- Start to use your card right away5.
- Fast and secure! Online shopping and in-store payment with contactless technology. For security purposes, you will need to enter your PIN for payments over €50.
- Card issuance and renewal are completely free1 for the main holder.
- Finance purchases and payments over 1 month interest-free3 or, if you prefer, pay over 2 to 36 months at 14.93% APR4 and 14.00% annual NIR.
- And plenty more benefits! Open Discounts, accident insurance, SMS alerts, 3D Secure Code System, etc.
- Shop using your secret PIN and 3D Secure Code System.
- Stay up to speed with free SMS/push payment confiirmation alerts.
- As the cardholder, you have accident coverage for public transport and when out and about on your day to day (insured by Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.)6.
How much does the Virtual Credit Card cost?
Card issuance and renewal are completely free. Transferring money from a current account to the card is free. The 3D Secure Code System and SMS alert service are also 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 operator.
- Cash withdrawals from other banks within the EU. You will only pay the fee charged by the ATM operator. - Cash withdrawals from other banks outside the EU: 4.5% of the amount withdrawn. Minimum fee: €3.
- Purchases in a foreign currency: 3% of the amount. Minimum: €2.
- Transferring money from your current account to your Virtual Credit Card: free.
- Transferring money from the Virtual Credit Card to your current account: 3.90% of the amount transferred. Minimum: €3.90.
- Monthly fee for alert service (SMS alerts for payments made with the card): free.
Can you finance card purchases?
Of course, you can choose the option that best suits at the time.
Pay in instalments:
Pay for your purchases in fixed or variable instalments. The minimum amount you can finance is 5% of your credit card limit, with a minimum instalment of €15.
The applicable monthly interest rate is 1.50% monthly NIR, 18.00% annual NIR (19.56% APR).
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, 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 finance any purchase over €30 over 2 to 36 months.
The applicable monthly 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.
Can you finance other transactions or payments that you haven't made with the Virtual Credit Card?
Yes, you can finance any payment of €30 or more charged to your current account associated with your Virtual Credit Card. The money will be transferred instantly to the account and will be deducted from the amount of your Virtual Credit Card limit available. Choose the terms to pay it over: from 2 to 36 months. You can finance payments from the last 3 months shown in the list of transactions with the option 'Finance your payment' on the website or app.
The applicable monthly interest rate is 1.17% monthly NIR, 14.00% annual NIR (14.93% APR).
Representative example for a financed payment on account 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.
What are the advantages?
Once you have applied for your card, it will be available instantly on the website and app and you can start to use it right away. What's more, it's virtual, plastic-free and totally environmentally friendly.
Your online purchases are more secure than ever thanks to our 3D Secure Code System and free SMS confirmation alerts.
Plus, you can make pin-free purchases of less than €50 thanks to contactless technology.
Please note that card issuance is subject to approval by Openbank.
Does it include any insurance?
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 bought using the card. This insurance covers the holder and any other person whose ticket was purchased using 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.
For further information on the coverage and terms and conditions, see the corresponding policy.
How can you get your Virtual Credit Card?
If you are already a customer:
Log in to the Customer Area on the website or through the "Cards" section on the Openbank app.
If you have any questions, call us on (+34) 91 177 33 10 and we'll be glad to help.
If you are not yet a customer:
Open an account here and apply for your Virtual Credit Card when your account is ready. For further information, call us on (+34) 91 177 33 37.
What are Open Discounts?
They are discounts you can get on top brands when you pay with your Openbank cards. Check them out here!
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 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.
Need more information?
We make it simple. Call us on 91 177 33 10 or 900 22 32 42 and our team of professionals will be glad to help. If you're not a customer yet, please call us on 91 177 33 37 or 900 36 53 66.
Check out other products and services on our website.
1 Representative example for €1,500 drawn and paid in full at the end of the month: 0% NIR; 0% APR; Total amount of credit: €1,500. Total amount due: €1,500. Total cost of credit: €0. Card issuance fee: €0.
2 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. French amortisation schedule. Therefore, for this specific example, 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 the agreed interests and charges and, secondly, to repay the amount borrowed; therefore, choosing reduced instalments may only cover repayment of the residual interest proportion of the credit.
3 Representative example for a purchase of €200 financed over 1 month: 0% annual NIR, 0% APR. Lump-sum payment: €200. Total amount owed: €200. Total amount of credit: €200. Total interest: €0. French amortisation schedule.
4 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 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.
5 Card issuance subject to approval by Openbank.
6 See terms and conditions of the policy.