS confirmation of payments made with the card): free.
Can you finance payments with your Open Credit Card?
Of course, you can choose the option that best suits you at any time.
Pay in instalments:
Settle your payment in fixed or variable instalments. The minimum you can finance is 5% of your credit card limit, with a minimum instalment of €15.
The applicable interest rate is 1.50% monthly, 18.00% annual NIR (APR 19.56%).
Representative example for €1,500 drawn on 1st of the month, with financed payment option (revolving), and 48 fixed monthly instalments, on the assumption that there are no further drawdowns during that period or any breach of the terms and conditions of the agreement: 18.00% NIR; 19.56% APR; 47 instalments of €44.06 and a final instalment of €44.25. Total amount of credit: €1,500. Total amount owed: €2,115.07. Total cost of credit: €615.07. The calculation includes the card issuance fee: €0. This example does not consider the possibility of any new drawdowns from the line of credit or any non-payments during this period. The APR and the total amount to be paid are calculated on the assumption that the agreement will remain in force for the entire term and that the parties will meet their obligations under the agreed terms and conditions and repayment deadlines. Therefore, for this specific example, <strong>the cash purchase price would be €1,500 and the total amount to be repaid in instalments would be €2,115.07.
Please note that the monthly instalments are first and foremost used to pay off interests and charges and, secondly, to repay the amount borrowed, so choosing reduced instalments may only cover repayment of the residual interest proportion of the credit.
Finance your purchase:
You can split any of your purchases over €30 into various instalments, between 2 and 36 months
The applicable interest rate is 1.17% monthly NIR, 14.00% annual NIR (14.93% APR).
Representative example for a financed purchase of €1,000 made on 1st of the month, with the regular payment option and 12 fixed monthly instalments, on the assumption that there are no further drawdowns during that period or any breach of the terms and conditions of the agreement: 14.00% annual NIR; 14.93% APR; 11 instalments of €89.79 and a final instalment of €89.77. Total amount of credit: €1,000. Total amount owed: €1,077.46. Total cost of credit: €77.46. The APR and the total amount to be paid are calculated on the assumption that the agreement will remain in force for the entire term and that the parties will meet their obligations under the agreed terms and conditions and repayment deadlines. Therefore, for this specific example, the cash purchase price would be €1,000 and the total amount to be repaid in instalments would be €1,077.46.
You can choose to settle your purchase in one lump sum with no interests or fees. In this case, any amount spent using your Visa card will be paid off in your account at the end of the month.
Can you also finance payments charged to the account associated with your card?
Yes, you can finance payments of more than €30 charged to the account associated with your credit card. The money will be instantly transferred to the account, decreasing the amount of the limit available on your card. You can finance purchases of €30 or more over 1 month with no interests (0% APR)1 or split your payments over 2 to 36 months (annual NIR: 14.00%; 14.93% APR).
Representative example for a purchase of €200 financed over 1 month: annual NIR: 0%; APR: 0%. Monthly repayment: €200. Total amount owed: €200. Total amount borrowed: €200. Total interests: €0. French amortisation schedule.
1Representative example for a purchase of €200 financed over 3 months, made on 1st of the month, with the regular payment option and 3 fixed monthly instalments, on the assumption that there are no further drawdowns during that period or any breach of the terms and conditions of the agreement: 14.00% annual NIR; 14.93% APR; 2 instalments of €68.23 and a final instalment of €68.22. Total amount borrowed: €200. Total amount owed: €204.68. Total cost of credit: €4.68. The APR and the total amount to be paid are calculated on the assumption that the agreement will remain in force for the entire term and that the parties will meet their obligations under the agreed terms and conditions and repayment deadlines. French amortisation schedule. Therefore, for this specific example, the cash purchase price would be €200 and the total amount to be repaid in instalments would be €204.68.
What are the advantages of turning the travel benefits on?
On top of its advantages, when you turn on the travel benefits, you get better terms and conditions for using it on your trips. For just €2.99/month, you can benefit from:
- Cash withdrawals worldwide: 5 free cash withdrawals from any ATM around the world.
- Accident insurance (see policy): Included.
- Travel insurance (see policy): Included.
You can turn the travel benefits off whenever you want, but bear in mind that the following will be applied:
- Cash withdrawals in Spain and within the EU: 3.90% of the amount withdrawn (minimum: €3.90) and the applicable fee indicated by the ATM.
- Cash withdrawals outside the EU: 4.5% of the amount withdrawn (minimum: €3) and the applicable fee indicated by the ATM.
- Accident insurance: Not included.
- Travel insurance: Not included.
How do you turn the subscription travel benefits on and off?
You can enjoy exclusive travel benefits at any time. Turn them on easily from the Openbank website or app for just €4.99/month, and when you no longer need them, just turn them off and the subscription will not be renewed the following month.
Does it include any insurance?
Yes, it includes travel accident insurance that covers claims for death or disability as a result of an accident as a passenger on public transport, provided that the ticket had been paid with the card. This insurance covers the holder and any other person whose journey was paid for with the holder’s card. Maximum compensation: €120,202.42.
It also includes another accident insurance that, in the event of claims for death or disability of the holder as a result of an accident at work or during their day-to-day, pays out compensation equal to the sum of charges to the account for purchases made with the card in the last 12 months. Maximum compensation: €6,010.12.
Plus, it’s all free and with cover by Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.
For further information on the coverage and terms and conditions, see the policy.
How can you get your Open Credit Card online?
If you’re not yet a customer, all you need to do is open your current account with Openbank here to apply for your free card. Don’t forget that renewal is subject to conditions/fees.
Where can you check the fees and interest rates for this card?
The fees and interest rates for the latest calendar quarter can be found on the “Bulletin Board” tab on the Openbank Legal Information page by clicking here. You can find further information in Annex 1 in the “Information on fees and interest rates charged or offered”.
For further information, call us on (+34) 91 177 33 10 and we'll be glad to help.
What are Open Discounts?
They are exclusive discounts you get at top brands when you pay with your card. Check out the brands that offer discounts here.