El Hormiguero Openbank Credit Card

It is a credit card that is completely free to take out and only costs €5 to renew each year.

You can finance your purchases and benefit from contactless payment simply by holding your card close to the terminal.

Plus, you can take advantage of exclusive travel benefits via a flexible subscription. You can turn them on to benefit from improved terms and conditions for ATM cash withdrawals, purchases in other currencies, and even special travel insurance. And when you no longer want them, all you need to do is turn them off.

And best of all... you don't have to switch banks. All you need to do is link the account you hold at your current bank to the El Hormiguero Openbank Credit Card.

All this, with maximum security. Get peace of mind with our 3D Secure Code system and free payment confirmation alerts by SMS.

It is completely free to take out (0% annual NIR, 0% APR¹) and only costs €5 each year to renew. The 3D Secure Code system and free SMS payment alerts are also free. You can turn on your travel benefits for €7.99/month and turn them off whenever your want.

You can benefit from exclusive travel benefits at any time. Turn them on from the Openbank website or app for just €7.99 a month, and when you no longer need them, just turn them off and the subscription will not be renewed the following month.

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 €7.99/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• Cash withdrawals in Spain and within the EU: 3.90% of the amount withdrawn (minimum: €3.90) and the applicable fee indicated by the ATM.
• Cash withdrawals outside the EU: 4.5% of the amount withdrawn (minimum: €3) and the applicable fee indicated by the ATM.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.

Of course! The lump-sum payment method is set by default, but you are free to choose a different repayment option to accommodate your needs.

Payment in instalments:

Settle the payment in fixed or variable instalments. The minimum amount you can finance is 5% of your card’s credit limit, with a minimum instalment of €15.

The applicable interest rate for paying in instalments is 18.00% annual NIR (19.56% APR).

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 borrowed: €1,500. Total amount owed: €2,115.07. Total cost of credit: €615.07. The calculation includes the card issue 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. French amortisation schedule. Therefore, for this specific example, the cash price would be €1,500 and the total amount to be repaid in instalments would be €2,115.07.

Openbank recommends responsible use of this service.

Finance your purchase:

You can settle your purchases and payments of at least €30 one month later with zero interest (APR: 0%)^A or split them over 2 to 36 months (annual NIR: 14.00%; APR: 14.93 %)^B.

^A 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.

^B 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 price would be €200 and the total amount to be repaid in instalments would be €204.68. Openbank recommends responsible use of this service.

If you have an Openbank account, you can also finance payments you make with this account.

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 2 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.

If you turn on the exclusive travel benefits, you get take advantage of travel assistance insurance that covers claims, among others, for delayed flights or damage to your luggage, as well as international medical assistance. You will also be entitled to accident insurance for public transport that covers death and permanent disability (partial or total) for up to €100,000, provided by Zurich Insurance PLC, Sucursal en España, as long as the transport ticket was purchased by the El Hormiguero Openbank Credit Card.

Further information can be found in the full insurance policy here or, if you prefer, you can consult the simplified version here.

They are exclusive discounts you get on top brands including Iberia, Cortefiel, Women’secret, AVIS, Booking.com and plenty more when you pay with your El Hormiguero Openbank Credit Card. Click here to check out all the current discounts.

The El Hormiguero Openbank Credit Card offers the following:

• Card control: a free service that allows you to temporarily restrict use of the card depending on the location or type of transaction. For example, you can disable its use in a certain country, enable its use for only in-store purchases or at ATMs.
• Password Manager: a secure and completely free space where you can save all your passwords, data or other information. It's available on the Openbank website and app, so you can access your secret information whenever and wherever you want.
• Financial aggregator: connect your finances in one single place, where you can keep track of them and sort them into categories. All your accounts will be connected in a secure environment and your balances and transaction history constantly updated.

We make it simple. Call us on (+34) 91 276 21 99 and our team of professionals will be glad to help.

For further information on your rights, click here