- With the Open Credit Card, you can make online or in-store purchases at any payment terminal that accepts Visa.
- With contactless technology, all you need to do is hover your card over the terminal for payments under €50.
- And with its credit options, you have up to €6,000 available per month.
- No fees applied for purchases in a currency other than euro4.
- 5 fee-free cash withdrawals a month at any ATM... anywhere in the world!
- Travel with peace of mind thanks to travel assistance and accident insurance5.
- Verify your purchases with your PIN number and 3D Secure Code system.
- Receive free SMS confirmation alerts every time you pay with the card.
- As a cardholder, you're insured during your trips and while out and about on your day-to-day by Santander Seguros y Reaseguros S.A.6.
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Cash withdrawals from other banks' ATMs outside of the EU. 4.5% of the cash withdrawn.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: 3% of the amount. Minimum: €2
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.
What are the advantages of turning the travel benefits on?
On top of its advantages as a credit card with no need to switch banks, when you turn on the travel benefits, you get better terms and conditions for using it on your trips. For just €4.99/month, you can benefit from:
- Cash withdrawals worldwide: 5 free cash withdrawals from any ATM around the world.
- Purchases in non-euro currencies: Free.
- 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- Cash withdrawals in Spain and within the EU: 3.90% of the amount withdrawn (minimum: €3.90) and the applicable fee indicated by the ATM.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.
- Purchases in non-euro currencies: 3% of the amount (minimum: €2).
- Accident insurance: Not included.
- Travel insurance: Not included.
How do you turn the subscription travel benefits on and off?
You can benefit from exclusive travel benefits at any time. Turn them on 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.
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.
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.
Need more information?
We make it simple. Call us on +34 91 177 33 37 and our team of professionals will be glad to help.
For further information on your rights, click here.
Credit subject to prior approval by Openbank's Risk Department.
1 0% annual NIR, 0% APR. Representative example for €1,500 drawn and repaid in a lump sum at the end of the month: 0% NIR; 0% APR; Total amount borrowed: €1,500. Total amount due: €1,500. Total cost of the credit: €0. Card issuance fee: €0. Free issuance and renewal.
2 Representative example for a purchase of €200 settled one month later: annual NIR: 0%; APR: 0%. Monthly repayment: €200. Total amount owed: €200. Total amount borrowed: €200. Total interests: €0. French amortisation schedule.
3 Representative example for a financed purchase of €200 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 amortization 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.
4 Visa may apply a margin to the European Central Bank reference rate.
5 Insurance arranged with Zurich Insurance PLC, Sucursal en España.
6 Insurance arranged with Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.